We can also use Xero to keep your accounting nice and tidy using cloud-based software
Every year, HK limited companies have to do their accounting and get their books audited by a practicing CPA.
We offer accounting packages that include Accounting, Auditing and Tax Filing (from a partner as the accountant cannot be the same as the auditor).
We have standard packages for clients with turnover between 0 and 5 million HKD.
What is really unique about us is that:
This has helped us to gain specific expertise with e-commerce and Amazon Shop clients in addition to our more traditional trading and business services clients.
Depending on your needs and budget, we can do your accounting annually or on an ongoing basis
Specific expertise with:
This approach has earned us the trust of existing clients, countless referrals and new “shopping clients” undecided between several providers…
Well – yes you should … unless you have really done nothing. Not a single transaction. For example, you didn't have any bank account and you didn’t sell nor buy anything. In this case, you can file a notice of non-commencement of business.
The accountant is putting your accounts together to reflect the financial performance of your business. The auditor is a third party that will check that the accountant did a good job. This is why they have to be different people. We partner with auditors so you just have to work with us and we will handle everything for you.
16.5% but HK government is talking about reducing to 8.25% for profit bellow HKD2,000,000
Normally, we do not advise our clients to apply for offshore tax exemption for 3 reasons:
-The international environment became more complicated recently and is about to become totally transparent by 2018 (with the CRS of OECD – Common Reporting Standard). We believe advising our clients to claim offshore tax exemption (and therefore demonstrate the lack of substance in Hong Kong) is not responsible as they may face issues later down the road in their country of residence.
-The process itself… As Hong Kong is trying to enter OECD they are being more and more stringent and picky to deliver the tax exemption. It is important to work with experts that keep an eye on the IRD policies. So we prefer to transfer to companies that only do that.
-Our own Strategy: Our strategy is to advise our clients to onshore in Hong Kong and create a tax effective structure in Hong Kong with an actual taxation of 5 to 15% instead of going for an attractive but difficult, costly and dangerous 0% (exempt). Nowadays, we recommend either a total onshoring with the entrepreneur living here or a semi-nomad option with a HK residency but live-abroad (generally southeast asia) with a proper residency status.
Just what an entrepreneur needs!
This was exactly what I needed as a budding entrepreneur. Usually this business plan process is a fearful step for starting a business, but Laurent breaks it down wonderfully and methodically. I highly recommend this course to anyone who’s serious about bringing their idea to life.Timmy Corini
Brilliant Course! So well structured & well done!
What i love about this course is the author keeps it short, simple but to the point. Everything u need to know about developing a business plan is well presented and illustrated with smooth animation and eye-catching graphics. The idea of using post-it is so easy & effective! Definitely recommend this course to all entrepreneurs out there!Joanna H
Great Course ! Now i know how to make business plan 🙂
Thanks for this course and thanks for all your feedback ! Laurent you are Awesome !David Elefant
Very Clear and Concise
A really helpful Course which provides a clear structure and actionable advice on how to improve your presentation Skills! Thanks Laurent, this is going to make such a difference!John Colley MA(Cantab), MBA, FSI
Good workshop. Laurent tailored the session in a very interactive way, mixing lectures and hands-on exercises relating directly to my business. Will highly recommend this workshop to anyone interested to get a quick start on generating a business model.Lionel Negrotto