Entrepreneurs who wish to start a business have a variety of business entities to choose from, the most common company types being a sole proprietorship or private limited company. While many entrepreneurs are eager to begin their business ventures and incorporate their company, it is important to understand the various advantages and disadvantages associated with[…]
Previousy, we introduced accounting systems for SMEs. Regardless of what a business does or how big it is, accountants always have a place in ensuring they run smoothly. Early on, small business and SME owners might find it sensible to handle accounting responsibilities themselves, however as a business grows these tasks undoubtedly[…]
The Hong Kong company incorporation process has been well documented. However, a key aspect of this process is deciding upon a financial year end date, also known as fiscal year end, for your company. Unlike many countries in the world where every company has the same financial year end date of 31 December, Hong[…]
In our last article, we gave an introduction on Profits Tax Returns in Hong Kong to provide a basic understanding on how an audit can help facilitate the profit tax payment process. In this article, we look to expand on the different types of profits tax returns to provide greater clarity on their differences and the[…]