Hong Kong is renowned for its simple and competitive tax system. This city has one of the lowest tax rates. It attracts both local and international talent to operate in Hong Kong. However, businesses and individuals need to stay on top of the tax filing deadlines. Understanding the different Hong Kong’s 2025 Tax is critical forRead More
For the growth of any business in Hong Kong, a fiscal year, which typically spans 12 months, plays an important role. During this period, a company tracks its financial performance, prepares annual accounts, and pays taxes. Every business in Hong Kong uses a fiscal year, often known as a financial year, for accounting, preparation ofRead More
The business landscape of Hong Kong is thriving at a highly rapid pace and is expected to grow even bigger. Hong Kong provides the perfect business environment for small and medium-sized enterprises. Several factors influence the growth and success of SMEs, and one among them is bookkeeping and accounting. This should not be ignored asRead More
Profitability is different from Cash-flow. To run a successful company in Hong Kong, you need to be familiar with both of these words and the advantages they provide. Learning to distinguish Cash flow from profit can improve your ability to analyze your company’s financial health and identify problems or opportunities early on. Even if yourRead More
Once you’ve set up your business, there are a lot of things that you’ll need to take care of. Accounting and bookkeeping for Hong Kong companies are among some of the most crucial activities needed to run a business. Great bookkeeping helps in maintaining the day-to-day accounts and auditing financial statements that are used inRead More
When you start operating your company activities, you may hear the terms bookkeeping and accounting thrown around. There must be many times when you will also hear these two terms used almost interchangeably. However, there is a difference in bookkeeping and accounting in the business firm. Small businesses may have different functions in both areas,Read More