A profit and loss statement is a financial report that shows how much your business has spent and earned over a specified time. It also shows whether you’ve made a profit or a loss over that time – hence the name. A profit and loss statement might also be called a P&L or an income …
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What is a Management Account within an accounting books?
Everybody has heard of a management account, many of them may see a few of management accounts in the past. So, what is a management account? Management accounts are financial reports that track various financial figures and metrics, and provide insight into the current financial health of a business. In principle they are similar to …
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WHAT TO PREPARE FOR YOUR AUDIT?
Submitting a year end audit is a company’s obligation. As an entrepreneur in Hong Kong, you have no option to avoid to prepare your audit report. Preparing a report seems to be headache. However, if you plan ahead, then the auditing is an essential tool to help you know better of your company’s financial status. …
Something you need to know about Company Restoration
In Hong Kong, company restoration re-registers a deregistered company and restores its legal status and operations. And here are something to know before restoring a de-registered company. Company restoration can be done when a company needs to reopen or restore its legal status for some reasons. So what are the common causes? For example, So there …
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All you need to know about De-registration of a Hong Kong Limited Company
De-registration of a company is not a situation to expect but it’s always good to prepare for. Herein this blog, we will take you through the requirements, process and what you can expect when you are de-registering the company with the help with Centre O. With our experience, clients tend to dissolve their companies due …
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注册香港本地企业条例
公司注册后，须遵从《公司条例》的规定，于规定的证明时间内向公司注册处处长交付法定申请表，其中包括但不限于下列申报: 第658条规定公司须在其注册办事处地址更改后的15日内交付表格NR1。 第648及652条规定公司的董事,公司秘书及/或他们的详情有任何更改,公[…]
2023 VALUE-ADDED TAX DEDUCTION in CHINA
The Ministry of Finance and the State Administration of Taxation announced on 1 Aug 2023, value-added tax (VAT) will be deducted. Thus, the government aimed to support the SME to further develop of business and to lessen the burden of individual. The act is valid till end of 2027. The announcement is as follows: Value-added …
HONG KONG – ASEAN COLLABORATION
Hong Kong Chief Executive, Mr. John LEE led a delegation to visit Singapore, Malaysia and Indonesia. During the trip, more than 30 MoUs have been signed. Thus, the act is signaling a closer collaboration based on a shared vision of prosperity and development in Asia. What are the achievements What is the Economic Trend? Malaysia’s …
FREQUENT VISITORS E-CHANNEL SERVICES, HONG KONG
Lining up to go through the immigration is always headache when travelling. As you may need to spend up to 2 hours to the immigration officer booth. However, if you have enrolled for the E-Channel service. Then you can save your time and go through the immigration at an ease. Are you eligible to enrol …
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