Change of Company Name can be done by passing a special resolution. You have to notify the Company Registry within 15 days after the date of passing the special resolution. You have to submit a Form NNC2 of the change of company name under section 107(2) of the Companies Ordinance.
Any document you need to submit for Change of Name ?
If you are just to Change the Company Name and everything else remains the same. Then the Registrar for registration under section 622 of the Companies Ordinance does not apply to change of name cases. Thus, you don’t need to the delivery of a notice of alteration of articles and a certified copy of articles as altered under section 88(5) of the Companies Ordinance
The peak season for Accounting and Auditing is arriving soon! Unlike the monthly bookkeeping, it is impossible to remember what you have done throughout the year. So, setting up a good system on your google drive. Definitely can save your time and provide accurate information to your auditor.
Paper Vs Digital?
As a small business owner, it’s easy to handle digital documents instead of paper documents. You can imagine after a year of operation, daily documents such as quotations, contracts, bills and invoices are spreading everywhere. How many times have you been looking for a paper that you just know is somewhere. No matter how hard to try, you can’t find it? Thus, you better keep all document in digital version.
What is Google Drive?
Google Drive is a cloud-based storage solution, you can access it with Wi-Fi connection. Also, you can share your files with your colleagues and trading partners. For instance, accountant and auditor. Then everyone in your company can make contribution for the daily record as well.
How to set up your Google Drive?
You can add a few New Folders to separate the docs per below arrangement
1. Company Name eg. My Company (You can have more than 1 company Limited)
2. Set up Monthly Folder: 2022-01 / 2022-02 / 2022-03 (Year-Month)
3. Under Monthly folder, you can create new folder to separate your bill, revenue and bank statements
Bills & Expenses
Sales Invoices & Revenue
Bank Statements
Contract & Agreements
Under the bank statement folder, you can create another folder to keep your difference kinds of statement
HSBC Saving and Current Account Statement
HSBC Credit Card Statement
PayPal (Or other payment gateway) if applied
Under the Contract & Agreements folder, you can keep agreement such as employment contracts, MPF Statement, Freelance Contacts, mobile bill service agreement, tenancy agreements and so on….
For February, you can repeat what you have done in January.
What are the tips?
As you are using digital filing, then naming a proper file name is very essential. Computer sorts files in a systematic logic. So, if you name a file in the same mindset. It makes your life easier. You can put [Date]-[Company name]-[Number] as a file name, then by reading the file name, you know what is the file is about. For example: 20220121-ABC Company-789. When all your bills and invoices are saving in this format. Once you open your folder, you will find your bills and invoice or documents are sorted in sequence.
With the above-mentioned system, obviously you can answer every question from your auditor without any hesitate.
Hong Kong Government announced measures for the 5th round of the Anti-epidemic Fund. And committing a total funding of about $3,570 million.
Reasons for the 5th Round Measures
In view of the development of the epidemic situation, the Government tightened social distancing measures with effect from 7th January. In short, the decisive tightening of measures has huge impact to the Hong Kong economy. To summarize, 23 different business sectors are affected . Especially those business premises that have to close, and catering business premises where have to stop dine-in service after 6pm. The Government therefore swiftly decided to roll out relief measures under the 5th round of the Anti-epidemic Fund.
Details of the 5th round of the Anti-epidemic Fund
Altogether, the 5th round of measures under the Anti-epidemic Fund consists of two parts.
1. Relief measures for premises as well as individuals directly affected by the latest round of tightening of social distancing measures
2. Relief measures for trades which have not seen any business revival since the onset of the epidemic due to the as-of-yet resumed flow of people between Hong Kong and other places.
Relief measures for premises and individuals directly affected. The 23 business sectors including:
Catering Business
Commercial Bathhouses
Lunar New Year and Lam Tsuen Traditional Festival Fair
FARMFEST 2022
Parlours, Massage Establishment and Party Rooms
Cinemas
Fitness Centres and Sports Premises
Club-Houses
Places of Public Entertainment Licence Holders
Amusement Game Centres
Sports and Recreational Sites
Places of Amusement Licence Holders
Mahjong/Tin Kau Licence Holders
Leisure and Cultural Services Department: parttime staff affected by cancellation of sport & recreation and culture programmes
Registered Sports Coaches
Individual arts practitioners and freelancers
Performing Arts Groups
Performing Pop Concert Industry
Child Care Centres
Non-Governmental Welfare Organisations: Interest Class Instructors
Non-formal Curriculum Private Schools
Kindergartens and Private Day Schools
Providers of catering services, providers of interest group and school bus services for schools
Relief measures for trades which have not seen any business revival since the onset of the epidemic
