Hong Kong (Eng)

Some business owners may ask: If my company hasn’t been operational and has no income, do I still need to file taxes?
The answer is yes.Upon receiving a Profits Tax Return, even if the company has not conducted business during the reporting period, proper bookkeeping, auditing, and tax filing are required. … Read More

In school administration, maintaining accurate inventory records is fundamental to transparent asset management, efficient operations, and regulatory compliance. Below, we outline the critical reasons why inventory management is crucial for schools. … Read More

Expertise in commercial accounting alone cannot address the unique requirements of school finances, especially regarding the distinct practices of “General School Accounts” and “Project Accounts.” Managing school finances involves not only meeting basic financial recording standards but also adhering to specific Education Bureau regulations and requirements. Specialized knowledge and experience are essential for successful school accounting. … Read More

In school management, maintaining accurate and comprehensive accounting records is the cornerstone of financial transparency and compliance. Schools need precise documentation of various income and expenditures to provide the required financial reports to the Education Bureau and other relevant authorities on time. Accurate records also serve as valuable references for operational planning in the upcoming years. To ensure the accuracy of school accounting, it is essential to understand the General School Account and Project Account, as well as to have relevant bookkeeping experience. … Read More

With tax season upon us, many companies are feeling overwhelmed because they haven’t conducted annual audits in previous years. They are now seeking our help to understand what information they need to provide in order to complete the audit process smoothly. … Read More

On May 22, 2024, the government passed the Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill 2024 by the Legislative Council today (May 22). The Bill gives effect to the Government’s proposals announced in the 2024-25 Budget and the 2023 Policy Address. This article will guide you through the tax relief and adjustment measures introduced. … Read More

In this digital age, running an online store has become a popular choice for many people seeking new business opportunities. However, setting up and operating an online store is not straightforward; you need to understand and follow many rules and regulations to ensure the legality and successful operation of your business. Many customers have consulted us about whether they need to setup a company to run an online store and whether they can use their personal accounts to receive payments. This article will answer these questions for you!
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In Hong Kong, small and medium enterprises (SMEs) now have a new opportunity to upgrade their businesses. The Digital Transformation Support Pilot Program (DTSPP) is a government-initiated initiative that provides funding support for the food and retail sectors, enabling them to more easily adopt digital technologies. … Read More