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Your Guide to Understanding the Implementation of IFRS 16 in Hong Kong Before we dive into the implementation of IFRS 16 and its impact on companies operating in Hong Kong, let us understand the basics of this accounting standard. IFRS 16 (International Financial Reporting Standard 16) is the latest lease accounting standard developed by the…
What Are the Differences Between Investment Agreement and Shareholders Agreement? When a business raises money, they may need several legal agreements for their investment transactions. An investment agreement and a shareholders agreement are two broadly misunderstood legal documents. Telling the difference between the two would integrate investors’ investment activities and secure ownership rights for the…
Everything You Need to Know About Sweat Equity Shares in Hong Kong As an owner of a new business in Hong Kong, you are often caught between the challenges of limited budgets and maintaining co-founders as team members. This is always true for high-growing or pre-revenue industry: so how to keep employees on board? Some…
Important Things to Consider Before Taking Your Company Public Taking your company public means the initial public offering (IPO) of your private business. Businesses go public to raise profits and pursue their expansion, making it a publicly-traded and controlled business. Investors can also use IPOs as an escape strategy —a way to take out their…
Components of a Shareholders Agreement: Five Shareholders Agreement Clauses You Must Include Every successful shareholder’s agreement secures the interests of both the business owners and shareholders. However, disputes over business decisions, death, injury, disability, etc., are inevitable. Such issues, if not handled at the onset, can create conflict. Thus, it would be best to have…
5 Productivity Tools for Accountants in Hong Kong: The Ultimate Guide Being an accountant is an exciting job as it allows you to learn many things throughout your career and build meaningful relationships. However, for a successful career, the productivity tools for accountants will allow them to utilize their time very efficiently. There will be…
Invoice Financing and Export Factoring Invoice financing and export factoring are some of the major ways of receiving funding for your business. As a business owner, you will require funding during multiple stages of growth and development. Sometimes, securing funding is easy and hassle-free whereas sometimes it is a daunting task. You might not be…
Risks of DIY Bookkeeping That You Should Understand While learning the risks of DIY bookkeeping, one must understand why bookkeeping is a very sensitive operation that requires optimum proficiency and expertise. Introduction Bookkeeping is a part of accounting that is mainly associated with keeping a record of financial transactions. These transactions include sales, purchases,…