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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) Understanding the Accounting Risks During COVID-19 in Hong Kong: Facts and Challenges Understanding the key accounting risks during COVID-19 can be a make-or-break for thousands of businesses. In this blog, we will learn about the major areas that accountants and companies must consider…
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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) 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…
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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) 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…
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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) 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…
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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) 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…
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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) 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…
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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) 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…
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This post is also available in: 繁體中文 (Chinese (Traditional)) 简体中文 (Chinese (Simplified)) 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…
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