Business Owners in Hong Kong Should Not Forget to Do a Few Things Before Year-End When you own a business in Hong Kong, there is a tendency that you have been working as your own company’s developer, manager, marketer, business generator, administrative assistant, and HR manager. Given that you are doing all of these, it…
Sole Proprietors and Freelancers Must Also Pay Taxes in Hong Kong Paying taxes is part of earning money and there is no way to avoid it and to be audited because it is important to not make a mistake in doing it. Unlike employees, individuals who are self-employed should not let their taxes be automatically…
A Business Owner in Hong Kong Must Practice These Valuable Business Actions As someone who owns a small business, keeping the record of taxes accurately should naturally be a part of bookkeeping habits. It is also an important part of your success and bad accounting could cause financial loss, bad cash flow, as well as…
The Young Entrepreneurs in Hong Kong Should Learn About Accounting Early When there is a successful entrepreneur, it means their accounting is impeccable because every expense or gain is being tracked. If they have a lot of knowledge in accountancy, their business is kept afloat and should they decide to hire an accountant, they are…
The Right Accountant for Your Business in Hong Kong Should be Chosen Well Picking an accountant is similar to choosing a business partner because he or she is going to become a dependable colleague you can trust who can offer advice and guidance. Your business needs to have a solid foundation and the right accounting…
Save Your Business in Hong Kong by Relying on Your Receivables Managing cash flow is important for any business and based on studies, 82% of businesses experience turmoil because of cash flow management problems. The importance of cash flow comes into play when you pay off staff, acquiring inventory needs, to serving customers. There are…
Your Business in Hong Kong Can Still Thrive if You Have Determination It is not about the success of your business because a difficult situation can come anytime. However, just because there is an obstacle now your business is going to fail. You simply have to do damage control because, during this time, it is…