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What is a Financial Statement? Meaning, Scope, and Types

What is a Financial Statement? Meaning, Scope, and Types If you plan to start a business in Hong Kong, you should know the different aspects of running a business. As entrepreneurs are busy managing business operations, they tend to overlook one of the most crucial elements–monitoring the business’s financial performance.  Simply starting a business is […]

A Complete Guide to Profits Tax Return in Hong Kong

A Complete Guide to Profits Tax Return in Hong Kong Filing profits tax returns is a critical annual responsibility for individuals and businesses operating within the vibrant economic landscape of Hong Kong. This comprehensive guide is designed to provide you with in-depth insights into the complexities of the Hong Kong profits tax system. We’ll explore […]

Business Accounting Basics – A Guide for Small Businesses and Startups

Learn Business Accounting Basics – A Guide for Small Businesses and Startups Small business accounting can be the make-or-break factor for many entrepreneurs. Mastering the basics of business accounting not only helps ensure financial stability but also empowers you to make informed decisions, meet compliance requirements, and plan for growth. In this comprehensive guide, we’ll […]

An Overview of Financial Statement: Calculations, Examples, Types, and Uses

An Overview of Financial Statement: Calculations, Examples, Types, and Uses Financial statements are the lifeblood of any business, providing crucial information about its financial performance, health, and profitability. But how can one effectively analyze and interpret these complex documents to make informed decisions? This blog post delves into the essentials of financial statements, key financial […]

The Importance and Benefits of Accounting Systems

  Unlocking the Benefits of Accounting Systems Imagine managing your business finances without the assistance of an accounting system. The time-consuming manual calculations, the risk of errors, and the lack of real-time insights would hinder your decision-making process and overall business growth. Today, we’ll explore the journey of accounting systems and how they continue to […]

IR56 Forms: Your Ultimate Guide

IR56 Forms: Your Ultimate Guide 7 minute read If you’re a small businessman or entrepreneur in Hong Kong, you know how important it is to make informed financial decisions. A large part of this is complying with tax regulations and filing returns on time. We understand that this can become confusing. There are different types […]

Understanding Taxes For Freelancers In Self-Employed Professionals In Hong Kong

Understanding Taxes For Freelancers In Self-Employed Professionals In Hong Kong 9 minute read As a freelancer or self-employed professional operating in Hong Kong, you are subject to tax compliance. While this may appear to be a hassle, keep in mind that Hong Kong is the best place to establish your private corporation. The reason is […]

Guide to Corporate Tax Rates and Profit Tax in Hong Kong (2022)

Guide to Corporate Tax Rates and Profit Tax in Hong Kong (2022) 10-minute read Corporate and personal tax rates in Hong Kong are considered the lowest in the world. Hong Kong’s well-regulated tax system and low-income tax rates have led the city to be ranked as one of the top destinations for foreign companies and […]

Amazon Seller Tax FAQ – Sleek

Amazon Tax Seller FAQs in Hong Kong

Amazon Seller Tax FAQ 4 minute read Overview: For overseas sellers who are selling on Amazon from Hong Kong For Hong Kong-based sellers who are selling on Amazon (US marketplace) For overseas sellers who are selling on Amazon from Hong Kong Will I be taxed in Hong Kong on income earned from selling physical goods […]

10 Best Accounting Software for Small Businesses

10 Best Accounting Software for Small Businesses 10 minute read Managing your financial data becomes increasingly complicated as your company grows. At a certain point, using spreadsheets to manage business accounting and complicated financial data simply becomes too complex, time-consuming, and error-prone. That is when a scalable accounting solution is required. Fortunately, advanced accounting software […]

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