Amazon Seller Tax FAQ – Sleek
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 […]
A Business Owner’s Guide to Salary Tax Returns (BIR60)
A Business Owner’s Guide to Salary Tax Returns (BIR60) 12 minute read The tax structure in Hong Kong is extremely beneficial to enterprises and individual taxpayers. Hong Kong salary tax, often known as income tax, is one of the friendliest tax systems because you can claim progressive tax rates and still enjoy more than one […]
Monthly vs. Yearly Accounting: What’s best for your business?
Monthly vs. Yearly Accounting: What’s best for your business? 7 minute read Accounting is important in all businesses, but it is sometimes overlooked by small business owners as they juggle all of the other obligations of managing and sustaining day-to-day operations. Needless to say, accounting should never be overlooked. It is crucial to maintain balanced […]
When does my business need an interim report?
When does my business need an interim report? 7 minute read If you’re a company owner in Hong Kong, you get to enjoy many benefits, but you also deal with a lot of legality and paperwork as well. If your business is listed and shared on major Hong Kong indexes, you might be required […]
Understanding Hong Kong’s accounting standards
Understanding Hong Kong’s Accounting Standards 10 minute read Hong Kong businesses must keep proper books of accounts and meet all statutory requirements to satisfy the rules of the Hong Kong Companies Ordinance. Moreover, it’s helpful to know that the Hong Kong Institute of Certified Public Accountants (HKICPA) is in charge of overseeing the accounting […]
Should my business use a digital accounting system?
Should my business use a digital accounting system? 6 minute read Back in the day when computers were a rarity, the vast majority of companies had to deal with bookkeeping and accounting manually. This meant that a business had to process physical documents and record all bank transactions in columnar papers. In addition, there were […]
Certified True Copies for Hong Kong Businesses
Essential Guide: Certified True Copies for Hong Kong Businesses 6 minute read Copies of documents that are certified by a qualified party and intended for official use are known as certified copies. These copies can be used for activities such as business registration, bank account openings, and government proceedings. The reason why a third party […]
Guide to Filing Annual Returns in Hong Kong
Guide to Filing Annual Returns in Hong Kong 10 minute read Every Hong Kong private company is required to file an annual return once a year. This happens around the company’s anniversary date. To file this annual return, you need to fill out an AR1 form within 42 days of your company’s incorporation anniversary date. […]
Accounting by Expense – FAQ
Accounting by Expense – FAQ 3 minute read Here are some answers to commonly asked questions on our new Accounting by Expense pricing model. Overview: What is considered an “expense” What is considered a “transaction” What is the difference between “accounting by expense” and “accounting by transaction” Are loans (to subsidiaries, directors or shareholders) considered […]
3 Effective Ways to Save Money as a New Business
3 Effective Ways to Save Money as a New Business 4 minute read Just started a new business? Owning a startup can be extremely demanding and challenging. As the global pandemic persists, the economy is hitting a new low, leaving startups with little financial assistance to suffer the blow. Are there any ways to […]
