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Your company’s fiscal year-end affects how you do your accounting and tax submissions. Read on to discover more about choosing a fiscal year for your business and what you’ll need to consider along the way.

The repercussions of missing crucial deadlines extend beyond non-compliance and can even include hefty fines, lost revenues and opportunities, as well as decreased productivity.

Good business recordkeeping is essential for managing costs, or regulatory reasons. If you are just starting up your business, it might not be the first thing that comes to your mind, but it can help you build a strong foundation.

As a business owner in Hong Kong, it’s common to have suppliers in mainland China. But with transfer fees, exchange rates, various payment methods and strict capital controls, transferring money to China can be complicated and expensive.

So what’s the safest way to transfer money from Hong Kong to China? We’ll explain the payment processes, methods and negotiating terms so you can find what works best for your business.

To get the best chance at success, entrepreneurs have to make sure they have the right partners around them when starting their own business. Here’s why we are the right partner for your accounting tasks.

Giving back to society is always a good thing, regardless of the size of your business.

If your business constantly makes donations, you would be no stranger to the joy of giving. Furthermore, you could even benefit from tax deductions. Your <a href="/hk/accounting-services-hong-kong/">accountant</a> will make claiming easy for you.

However, for small businesses, charitable donations can also bring about potential difficulties and headaches. Fortunately, we’ve got your back – get acquainted with the ins and outs of small business donations so you can gear up for tax season. Read on to find out more about charitable donations, and how to record them in your <a href="/hk/guides/bookkeeping/">bookkeeping</a>.

Starting an Amazon business comes with a host of benefits. This does, however, come at a cost which some ecommerce business owners may overlook.

If you are thinking about carrying out regulated activities in Hong Kong, you’ll have to apply to the Securities and Futures Commission (SFC) for an SFC licence to make sure you’re compliant.

Hiring is a two-way street. While talents are available in the market, matching a candidate to an ideal job profile can be challenging. This is where an employment agency comes into play and works with employers and job seekers to provide services of search, advice, selection and payroll for a successful job match. An employment agency can also assist in the hiring process of local and foreign candidates for junior positions and senior management roles. Given the importance of employment agencies, it is no doubt that they play an integral role in Hong Kong's economic success.

In fact, there were <a href="https://www.cpomagazine.com/data-protection/employment-agency-and-data-protection-a-hong-kong-perspective/">3,148 licensed employment agencies</a> registered under the Labour Department in Hong Kong as of May 2020.

Melissa Yeo

Fiscal Year: Meaning and Choosing the Date

What Is a Compliance Calendar?

A Guide to Business Recordkeeping in Hong Kong

A Guide on How To Pay Your Suppliers in Mainland China from Hong Kong

11 Reasons To Go With Osome To Take Over Your Accounting

Recording Donations in Bookkeeping for HK Companies