by Corporate Hub | Accounting
The new Hong Kong e-Cheque payment service was launched by the banking sector on 7 December 2015. e-Cheque is, as the name implies, a digital payment method whereby the payment is sent electronically via a PDF image file that resembles a physical cheque. The entire...
by Corporate Hub | Accounting, Business
Keeping the proper accounting records is essential in Hong Kong as you want to obey the laws that are in place. Here are five main reasons why you need to keep good accounting records of all your business dealings.#1 Know Where Your Money is GoingWhen you keep proper...
by Corporate Hub | Accounting, Business, Tax
QUICK FACTSCurrency used in Hong Kong: HKD (Money exchange store is everywhere in Hong Kong) Common acceptable currencies in Hong Kong big shops: HKD and RMB Common acceptable credit cards in Hong Kong: Visa and MasterCard (American Express and China UnionPay are...
by Corporate Hub | Accounting, Business, Tax
QUICK FACTS Fiscal year-end date (or financial year-end date/accounting year-end date) for – limited companies in Hong Kong: any date – unincorporated businesses in Hong Kong: any date – companies in Mainland China: 31 December When you set up your Hong Kong company,...
by Corporate Hub | Accounting
The difference between traditional accounting and cloud accounting is that cloud accounting is a type of services that can be accessed on various computers through the internet, while traditional accounting can only be accessed on one computer. Examples of cloud...
by Corporate Hub | Accounting
Outsourcing your accounting function like most of your other business functions e.g. human resource function and IT function is proven to be beneficial in various ways. If you have’t ever considered outsourcing your accounting and bookkeeping tasks, these 5...
