Hainan is the smallest
and southernmost province of the People's Republic of China, consisting of
various islands in the South China Sea. Hainan Island, separated from
Guangdong's Leizhou Peninsula by the Qiongzhou Strait, is the largest Chinese
island and makes up the majority of the province.
Haikou is the capital and
most populous city of Hainan province, China. It is situated on the northern
coast of Hainan. Haikou exports substantial quantities of agricultural produce
and livestock. There is a small amount of industry, including canning, textiles,
rice hulling, and light engineering.
Sanya lies at the
southern tip of Hainan Island at Sanya Bay, In recent years Sanya has become a
popular tourist destination Numerous international hotel chains are now
established in the area.
Company setup in Hainan
free trade zone attracts so much attention in these days. As one of China's
foremost tourist destinations, and with its year-long warmth, sunshine and
beautiful tropical beaches, Hainan is an excellent investment destination for
entrepreneurs and businesses. The Chinese central government decreed in April
2018 that HaiNan will open a pioneering free trade zone by 2020, and a similar
free trade port by 2025. It is estimated that economic growth will be more
rapid than that of the Mainland in the next 5 to 10 years.
Once your business is
officially registered in Haikou, Sanya Hainan, it's required to maintain proper
accounting records in accordance with accounting standards in China and to
report taxes on both monthly (for business tax, individual income tax) and
quarterly (corporate income tax) basis. Late submissions will face penalties
and surcharges.
When foreign companies come to Haikou, Sanya Hainan to set up Small Medium Enterprises, one of the headaches is to find an English-speaking professional accounting & tax advisory and agency firm. Even there is help from local professionals, due to language and communication problems, it is still hard for investors to find the correct way of investment and to completely understand the local investment and tax policy. Furthermore, it is hard for the foreign investors to set up a complete and legal financial & tax system as well as the related procedures. Therefore, different kinds of incompliant problems regarding tax and legal areas will be accumulated with the invested company and lead to serious legal risks step by step.
A lucky investor may get the fluent English-speaking internal accountant by recruitment, but it does not mean the invested company no longer needs an external consultant. Due to the professional limitation of internal accountant, particularly when it comes to comprehensive issues regarding taxation, customs, foreign exchange, labor, banks and so on, it is hard for the internal accountant to propose sophisticated professional advice and options to the company’s management.
During the practical operating, many small and medium sized companies conclude that full time cashier and full time accountant cost a lot and create certain burden for operation. Meanwhile, as they might not be full occupied by works due to the limited work load. To be successful, any enterprise regardless its size often needs a financial and accounting expertise.Outsource your accounting project to us is the best solution to this problem
With Our professional accounting service, clients can have the expertise they require when they require.
Our accountant could assist you and negotiating with yourlocal officer to use the proper tax reporting method for your China presence. And submit the tax reports monthly and quarterly on your behalf.
.
The details of our services are set out below
◾Update the books in accordance with the Chinese Accounting Standards
◾Prepare monthly financial statements for tax filing purpose and submit if applicable
◾File monthly Business Tax Return and Individual Income Tax Return
◾File Corporate Income Tax Return quarterly
◾Annual Corporate Income Tax Filing
◾Monthly Bookkeeping Service
◾Audit of Financial Statements
Bookkeeping service
Chinese tax authorities require all enterprises to complete a tax filing on a monthly basis (quarterly for representative offices), failure to do so may result in late interest penalties and fines. You may also be required by your headquarters' management to update them on how well your business is going in China . To timely provide fairly presented financial statements may therefore be critical for the smooth operation of your business.
You may find it beneficial to outsource your financial accounting function at the beginning stages of your business. You will need access to local expertise from the very beginning and avoid any unnecessary corrective costs. We can help you set up standardized working procedures, integrate finance functions to your business infrastructure, and coach your business and future finance team at a cost-effective way.
Our outsource service team can work with your employees in China to handle the whole process of accounting service. We can sort out the most efficient work procedures, collect all relevant documents, discuss the sufficiency and legality thereof, perform bookkeeping according to prevailing Chinese laws and regulations, and deliver local tax authority financial statements to you in a timely manner. According to your specific requirements, either from your local office or headquarters, we can prepare or propose a reporting package with an in-depth analysis for you.
We can also communicate on your behalf with local tax authorities or any other government bodies as statutorily required to handle any issues that may arise during the course of your business operation, a tax audit, or business audit by other government bodies.
With the development of your business, if you deem it necessary to build up your in-house finance function, we can help you design the most appropriate structure, set up internal control procedures, hire suitable staff, and provide training for your entire finance team to ensure a smooth transfer from our professional team to your team.
Taxation agent
We assists businesses, individuals and organizations with tax strategy, planning, and compliance, whilst also delivering a wide range of business advisory services with dedicated tax professionals. This means that we can support you both locally and globally, wherever you require tax advice.
We take a holistic view, combining industry insight with the technical skills of financial and tax professionals, economists, lawyers and our other in-house resources as necessary, to develop comprehensive integrated solutions.
We have experience of working with an expansive and diverse client-base comprising all types of businesses — multinationals, local companies, privately-owned organizations, entrepreneurs, family businesses, trusts, partnerships and private individuals.
Taxation is a fundamental part of how every country and company operates. Tax policy needs to be shaped and actively managed by governments and corporate alike.
From a corporate viewpoint; tax governance is a rising priority, as legislation gets more complex. We work with our member firms clients to establish tax policies and processes, which determine that compliance responsibilities are met, planning opportunities are realized, and there is appropriate communication with the markets and regulators. That way, management can communicate that taxation is under control and get on with running the business.
We use our in-depth technical tax knowledge, and our broader understanding of how tax fits into the wider business picture, to help clients to meet their compliance responsibilities and to act on planning opportunities. Whether you are a business or an individual, we work as a team to help achieve your objectives.
Cashier Service
To ensure your cashier function goes well, you first need to recruit a cashier with high integrity, good personality, and strong technical competency. Then you need to set up and implement sound internal control procedures.
If you cannot ensure the above requirements are met, you may find outsourcing your cashier function to be a better option than keeping it in-house. Examples of circumstances where you may need to outsource include the following:
a) During the initial stage when you start up your business
b) Your business experience in a restructure, such as a merger or spin-off
c) Unstable finance function
d) Lacking qualified personnel
By outsourcing your cashier function, you can have your junior staff closely supervised, coached from time to time by our professionals during the course of their work, and avoid unnecessary fraud when starting your business in China. Working as your cashier function, we can help you control the bank movement, provide cash flow analysis and raise any significant issues where necessary.
When foreign companies come to Haikou, Sanya Hainan to set up Small Medium Enterprises, one of the headaches is to find an English-speaking professional accounting & tax advisory and agency firm. Even there is help from local professionals, due to language and communication problems, it is still hard for investors to find the correct way of investment and to completely understand the local investment and tax policy. Furthermore, it is hard for the foreign investors to set up a complete and legal financial & tax system as well as the related procedures. Therefore, different kinds of incompliant problems regarding tax and legal areas will be accumulated with the invested company and lead to serious legal risks step by step.
A lucky investor may get the fluent English-speaking internal accountant by recruitment, but it does not mean the invested company no longer needs an external consultant. Due to the professional limitation of internal accountant, particularly when it comes to comprehensive issues regarding taxation, customs, foreign exchange, labor, banks and so on, it is hard for the internal accountant to propose sophisticated professional advice and options to the company’s management.
During the practical operating, many small and medium sized companies conclude that full time cashier and full time accountant cost a lot and create certain burden for operation. Meanwhile, as they might not be full occupied by works due to the limited work load. To be successful, any enterprise regardless its size often needs a financial and accounting expertise.Outsource your accounting project to us is the best solution to this problem
With Our professional accounting service, clients can have the expertise they require when they require.
Our accountant could assist you and negotiating with yourlocal officer to use the proper tax reporting method for your China presence. And submit the tax reports monthly and quarterly on your behalf.
.
The details of our services are set out below
◾Update the books in accordance with the Chinese Accounting Standards
◾Prepare monthly financial statements for tax filing purpose and submit if applicable
◾File monthly Business Tax Return and Individual Income Tax Return
◾File Corporate Income Tax Return quarterly
◾Annual Corporate Income Tax Filing
◾Monthly Bookkeeping Service
◾Audit of Financial Statements
Bookkeeping service
Chinese tax authorities require all enterprises to complete a tax filing on a monthly basis (quarterly for representative offices), failure to do so may result in late interest penalties and fines. You may also be required by your headquarters' management to update them on how well your business is going in China . To timely provide fairly presented financial statements may therefore be critical for the smooth operation of your business.
You may find it beneficial to outsource your financial accounting function at the beginning stages of your business. You will need access to local expertise from the very beginning and avoid any unnecessary corrective costs. We can help you set up standardized working procedures, integrate finance functions to your business infrastructure, and coach your business and future finance team at a cost-effective way.
Our outsource service team can work with your employees in China to handle the whole process of accounting service. We can sort out the most efficient work procedures, collect all relevant documents, discuss the sufficiency and legality thereof, perform bookkeeping according to prevailing Chinese laws and regulations, and deliver local tax authority financial statements to you in a timely manner. According to your specific requirements, either from your local office or headquarters, we can prepare or propose a reporting package with an in-depth analysis for you.
We can also communicate on your behalf with local tax authorities or any other government bodies as statutorily required to handle any issues that may arise during the course of your business operation, a tax audit, or business audit by other government bodies.
With the development of your business, if you deem it necessary to build up your in-house finance function, we can help you design the most appropriate structure, set up internal control procedures, hire suitable staff, and provide training for your entire finance team to ensure a smooth transfer from our professional team to your team.
Taxation agent
We assists businesses, individuals and organizations with tax strategy, planning, and compliance, whilst also delivering a wide range of business advisory services with dedicated tax professionals. This means that we can support you both locally and globally, wherever you require tax advice.
We take a holistic view, combining industry insight with the technical skills of financial and tax professionals, economists, lawyers and our other in-house resources as necessary, to develop comprehensive integrated solutions.
We have experience of working with an expansive and diverse client-base comprising all types of businesses — multinationals, local companies, privately-owned organizations, entrepreneurs, family businesses, trusts, partnerships and private individuals.
Taxation is a fundamental part of how every country and company operates. Tax policy needs to be shaped and actively managed by governments and corporate alike.
From a corporate viewpoint; tax governance is a rising priority, as legislation gets more complex. We work with our member firms clients to establish tax policies and processes, which determine that compliance responsibilities are met, planning opportunities are realized, and there is appropriate communication with the markets and regulators. That way, management can communicate that taxation is under control and get on with running the business.
We use our in-depth technical tax knowledge, and our broader understanding of how tax fits into the wider business picture, to help clients to meet their compliance responsibilities and to act on planning opportunities. Whether you are a business or an individual, we work as a team to help achieve your objectives.
Cashier Service
To ensure your cashier function goes well, you first need to recruit a cashier with high integrity, good personality, and strong technical competency. Then you need to set up and implement sound internal control procedures.
If you cannot ensure the above requirements are met, you may find outsourcing your cashier function to be a better option than keeping it in-house. Examples of circumstances where you may need to outsource include the following:
a) During the initial stage when you start up your business
b) Your business experience in a restructure, such as a merger or spin-off
c) Unstable finance function
d) Lacking qualified personnel
By outsourcing your cashier function, you can have your junior staff closely supervised, coached from time to time by our professionals during the course of their work, and avoid unnecessary fraud when starting your business in China. Working as your cashier function, we can help you control the bank movement, provide cash flow analysis and raise any significant issues where necessary.
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