Are you running a small business, probably you must be dealing with plenty of financial matters at the regular basis. Some important decisions should be made on right time, and must invest time in different tasks and activities that have the major influence on all your resources. There is no wonder that entrepreneurs search for maximum ways of saving money, and in this quest, they save on cost of hiring the cpa firm hk.
Well, hiring the small business CPA isn’t a choice, in this competitive market, and where you require tax and financial advisor on different matters about your business. Here we are going to try and decode reasons why each small business or startup needs the service of CPA.
First things, let us understand difference between the CPA and general accountant. The CPA should pass the particular exam for getting certification and practice as the apprentice in another CPA for many years. To understand it better, all accountants aren’t CPAs. The CPAs are actually held to certain set of standards, some amount of education & ethics that should be complied to maintain this license.
In Hong Kong, the tax rules aren’t much complicated. But, lots of people are highly confused while preparing their profit tax return hong kong as there aren’t many guidelines provided. To know profits tax in Hong Kong, firstly you have to know who are needed to pay. The sole proprietorship businesses have to report the profits tax.