Tax returns together with audited accounts have to be filed with the Inland Revenue Department by 31 April annually. The auditor should be a member of the Hong Kong Institute of Certified Public Accountants and should hold a practicing certificates. Dormant companies (i.e no accounting transactions for the financial year) and small corporations (i.e total gross revenue doesn’t exceed HKD 500,000) are exempt from audit necessities and might file unaudited accounts.
The commerce creditors (and more and more as of late the credit score insurers similar to Trade Indemnity Plc or Euler Hermes), who will have an present curiosity in respect of the extent of credit they already have in danger and an curiosity within the level of business they can do in future with you. The levels of assist by means of credit lines which they’re prepared to allow the enterprise in future will probably be very important for managing the buying and selling money flows.
They are decisive and may make choices.
What information ought to I be accumulating? The rule of thumb is the much less data you ask for, the extra seemingly it’s that your readers will provide you with that information. You will have at least a first title and e-mail. You can ask for extra information such as a telephone number or deal with, however, you might be decreasing the probability of completion of the form. Needless to say as you build a relationship with the reader you can ask them for more data …