A number of my offshore clients were curious as to the extent of their tax liability when it comes to doing services for people outside of Hong Kong. Here is an example; one of my client is a non-permanent resident in Hong Kong. He is planning to provide consultation services...
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Rounding Off Numbers
In our everyday life, it is common for us to round off numbers. For example, I bought a mini bag that was worth $99.90, and the cash I gave to the cashier was $100.00. I walked off the store not expecting to given a change anymore knowing that $0.10 was...
Are Personal Assets to be Included in the Company’s Balance Sheet?
Company owners do have their fair share of assets. These may be the result of the company’s profitability or acquired before the formation of the business. These assets can be in large quantities or in small ones. Whatever the case may be, questions still arise whether the owners’ personal assets...
Profit Distribution
One of the best practices of a company is the sharing of dividends or the distribution of a capital. It is great knowing that the profit can be enjoyed by all parties. Here is an example of a proper liquidation. I have a client manages a limited company in Singapore....
Personal Debit Card Its Legitimacy as a Third Party Account in a Company
Some would wonder whether a personal debit card can be used as an account in a company. In this case, a client’s limited company, formed under the Republic of Singapore, has only one person holding the position of both director and shareholder. In this case he would like to know...