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China Business Services Blog

Where foreign investors in China go to stay updated

April 27, 2017

Taxes in China Cut By $52 Billion USD

  On April 19th China approved a US$55.2 billion tax cut for both businesses and individuals, according to this statement by the Chinese State Council. This tax rollback is to encourage consumer spend...
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April 12, 2017

New Updated Government Grants for Startup Companies in Shenzhen

  The Shenzhen government has recently released details of an exciting new grants policy to encourage new startup companies in Hi-Tech, Green Technology, and Technology Consultation Services fields to...
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November 28, 2016

Need help with the basic structure for your Annual China Company Accounts Audit?

  Being compliant to the audit is crucial because the foreign investors can only see profits if the Chinese Tax Bureau is satisfied and your company is tax compliant.
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November 21, 2016

Why Preparing Your China Tax And Accounting Audit Early Is A Good Move

  "Be prepared," motto of the Scouting movement, and also Hongda's advice when it comes to being ready for the end of the Chinese tax year. If the annual China tax and accounting is on the 3oth April,...
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November 7, 2016

How to prepare accounts to sail through the China Accounting Audit

  With the annual audit coming up there are a few things to get in order before time runs out. This may seem overwhelming but take it as a health check of your company, where you can review and reflec...
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October 31, 2016

Don't fret about your China company annual audit

  Foreign invested enterprises(FIEs) in China, whether it is a Wholly Foreign Owned Enterprise (WFOE), Joint venture (JV), or a Representative office (RO) must by PRC Company Law and regulations by re...
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June 23, 2016

Hongda Business Services Roundup: 24 June 2016

  It's Friday and time for the last roundup for the month of June! It's been a very busy month as always for us and the year is definitely moving way too fast. In the spirit of bringing the month to a...
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June 19, 2016

China Accounting: Employee Taxes & Social Insurance You Should Pay

  Having opened your Chinese company you're now able to operate locally and start doing business here. That's great news, but foreign businesses also need to be aware of which China taxes they should ...
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March 29, 2016

China Accounting: Hong Kong CPAs May Audit Chinese Firms' Accounts

In mid 2015 China accounting changed. Beijing brought in new rules effectively 'banning' overseas CPAs (Certified Public Accountants) from auditing Chinese firms' books fo their annual accounting audi...
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March 22, 2016

China Accounting Work: Outsourcing vs. In-House?

How to Go About Your China Accounting Work? When it comes to the setting up and running of a business in China, there are so many different aspects that owners need to consider for their business to r...
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