Outsourcing of Accounting and Payroll Functions – The Solution to Value-Creating Activities

Outsourcing of Accounting and Payroll Functions – The Solution to Value-Creating Activities

Outsourcing of Accounting and Payroll Functions – The Solution to Value-Creating Activities

With continual changes in Financial Reporting Standards, coupled with the need to work within tighter deadlines to produce relevant and timely information, companies are increasingly looking to outsource their accounting and payroll functions to specialized service providers. This allows their in-house resources to focus on their core competencies, thereby unlocking the organisations´ business potential.

What are the typical accounting functions that a Company outsources?

  • Year-end preparation of Annual Statutory Accounts
  • Periodic Consolidation of Group Financial Statements
  • Interim Financial Management Solutions
  • Financial Process Review

How does a Company benefit from outsourcing these functions to Boardroom?

  • Gains instant access to operational expertise and best practices, backed by a 40-year track record
  • Provides a sustainable level of continuity and reduces the risk to operations in instances of high employee turnover or insufficient resources or skills internally
  • Achieves cost efficiencies through economies of scale, and by reducing recruitment and retention costs
  • Allows you to focus on your core competencies and activities

Contact us today for a non-obligatory discussion with our team of experienced accounting & payroll professionals.

Tax Compliance Review Programme

Tax Compliance Review Programme

Tax Compliance Review Programme

With the increased emphasis on compliance, coupled with rising business costs due to introduction of new legislations such as the Social Security Contribution law for expatriates in China, companies are turning to tax professionals for advice as they strive to achieve tax optimisation and efficiency amidst a changing landscape in China.

Boardroom´s Tax Compliance Review Programme will help to detect whether a company has fully complied with the tax filing requirements. The result of which is to provide comfort to the Management that the company’s tax compliance requirements are in order. We can also provide advice on the preventive measures that the Management can implement to mitigate the risks of potential non-compliance.

How does an entity benefit from a Tax Compliance Review?

  • Ensure the operations of the China entity comply with the relevant tax laws and regulations, tax treatments and appropriate tax administration process
  • Obtain suggestions to rectify non-compliance issues
  • Understand the potential consequences in relation to non-compliance practices for the period under review so as to facilitate the future corrective actions
  • Identify areas whereby the overall tax efficiency may be improved

A Tax Compliance Review would normally focus on the following types of China taxes:

  • Corporate Income Tax (“CIT”)
  • Value Added Tax (“VAT”)
  • Business Tax (“BT”)
  • Individual Income Tax (“IIT”)
  • Stamp Duty (“SD”)

Our tax planning and compliance advisory services, tailored to your business, can reduce potential tax risks and improve tax efficiency.

Contact us today for a non-obligatory discussion with our team of experienced tax professionals.

The Straits Times – Keeping the Capital Markets Running

Hong Kong Corporate Governance Excellence Awards

Hong Kong Corporate Governance Excellence Awards

Hong Kong Corporate Governance Excellence Awards
Conrad Hong Kong, Ballroom

8 December 2011

The Hong Kong Corporate Governance Excellence Awards, inaugurated in 2007, are conferred annually by the Chamber of Hong Kong Listed Companies and the Centre for Corporate Governance and Financial Policy, Hong Kong Baptist University and are designed to foster the highest standards in corporate governance of listed companies in Hong Kong.

The winners of the Awards were honoured at an Award Gala Dinner in recognition of their exemplary standards of governance and commitment to uphold company values and stakeholders’ rights. This high profile event saw an impressive congregation of some of Hong Kong’s most influential and powerful business minds.

Boardroom HK was the Gold Sponsor for this prestigious event.

The CFO Innovation Hong Kong Forum

The CFO Innovation Hong Kong Forum

The CFO Innovation Hong Kong Forum
The Mira Hong Kong, Ballroom 18/F

26 October 2011

8.30am – 5.00pm

Boardroom was one of the exhibitors at the CFO Innovation Hong Kong Forum which was well received by the attendees comprising mainly CFOs, Financial Controllers, Corporate Treasurers, Finance Directors and other finance professionals from throughout Asia.

The 2011 forum in Hong Kong addressed key issues including:

  • Expansion, M&A strategies and risk management in a volatile global economy
  • Innovations in financial management in inflationary Asia
  • CFO challenges and prospects in China and other emerging markets
  • Developing and retaining financial talent – and the CFO’s own personal development

Delegates were able to benefit from the forum as they participated actively in discussions with keynote speakers and CFOs from some of the top organisations within Asia, and leveraged on the opportunity to network with peers from various industries.

For more information on how Boardroom can assist you in your financial and corporate requirements, please contact us at +852 2598 5234 ormarketing.hk@boardroomlimited.com .

Boardroom Launches Share Registration Service In Hong Kong

Boardroom Launches Share Registration Service In Hong Kong

Boardroom Launches Share Registration Service In Hong Kong
The Hong Kong Bankers Club, 43/F, Gloucester Tower, 11 Pedder Street, The Landmark, Central, Hong Kong

22 June 2011
5:30 pm - 8:00 pm

Boardroom, Singapore’s largest share registration service provider, launched our share registration service in Hong Kong on Wednesday, 22 June 2011. The launch cocktail party was graced by over 65 corporate guests from the legal and financial industries.

Our wholly-owned subsidiary, Boardroom Share Registrars (HK) Limited was admitted as a member of the Federation of Share Registrars Hong Kong on 20 April 2011. Boardroom Share Registrars (HK) Limited is now an approved share registrar under the “Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited” and offers a full suite of share registration services in Hong Kong.

This milestone is an important one and it enhances our unique regional footprint to provide share registration services not only to our customers, but also to any company who wishes to tap the financial centres in the Asia Pacific. We are most excited, and strongly believe it will greatly enhance our smart business solution suite offering to both our existing and potential clients.

You may wish to visit our NEWS link for a quick reference to our press release.

If you wish to find out how your company can engage our share registration, and/or other services such as corporate secretarial, accounting and payroll, and tax advisory in Hong Kong, please refer to our detailed listing for more contact details of our Hong Kong team.

Boardroom Singapore Budget 2011 & Taxation Seminar Video

Boardroom LSC China Limited (BLC) eNewsletter – Tax Regulation Update eNewsletter (English)

Boardroom LSC China Limited (BLC) eNewsletter – Tax Regulation Update eNewsletter (Chinese)

Boardroom LSC China Limited (BLC) eNewsletter