2015 Hong Kong IPO Guide – The Company Secretary, His Involvement in IPO Projects and His Role in Corporate Governance

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.

Boardroom Singapore Budget 2011 & Taxation Seminar Video

Site Map

Untitled