Be doingHong Kong corporate auditIn the process of tax declaration, we often encounter the problem that the cost of customers in Hong Kong is larger than their income. This is definitely a big tax risk, because it lacks a reasonable business purpose.
      In the actual operation, normal transactions will generate profits. If the profits are negative, the tax bureau may consider that there is no reasonable business purpose, and then there will be a great tax risk.
      The reason for this may be that revenues and costs do not match properly in the current period. Customers need to sort out detailed transaction information, which income corresponds to which cost, whether the payments received in the collection period belong to the income of the current period, and whether the payments paid in the current period belong to the cost of the current period. Instead of simply recording the income according to the bank statement and paying the cost, detailed matching is required.
        Therefore, when the cost is greater than the income, the customers of the Hong Kong company can check in detail whether the cost is greater than the income and the cost can not reasonably match.

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.