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Michael Chan - Bida & Co.

Mar 14

Certified True Copy

A Certified True Copy is a document copy that is signed and authenticated by a legally authorized institution or individual to verify the...

Deregistration, Striking Off and Winding Up conditions and differnce

Michael Chan - Bida & Co.

Sep 15, 2023

Deregistration, Striking Off and Winding Up conditions and differnce

The company must meet the following conditions before making an application for deregistration: all the members of the company agree to...

How much restriction is there on company names in unlimited company

Michael Chan - Bida & Co.

Mar 22, 2023

How much restriction is there on company names in unlimited company

When registering your business, you have the option to choose a business name. You can choose one of the following three options: (a)...

Pros and cons of a sole proprietorship and partnership:

Michael Chan - Bida & Co.

Mar 21, 2023

Pros and cons of a sole proprietorship and partnership:

Pros: Easy to set up: A sole proprietorship only requires one person to start and the process of setting it up is relatively simple....

Comparison between sole proprietorships and partnerships

Michael Chan - Bida & Co.

Mar 10, 2023

Comparison between sole proprietorships and partnerships

A sole proprietorship is a type of business owned and operated by a single person. The owner of a sole proprietorship is responsible for...

Notification of Changes to Business Registration Information

Michael Chan - Bida & Co.

Mar 9, 2023

Notification of Changes to Business Registration Information

Business Registration and incorporation under the one-stop company registration and business registration system require companies to...

Michael Chan - Bida & Co.

Mar 7, 2023

Approved charitable donations

Approved charitable donations You can apply for deduction of donations made to charitable organizations that are exempt from tax under...

Michael Chan - Bida & Co.

Mar 6, 2023

Business registration fees

Business registration fees are one of the mandatory fees that all businesses must pay when setting up and conducting commercial...

Companies Registry releases statistics for 2022

Michael Chan - Bida & Co.

Feb 28, 2023

Companies Registry releases statistics for 2022

According to the latest statistics released by the Companies Registry, the total number of newly established local companies in Hong Kong...

Reducing profits tax, salaries tax & tax under personal assessment for the year of assessment 22/23

Michael Chan - Bida & Co.

Feb 23, 2023

Reducing profits tax, salaries tax & tax under personal assessment for the year of assessment 22/23

The Financial Secretary has suggested a one-time reduction in profits tax, salaries tax, and personal assessment tax for the 2022/23...

Michael Chan - Bida & Co.

Feb 23, 2023

Types of Tax Returns

The types of tax returns in Hong Kong are: - Tax Return – Individuals (BIR60) - Property Tax Return (BIR57 or BIR58) - ...

Michael Chan - Bida & Co.

Feb 23, 2023

What is Property Tax?

Property Tax is payable by the owners by the year of assessment on “net assessable value”(NAV) at the standard rate. The year of...

Comparison between cloud accounting and traditional accounting

Michael Chan - Bida & Co.

Feb 22, 2023

Comparison between cloud accounting and traditional accounting

Data storage: Traditional accounting often involves storing financial data on paper or using computer software, while cloud accounting...

Why online accounting is good for business

Michael Chan - Bida & Co.

Feb 22, 2023

Why online accounting is good for business

Online accounting is becoming increasingly popular among businesses of all sizes due to the many benefits it offers. Here are some of the...

Michael Chan - Bida & Co.

Feb 22, 2023

Benefits of Xero

There are many benefits of using Xero accounting software for small businesses and accountants. Here are some of the main benefits: Easy...

Michael Chan - Bida & Co.

Feb 17, 2023

KEY featureS for XERO

Xero is a cloud-based accounting software that provides small businesses and their advisors with real-time access to financial data. Xero...

XERO Cloud accounting vs traditional accounting

Michael Chan - Bida & Co.

Feb 17, 2023

XERO Cloud accounting vs traditional accounting

XERO Cloud Accounting: 1. XERO Uses cloud-based software to manage financial transactions. 2. XERO provides real-time access to financial...

Why XERO cloud accounting is good for business

Michael Chan - Bida & Co.

Feb 17, 2023

Why XERO cloud accounting is good for business

Michael Chan - Bida & Co.

Feb 14, 2023

Two-tiered Profits Tax Rates Regime

On March 29, 2018, the Inland Revenue (Amendment) (No. 3) Ordinance 2018 became law. With effect from the year of assessment 2018/19, the...

Michael Chan - Bida & Co.

Feb 12, 2023

Joint Assessment for Married Couples

Should I choose Separate or Joint Tax Assessment?

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