Chinese tax authorities require all enterprises to complete a tax filing on a monthly basis (quarterly for representative offices), failure to do so may result in late interest penalties and fines. You may also be required by your headquarters’ management to update them on how well your business is going in China. To timely provide fairly presented financial statements may therefore be critical for the smooth operation of your business.
You may find it beneficial to outsource your financial accounting function at the beginning stages of your business. You will need access to local expertise from the very beginning and avoid any unnecessary corrective costs. We can help you set up standardized working procedures, integrate finance functions to your business infrastructure, and coach your business and future finance team at a cost-effective way.
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With the development of your business, if you deem it necessary to build up your in-house finance function, we can help you design the most appropriate structure, set up internal control procedures, hire suitable staff, and provide training for your entire finance team to ensure a smooth transfer from our professional team to your team.
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