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Understanding Accounting Services in China

Operating a business in China comes with a unique set of challenges, especially in managing financial operations. The country’s...

Why Choosing an Accounting Firm in China is Crucial for Your Business Success

As one of the largest economies in the world, China offers significant opportunities for businesses looking to expand their operations....

Why Hiring a China Accountant is Essential for Business Success

Navigating the financial and regulatory complexities of operating in China requires expert guidance. Whether you’re setting up a new...

China's E-Fapiao Expansion

China has been progressively implementing a fully digitalized electronic invoicing system, known as e-fapiao, to modernize its tax...

Renegotiating Long-Term Commercial Contracts in China

In today’s economic climate, businesses operating in China face unique challenges that make profitability increasingly difficult. Rising...

China Releases Updated Rules and Negative List for Cross-border Data Transfers in Beijing Pilot Free Trade Zone

On August 30, 2024, the Beijing Municipal Internet Information Office, Beijing Municipal Commerce Bureau, and the Beijing Municipal...

Choosing the Right Currency for Your China Contract

When entering into contracts with suppliers in China, one crucial decision is selecting the appropriate currency for payments. This...

Navigating IFRS 18

The introduction of IFRS 18 has brought about significant changes that businesses must now incorporate into their financial reporting and...

A simple guide to Bookkeeping in China

Bookkeeping in China involves navigating a unique set of regulations and practices that differ from Western standards. Here’s an in-depth...

Comprehensive Guide to Bookkeeping Services for SMEs in China

In China's dynamic business environment, accurate financial record-keeping is crucial for the success of Small and Medium-sized...

Understanding Chinese Accounting Standards (CAS) for Foreign Companies

Foreign companies establishing a presence in China face unique considerations, particularly with the interpretation and understanding of...

Understanding the Role of a Company Secretary in China

A company secretary in China is integral to the administration and legal compliance of a business. This role ensures that the company's...

How Cost-Effective is Outsourcing Professional Services Like Bookkeeping in China?

Maintaining properly kept financial records is essential for any business—large or small. This is especially true if you want to ensure...

Developing profit repatriation strategies for your China Business

Are you Developing profit repatriation strategies for your China Business? One of the main concerns foreign investors have when deciding...

Implementing an Internal Control System for your China business

For many small to medium size companies it is difficult to implement an efficient internal control system for your China Business, to...

A corporate health check can ensure the longevity and success of your China business

How do you know if your China business is healthy, and its current operations comply with local tax laws and regulations? Doing a regular...

The secret behind the success or failure of the ERP system for your China business

In the fast-changing and highly competitive Chinese market, many foreign companies fail to achieve their goals simply because they...

Local idiosyncrasies in China to consider when creating an internal control system for your business

Though many foreign companies may feel it is easier to transplant their own internal control systems to their China business without...

The importance of keeping a clean balance sheet for your China business

Balance sheets are a fundamental financial report on which a business can be evaluated. Though they tend to receive less attention than...

Cultural differences to consider when analyzing financial management reports in China

Cultural differences and a unique business culture make analyzing financial management reports in China an area in which both experience...