The Benefits Of Outsourcing Your Accounting For Small Businesses

No matter whether you are a budding entrepreneur, an exciting new start-up, or a respected small business, it can be tough to keep on top of running your business. While it might not seem so difficult at the start, finance is often one of the most challenging aspects, particularly as you grow. 

Dealing with financial planning, cash flow, payroll, and other staffing issues can quickly become overwhelming, distracting you from focusing on what really matters. Here at T8 Corporate, we know how tough it can seem, which is why we’ve taken a closer look at the biggest benefits of outsourcing your accounting:

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Do you have a Company and need to leave Hong Kong?

We live in turbulent times and as a result many people are making the decision either to take a leave of absence from Hong Kong (two or three years working from their home countries or from a third country such as Singapore, Thailand, Malaysia or the Middle East) or leave permanently. If you own a private company limited by shares or have a property or other assets which are owned by a company structure, you will need to decide what to do with your company before you leave Hong Kong – and of course you will need to take other shareholders wishes into consideration. 

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Sole Proprietorship or Private Limited Company?

The choice you make for the type of company you are forming will largely shape the future of your business. So it’s crucial to choose wisely from the get-go.   We have outlined what you need to know.

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