MANSONC Blog
#Easy.CompanyIncorporation #BVICompanyIncorporationFast #CompanyBankAccountOpeningFast
#WellTaxPlanning
Manson CPA
Mansoncblog
MansonCBlog
This blog is a channel for Manson to share his thoughts. The content is about his professional knowledge and experience, which he shares with entrepreneurs working hard on their businesses.
Manson is currently an accountant in Hong Kong, with nearly 20 years of experience. His services include company formation, bank account opening, accounting, auditing, and tax consulting.
Sharing
Entrepreneurship
Starting a business is a unique journey. Whether a company has one person or thousands, they often face similar experiences. There is no textbook on how to become a businessperson; people usually learn from successful individuals. What should we learn from successful bosses? Attitude, principles, industry choice, unique vision, team building, efficiency methods, social skills, or the philosophy of being quick and decisive? There are many areas to learn from. However, Manson focuses on "how to structure a company" to maximize its benefits, which is the ultimate goal in a capitalist society. In short, each country's laws (mainly tax laws) and trade partner regulations influence company decisions. A common example is where to set up a factory, often decided by tax reasons. The reason is simple: money.
Changes in International Trade and Business Environment
In the past ten years, new regulations have changed the game rules in international trade and business. The most notable tax-related changes are:
-
Tax Cuts and Jobs Act (TCJA, 2017) in the USA: Affects global trade and multinational companies' tax structures.
-
OECD's BEPS Plan (Base Erosion and Profit Shifting, 2013–present): Targets tax avoidance by multinational companies through international cooperation.
-
OECD's Global Minimum Tax (2021): Major reform of the global tax system.
Many small and medium-sized enterprise (SME) owners focus on local business and think these regulations do not affect them. While there may be no direct impact, there could be indirect effects.
Manson's Audience
Manson wants readers from outside Hong Kong to read his articles. Hong Kong has excelled in finance, international trade, and professional services (especially tax) in Asia over the past 30 years. He believes his articles may not be very valuable to them. However, he sees great economic potential in other Asian regions, especially India, Vietnam, the Philippines, and Indonesia. He hopes his experience and views can be valuable to businesspeople there and that they will spend 5-10 minutes reading his articles.
Contact Us
Address
29/F, United Centre, 95 Queensway, Admiralty, Hong Kong
Opening Hours
+852 5116 4889
Mon - Fri
10:00 am – 5:00 pm