Accounting & Outsourcing Services

At Mazars we are more than just accountants. We will not only draw up your annual accounts but also look at your overall finance administration. You can free up your time to concentrate on core business activities by outsourcing some of your day-to-day duties or more complex tasks.

In the mainland, this includes preparing the monthly accounts and reports that must be provided to the tax bureau and other authorities. In compliance with Chinese regulations, we prepare these documents in Chinese, taking into account the prescribed formats and other documentary requirements using fully registered and authorized accounting softwares.

In addition, we are able to provide you, with a monthly dashboard and a translation in English, of your ledgers, in order to ensure full transparency over your China operations, freeing your time and your mind to let you concentrate on managing them.

The continuing growth of world trade over recent years has led to greater centralization of operational functions within a business, and companies are creating commercial "hub" to drive these centralized functions.

As a typical example, increasingly, businesses are using Hong Kong as such a hub (or reinvoicing centre) to make use of its favorable distribution costs, convenient time zone (especially for trading with China and other Asia-Pacific countries), efficient banking system and its lack of exchange control.

As one of the world's leading international business centre, reinvoicing centre operating in Hong Kong also have strong commercial substance unrivalled by those based in other tax havens. If structured properly, companies can enjoy favourable tax concessions in Hong Kong.

Our professionals are experienced in international trade legislation and we provide comprehensive management and administrative support for tax efficient reinvoicing operations in Hong Kong.

Typical services include:

  • Handling letters of credits and shipping documents
  • Operating bank accounts
  • Tax planning
  • Effecting purchase orders
  • Issuing sales invoices
  • Comprehensive accounting and reporting services
  • Property rental agency

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Related publication

Accounting and outsourcing

Legal holidays 2014 in Mainland China

On 11 December 2013, the State Council announced the public holiday arrangements for 2014 – which are “social” arrangements made in order to lengthen the number of consecutive days of holiday and allow the employees to return to their home city.

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Managing global payroll across multiple countries can be challenging for many businesses. You may face different payment dates and deadlines, local rules and regulations, types of deductions, frequency of payments and a variety of reporting requirements. It can also be problematic and inefficient to use multiple local providers and hiring specialists in countries to service only a few employees.

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