As a China-focused accounting and tax advisory firm, CBC-Primasia has many years of practical China experience. And this is what foreign companies need in a country whose accounting rules often differ from those in other places. You can have years of experience, but a well thought-out organization is just as important. . It is exactly this combination that offers you the guarantee of Independence, objectivity, impartiality, professional competence and due professional attention, keeping business secrets for your business activities and provide a proactive approach. We have sound financial management methods, professional team and external cooperation with professional organizations, also help you get the right accounting treatment, internal and external financial tax risk control etc.
If you have a new company to run , our service will start to provide with the below services:
a) Monthly/quarterly account charts elaboration
1. Initial account setting. (set up completely new accounting account for company)
2. Tax reporting (tax registration must be completed within 30 days after obtaining the business license)
3. Monthly bookkeeping (preparing bookkeeping vouchers, account balance statement, statement of profit and loss, registration books, inventory account books, etc.)
4. Monthly tax return (complete tax return and report to tax authorities on a monthly basis)
5. Monthly financial statements (including balance sheet, profit and loss statement, cash flow statement , inventory check and reporting , etc.)
6. Printing and binding user vouchers, statements and account books every month
b) Monthly statistical statement declaration
In addition to daily tax returns and accounting statements, you will also have many different government departments to report and submit statistical statements. If the company does not submit in time, it will encounter a lot of trouble at the end of the year, and lose the chance when applying for relevant preferential policies. We have been keeping track of the new policies in each district or area and keeping in touch with the responsible departments. So you don’t worry we will handle it for you on time and always keep you on informed.
c) Annual account charts elaboration and annual income settlement
Annual closing of accounts is usually a headache for enterprise accounting, especially for the parent company in different countries and regions. You can get a hint in advance through our service, so as to minimize the risk of post-period adjustment and audit reservations.
d) Assisting the audit with external accounting firm
Do you often have trouble with different national audit standards? For example, the parent company use IFRS or US GAAP and Chinese company use Chinese GAAP, etc. The same accounting matters but without the same accounting standard needing to revise repeatedly result in more works. This would even cause unnecessary tax losses and also poor accounting records
Our service can help you to minimize these troubles and let you have a plan in advance.
e) Financial analysis and other consultancy
For your enterprise a year of funding activities, investment activities, business activities, distribution activities and other input personalized one-to-one consulting and analysis. CBC-Primasia will give you a clearer picture of the year's business results.