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2012年12月12日星期三

An Internet Business Nike Mag for sale. - lebron 10

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2012年12月11日星期二

Hong Kong Company Incorporation - nike free run

Emerging marketsSome of the biggest economic growth rates lie in Asia Air Jordan for sale. China, which has recently become the worlds 3rd largest economy, has had annual economic growth averaging 9% for many years. Of the G-20 nations, India has the second highest GDP growth rate (following China) air yeezy 2 for sale.Aidan Healy, managing director of Singapore-based Healy Consultants, agrees that incorporating a company in Asian markets including China, India, Singapore and Hong Kong provide immense opportunity for entrepreneurs, but while regulations and bureaucracy are easing, much still needs to be addressed. "The business cultures and legal frameworks are hugely different in emerging markets Luxe boots sale. In some cases company incorporation is still a cumbersome procedure which requires expert knowledge," he explains. These factors clearly work to the advantage of Singapore incorporation and Hong Kong incorporation lebron 10. Hong Kong is a natural gateway into China, while Singapore is busy promoting itself as the regional hub of choice. Both economies consistently rank as the world's freest. In its 2009 Index of Economic Freedom, US-based The Heritage Foundation places Hong Kong and Singapore as first and second in terms of economic freedom. Hong Kong has a record of openness to global trade and investment. While Singapore has a relatively small economy, its openness to international business and investment means undertaking Singapore incorporation gives access to one of the worlds most competitive economies.The report praises the two city-states' policies on inward foreign investment. "Singapore is a world leader in most facets of economic freedom. Regulations are straightforward, virtually all commercial operations are performed with transparency and speed, and corruption is almost nonexistent, it explains.According to Singapore's Economic Development Board, the government agency tasked with attracting overseas businesses to incorporate in Singapore, the country ranks highly in miscellaneous global surveys.The World Economic Forums Global Competitiveness Report 2008-2009 ranked Singapore as the fifth-most competitive economy in the world and the most competitive in Asia.In another global report, the World Bank's Doing Business 2008 Survey, Singapore is listed as the world's easiest place to do business. Factors considered in the survey include company incorporation procedures, time, cost and the minimum capital required for Singapore company formation.Illustrating the benefits of Hong Kong company incorporation, the Heritage report says, " The small island is one of the world's leading financial centers, and regulation of banking and financial services is transparent and efficient."Both Hong Kong and Singapore have extremely competitive tax systems. Whether considering personal or corporate implications, the tax burden is low in both markets.Singapore company incorporation and Hong Kong company incorporation appeal to investors and entrepreneurs looking for a reputable tax-efficient corporate vehicle to conduct international business."Everyone wants to be in Asia at the moment. It's fashionable, and profitable," Healy says.Tax haven stigmaAnother key factor in the capital shift has been the increased attention from Governments directed at the practice of using tax havens to evade tax obligations. Not long ago, Switzerland was the world's quintessential private banking center. And although in some eyes it still is - after all, its banks still hold an estimated 30% of global offshore assets - its mantle is rapidly being taken over by the likes of Singapore and Hong Kong.What caused this eastward transition A major factor is this clampdown on tax evasion and money laundering by the European Union and Organization for Economic Cooperation and Development, which have been applying ever more pressure on traditional tax havens, to disclose information about their account holders. The importance of this issue is illustrated by the fact it was part of the agenda during the G-20 summit in April.The OECD has praised Singapore and Hong Kong for recent concessions on tax evasion. Singapore will endorse the OECD standard to assist with effective exchange of information. Hong Kong will also make amendments to its tax laws.Following the OECD standards for exchange of financial information should not be the end of banking privacy nor should it have a negative impact on Singapore or Hong Kongs reputation as an efficient jurisdiction for company incorporation. Avoiding the tax-haven

2012年12月9日星期日

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2012年12月7日星期五

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2012年12月6日星期四

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2012年12月5日星期三

Are You Qualified For A Home Loan Refinance? - lebron 10

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2012年11月28日星期三

Bookkeepers And Accountants Choose Double Entry Bookkeeping For Accuracy - Womens Griffey Shoes

The simplest way to understand double entry bookkeeping is the understanding that every financial transaction has a double effect Nike Air Griffey Max GD II. One effect is to change the profit and loss of the business with sales income increasing the financial profit and purchases reducing the financial profit. While the double entry is that every profit and loss transactions also has a balance sheet effect in either increasing assets or increasing liabilities Nike Air Griffey Max Fury 2012.In more complex accounting areas such as journal entries or bank transactions both sides of a transaction may have no impact on the profit and loss account as both sides of the double entry effect the value of balances in the balance sheet. For example when a creditor is paid the bank balance reduces and the amount owed by the business reduces by the same amount Boys Ken Griffey Shoes.The greatest value of double entry bookkeeping to a business is its ability to show in numerical terms the profitability of the business to generate improved financial performance and management while also producing a statement of assets and liabilities. These factors are important to accountants too although the greatest benefit to an accountant is that because every transaction has an equal and opposite entry a mathematical check can be produced to ensure all financial transactions have been recorded accurately Air Griffey Max 2.This mathematical balance is when all the financial accounts into which the financial transactions have been entered are listed and added up and if all transactions have been entered correctly the total is zero. This is called the trial balance.The function of accounts clerks and bookkeeper is to record the prime documents such as sales invoices and purchase invoices into the financial ledgers. Cash and bank records must also be entered. And for every entry made there must also be the opposite entry into the business financial ledgers such as sales ledger, purchase ledger and bank.Accounting software is basically a database of these financial transactions that automates the double entry enabling a single transaction to be entered once by the user but create the second entry in the company financial accounts. Using accounting software which all but the smallest companies adopt as a standard business tool ensures greater accuracy and usually produces a self balancing trial balance since the accounting software always produces a second equal entry to the one being input to the financial system.The task of an accountant is first of all to ensure the prime documents are entered accurately and then interpret the results produced by the trial balance into financial statements and reports in a format that aids the financial management of the business and ensure those financial figures also represent a true and fair view of the financial position.Limited companies must produce a balance sheet under various financial acts and submit the balance sheet to both Companies House and the tax authority each year. Different rules apply to a limited company as opposed to self employed business because the accounts including the balance sheet are public records available to the members of that company and not necessarily the property of a single individual or partnership.Self employed business in the UK are not compulsory required to produce a balance sheet and consequently may choose to operate a single entry bookkeeping system rather than double entry.