Our range of consulting will start with guidance in terms of business aspects to detailed aspects of their activities as tax purposes. From Business plan to Budget, we guide CEOs on their number’s structuration and righteousness with the local environment and market.
Based on the actual business, we perform internal audits on the accounting team for companies, who have an accounting team in China and where the difference of practice between accountants can put the company at risk. We prepare also internal audits on Human resources in terms of Personal Income Tax, social declarations, and so on.
In case that your finance numbers appear to be incorrect, your staff expenses or external services provider’ reimbursement seems to be high, we provide analysis and guidance for the management team or we perform an outside analysis.
We issue analysis of PRC GAAP accounting statements to avoid any discrepancies with the local regulations. Regulations are always evolving fast in China and an independent accountant is not always up to date to new rules, this represents a latent risk factor for your business.
At a headquarter level we perform fiscal analysis of the different flow of the company in one country or between several countries to maximize the tax structure scheme. Thanks to our international exposure we also work on transfer pricing analysis for our customers.
Internal auditing is an independent and objective activity that provides a company with a guarantee of its control and operational rigor, gives it advice on how to improve them, and contributes to creating added value.
It helps the company to achieve its objectives by methodically evaluating its risk management, control, and corporate governance processes. The audit will indicate proposals to strengthen and improve these processes. Processes specific to the Chinese market are to be applied in order to achieve the optimization of your employees’ time and the productivity of your company.
Many local authorities are developing towards the direction of big data. With the rapid development of China’s economic environment, human resource management has become more and more important in the tax sector, which has received more and more attention from China’s tax authorities.
The employer should have an idea of the salary structure of employees and keep follow up of all new policies and articles of each local authority, such as tax authorities and social security bureau, etc. As such, an external HR supporter can help the employer to organize all needed information more efficiently and systematically.
With a methodology (or a mix of methodologies) in place, the corporation can determine a strategy to collect, analyze, and report transfer pricing data. For example, whichever method a company selects, there must be a profit elimination step as part of the consolidation process to remove the effects of such sales from the consolidated financial statements.
Determining the best transfer pricing method is the best approach for implementing a solution that will not only meet regulatory needs but also provide great insight and business benefits. It’s not an easy process but transfer pricing can deliver a structural efficiency and even business advantage.