Determining whether you are suitable for investment requires careful consideration.
Investing in stocks can yield gains or losses, and while some people profit greatly, others may lose their entire fortune.
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Dissecting the Misconceptions of Corporate Tax Reporting – Is Reporting “Losses” Really Saving Money and Time?
There is a misconception passed down by “predecessors” that if a company is losing money, it can report losses to the tax bureau and avoid tax, thus saving money and time. In fact, even if a company has no profit or even runs at a loss, it can still claim tax deductions.
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Fulfilling tax filing responsibilities you should know
Any business operating in Hong Kong needs to declare profits tax. Regardless of the company has earned profit or not, tax declaration is inevitable. Thinking that there is no need to file tax returns when the business is losing money, the company may incurred even more loss.
