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.
Many people think that being a boss is all about instructing others to do things every day, but the truth is boss has to manage all the things by himself/herself. And does the “self-employed” boss need to pay? Isn’t it just move the money from left hand to right hand? Wait, bosses, pay attention! You as a director of the company, every time you pay out is not only “meaning”, but has practical significance. Make good use of personal allowances and save money when you know how to earn!
