SINOVEST CONSULTING

Finance & Tax AdvisoryEmpowering Your Financial Future with Expert Guidance and Tangible Results

 

  • Virtual CFO.
  • Tax planning and advisory.
  • IP & Trademark.

Virtual CFO

Effectual financial management is vital for every company in order to meet its expectations. It is not only a business with sound financial management more likely to be profitable but also easier to manage and better equipped to take on new challenges. We make sure your business is prepared for ever-changing market conditions, greater demand for transparency, and new regulatory challenges through a range of accounting, reporting, and analytics services.

We provide professional financial expertise to bring trust and transparency to financial reports and assist in better decision-making. Our Virtual CFO service is like having an interim CFO or part-time CFO that provides the most essential advisory services and is present during the critical moments in your business. With our more than 15 years of experience helping businesses manage the financial side of their business, we are both knowledgeable and resourceful when it comes to the problems businesses face. We are committed to providing cost-effective and reliable financial management outsourcing solutions to startups, mature businesses, and multinational organizations.

Tax advisory, planning & investigation

Corporate Tax Planning

Our tax advisors will examine transactions that your company is proposing and advise on the optimization from the China tax perspective, like restructuring your business models, making use of specific tax rules, and providing ways to minimize tax liabilities according to the tax law legally.

Individual Income Tax Planning

In individual income tax return preparation, we will identify the allowances and deductions in the most tax-efficient way. It includes:

  • Tax implications of all types on income and share incentives received
  • Structuring of remuneration packages
  • Advice on objections and appeals to individual income tax assessments

There are complex regional and national tax laws and regulations within China, which often vary between locations.  Employees that have been required to live away from their domestic country are also entitled to various benefits. Taking all this into account, the correct structuring of these benefits as part of a compensation package can result in significant tax savings. We can help employers and employees through the processes of the Tax Immigration & Investment Review process.  Our review includes:

  • Overseas Personal Income Tax Planning & Filing
  • IIT Tax Payment Facilitation
  • Application For Individual Income Tax Refund
  • Expatriate Staff Individual Income Tax Staff Filing
  • Local Staff Individual Income Tax
  • Company Taxation (CIT) filing

Tax Incentives Application

In China, there are many tax incentive policies issued very often. Years of experience, in-depth training, and the continual tracking of legislation ensure we are up-to-date regarding the rapid changes, and help the companies to apply the tax incentives.

Transfer Pricing

Where your company is involved in the import/export of goods and services from related parties, we will analyze the correct method of pricing your products and services and include a comparability analysis with other similar transactions in the market.

The Chinese government has adopted international practices to govern transfer pricing based on comparable uncontrolled transaction principles, such as the OECD and US methodologies. Using these as guides, Chinese regulations stipulate that inter-company transactions and transactions between ‘associated entities’ should be priced using “arm’s length principles”. Given the limitations with tax appeals in China, avoiding a tax dispute is critical and correctly documenting your transfer pricing strategies is becoming ever more important. We will advise on remaining compliant. 

Cash flow Forecasting

Cash flow forecasting involves estimating your future sales and expenses. A cash flow forecasting is a vital tool for your business because it will tell you if you’ll have enough cash to run the business or expand it. It will also show you when more cash is going out of the business than in.

Due to the foreign exchange control, the payment of the capital is limited by the amount of registered capital and the time consumption on the receipt of oversea payment. Considering this, cash flow forecasting for a foreign-invested company is more important. The foreign-invested companies shall carefully simulate the business and make a proper cash flow forecast.