Start-up One Stop Outsourcing services
Who Are We
PLBiz Strategy provides not only accounting, audit, tax and company formation services, but also has wide range of start-up one-stop outsourcing services.
Our mission is also to be your reliable and valuable partner using our expertise to assist and accompany you to walk through every step to success.
What We Do
Obviously, start-up to Listing One-stop outsourcing services can save time and cost.
No matter you are planning to start up a company or for future business expansion? It is essential to establish accurate and compliant records. This will not only reduce operating costs during expansion, but it is also the key to success during business expansion.
It should be noted the following real examples about how inaccurate business records affect business plan
Case study 1
During the mergers and acquisitions due diligence, buyer side discovered there were improper accounting records. This may probably understated profits and tax payment. As a result, the buyer requested reducing purchase price.
Case study 2
During pre-IPO period, auditor found out due to insufficient information which misled an accounting staff on recording incomes from related companies to amount due to shareholders. Finally for compliance, the company reported to Inland Revenue Department and paid taxes and fines.
Case study 3
When performing IPO audit, a company was discovered most of inter-group balances couldn’t match each other.
In fact, the IPO were shelved even if the company hired a new dedicated staff to handle reconciliations. It is because companies had kept insufficient documents to support nature of inter-group transactions.
Under this situation, company not only needed to pay for extra staff cost, but also had to pay for partial works already done or to pay more for the extension.