Chinese AccountantsPosted by Grossman Pettersson on January 23rd, 2021 The United States is moving toward adopting IFRS but hasn’t committed to a time frame. The FASB and IASB are working on harmonizing the two accounting standards. For foreign companies with securities listed on a U.S. exchanges at the time of enactment of the Equitable Act, exchange rules must prohibit continued listing, beginning in 2025, if the PCAOB has been unable to inspect the company’s auditor in three consecutive years. In addition, foreign companies with securities listed on U.S. exchange would be required to disclose the percentage of company shares owned by governmental entities and the name of any official of the Chinese Communist Party who is a member of the board of directors. Our goal is to provide CPAs and other accounting professionals with the information and news to enable them to be successful accountants, managers, and executives in today's practice environments. On request it will accept planning engagements for business 报税截止时间 clients, but is extremely careful not to cross the lines that might affect its independence. SCPA places great emphasis on the quality of operation and service, the upholding of professional morality, and ceaseless expansion of service scope. In addition to the regular income tax return, you could also be required to file an informational return on your assets held in foreign bank accounts with the FBAR FinCEN 114 Form . However, you can request an extension until October 15th, when you’re an American working in China or elsewhere, for expat taxes. China may have different tax rates and other regulations, which will be noted below. As a major manufacturing hub, China is where many Americans find themselves relocating to for work purposes. With the incredible rate of growth in the last 25+ years, it is easy to see why people are investing their time and money in China. As a result, investors in China-based Issuers may not benefit from a regulatory environment that fosters effective enforcement of U.S. federal securities laws. We recognize that some of the risks and differences discussed below pertain to issuers operating in emerging markets or foreign private issuers more generally. However, we include these risks and differences because the limitations on U.S. regulatory oversight of China-based Issuers can magnify these risks and differences. Her career experiences have ranged from partnerships in boutique accounting firms in the South Bay and Westside to Vice-Presidency at Zdonek & Wolowicz Accountancy Corp. in Torrance. If the company subsequently retains an accounting firm that that PCAOB has inspected, the trading ban ends, but, if the company’s new auditor cannot be inspected during a particular year, the trading ban would be re-imposed for five years. This bill would also require an issuer to disclose whether it is state-owned or government-controlled. Tipalti automates the entire payment process, liberating you to focus on making a strategic impact. Cut the manual work and focus on revenue growth and cash flow management instead of back-office financial operations. His legal team works closely with the company’s management, corporate and government affairs leaders, strategy and planning group and the technology ventures business. Mr. Droog previously managed policy issues, supervised special projects for the Law Function, and worked on litigation and disputes for the company. Prior to joining Chevron, he practiced law primarily focused on domestic and international energy matters. After graduating summa cum laude from Pepperdine School of Law, Mr. Droog clerked in the United States Court of Appeals for the Fifth Circuit. Mr. Kean is responsible for developing and executing the company's vision and strategy and allocating capital to Kinder Morgan business units in a disciplined manner. He also coordinates the company's efforts to achieve operational excellence. He joined Kinder Morgan in 2002 and has held numerous senior management positions within the company, including Executive Vice President of Operations, President of Natural Gas Pipelines and President of Kinder Morgan, Inc. Don’t skimp on your due diligence when you are looking to make a great acquisition. Tie the prospective seller up with a strong NNN agreement so you can explore at your desired pace. We have put the kibosh on many China-related deals, and that is what this post is about, especially in this environment with financially distressed companies popping up all around thanks to the trade war and Covid. For ease of explanation and to camouflage the identities of those involved, I have amalgamated a bunch of them into one. This scenario is incredibly typical, including the retirement of the owner precipitating the need for the deal. In addition, he forecasts US natural gas supply and demand fundamentals, publishes white papers and thought leadership pieces, contributes content to Platts’ Gas Daily publication and supports the buildout of their global analytical arm. He specializes in the North American natural gas market but also has experience covering global LNG, crude oil, and natural gas liquids market dynamics. Over the past eight years, Mr. Jackson worked as a consultant on S&P Global Platts’ Consulting team, delivering customized, in-depth market analytic services and data to consulting clients. He is experienced in individual and small business taxation, holistic financial planning, as well as pensions and investments. Please consult a Chinese tax accountant as the rules for foreigners are complex. Opening an international office means asking complex questions about your company’s tolerance for legal risk, how the enterprise might be taxed and what compliance challenges it might face. Serving legal professionals in law firms, General Counsel offices and corporate legal departments with data-driven decision-making tools. We streamline legal and regulatory research, analysis, and workflows to drive value to organizations, ensuring more transparent, just and safe societies. Enabling tax and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes.Like it? Share it! More by this author |