

With the further opening up of China, PRC accounting and tax schemes have been changed significantly along with the globalization. In year 2007, the Ministry of Finance issued the latest PRC General Accepted Accounting Principles (GAAP) to erase many discrepancies between the old GAAP and Internal Accounting Standard (IAS). In year 2008, with the effectiveness of new Corporate Income Tax law, the two income tax schemes for domestic and foreign enterprises respectively have been integrated and the different treatments for theses enterprises have been abolished. These affairs, deeply changed accounting and tax requirements for all investments in China. All companies in China, have to spend more time in consideration of accounting and tax requirements and corresponding affections along with the business development.
Even the best profit generating companies, will be pushed into decline period in case of tax audit triggered by illegal business activities and non-compliance of accounting and tax requirements. Meshing Consultancy Services(MCS) is willing to be your best partner to handle these issues.
During the practical operating, many small and medium sized companies conclude that full time cashier and full time accountant cost a lot and create certain burden for operation. Meanwhile, as they might not be full occupied by works due to the limited work load, they might create negative impact to company culture. Furthermore, you may also have the following challenges when you try to find certain capable personnel for this regard:
For the purpose of solving these problems, Meshing Consultancy Services(MCS) formed special service team to provide accounting and tax compliance service. You may outsource this part of job to our professionals with cost effectiveness.