Volume 5 Issue 6 June 1998
The Pacific Rim Group comprises Pacific Rim Ventures Ltd., Pacific Rim Asset Management Ltd., Pacific Rim Management Ltd., Pacific Rim Networks Ltd. and PRV Pacific Rim Investments (Canada) Limited. An international venture development company dedicated to providing Creative Solutions for Growing Companies, we provide market entry, business management, corporate finance and investment advisory services in Asia and North America.
accounting and
financial support
free your time to pursue strategic objectives
Corporate executives from small and large firms alike need solid financial data to make better business decisions. This information should be accurate, up-to-date, and readily available in formats that are flexible and easy to understand.
Since 1986, The Pacific Rim Group has provided accounting, financial advice and bookkeeping services to a range of small and medium sized companies in Hong Kong and Vancouver. Whether it’s detailed financial statements or cash flow analysis, we have the experience and skills to deliver savings and improvement to your business by taking care of your back office accounting functions. We also provide the analysis and guidance you require to move forward with confidence.
We offer a comprehensive range of accounting services including:
Outsourcing your accounting requirements gives you access to skilled financial staff and the quality control you require. While you streamline and maintain your accounting and financial systems, you also lower fixed overheads and decrease personnel costs. More importantly - your time is freed up to pursue vital strategic objectives.
The Pacific Rim Group is ideally located to facilitate your accounting and financial requirements, with offices in Hong Kong and Vancouver. Our versatile team of Western and Chinese professionals are fluent in English, Cantonese and Mandarin. Contact us at either office to discuss how we can support your growth in the Pacific Rim.
PRIME MINISTER HONOURS OUTSTANDING CANADIAN TEACHERS
William (Bill) Henderson, technology advisor to The Pacific Rim Group and its clients over the past several years, has received the 1997 Prime Minister's Award for Teaching Excellence. These annual awards recognize the achievements of elementary and secondary school teachers who are leading the way in preparing their students for the new, knowledge-based economy. A total of 72 teachers were selected from almost 300 nominations.
Bill, Head of Technology Education at Robert Bateman Secondary School in Abbotsford, has three attributes of a great teacher: vision -- he has the ability to foresee and take advantage of advances in technology and teaching strategies; commitment -- he is intent on helping his students develop to their fullest potential, and on contributing to the development of technology education province-wide; and a love of learning -- he regularly upgrades his skills and recently received his Masters Degree in Education.
Congratulations Bill, for your hard work and dedication.
Could Your Company Benefit From A
"Re-Invoicing" Arrangement?
Do you source products or services in one country and import them into another? If so, there may be many practical business reasons for establishing an overseas purchasing or procurement office.
In addition to the many sound business benefits of setting up such an office, there are also potential tax savings to be achieved by using a low tax jurisdiction such as Hong Kong to locate this establishment. It may be as simple as setting up a Hong Kong company that uses its expertise in negotiating and purchasing, to act as an intermediary between your suppliers and your home base company. The Hong Kong company can either purchase and resell - "re-invoice" - the goods or services to your home base company, or earn negotiating fees / commissions.
Careful planning and expert tax advice is of course required to ensure you do not run afoul of tax authorities. Pacific Rim can provide the expert advice you need to determine the benefits of, and to establish a "re-invoicing" arrangement for your company.
For additional information on off-shore incorporations or advice on re-invoicing, call Craig Lindsay in Vancouver at (604) 692-8987 or John Henderson in Hong Kong at (852) 2524-6078.
Best Wishes, Dickson
Dickson Hall has left The Pacific Rim Group to pursue other employment opportunities.
Our best wishes go out to Dickson as he pursues new opportunities.
USERWARE® Tip Of The Month
PRINT BEFORE YOU REPLY
Research has shown that we are more likely to react emotionally to e-mail messages that we read on the screen, as screens tend to stimulate the right side of the brain. On the other hand, we react more rationally to printed messages.
Therefore, experts advise that it is a good idea to print and read e-mails of a sensitive/controversial nature prior to replying. This will serve to reduce the likelihood of a knee-jerk reaction to what we may perceive as provocative or sensitive e-mails.