The Business Enablers

Transcription

1 The Business Enablers Australia

2 1 About Tricor 2 About Tricor Chew 3 About Australia 4 Tricor Chew Approach 5 Accounting Services 6 Outsourced Payroll Solution 7 Corporate Secretarial Services 8 Tax Services 10 Illustrative Clients 12 Tricor Offices

3 Tricor Group (Tricor), a member of The Bank of East Asia Group, is a global provider of integrated Business, Corporate and Investor Services. As a business enabler, Tricor provides outsourced expertise that allows our clients to concentrate on what they do best Building Business. About Tricor Tricor comprises Tricor Holdings Limited, subsidiaries and associated companies, with a staff strength of over 2,000 and a network of offices in 37 cities across 20 countries / territories. Tricor offices are located in Hong Kong (Head Office), Mainland China and Macau, Australia, Barbados, British Virgin Islands, Brunei, Cayman Islands, Dubai UAE, India, Indonesia, Ireland, Japan, Korea, Labuan, Malaysia, Singapore, Thailand, the United Kingdom and Vietnam. In most of the countries / territories in which Tricor operates, our professional specialists provide a comprehensive range of services including the following: Business Advisory; Entity Formation; Corporate Governance, Corporate Administration & Secretarial; Trust & Fiduciary Services; Accounting & Financial Reporting; Payroll, Payment & Treasury Administration; Services for New Issues / Initial Public Offerings & Registry Management; Tax Services; China Entry & Consulting; Executive Search; Management Consulting; Human Resource Consulting; Fund Administration. Tricor Group's client portfolio includes over 1,000 companies listed on the Hong Kong Stock Exchange, more than 500 companies listed in Singapore and Malaysia, a significant number of Fortune 500 companies, as well as a considerable share of multinationals and private enterprises operating across international markets. Tricor's mission is to be the Business Enabler of Choice. TRICOR CHEW PTY LIMITED 1

4 About Tricor Chew Tricor Chew Pty Limited (Tricor Chew) is a joint venture between Tricor Services Limited in Hong Kong and Chew Investment Partners Pty Limited in Australia. Chew Investment Partners Pty Limited (CIP) is a professional business advisor, providing in-bound and out-bound business advisory, management consulting, transaction and corporate services. CIP has in-depth professional experience in the accounting, tax and advisory fields. As a specialist business advisor, CIP takes a proactive role in all stages of the business life cycle, thereby ensuring a deeper understanding of clients business to reduce business risk, improve business performance, develop ongoing business strategies and provide comprehensive financial analysis. Tricor Chew leverages the strong capabilities of both Tricor and CIP to provide value-added services to our mutual clients. 2 TRICOR CHEW PTY LIMITED

5 About Australia The Australia Business Environment Australia s attractiveness as a location for investors and business operators is the result of its strong economy, sophisticated and stable business and political environment, and its highly skilled and multilingual workforce. Doing business in Australia carries certain responsibilities and challenges as a result of constantly changing regulatory complexities and compliance requirements. Companies need to consider the appropriate compliance functions / processes that should be kept in-house versus potentially outsourced. A range of factors such as regulatory complexity, talent shortage and the need to reduce operating costs should be carefully considered. Outsourcing local accounting, tax compliance and corporate services will provide a company with: Greater control over local compliance reducing risk of failure to be compliant Capability to focus on the organization's core activities driving growth and improving margins Key points of contact to help manage and control local compliance reducing management time and resources A flexible controllable cost over local compliance compliance costs are known and controlled An integrated solution, without the hassle of coordinating the services mitigating the risk of non-compliance Our Approach to Outsourcing Our compliance services approach establishes a core team as a single point of contact to manage the overall relationship and services. The core team can help ensure processes and procedures are put in place to ensure risk is managed and the bottom line optimized. In this way we can assist your company in effectively leveraging a unified process that provides scalability and sustainability. We understand the value of customer service and pride ourselves on the accuracy and efficiency of our work. TRICOR CHEW PTY LIMITED 3

6 Tricor Chew offers foreign companies looking at setting up in Australia the option of freeing themselves entirely from the burden of accounting, tax and regulatory compliance by offering them services in Accounting, Payroll, Company Secretarial and Tax Compliance. Tricor Chew Approach Most start-up companies in Australia, irrespective of their size, face significant challenges in their attempts to remain compliant on the accounting and regulatory fronts. In Australia, it is mandatory for even small proprietary companies to have a statutory audit under the Corporations Act if requested by the directors and/or the Australian Securities Investment Commission (ASIC), besides mandatory filing of income tax returns and a plethora of other regulations to comply with. It is not always possible to have an in-house team of experts to ensure compliance on these varied fronts. While being an expensive proposition, both in terms of money and time spent in coordination, it does not always ensure compliance. Tricor Chew offers a single point of contact for clients ensuring seamless services and hassle-free coordination. We strive to assist our clients to invest and operate easily in and beyond their home markets, by providing universal business services that allow them to focus on their core competencies, products and services. Based in Australia, our independent experts understand the local market and all its associated legal, financial and regulatory compliance requirements. With our in-depth and detailed local knowledge, we can deliver the most appropriate services in a timely manner. 4 TRICOR CHEW PTY LIMITED

7 Accounting Services Tricor Chew provides comprehensive accounting services to a number of domestic and international groups including subsidiaries of international companies in Australia. Our team of experienced professionals is qualified to take on all accounts-related functions, providing an integrated service that eases the burden of day-to-day decision-making. We have deep experience in local accounting standards, including IFRS / IAS and US GAAP. Our accounting services include the following: Bookkeeping Management reporting Preparation of quarterly, half-year and year-end financial statements Reporting to parent companies Technical accounting advice Educating users on how to understand their financial statements We can relieve you and your staff of the enormous burden by taking care of all your bookkeeping and accounting needs. Monthly / quarterly business activity statement (BAS) lodgements TRICOR CHEW PTY LIMTED 5

8 Outsourced Payroll Solution With ever changing regulations and legislation, more and more companies in Australia now recognize the significant advantages of outsourcing their payroll. More importantly, the confidentiality of payroll data is critical. Besides offering redundant backup and multiple server locations, continuous investment in state-of-the-art systems for storing and protecting data is essential, simply because it is part of the services provided to clients. Our outsourced payroll services include the following: Online payroll software Processing of salaries (Gross and Net Pay) Calculation of tax deductions and other compliance issues Payment to employees either by the employer or Tricor Chew Compiling of year-end tax reports and payment summaries (group certificates) at year end Electronic submissions of Tax File Numbers to the Australian Taxation Office (ATO) Compliance with taxation legislation and calculation of payroll tax obligation All work is handled by professional, qualified staff and dealt with in strict confidence. Generating payslips and reports 6 TRICOR CHEW PTY LIMITED

9 Corporate Secretarial Services Conducting business in a foreign country can be a daunting task and efficient secretarial services are essential for surmounting the multitude of management tasks. Tricor Chew offers dependable corporate secretarial services to domestic and foreign investors who have set up business in Australia. Our corporate secretarial services include the following: General advice on company law and the latest amendments Maintaining statutory books and registers Business name registration and maintenance Preparation and lodgement of annual returns Electronic lodgement of ASIC returns Appointment and resignation of officeholders Registered office / correspondence address Provision of nominee director, nominee company secretary and public officer Our corporate secretarial team assists our clients and their officers to fulfil their statutory obligations in an efficient manner. TRICOR CHEW PTY LIMITED 7

10 Tax Services Tricor Chew brings together a team of experts on various aspects of tax and regulatory compliance. Our specialists are well versed in identifying, addressing and optimizing the key issues and opportunities faced by participants in services, manufacturing, resources and infrastructure industries, along with the identification of strategies to reduce compliance risk without burdening the client with excessive regulations. The advantages of such an integrated service are many. Besides reduced compliance risk, clients also benefit from cost savings in reduced management time, reduced litigation expenditure and peace of mind. Our tax services include the following: Income tax compliance ongoing income tax compliance and meeting reporting obligations such as GST compliance, annual income tax returns, fringe benefit tax returns along with the preparation of tax effect accounting work papers for the purposes of statutory reporting Income tax structuring tax structuring services such as the analysis of alternative investment vehicles, repatriation and exit strategies, resulting in significantly improved financial outcomes and closing of deals / transactions Due diligence financial, tax and technical due diligence Tax effective funding advice on various tax effective funding mechanisms in Australia that can reduce the overall cost of funds for sizable investments and provide for the borrowing of larger amounts We assist clients in proactively managing costs and employee resources, eliminating manual processes, minimizing overpayments and errors on returns, and reducing the risk and the likelihood of notices and penalties. 8 TRICOR CHEW PTY LIMITED

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12 Illustrative Clients Tricor Group's client portfolio includes over 1,000 companies listed on the Hong Kong Stock Exchange, more than 500 companies listed in Singapore and Malaysia, a significant number of Fortune 500 companies, as well as a considerable share of multinationals and private enterprises operating across international markets. 10 TRICOR CHEW PTY LIMITED

13 (Company logos displayed are reproduced by courtesy of our clients.) TRICOR CHEW PTY LIMITED 11

14 Our Global Reach CHINA and HONG KONG (HEAD OFFICE) HONG KONG Tricor Services Limited MAINLAND CHINA Tricor Consultancy (Beijing) Limited MACAU Tricor Services (Macau) Limited OTHER OFFICES AUSTRALIA Tricor Chew Pty Limited BARBADOS Tricor Caribbean Limited Caribbean Corporate Services Limited BRITISH VIRGIN ISLANDS Tricor Services (BVI) Limited BRUNEI Tricor (B) Sdn Bhd CAYMAN ISLANDS Tricor Services (Cayman Islands) Limited DUBAI UAE Tricor Praesidium Limited INDIA SKP Tricor Corporate Services Pvt Ltd

15 AUSTRALIA Brisbane Tricor Chew Pty Limited Level 11, 127 Creek Street, Brisbane, QLD 4000 Australia Tel: +61 (7) HONG KONG (HEAD OFFICE) Tricor Services Limited Level 54 Hopewell Centre 183 Queen s Road East Hong Kong Tel: (852) Fax: (852) info@hk.tricorglobal.com INDONESIA PT Amalgamated Tricor info@id.tricorglobal.com IRELAND MBSL Limited info@ie.tricorglobal.com JAPAN Tricor K.K. info@jp.tricorglobal.com KOREA International Outsourcing Inc. info@ioikorea.com LABUAN Tricor Trustco (Labuan) Limited info@my.tricorglobal.com MALAYSIA Tricor Services (Malaysia) Sdn Bhd info@my.tricorglobal.com SINGAPORE Tricor Singapore Pte Ltd info@sg.tricorglobal.com THAILAND Tricor Outsourcing (Thailand) Limited Tricor Executive Recruitment Limited info@th.tricorglobal.com UNITED KINGDOM Tricor Services Europe LLP info@uk.tricorglobal.com VIETNAM Tricor Vietnam Company Limited contact@tsvservices.com

16 The Business Enabler of Choice Issued July 2016 Copyright Tricor Services Limited. All rights reserved.