Results: 35 user(s) and 1832 document(s)

16/06/2020page

May 2020 - Improving your impairment operating model

The Hong Kong economy has been operating amid strong external and domestic headwinds in recent years. Downside factors that forced Hong Kong into its first recession in a decade in 2019 include the initiation of the US-China Trade war in July 2018, the domestic social unrest surrounding the possible passage of an extradition law in Hong Kong starting from June 2019, and the global Covid-19 outbreak in January 2020.

16/06/2020page

Beyond the GAAP - May 2020

There is no doubt that the preparation of the 2020 interim accounts will be particularly difficult this year. Properly reflecting the impact of the COVID-19 crisis in the financial statements is certain to be the main subject of concern. Once again, this month’s COVID-19 supplement summarises the current issues to be taken into account, in particular the ESMA press release for listed entities.

09/06/2020page

Covid-19 and the world of Private Equity

In response to the Covid-19 pandemic, we have surveyed private equity firms and investors to understand the challenges, level of optimism and response strategies.

03/06/2020page

Reinsurers’ Financial Communication: 2019-2020 benchmark study

As the role of reinsurance is continuously expanding, Mazars has analysed the latest financial disclosures of the top 10 reinsurers worldwide providing a comparative view for a better understanding of their risk profile and strategy.

20/05/2020page

COVID-19 – Hong Kong Employment Support Scheme: Application Method and Penalty Mechanism

The Government had further announced the details on the application method and penalty mechanism for Employment Support Scheme (“ESS”) which will open for online application on 25 May 2020.

19/05/2020page

Doing Business in Australia

Australia boasts an established legal, political, financial and social system and has high vaccination rates, strong employment growth and high levels of consumer savings. This underpins global confidence in the Australian economy. Below is a snapshot of our comprehensive guide to doing business in Australia starting with 10 things to know when navigating through the legal, tax and accounting environment in Australia.

18/05/2020page

Doing Business in Australia

Australia boasts an established legal, political, financial and social system and has high vaccination rates, strong employment growth and high levels of consumer savings. This underpins global confidence in the Australian economy. Below is a snapshot of our comprehensive guide to doing business in Australia starting with 10 things to know when navigating through the legal, tax and accounting environment in Australia.

15/05/2020page

Beyond the GAAP - April 2020

As the COVID-19 epidemic continues to disrupt business, with significant impacts expected on 2020 financial statements, various stakeholders (most especially standard-setters) are working hard to respond to this unprecedented crisis (cf. issue no. 2 of our COVID-19 supplement).

13/05/2020page

How banks are responding to the financial risks of climate change

With sustainable finance expecting to be a crucial factor in the economic recovery in response to Covid-19 and regulators still encouraging banks to actively embed climate-related risks in their business operations and risk management frameworks, Mazars has analysed how 30 of the largest banks worldwide have been handling climate-related financial risks.

13/05/2020page

HKMA Support Measures and the Impact to the Banking Industry - Regulation Asia (13 May 2020)

Our Financial Services Director, Pierre Latrobe, discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat, in his article published on Regulation Asia on 13 May 2020.

12/05/2020page

COVID-19 – Application Details for Hong Kong Employment Support Scheme

Following our previous newsletter, application details to the Employment Support Scheme (“ESS”) were announced by Mrs Carrie Lam, Chief Executive of Hong Kong on 12 May 2020. Application period for the First Tranche of subsidy (covering June to August 2020) will last three weeks starting from 25 May 2020. The Government expects to release subsidies to employers before the end of June.

12/05/2020page

Taxing the Digital Economy - Britain in Hong Kong Magazine (May-June 2020)

Our Tax Executive Director, Anthony Tam, has published an article "Taxing the Digital Economy" in Britain in Hong Kong Magazine (May-June 2020).

04/05/2020page

Securing debt during Covid-19

04/05/2020 The world has significantly changed for businesses over the last couple of months. A key consideration which has emerged as a result of the Covid-19 crisis is cash flow management. Access to funding has become critical for many businesses in the short term and to ensure liquidity in the medium term for a post-Covid world.

29/04/2020page

April 2020 - OECD secretariat analysis of tax treaties and the impact of the COVID-19 crisis

The COVID-19 pandemic has forced governments to take unprecedented measures such as restricting travel and implementing strict quarantine requirements. As a result of these restrictions, many cross-border workers are unable to physically perform their duties in their country of employment. These employees would have to stay at their home country and work through telework, and could even be laid off because of the non-performance of duties.

24/04/2020page

Stephen Weatherseed featured in Hong Kong Business magazine (April 2020)

Stephen Weatherseed, our Managing Director, was featured in Hong Kong Business magazine April 2020 issue.

22/04/2020page

Business & Financial Sustainability program

The Business & Financial Sustainability program has been built around our tried and tested business planning service. It combines the longer term goals of the business with financial planning and specific crisis management objectives in order to help you navigate your business through the Covid-19 crisis.

22/04/2020page

April 2020 - Transfer pricing in the wake of COVID-19 and the recent China-US trade dispute

Multinational enterprises (MNEs) which source their products manufactured in China or sell to the China market will be adversely affected by the coronavirus disease 2019 (COVID-19) and the recent China-US Trade Dispute during 2019. In addition to a declining global economy because of the above un-fortunate factors, these MNEs will face disruptions to their supply chains and challenges of moving personnel cross borders, which will likely lead to an erosion of profit margins.

22/04/2020page

April 2020-Transfer pricing in the wake of COVID-19 and the recent China-US trade dispute

Multinational enterprises (MNEs) which source their products manufactured in China or sell to the China market will be adversely affected by the coronavirus disease 2019 (COVID-19) and the recent China-US Trade Dispute during 2019. In addition to a declining global economy because of the above un-fortunate factors, these MNEs will face disruptions to their supply chains and challenges of moving personnel cross borders, which will likely lead to an erosion of profit margins.

22/04/2020page

April 2020-Transfer pricing in the wake of COVID-19 and the recent China-US trade dispute

Multinational enterprises (MNEs) which source their products manufactured in China or sell to the China market will be adversely affected by the coronavirus disease 2019 (COVID-19) and the recent China-US Trade Dispute during 2019. In addition to a declining global economy because of the above un-fortunate factors, these MNEs will face disruptions to their supply chains and challenges of moving personnel cross borders, which will likely lead to an erosion of profit margins.

20/04/2020page

COVID-19 – Hong Kong Employment Support Scheme

To combat the impacts of COVID-19 in Hong Kong, the Government has announced a second round of Anti-epidemic Fund for HK$137.5 billion on 8 April 2020 which was approved by LegCo on 18 April 2020. It is a further response to the HK$120 billion relief package in the 2020-21 Budget announced on 26 February 2020 and the HK$30 billion Anti-epidemic Fund approved by LegCo on 21 February 2020. A new Employment Support Scheme (“ESS”) of HK$81 billion was introduced to help business and retain workers in employment.

20/04/2020page

Financial Services Consulting APAC

“A strategic partner to clients, leveraging expert insight and rigorous analytics to enhance competitiveness and transform businesses” - Justin Tan, Partner (Financial Services Consulting APAC)