The news that Pinduoduo was fined 100,000 yuan by the tax bureau for failing to report tax-related information in accordance with the regulations has hit the e-commerce circle. This amount is not much for the big manufacturers, but the signal released is extremely clear:In the era of strong e-commerce regulation, no one wants to muddle through.

For cross-border e-commerce companies with annual revenues of more than $50 million, this signal is even more alarming.

Most cross-border e-commerce sellers businessCrossing multiple countries, complex capital flows, and a huge amount of platform data, which is supposed to be the focus of attention of tax, foreign exchange, customs and other departments. The Pinduoduo incident is like a mirror that illuminates the compliance anxiety that the industry collectively faces - and the compliance challenges of cross-border e-commerce are more complex and hidden than domestic e-commerce.

According to our recent experience of serving a large number of sellers on the front line, I found that large sellers in the transition to compliance generally have to break through three "life and death passes". If you step on the past, the sky is the limit; if you don't step on it, it may be the next ticket.

Welcome to leave a message or private letter to consult, welcome to sweep the code to add our online customer service (microblogging: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and full one-on-one service!

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01.Structural hurdle: confusing shareholdings and subjects are "time bombs"

We have come across a number of clients who, in the early days, used models such as sole proprietorships and shareholdings for convenience or personal tax savings. For example, there are sellers who areHusband-and-wife store start-up, company structure not straightened out; there areA couple of partners started a business together, using personal cards to collect payments, and the equity wasn't sorted out.

Where does this lead?

The company's assets and the owner's personal property are completely mixed together, like a "big pocket of risk". If the company has problems, the owner's personal property may be implicated. Shareholders of a sole proprietorship are liable forunlimited joint and several liabilityThis means that corporate debt can spill over into family property.

Our solution::

The first thing we help our clients do with this type of client is toScientific construction of group structure(c) Reorganize unregulated individually owned enterprises into limited liability companies with clear rights and interests. Reorganize unregulated individual enterprises into limited liability companies with clear powers and responsibilities, with shareholders holding shares in their real names and designing a shareholding structure that can segregate risks. This is not only the safety bottom line, but also the basis for future financing and listing.

Welcome to leave a message or private letter to consult, welcome to sweep the code to add our online customer service (microblogging: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and full one-on-one service!

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02.Finance and taxation customs: the accounting model of "money flowing in personal card" is no longer feasible

Many bosses believe that money flowing through personal cards and company accounts is "meat in the pot". However, under the regulatory net of Golden Tax IV + CRS, this mode is extremely risky. If the company has been using a personal card to collect money, but has been zero declaration, the system is a match, the light is to pay taxes and fines, the heavy trigger money laundering investigation.

More realistically, accounting confusion can result in you not being able to take advantage of theCross-border e-commerce export tax rebatesand other policy bonuses (e.g., tax exemptions without invoices, authorized collection of corporate income tax, etc.), but instead carry higher hidden costs.

Our solution::

We respect "Progressive Compliance" The first step is to help the enterprise to find out the background of the business. First, we help enterprises to find out their family background, establish a financial accounting system that can truly reflect their business, and then combine the tax incentives for cross-border e-commerce (e.g., corporate income tax can be applied toApproved levy of 0.5%), making the business sunny and cost-effective to comply.

Welcome to leave a message or private letter to consult, welcome to sweep the code to add our online customer service (microblogging: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and full one-on-one service!

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03.Funding Gateway: The "Black Box Operation" of Cross-Border Paybacks Must Be Sunlighted

Repatriation of funds through third-party channels or underground money changers was the industry's "routine operation" in the early years. However, with the tightening of anti-money laundering regulations, it is very easy for banks to freeze the accounts of private customers who frequently receive and pay money abroad. We have also encountered sellersRecovery by the European tax authorities due to non-compliance with offshore VAT returns.

Fund flow compliance must be based on business and fiscal compliance. All transactions flow through a public account, making funds secure and traceable.

Our solution::

Through the design of a Hong Kong company and other compliant entities for the scheduling of funds, and in accordance with foreign exchange policy, through banks and other legal channels for the receipt and payment of foreign exchange. When the business and financial tax compliance, the flow of funds compliance is a matter of course.

Welcome to leave a message or private letter to consult, welcome to sweep the code to add our online customer service (microblogging: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and full one-on-one service!

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Compliance, a passport to bigger markets

Poundland's fine is a sign of things to come, but for companies interested in long-term growth, compliance is not a cost, it's a competitiveness. It means lower business risks, better tax costs, stronger financing, and even a ticket to the capital markets.

If your business is facing:

• Confusing multi-company, multi-store structure
• Unclear export tax refund process
• Poor foreign exchange repatriation channels
• Equity incentives don't know where to start

Feel free to contact us. We are atBeijing, Shanghai, Guangzhou, Shenzhen, HangzhouThe team has provided a number of cross-border e-commerce companies with a wide range of services fromCompany registration, bank account opening, equity design, to the whole process of financial and tax compliance building, all kinds of qualifications and licenses forThe one-stop solution.

Transformation is not easy, but an early layout is one less risk. Welcome to exchange your compliance pain points, we accompany you through the cycle. Welcome to sweep the code to add our online customer service (micro letter: jxhqcy890 / cell phone: 16625410105), arrange for the manager to answer questions, provide professional advice and full one-on-one service!

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Finally, a reminder: compliance transition is better sooner rather than later, the earlier the layout, the lower the cost, the more stable the development.

There are also different program ideas for different stages of corporate tax compliance:

Start-up period (sales)(up to 20 million)

Pain Points:

1, C-end sellers, open more than one Amazon store, more than one account company, the address is dependent, did not open an account, employees have not purchased social security, are on private payroll, what are the risks?

2. Will there be any risk if the account company has zero declaration for a long time and has not set up financial books?

3, from the third-party payment platform, the transfer of funds to personal accounts, the country almost never paid taxes, worried about the risk?

4、What is the impact of Golden Tax IV on cross-border sellers' collection, and will the way of taking the third-party collection channel be affected?

5, just started the small and medium-sized sellers, profits are very low, pay the tax will not make money, how to do?

Solution:

1, the companies timely and compliant operation of tax returns, reasonable distribution of employee wages and social security, to ensure the normal operation of the enterprise;

2、With the help of Hong Kong offshore companies to collect foreign exchange, combined with the domestic company's customs declaration and tax rebate (exemption) declaration, to build a good enterprise funds collection channel, to ensure that the funds sunshine collection;

3. Reasonable control of tax liabilities and avoidance of tax risks;

4, clear arrangements for professionals to do professional things, the boss can fully do a good job of the product and the market. Tax compliance issues are welcome to sweep the code to add our online customer service (micro letter: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, provide professional advice and full one-on-one service!

Welcome to leave a message or private letter to consult, welcome to sweep the code to add our online customer service (microblogging: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and full one-on-one service!

Developmental period ((20-100 million)

Pain Points:

1, industry and trade in one Amazon seller how to do export tax rebates, what qualifications are needed, how much volume to do?

2、Amazon normal remittance back to the personal account account, the amount of money is very big worry about bank verification and unpaid personal tax, scattered more than one private account receipts can make the risk reduced? How to avoid the risk?

3、Paying suppliers through private accounts without invoicing, and then selling through the Amazon platform and collecting foreign exchange through a third party, how to comply?

4, do half a year of business, store results look good, as the boss, no money in hand, there are a bunch of goods, do not know how much money they earn?

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Solution:

1、Rapid identification of cross-border e-commerce enterprise financial and tax risks; 

2. Avoidance of the risk of collection of large sums of money and the response to bank verification; 

3. Accurately make tax declaration and export tax refund declaration; 

4, clear cross-border e-commerce four-stream process logic; 

5、Master enterprise sales and inventory data, clear enterprise capital flow; 

6, build the enterprise's financial accounting system, financial data for management to provide business decisions.

Welcome to leave a message or private letter to consult, welcome to sweep the code to add our online customer service (microblogging: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and full one-on-one service!

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Maturity ((>100 million)

Pain Points:

1, I heard that there are big sellers of part of the profit from export tax rebates, a year can save 10% cost, this kind of said is true?

2、Every month will use different logistics methods (express + air + sea) to ship, how to accurately calculate the logistics cost and gross profit?

3、Inventory takes up too much money, want to do a good job of inventory management, do not know how to optimize?

4, big sellers want to absorb excellent partners, equity ratio how to design, how to do management and share incentives?

5、We are a billion seller, I'm going to go capital listed in the future, so how should our structure be designed now?

Solution:

1. Be able to read and understand the 3 major statements and 5 major financial indicators of business operations. 

2. Design better performance commissioning principles in conjunction with report analysis. 

3. Know how to better utilize data for good business management. 

4. Familiarize yourself with the principles of input-output matching and calculation models; 

5. Knowledge of VAT filing and planning ideas appropriate to the country of operation; 

6. Designing a shareholding structure suitable for the development of the enterprise, and preparing tax planning and legal risks in advance; 

7. Clear equity incentives for the core management team, retaining core talent, and better assisting the development of the enterprise; 

8. Open the boss's mind to attract excellent partners and investment and financing platform resources.

Cross-border e-commerce has long since passed the "wild growth" stage. Tax compliance is no longer an option, but an infrastructure for business continuity, capitalization and risk isolation.

Compliance is not a cost, but the biggest safety guarantee and growth gas pedal for enterprises. In the second half of cross-border e-commerce, those who live well are not necessarily the fastest runners, but they must be the most stable walkers.

If you are also a cross-border e-commerce seller with more than ten million dollars in annual sales and are facing:

• Lack of invoices, heavy VAT burden
• Multiple entities operating in disarray and increasing risk
• Profits are inflated and you don't know how to comply to optimize your tax burden

We can offer you that:

• Exclusive cross-border tax compliance diagnosis
• Multi-body Architecture Sorting and Optimization Solution
• Customized tax planning solutions
• Compliance roadmap proven by millions of sellers in the field

Welcome to leave a message or private letter to consult, welcome to sweep the code to add our online customer service (microblogging: jxhqcy890 / cell phone: 16625410105), to arrange for the manager to answer questions, to provide professional advice and full one-on-one service!