Five major pitfalls of registering a company in Guangzhou
1. Low price trap Attract customers with prices lower than the market price, but actually make up for the cost by reducing service quality or increasing hidden charges. For example, the initial quotation is very low, but additional fees will be charged for various reasons later.
2. Processing speed trap Promise customers that they can handle it quickly, but in the actual handling process, they will encounter various uncontrollable factors, resulting in losses to customers.
3. Insufficient accounting level In order to reduce costs, many accounting agencies often hire newly graduated accounting interns to do accounting. One person can account for hundreds of customers, which is prone to irregular accounting, chaotic accounts, overpayment of taxes, etc., and may also cause tax risks.
4. Lack of WFOE accounting experience Many accountants lack WFOE accounting work experience, which is prone to inadequate understanding of policies and poor communication with customers, thereby causing tax risks.
5. No risk control mechanism Agency accounting companies lack risk control mechanisms, such as not informing customers of existing tax risk items in a timely manner, and not providing solutions for customers to refer to, which ultimately causes losses to customers.
