The Chinese Chamber of Commerce held a tax lecture for Chinese business owners (photo)

The Chinese Chamber of Commerce held a tax lecture for Chinese business owners (photo) At 7:00 pm on March 13, the Arizona Chinese Chamber of Commerce held a tax lecture at Price Kong Financial Consulting...

The Chinese Chamber of Commerce of Arizona held a tax lecture for Chinese business owners (photo) At 7:00 pm on March 13, the Arizona Chinese Chamber of Commerce held a tax lecture for small and medium-sized enterprises at Price Kong Financial Consulting Company. W.R. (Bill) Boyd, Director of Price Kong, gave a wonderful speech for nearly an hour and a half. Nearly 30 members and friends of the Chinese Chamber of Commerce participated in the event. Volunteers are organizing on-site activities. Lawyer Wu Zhaowen, president of the Arizona Chinese Chamber of Commerce, and speaker W.R. (Bill) Boyd. Lawyer Wu Zhaowen, president of the Arizona Chinese Chamber of Commerce, first introduced the Price Kong company to the guests, as well as W.R. (Bill) Boyd, the speaker of the night. Bill has more than 20 years of experience in the industry and is very knowledgeable about corporate tax returns and how to reasonably avoid taxes. He first started with the advantages and disadvantages of different companies in tax filing, and introduced group companies (Incorporation) and limited companies (LLC) respectively. At the same time, the tax forms we often see such as 1099 are introduced. On-site questions During the lecture, many small and medium-sized enterprises directly asked questions about tax filing issues encountered by their own companies. For example, Li Jiang, president of Tonghai Engineering Supervision Company, asked whether the group company could provide 1099 forms to suppliers. The answer is no. Generally speaking, group companies do not issue 1099 forms. Lawyer Wu Zhaowen asked that many Chinese investors invest in real estate in Arizona. They are Chinese citizens and do not pay taxes in the United States. So how are the taxes calculated after the real estate makes profits? Bill said that foreign investors may have to hand over 30% of their profits to the US government tax department. There were friends from all walks of life at the lecture. Most of them were Chinese, but there were also many American friends. Some of them came to listen to the tax lectures, and some of them hoped to meet Chinese businessmen to explore the Chinese market. In addition, the Chinese Chamber of Commerce’s 2012 Spring Banquet will be held at 7pm on April 7th at the Great Wall Chinese Cuisine (3446 W. Camelback Bldg 2 STE 155 Phoenix, AZ, 85017). Members and non-members are welcome to register. The deadline for positioning is March 30, 2012. Bernard Wu (602)235-9009 Christine Halvorson (480)747-8315. Chinese food prepared by the organizer for guests. For more information about the Chinese Chamber of Commerce, please click: http://www.cccarizona.org/