E-commerce, cross-border trade, manufacturing, technology — every industry has its own operating model and tax risk profile. Lightyear combines deep experience serving 20,000+ businesses with an AI fiscal big-data model to deliver tailored compliance advisory programs.
China's Regulations on Tax-Related Information Reporting by Internet Platform Enterprises took effect in 2025 — major platforms including Taobao, Douyin, Pinduoduo and WeChat are required to report merchant transaction flows, refunds and commission data directly to tax authorities starting in October. With Golden Tax Phase IV combined with platform data cross-checks, filing discrepancies have nowhere to hide, and historical under-reporting brings triple pressure: back taxes, late fees, and penalties.
Unreceipted procurement costs, no proof of returns from bulk-order cancellations, suppliers only issuing informal IOUs — the will to remediate is there, but the compliant path forward isn't clear.
E-commerce businesses often spend 20%+ of revenue on advertising, well above the 15% deduction cap — how should the excess be handled?
Proactive self-review can qualify for late-fee reductions; getting caught in an audit means penalties of 1-5x the tax owed — the two paths carry vastly different costs.
Platform data is already fully reported to tax authorities — "never got a notice" doesn't mean "the tax bureau doesn't know." Sole proprietors and individual sellers alike must file according to regulations.
A discrepancy notice is the tax bureau's first warning; the response window is short, and how you reply directly affects whether the case escalates to an audit.
Large, recurring transfers to a personal account can be flagged by banks and reclassified by tax authorities as business income subject to back taxes — while also exposing the owner to unlimited joint liability for company debts.
The "one team, multiple storefronts" model — sharing warehouses, staff and invoices across entities — risks being treated by tax authorities as a single consolidated taxpayer.
Systematically map out filing discrepancies and develop a "disclose-and-amend" strategy; covering proactive self-review filings, storefront entity changes, compliant deregistration, and full-process audit representation to clear historical risk once and for all.
Financial due diligence to assess existing structural risk; designing risk-isolation structures for individual/spousal shareholders; family wealth succession structuring; full-process tax-efficient planning for capital increases and equity transfers.
Tax budget management aligned to actual business cycles; specialized compliance guidance on bulk-order cancellations, returns and ad spend; analysis to fully capture available tax incentives — controlling tax burden through compliance, not workarounds.
Monthly reconciliation with refined accounting tailored to e-commerce revenue, cost and expense characteristics; flagging accounting/tax risks; tracking consistency across funds, invoices, contracts and business flows, with monthly tax-cost projection reports.
Full guidance on operating service fee calculations; contract compliance review; fund flow design and legality checks; comprehensive review of the authenticity, completeness and compliance of business evidence chains.
Annual revenue exceeded RMB 70 million, with only RMB 10 million actually reported. Large unreceipted expenses and long-unresolved payables, with the owner's personal accounts heavily commingled with company funds — facing dual pressure of historical back taxes and audit risk.
Multiple storefronts run as "one team, multiple entities," received a tax filing discrepancy warning text, with reported data diverging from platform data by tens of millions — significant accumulated historical risk.
Regulatory logic has shifted toward "data aggregation, four-flow reconciliation, entity look-through, and cross-agency coordination." Any discrepancy across platform settlement flows, refunds and commissions, customs declarations, logistics documents, receiving accounts, invoices and tax filings can become grounds for a future audit, back-tax assessment, or remediation order. Cross-border fiscal management isn't a single point of bookkeeping — it's a systems project spanning platform data, customs and logistics, fund flows, domestic tax, overseas tax, and equity structure.
Revenue from Amazon, eBay, and TikTok Shop combined with platform settlements, ad fees, commissions, refunds, storage fees, and FX differences creates unclear accounting standards.
Goods exported via third-party customs clearance and unreceipted purchases — insufficient procurement documentation and inconsistent customs entities affect income tax, export rebates, and future audit explanations.
Receiving via PayPal, PingPong, Payoneer, mixed with third-party payments, Hong Kong accounts, and personal cards, easily creates under-reported income and fund-flow risk.
Ignoring overseas tax obligations may affect customs clearance, fund repatriation, and the compliance of overseas entities.
Without designed related-party transactions, service fees, and procurement/sales chains across domestic entities, Hong Kong companies, and overseas storefront entities, tax burdens rise and explanations become difficult, hindering capitalization.
Ahead of future financing, equity incentives, or an overseas listing, working papers and evidence chains for revenue, inventory, receivables/payables, customs, rebates, and overseas tax need to be rebuilt from scratch.
Systematically map platform revenue, customs data, payment flows and filing discrepancies; develop a "review-disclose-explain" strategy covering multi-platform revenue recognition, unreceipted purchases, personal-card receipts, and clearing historical tax risk.
Combining domestic operating entities, Hong Kong companies, overseas storefront entities and holding platforms to design a structure balancing operations, tax burden, dividends, financing and equity incentives, proactively aligning with ODI, Circular 37, and future capitalization paths.
Advisory across 9610, 9710, 9810 and general trade models covering export qualifications, rebate documentation, input invoices and customs logic; concurrently assessing VAT/GST, U.S. Sales Tax and other overseas tax obligations.
Monthly reconciliation of revenue, commissions, ad fees, refunds and storage fees across Amazon, eBay, TikTok Shop and independent sites, aligning business flow, goods flow, fund flow and invoice flow.
Monthly cross-border financial accounting, contract compliance review, inventory discrepancy analysis, related-party transaction pricing, evidence-chain archiving and tax filing guidance, continuously building an explainable, auditable, and financeable cross-border fiscal compliance system.
General taxpayer with annual revenue exceeding RMB 70 million, with only around RMB 10 million actually reported. Large unreceipted purchases, overseas warehousing fees and platform commissions were not properly booked, with the owner's personal accounts heavily commingled with company funds.
Multiple stores operated across "multiple entities, multiple platforms, multiple accounts," received a tax filing discrepancy warning text, with reported data diverging from platform data by tens of millions — significant accumulated historical risk.
Operating multiple platforms and stores, with goods exported via non-compliant methods and platform revenue transferred directly into the owner's personal account, facing a dual 25%+20% tax burden with an overall effective tax rate exceeding 20%.
Manufacturers commonly face non-standard input invoices, complex cost accounting across multiple factories and entities, and unclear R&D expense aggregation, while application processes for high-tech enterprise certification, excess input VAT refunds, and export tax rebates remain cumbersome. Built on our six business lines, Lightyear provides manufacturers with end-to-end advisory — from cost accounting to capturing policy benefits.
Application materials for VAT credit refunds are complex, and long refund cycles tie up significant working capital.
Non-standard invoices for outsourced processing and raw material procurement make it difficult to reconcile cost accounting with input VAT deductions.
Non-standardized R&D project initiation and expense aggregation makes preparing materials for super-deductions and high-tech enterprise applications cumbersome.
Concurrent domestic and export sales create errors in calculating export rebates versus domestic tax burden, affecting overall tax levels.
Related-party transaction pricing across multiple factories/entities within a group lacks a compliant basis, creating transfer-pricing risk.
Government subsidy programs for equipment upgrades, "Specialized, Refined, Distinctive and Innovative" (SRDI) enterprises and others involve multiple agencies, and unfamiliarity with application processes risks missing out on policy benefits.
Organize R&D project initiation and expense aggregation criteria, assisting with high-tech enterprise certification and special audit materials.
Organize the input invoice chain, standardize the refund application process, and shorten the capital tie-up cycle.
Build a cost accounting system across multiple factories/entities and design compliant related-party transaction pricing plans.
Assist in standardizing domestic/export split accounting and export rebate documentation management, reducing calculation error risk.
Connect with high-tech, equipment upgrade, SRDI and other government support programs, ensuring the enterprise captures every benefit it's entitled to.
Needs systematic organization of R&D projects and standardized expense aggregation to improve certification approval rates.
Needs unified cost accounting standards and a compliant related-party transaction pricing system.
Needs standardized export rebate documentation and domestic tax accounting to avoid inconsistent tax treatment.
Fast-growing technology companies often face highly specialized challenges — equity incentive design, IP portfolio strategy, and financial standardization ahead of financing. Drawing on our legal advisory, IP and fiscal service lines, Lightyear delivers compliance advisory aligned with each company's financing and listing trajectory.
A poorly designed option pool can create hidden tax and legal issues, undermining team incentive effectiveness.
Preparing materials for R&D expense super-deductions and high-tech / tech-SME certification is labor-intensive.
Patent and trademark protection is disconnected from financing valuation, and core technology assets haven't formed a compliant IP portfolio.
Insufficient financial standardization means due diligence often surfaces historical and accounting issues that affect valuation.
Limited experience with tax treatment of cross-border technical service income and SaaS subscription revenue creates compliance risk.
A poorly designed early-stage equity structure affects future financing pace and founder control.
Design equity incentive plans aligned to the company's growth stage, balancing incentive effectiveness with tax cost.
Help standardize R&D project initiation and expense aggregation, and prepare certification and tax filing materials.
Patent and trademark applications, IP management standardization, building a compliant asset base for financing and valuation.
Build financial systems and organize historical records to improve due diligence pass rates and valuation support.
Contract review, investment agreement negotiation, and equity design — protecting the company through every financing round.
Needs financial standardization and compliance to improve due diligence efficiency and valuation support.
Needs professional option pool design balancing incentive effectiveness and tax cost.
Needs systematic review of patent and trademark holdings to build a compliant IP portfolio.
Our team comes from Hangzhou's leading local institutions, serving 20,000+ businesses with deep industry fiscal-tax expertise, backed by both brand reputation and professional service.
A team of top fiscal-tax experts serving 5,000+ businesses, drawing on deep practical experience to design tailored plans and stay hands-on from start to finish.
Automatically generates fiscal health reports covering 6 major categories and 300+ monitoring indicators, identifying compliance risk in real time and nipping problems in the bud.
