According to the Inland Revenue Ordinance Section 51C that every person carrying on a trade, profession or business in Hong Kong has to keep sufficient records in the English or Chinese Language of his income and expenditure to enable the assessable profits to be readily ascertained. In order to minimize the operating costs and achieve a higher level of financial management requirement, many small-to-medium-size companies (SMEs) usually subcontract its accounting work to experienced professionals.
We provide the following services:
– Preparation of voucher and data input into the computerized accounting system
– General ledger, Cash account, Bank Account, Account receivable and Accounts payable
– Preparation of financial statements including balance sheet and income statements
According to the Companies Ordinances Section 122, the annual financial statements of a limited company incorporation in Hong Kong is
required to be audited by a qualified accountant with a practicing certificate issued by the Hong Kong Institute of Certified Public Accountants.
Besides, one of the statutory requirements under the Inland Revenue Ordinance states that a limited company incorporated in Hong Kong has to submit its profits tax return together with the audited financial statements.
As business grows more complex, and the speed of change increases, we recognize that advice on a range of strategic and technical issues, financial transactions, and growth opportunities is equally as important as our core assurance services. We focus on understanding your business issues and processes, so as to giving you the opportunity to gain wider assurance from the audit. Management also benefits from new insights and ideas to address current and future risks more effectively thereby helping them to improve performance.
With our experience in local and international laws and regulations, we can assist you with all the important obligation of meeting the reporting requirements. As an agency, our collaborative audit specialists will examine your accounting records and financial statements to give you an independent opinion on reports to the shareholders, directors, trustees and others.