Bookkeeping, Auditing, and Taxation in Hong Kong

Description

We offer bookkeeping services by professional accountants that are certified in Hong Kong. These financial reports may be conducted on a monthly, quarterly, or annual basis depending on the turnover of your company, the number of operations, as well as your preferences. Auditing and Handling Taxation Affairs The financial statements of all Hong Kong limited companies are required to be audited on annual basis, but for the new company, their first audit account is allowed to cover not more than *8 months from its date of incorporation. The Certified Public Accountants (CPA) only have the right of providing such services. Within auditing full inspection of all financial statements of the company for a set period will be conducted. Based on it, auditors will produce an audited financial statement for the specified accounting period together with auditor’s report in which disclosure of the standards applied on preparing these audited financial statements and showing the auditor’s opinion on the result of the financial statements. On the case that the auditor also act as tax representative of your company, the auditor will also report the Profits tax return and submitted all relevant tax documents of your company together with the audited financial statement to the Inland Revenue Department of Hong Kong. If your company declares tax-free offshore activities, the auditors, based on data received from you and apply profits tax exemption for offshore income on your behalf. Upon the application of profits tax exemption is successfully approved by local Tax department, your company’s offshore profits are exempted to pay any local profits tax. We can offer auditing and taxation by CPA having licenses in Hong Kong. For more information about the conditions of preparation of financial statements for annual auditing, filing tax returns, please contact us.