Accounting

Accounting and tax services

“Numbers never lies.”  We are aiming higher to not just performing the basic accounting services but also to getting rid of financial hectic and plan ahead based on the solid numbers.

Every person (limited or unlimited company) doing trade, profession or business in Hong Kong is obliged to keep good accounting records for at least 7 years and submit tax return (when due) to the IRD for the ascertainment of assessable profit according to the IRO of HKSAR.  There will be penalty for the failure of doing so.

As professional accounting firm, we can help on the following aspects:

Management Accounting

  • Let the Company’s management can have concrete ideas on the Company’s financial, cash flow, tax and profitability position from time to time and formulate responsive actions to the ever-changing market.
  • Structure a good management reporting mechanism and facilitate the Company’s management to custodies the Company’s asset and avoid over-spending and over-lending.
  • We are familiar with the popular accounting softwares, including but not limited to, Xero, Peachtree, MYOB, Quick book to prepare the full set accounting books and record
  • Facilitate a checklist for the Company to follow and collect sufficient document, including sales
  • Assist to build up an internal financial planning and analysis tool

Financial Accounting

  • Preparation of audit financial statement, general ledger, profit and loss account, balance sheet, cash flow, receivables, payables for statutory audit and tax reporting purpose.
  • Good record keeping can save both the audit work and audit fee.
  • Consolidated finance statement could provide you an overview of the related companies under common shareholdings.
  • Performing internal control review
  • Assist client to study new IFRS and provide sound accounting advices and treatment

Tax planning and filing

  • We would evaluate the taxpayer’s financial condition and conceiving approaches to surge tax efficiency ethically and legally, for both corporate and individual level.
  • Identification of tax risk areas and health checking
  • Preparation and submission of tax return and tax computation
  • Preparation and submission of answers to IRD queries