Hong Kong tax and accountancy are based upon British standards, and as such are similar to that which you may already be familiar with in the West. Corporate secretary hong kong
Hong Kong requires that all businesses file an annual tax return on their profits with the HK Inland Revenue, and undergo an annual accounts audit performed by an independent CPA.
Hong Kong takes accounting and tax fraud very seriously, with strict sanctions for offenders from the local government and banks. Therefore it’s crucial that your accounts are filed professionally and attentively to mitigate any issues you may have arising from the annual accounts audit you’ll be required to undertake.
Benefits You’ll Get From Outsourcing Accounting & Taxes
Here’s what we do to help you manage your Hong Kong company’s tax & accounting:
- Set up a compliant accounting system for your company
- Monthly bookkeeping handled
- Accurate quarterly and annual financial statements (including income statement and balance sheet) prepared
- An accurate assessment of how much tax should be paid
- Individual income tax forms for staff and management
- Consultation on financial planning (including tax and cost control)
- All information is provided in English
- Reduce the potential overhead of hiring full-time accounting staff
Hong Kong Annual Accounts Auditing
Your Hong Kong company must have its accounts audited by a certified public accountant (CPA) each year. Oftentimes it is difficult to know whether the CPAs available are good value, efficient, vigilant, and get good results.
Their compliance report could have far-reaching consequences on your business, such as the ability to get business loans, affecting government trust, and being able to claim 0% tax on revenues from outside of Hong Kong, so it is crucial that your auditor is an expert who understands your business.
Datar Business Services remove the uncertainty and save your company time, by only partnering with some of the best CPAs in Hong Kong, who we can guarantee have dealt with many businesses like yours, are willing to listen to you, and who understand your business situation.
Benefits You’ll Get From This Service
By letting Datar Business Services arrange and oversee your annual Hong Kong company audit, you’ll:
- Have more time to focus on business
- Be assured of a top Hong Kong CPA undertaking the audit
- Have peace of mind that you will be in ‘good standing’ with local government and banks
- Get feedback on the audit in plain English
- Have the option of consulting with our Hong Kong accounting and tax experts should your business require it following the audit.
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