Accounting and Bookkeeping
In accordance of section 51C of Hong Kong’s Inland Revenue Ordinance, every person conducting a trade profession or business in Hong Kong must keep adequate records in English or Chinese of their income and expenditures in order to enable the assessable profits to be readily determined. These records must be retained for a period of not less than seven years. Failure to comply without reasonable reason will be imposed of the maximum penalty of $100,000.
Our client-oriented team has extensive accounting experience and we offer personalised service and practical solutions to all our clients. Among our services, we help with:
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Preparing monthly accounting books and records.
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Preparing periodic financial statements on a monthly, quarterly, or yearly basis.
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Preparing accounting breakdowns for balance sheets and profit-&-loss statements.
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Preparing consolidated account and group reporting packages.
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The review and analysis for management accounts.
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Tax return preparation