Under Hong Kong Inland Revenue Ordinance and Companies Ordinance, Hong Kong-registered companies are required to prepare and maintain financial records and hire a local qualified accounting firm to perform audit tasks on financial statements.
Special notes for Hong Kong Company accounting and auditing:
- Hong Kong company must maintain accounting records for at least 7 years since the end of the financial year.
- All Hong Kong companies must carry out an audit on their annual financial statements, except for dormant companies.
BBCIncorp Limited offers qualified Hong Kong accounting services for your business! Our team of experienced Certified Public Accountants will help you relieve from reporting burden and have more time to concentrate on your business. Effective communication and seamless integration will make us your great companion.
Hong Kong Accounting Services with BBCIncorp
Accounting and Auditing
Our accounting and auditing service covers the following areas to keep you stay compliance with reporting obligations:
Preparing annual statutory accounts i.e Profit & Loss account, Balance Sheet, Trial Balance...
Audited financial statements
We charge fees for services depending on the quantity and complexity of your transactions.
Transactions per month
What included in Accounting packages
- Xero cloud accounting
- A Yearly compilation of FSs
Total yearly estimated cost for accounting:
** The above fee is in USD and may vary depending on the complexity
of your transaction
Tax Filing Services
Hong Kong tax year or year of assessment begins from 1st April to 31st March in the next year. A company is liable for its first tax return filing around 18 months from the incorporation date and every financial year end subsequently. Business owners should be aware of tax filing obligations to avoid heavy penalties by Hong Kong Tax Authority.
Our experienced accountants will cover your back with tax planning and consultation. We also help you with offshore tax claim applications for income derived outside Hong Kong.
Below is the pricing for our corporate tax filing service.
Filing Profits Tax Return and tax computation with supporting schedules
Filing Employer’s Return
All invoices in the
Need more help with your Hong Kong accounting plan?
Just get in touch with us. We typically respond within 2 hrs.
Frequently Asked Questions
What accounting software do you use?
We use cloud accounting Xero, a cloud-based, secured, easy access via the internet software. Using this, authorized users can obtain current, precise financial data almost everywhere, anytime.
Does a dormant company need to do annual auditing?
A dormant company is still required to conduct accounting and get books audited annually. However, under certain conditions, that company can be exempted from auditing. You can find more information in Hong Kong dormant company blog post.
How can I submit my data?
You can opt to send your data via multiple methods including mail, cloud storage, or you can grant us remote access to your internal accounting system. Be assured that your financial records will be treated confidentially. We make sure to keep and satisfy your benefits.