Accounting, Auditing & Tax Filing
Accounting & Auditing
We can help you prepare and maintain accounting records to stay compliant with local regulations. Our local qualified accountants can also assist to prepare management reports with a review on a predetermined frequency to support your decision making process. Our specialized accounting system can work effectively to help you remove the needs for an in-house accounting department which is sometimes cost-ineffective to set up and maintain.
Our solutions include:
- Maintaining accounting records, including cash books, general ledgers, fixed assets, accounts receivables, and payable.
- Preparing monthly, quarterly and yearly management accounts, cash flow statements for management purposes.
- Preparing annual financial statements.
- Attending to the auditors during review of the company’s financial records.
- Administering the payroll process, including calculating and crediting of the net remuneration to individual employee’s bank account.
- Setting up a mandatory provident fund scheme.
- Arranging for retiring member benefits to be transferred into their new employer or into a preserved account.
- Completing the filing of employment with the local authorities.
- Application and renewal of employment visa.
Tax Compliance Services
The complex and constantly changing tax laws across many countries make the task of remaining compliant become more difficult for business owners, especially with startups and small companies. This leads to an obvious trend for outsourcing these functionalities to 3rd parties with specialized capacities to handle these compliance requirements.
BBCIncorp can assist you to manage tax obligations with tailored solutions as follows:
- Tax preparation including computing and filing appropriate tax returns to local authorities.
- Review tax assessments and notify you of any necessary tax payments.
- Assist in handling tax authority queries, tax field audits and investigation.
- Other local tax compliance requirements.
What makes us your good fit
Local qualified experts
Our team comprises local experts with relevant qualifications and years of hands-on experience in varied industries
Flexible solutions
We offer multiple packages that easily comfort needs of businesses ranging from startups to small and medium companies
Accurate and timely reports
You can definitely rely on our management reports for monitoring your operation as we use strict framework and automation for producing such reports
Excellent communication
No worry of jargon anymore. We only use plain English to communicate with our clients to help them make better-informed decisions
Seamless technical integration
Whatever accounting software you use i.e. Xero, Quickbooks or local mandated ones, we can easily adapt to meet your requirements
How It Works ?
Acquire your expectations and references along with offering several service packages tailored to your needs for selection.
Set up an internal system with roles and accounting procedures clearly set out. We will also discuss an effective workflow for exchanging and sharing information.
Daily transaction records being processed and listed in the accounting system on a pre-specified frequency. All other supporting documents during the ordinary course of business will be maintained.
Closing books and compiling financial statements for a predetermined period. Finalized accounts being delivered to you for review and approval.
Business review and analysis: At the end of each accounting period, we will talk with you about internal framework analysis and business management reports with a plan for upcoming improvements.
Accounting required documents
Company bank statements for the accounting reference period
Sales orders/invoices
List of customer’s deposits and pre-payments outstanding
Purchase invoices from suppliers, both paid and unpaid
Cash Expense receipts
Inventory listing
Documents pertaining to purchase, major repair and sales of fixed assets
Detailed payroll information
Any other related documents i.e. bank loans, lease agreements, insurance,...
Frequently Asked Questions
What is your pricing of accounting & auditing service?
Our service charges are based on volume and complexity of your transactions. We offer multiple service pricing tiers which can easily adapt to various business purposes and sizes.
What software do you use?
We currently use Xero for accounting purpose. But do not worry, our local accounting team can undoubtedly handle if you want to use other ones.
How do I ensure that my data are totally secured?
You can rest assured that your data will be safe with us. We reinforce security of clients" data based on three pillars:
- We have enforced data security policy in place to govern activities of internal departments and staffs involving in dealing with data and information.
- Secured data servers with restricted access and frequent monitoring on safety of information.
- Public privacy policy to our clients and contractual commitment by Non-disclosure agreement.
What countries do you offer your service in?
At this time, we provide accounting & auditing services in Hong Kong, Singapore and UK.
What methods can I use to submit my data?
We are flexible so you can freely choose your preferred methods. Below are some suggestions you might consider:
- Send to us via email.
- Get access to documents through cloud storage.
- Remote access to your internal system.
- Access through web-based accounting software.
Can I do bookkeeping myself for my company?
Yes, you can definitely do accounting yourself. But smart business owners choose to outsource to accounting professionals who can do it in a much more efficient way, so they can have more time to focus on their core business.
Industry News & Insights
How to Sell Your Company Fast : Tips for Owners
Many business owners consider selling their business when they feel ready to move on to new opportunities such as exploring new ventures or industries. Moreover selling may also be a way to join forces with a larger organization, gaining access to greater resources and market reach. In some cases, owners may choose to sell to…
Can a Nonprofit Be an LLC? How to Set Up a Nonprofit LLC
Faced with intensifying social and environmental challenges, from climate change to economic inequality, entrepreneurs are increasingly motivated to drive change. Innovative business structures are therefore essential. While traditional structures remain dominant, Limited Liability Companies (LLCs) provide flexibility and liability protection as a legal entity. This raises a key question: Can an LLC be a nonprofit?…
How long does it take to set up an LLC in Different States?
A Limited Liability Company (LLC) is a flexible business structure that offers liability protection, tax advantages, and simplified management. Many entrepreneurs choose an LLC to separate personal and business assets while benefiting from fewer compliance requirements. Along with this type of incorporation, the question How long does it take to get an LLC approved? is…
Reconciliation in Accounting: Definition, Types, and Process
In 2024, organizations faced significant financial losses due to fraud, with the Association of Certified Fraud Examiners (ACFE) reporting total losses of $3.1 billion across 1,921 cases, averaging over $1.5 million per case(1). Additionally, accounting errors and manual financial reporting were estimated to cost U.S. businesses approximately $7.8 billion annually(2). To mitigate such risks, reconciliation…
Crowdfunding for Startups: Best Types and Platforms to Use
In 2012, the Pebble smartwatch campaign raised over $10 million on Kickstarter, far surpassing its $100,000 goal(1). This landmark success showcased the power of crowdfunding to bring innovative ideas to life. For many entrepreneurs, securing traditional funding through banks or investors can be a major hurdle. Crowdfunding offers a viable alternative, allowing startups to validate…
What Is Annual Revenue? Definition, Meaning and Calculation
Understanding your company’s earnings is fundamental to evaluating its performance, and that starts with knowing “what is annual revenue”. Annual revenue is the total income a business generates from its core operations over 12 months, before any expenses are deducted. It’s not just a number—it’s a key indicator of financial health, profitability, and growth potential….
How to Tell If a Business Name Is Taken: Easily Check Availability
Starting a business is an exciting journey, and one of the first steps is choosing the perfect company name. It reflects your brand identity and sets the tone for your entire venture. However, before you get too attached to that name, it’s crucial to ensure it’s available. How can I check if a company name…
Cayman Islands Implements Phase Two of VASP Act: New Licensing Requirements
Understand the Cayman Islands’ VASP Act Phase Two, its new licensing requirements, and how they impact Virtual Asset Service Providers.
How to Change Ownership of an LLC? A Step-by-Step Guide
The journey of running your LLC will inevitably involve periods of change. Welcoming new partners, planning for retirement, or adapting to new market opportunities makes the transfer of LLC ownership significant. This process is about safeguarding the future of your venture and fostering a continuation of operations. There are numerous factors to consider, particularly legal…
How Old Do You Have To Be to Own a Business?
Around the world and especially in the U.S., we are seeing a surge in young people wanting to start their own ventures, prompting the key question: Can a minor own a business? This global trend, evident in the growth of youth entrepreneurship initiatives, presents both exciting possibilities and intricate legal considerations. While various countries impose…
How Much Money Do You Need to Start a Business?
Starting a business is always an exciting leap, but let’s be practical: there is a lot to consider. One of the most crucial steps is understanding costs and risks to stay ahead of potential challenges. So, how much does it cost to start a business? The answer depends. You could launch an online venture with…
Understanding The Date of Incorporation and Its Meaning
Every business has a starting point: the moment when an idea transforms into a recognized legal entity. This milestone is known as the date of incorporation. Apart from being an obligation required by the authority. Furthermore, it shapes a company’s legal rights, tax obligations, and strategic opportunities. In many jurisdictions, government agencies, investors, and financial…
Differences Between Limited Liability Company vs. Sole Proprietorship
When starting a business, one of the first decisions entrepreneurs face is selecting the right structure. For many small company owners and startup founders, this choice often comes down to sole proprietorship or LLC (Limited Liability Company). Both structures offer unique advantages and challenges, so understanding these is crucial to determining the best fit for…
Can 2 LLC Businesses Have the Same Name in Different States?
Choosing the right name for your Limited Liability Company (LLC) is more than just a branding decision. It defines your business’s legal identity and impacts everything from customer trust to compliance with state and federal laws. One question many entrepreneurs ask during this process is, “Can two LLCs have the same name in different states?”…
What Is A Certificate of Authority And How To Get One?
When expanding your business operations across state lines, ensuring compliance with local laws is critical. A Certificate of Authority is one of the key documents you’ll need to legally operate in a state outside your home jurisdiction. Without it, your business risks penalties, fines, and potential legal disputes. But what is a Certificate of Authority?…
How to Transfer an LLC from One State to Another (2025 Guide)
The decision to move LLC to another state across state lines is frequently driven by practical considerations, including more favorable business landscapes, advantageous regulatory frameworks, or personal relocation. For example, Delaware and Wyoming offer attractive options due to reduced tax liabilities and simplified compliance requirements. However, this transition necessitates a comprehensive assessment of legal, tax,…
Virtual Business Address: The 5 Best Service to Get
What if your business could have a professional address without the cost of a physical office? A virtual address makes that possible. It gives remote teams, startups, and expanding businesses a credible mailing location while keeping personal details private. With remote work growing and expected to reach 22 percent by 2025, according to Upwork(1), more…
How To Switch From Sole Proprietor to LLC? A complete Guide
Making the switch from a sole proprietorship to a Limited Liability Company (LLC) is a pivotal step in the lifecycle of any business. For sole proprietors considering this transition, it’s a strategic choice that signals growth, organization, and preparation for the future. By forming an LLC, you can protect your personal assets, gain tax advantages,…
How Much Is A Registered Agent?
Understanding the cost of a registered agent is an essential part of managing your business operations. Whether you’re starting a new company or maintaining an existing LLC, factoring in this expense is crucial for staying compliant with regulations and ensuring smooth communication with legal authorities. The cost of a registered agent can vary widely, depending…
How to Know If a Company Is Legit: A Complete Guide
Fraudulent businesses are more prevalent than ever, with global financial fraud costing over $5 trillion annually(1). In the United States, 33% of individuals(2) have experienced identity theft, highlighting the critical need to verify a company’s legitimacy before engagement. Scammers employ fake credentials, deceptive tactics, and professional-looking websites to appear credible. Without proper checks, investors, business…
