We provide professional accounting and tax services, with our certified accountant team handling bookkeeping, tax filing and other financial matters. Ensure your financial compliance while you focus on business development.
Professional bookkeeping services handling daily account management, financial statement preparation, and bank reconciliation.
Handle profits tax, employee salaries tax and various tax filings, ensuring timely completion of tax obligations.
Provide audit referral services to meet Hong Kong Companies Ordinance requirements.
Provide tax planning advice, helping businesses legally reduce taxes and optimize financial structure.
Handle employee payroll calculation, MPF arrangements and employment ordinance compliance matters.
Provide regulatory and legal consultation to ensure business operations comply with Hong Kong ordinance requirements.
According to the Hong Kong Companies Ordinance, except for companies exempted from auditing, all companies registered in Hong Kong must conduct statutory audits annually and submit audit reports to the Companies Registry.
Profits tax is a tax levied by Hong Kong on profits arising in Hong Kong. For limited companies, the tax rate on the first HK$2 million of assessable profits is 8.25%, while the excess portion is taxed at 16.5%. For sole proprietorships or partnerships, the first HK$2 million of assessable profits is taxed at 7.5%, while the excess portion is taxed at 15%.
Hong Kong companies file tax returns annually. Newly incorporated companies receive their first profits tax return 18 months after incorporation, and thereafter must file tax returns annually.
Even if a company has no business activities, it still needs to maintain accounting records and undergo auditing, and can apply for a dormant company audit with lower associated costs.
According to Hong Kong law, companies must preserve accounting records for at least 3 years. This includes check details, transaction evidence, etc.
In Hong Kong, even if a company incurs losses in a financial year, it still needs to submit tax returns. According to the Inland Revenue Department's regulations, all companies must submit profits tax returns after each financial year ends, even if the year's profit is zero or shows losses. The main reasons for filing loss returns include: submitting loss returns helps formally record the company's financial status and allows for future profit offsetting. Losses can be carried forward to offset profits in future profitable years, thereby reducing future assessable profits and lowering future tax burden. Timely submission of tax returns is a legal requirement, and failure to submit on time may result in penalties or other legal consequences.
Let certified accountants provide professional services for you, making your business development smoother. Contact us immediately to learn more details.
Inquire Now WhatsApp Consultation