Accounting & Audit
STEP BY STEP
Limited companies in Hong Kong receive Profits Tax Return issued by the Inland Revenue Department every year, and they are obliged to submit an audit report and tax return audited by a Hong Kong Certified Practising Accountant to the Hong Kong Inland Revenue Department within a time limit. If the tax return shows that the limited company is profitable, the Inland Revenue Department will issue a tax notice to the limited company to pay the relevant taxes. If a company fills in wrong information on the tax form or omits individual items, or submits the tax return late, it may violate the tax regulations, and the company may be prosecuted and fined by the Inland Revenue Department.
Accounting & Tax Declaration Process
Regular bookkeeping for the company
Having a Certified Public Accountant to prepare an audit report
Filing profits tax returns
Pay Profits Tax
Our strength
Professional team
We partner with a team of professional accountants to help your company handle accounting, auditing and tax returns properly and provide professional advice.
Reasonable price
APS knows that starting a business is always difficult, and the cost of hiring an accounting clerk is too high for start-up. We solve the problem of annual accounting and tax returns for our customers at a reasonable price.
Customer-Oriented
Our accountants understand the clients' business, follow up the client's inquiries carefully, and formulate the best accounting and tax declaration plan for the clients.
THE BEST SOLUTION FOR YOUR BUSINESS
Our Pricing Plans
ACCOUNTING + TAX
(SOLE PROPRIETORSHIP APPLICABLE)-
Bookkeep all transactions, organize the documents and put them into the file in sequence
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Prepare general ledger, bank account, accounts receivable and accounts payable, etc.
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Prepare financial statements, including balance sheet and profit and loss statement
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Preparation of Chargeable Profits Tax Calculation Form
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Completion and Filing of ‘Profit Tax’ in Tax Return- Individual (BIR60) & Profits Tax Returns- Partnership (BIR52)
ACCOUNTING + AUDIT + TAX
(LIMITED COMPANIES APPLICABLE)-
Bookkeep all transactions, organize the documents and put them into the file in sequence
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Prepare general ledger, bank account, accounts receivable and accounts payable, etc.
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Prepare bank reconciliations
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Prepare financial statements, including balance sheet and profit and loss statement
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Prepare audit reports
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Preparation of Chargeable Profits Tax Calculation Form
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Completion and Filing of Profits Tax Returns (BIR51)
OTHER TAX SERVICES
OTHER-
Completion and Filing of Tax Return- Individual (BIR60)- Salaries Tax/ Properties Tax
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Completion and Filing of Employer’s Return- for employees (BIR56A & IR 56B)
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Completion and Filing of Employer’s Return- for other than employees ((IR 56M & IR 6036B)
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Completion and Filing of Jointly Own Property Tax Returns (BIR57)
Frequently Asked Questions
When will I receive my first tax return?
Section 475(2) of the Companies Ordinance (Cap. 622) restricts the sole director from acting as the company secretary. Also, section 475(3) of the Companies Ordinance (Cap. 622) states that private company having only 1 director should not have a body corporate as its company secretary if the director of that body corporate is the sole director of private company at the same time.
What documents do I need to prepare for tax filing?
A limited company must prepare accounting accounts, appoint a certified public accountant to arrange an audit, and submit the audit report, profits tax calculation table and profits tax return to the Inland Revenue Department.
Do all Hong Kong companies need to prepare an audit report for tax returns?
Generally speaking, only Hong Kong limited companies need to submit the audit report when filing tax returns. In addition, if the profit of a sole proprietorship or partnership business exceeds 2 million, the tax return must also be accompanied by a balance sheet and a business profit and loss statement certified by a certified public accountant. File a tax return.