Bookkeeping involves meticulously recording and tracking every financial transaction that occurs within an organisation. In this article, we’ll delve into the importance of bookkeeping, explore its fundamental concepts, and clarify its role in comparison to accounting. What is bookkeeping? At its core, bookkeeping is the practice of recording and tracking the financial transactions of a […]
The audit opinion reflects whether the financial statements are presented fairly, in all material respects, and in accordance with applicable financial reporting standards.
Employer’s Return forms, commonly recognised as BIR56A and IR56B in Hong Kong, are crucial documents that require accuracy and timely submission to the Inland Revenue Department (IRD). What are the IR56B and BIR56A forms (Employer’s Return)? Employer’s Return forms act as a testimony to an employee’s and director’s income and benefits over the fiscal year. […]
Every Hong Kong incorporated business, unless having obtained a dormant status from the Hong Kong Companies Registry, must do a financial audit, which is done by someone outside the business. This statutory requirement exists, regardless of the stage or scale of your company or whether your business operations are in Hong Kong or overseas. Auditing […]