Accounting
All Hong Kong companies in Hong Kong are obliged to have management and audited accounts, an area in which we can help and assist. Although this obligation seems to be quite burden some (compared to some other jurisdictions where such obligations do not exist or where exemptions apply), often, amongst others for purposes of creating tax substance, it will be good to have this accounting documentations in place. These obligations also make sure that one keeps proper documentation whenever loans are provided, expenses are incurred or dividends distributed.
We can assist with accounting matters from bookkeeping to auditing:
- Bookkeeping and cash flow report
- Provision of management account
- Provision of accounting reports
- Provision of annual and periodic financial statements
- Provision of payment processing
- Consultation on other accounting matters
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If that’s what I understand, we won the case. I just can’t believe it, I wait for your confirmation to celebrate it, but in any case, you did an amazing job and I would be the first one to recommend you.
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It’s That Time of The Year – Filing of Hong Kong Individual Tax Returns for 2018/2019
16 May 2019This article is a friendly reminder to taxpayers who have individual tax filing obligations in Hong Kong. Introduction On 2 May 2019, the Hong Kong Inland Revenue Department (“HK-IRD”) issued annual Individual Tax Returns (BIR 60) (“Tax Returns”) for the year of assessment 2018/19 to taxpayers for completion. Taxpayers are obliged to complete and file… read more
Hong Kong 2019-2020 Budget
7 March 2019Introduction On 27 February 2019, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2019-2020. The forecast is that for the fiscal year 2018-19, there will be a surplus of HKD 58.7 billion, and that the fiscal reserves will reach HKD 1,161.6 billion by 31 March 2019. This Budget has been… read more
The Taxation of the Digital Economy
4 January 2019Introduction Many of us have heard or might even have read about the taxation of the digital economy. This not only because the Organisation for Economic Co-Operation and Development (‘OECD’) and the European Union (‘EU’) both have issued reports on this matter, but also because it has become a ‘hot topic’ within the society itself… read more
Potential Risks of Erroneous Exchange of Tax Information
21 November 2018Introduction Due to global implementation of common reporting standard (CRS)/automatic exchange of information (“AEOI”), financial institutions (“FIs”) are required to conduct due diligence on account holders to ascertain their tax residency, and accordingly whether certain information of the financial accounts of the account holders is required to be exchanged to foreign tax jurisdiction(s). The due… read more