LANGUAGE
HONGKONG CORPORATION
MANAGEMENT
Business consulting to get the qualitative information and system
HK Administration
Accounting/Tax/Audit
Accounting Service
Service contents
Cheque Issue And In/Out Money Handling Overseas & locally
Bank Position Check
Bank Remittance Service
Receive & Deposit Cheque
Shipping Arrangement
Prepare of Financial statement (P&L & B/S)
The Taxation consulting (Tax adjustment and respond to IRD for Financial Report)
Tax / Accounting
- Accounting records are compulsory according to the Hong Kong Tax Law and Tax Bureau
- Request by Tax Bureau
- Management (management) award requirement
- Request for funding (shareholder / banker)
- Hong Kong individual or company tax returns are required on an annual basis, not on a monthly basis.
Corporate tax
| Corporation | Individual |
|---|---|
|
16.5% (taxable net income over HKD 2,000,000) 8.25% (taxable profit less than HKD 2,000,000) |
15% |
Tax return
Tax return
If it is a corporation, it shall report the first taxation in March or December within 18 months of establishment and the annual audit report.
Process
-
-
01PROCESS
Request corporate accounting data from clients
-
-
02PROCESS
Corporate accounting report, balance sheet,
income statement
-
-
03PROCESS
Rechecking missing accounting information
-
-
04PROCESS
Organize data for annual audit report
Required documents
- Bank statement
- Expenses receipt (if any)
- Sales Invoice
- Stock List (if any)
- Purchase Invoice
- Financial report - Information on the use
Audit report
Audit report
Procedures to give credibility to financial statements through external experts (CPAs)
EXTRANS Consulting self-certified accountant
What is an accounting audit?
- All incorporated companies established in Hong Kong are obliged to be audited on their financial statements. An audit is an opinion expressed about the financial statements prepared by the Company. For this reason, auditing should be performed by an independent and authorized accountant.
Why is auditing required?
- Auditing is a legal requirement for all corporate companies in Hong Kong.
- EXTRANS CONSULTING provides auditing through its own accountant.
