ACCOUNTING

Accounting Service

In accordance with the Inland Revenue Ordinance of Hong Kong, any persons/entities carrying on trade, profession or business are obliged to keep the business records of that enterprise for at least seven years. This requires a set of complete, detailed and tidy accounting records to be routinely produced that are convenient and cost effectively produced for formal audit assessment.

Benefits: Minimization of labour time and cost

Many firms and particularly small-medium enterprises (SME’s) are likely to outsource their accounting tasks to audit or accountancy & consulting firms to offset the cost of hiring full time experienced accounting staff. It is estimated that the cost of statutory accounting tasks is reduced by 70% if outsourcing is implemented.

Moreover, qualified accountants fully understand the requirements of the IRD and Companies Ordinance applicable to limited companies incorporated in Hong Kong.