If You Need Accounting And Audit Services In Hong Kong
With the daily stresses of running a business, thinking of accounting and auditing is the last thing you need. If you’ve been thinking of outsourcing your accounting and bookkeeping services, our expert staff can offer professional services at the market’s most affordable rates.
If you want to outsource your accounting to Talent Fields Asia, you’ll get the opportunity to get back to the parts of business that you love. You’ll free up substantial time to focus on the core of what you do, rather than getting lost in the paperwork and administrative side of things.
Our team of Hong Kong-based experts are well-versed in all facets of compliance, auditing, accounting and more to keep risk-levels down and your processes taken care of. When you come to us, you can count on a personalized approach and top-level support for all your business accounting needs.
Accounting Services
According to the Hong Kong Inland Revenue Ordinance, every person carrying on a trade profession or business in Hong Kong is required to keep sufficient records to enable the assessable profits to be readily ascertained and shall retain such records for seven years from the transaction date. Thankfully, we provide bookkeeping services for your convenience.
Failure to comply with the requirements of the Ordinance without reasonable excuse may be liable to a maximum fine of $100,000 HKD.
Talent Fields will ensure that your company complies with the accounting standards and regulations by reviewing the financial performance as follows:
- Maintenance of Accounting Books & Records
- Management Accounting
- Preparation of Specific Financial Report/ Statutory Financial Statements
- Accounting Reviews & Consultancy Services
- Statutory Annual Audit Arrangement
Our Comprehensive Audit Services
In accordance with the requirements of the Hong Kong Companies Ordinance, every company incorporated in Hong Kong must audit their accounts by Certified Public Accounts (CPA) in Hong Kong and file the audited report with Profit Tax Returns to the Inland Revenue Department(IRD). The first financial statements shall cover a period not longer than 18 months from the incorporation date.
Talent Fields will work with our audit partners to perform a comprehensive and time efficient services.
The financial statements will consist of the following:
- Statement Comprehensive Income (i.e. Profit and Loss Account)
- Statement of Financial Position (i.e. Balance Sheet)
- Cash Flow Statement
- Statement of Changes in Equity
*The director(s) of the company are responsible and accountable for complying with the annual filling requirements. Failure to comply with the statutory compliance can lead to fines or prosecution.
Accounting and audit services is not all we offer at Talent Fields HK. We can also provide expertise in human resources outsourcing, payroll outsourcing and company formation services for your business in Hong Kong.
Get In Touch For Your Accounting And Auditing Needs Today!
We’re here to help you with the tough stuff when it comes to accounting and auditing for your business in Hong Kong. Give us a call for more details or to discuss booking our services today!