We use professional accounting software MYOB to prepare financial statements, which including balance sheet, profit and loss statement, cash flow statement, etc. We tailor make the accounting services for our customers, this allow us to fit their need.
By using our accounting services, clients can obtain cost and time saving for the whole accounting department and focus their resources and time in business operations and project development aspect. We will also provide our financial analysis and advices, which allow clients to build a strong financial status.
Reasons to have professional accounting services:
The Hong Kong Inland Revenue Ordinance requires all Hong Kong Companies to keep sufficient records (in English or Chinese) to enable the assessable profits to be readily ascertained. All records must be retained for at least seven years from the transaction date. It is an offence not to keep adequate records. The company can be penalized for not doing so by being fined up to $100,000.
In many cases, Hong Kong Inland Revenue Department only checks the accounting records of the companies few years later. Without prior accounting records and supporting, the tax computation cannot be substantiated and heavy penalty will be applied.
There are also many other sound reasons why company should keep accurate business records. Here are some:
Features of our professional accounting services: