Corporate Accounting Services
Under section 51C of the Inland Revenue Ordinance, every person carrying on business in Hong Kong is required to keep sufficient records of his income and expenses so that his assessable profits can be easily ascertained, and these records must be kept for at least seven years. Failure to comply with the Inland Revenue Ordinance without reasonable excuse will result in prosecution and penalties.
Entrepreneurs may not have enough budget to hire professional accountants to handle the company’s accounts, but clients can choose the accounting services of General Accounting, which can prepare accounting accounts on an annual, quarterly or monthly basis depending on the size of the business, thereby saving costs.
Tax Filing Services
General Accounting provides tax filing services for limited companies, including: applying for tax extensions, accounting, tax planning, and preparing profits tax returns. Our Customer Service Manager will follow up directly with customers one-on-one to ensure that the company applies for tax return extensions, submits tax returns and pays taxes on time, and ensures compliance with legal regulations and requirements.
Corporate Accounting Service Procedures
- Please click here to complete the application form
- Our Customer Service Officer will contact to verify company information
- Client personally delivers the documents to General Accounting
- Provide quotations for accounting and tax filing services
- Payment of required fees
- 6-8 weeks to complete the relevant procedures
Documents Requested for Company Accounting
- Balance sheet, income statement, accounting books, including general ledger, etc. (if any)
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Bank statements, passbooks and cheque stubs
(including cheque, savings, fixed and foreign currency accounts) - Sales invoices and delivery notes, purchase invoices and receipts
- Expense invoices and receipts (including petty cash reimbursement)
- Salary and MPF records such as employee tax returns, MPF monthly statements, and salary receipts
- Lease agreement, bank loan / overdraft / mortgage document
- Vehicle registration certificate, instalment contract documents (vehicles / machines)
- Auditor's report of the previous year, relevant tax calculation schedules, tax assessment statements and tax payment receipt from the Inland Revenue Department
- Meeting minutes and company secretarial documents(Annual Return and Documents Submitted to the Company Registry)
- Tax returns (if any)
Annually, Quarterly, and Monthly Accounting Service Plans
- Provide balance sheet and profit and loss accounts
- Assist in establishing an accounting system
- Organize accounting documents, archive them in order, and enter them into the computer
- Prepare ledgers, cash accounts, bank accounts, accounts receivable and accounts payable
Corporate Accounting FAQs
A: In the first year, you can choose your own cut-off date, which is generally until December 31 or March 31, and the auditor's reporting period cannot exceed 18 months, and the cut-off date is the same every year thereafter.
A: Yes, if the clients have relevant accounting knowledge, they can prepare their own accounting accounts and submit to the auditor to arrange the audit report.
A: Yes, the tax return must be submitted to the Inland Revenue Department together with the auditor's report issued by a Hong Kong Certified Public Accountant.
Ongoing Corporate Support Services
Tax Services
Professional tax advisors provide formal tax advice, enabling clients to enjoy the best tax benefits.
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Company Secretary
Professional company secretarial services, compliant with Hong Kong company regulations, freeing you from the hassle of business management, so you can focus on running your business.
Virtual Office
Enjoy the central location as the company's registered address at a low cost, providing one-stop mail collection, telephone and fax services.
Start Unlimited Company
The process of setting up a sole proprietorship/partnership unlimited company is simple and fast, helping you to embark on the path to entrepreneurial success as soon as possible.
Company Secretary
Professional company secretarial services, compliant with Hong Kong company regulations, freeing you from the hassle of business management, so you can focus on running your business.
Virtual Office
Enjoy the central location as the company's registered address at a low cost, providing one-stop mail collection, telephone and fax services.
General Accounting
- Established in 2005, General Accounting is committed to providing one-stop services including company secretarial, accounting and corporate tax filing for clients.
- Since its inception, the company has served more than 12,000 clients over the past 20 years, assisting customers in various industries to solve trivial business management matters.
- The professional team of General Accounting provides one-on-one customer service, listens carefully to customers' demands, and strives to provide professional services to customers, and aims to save clients time and costs so they can focus on business development.
- We will regularly remind our clients to process annual returns, company secretary renewals and corporate tax returns to assist them in completing the relevant procedures before the statutory deadline to avoid unnecessary fines or prosecutions that may increase the business burden.
- Trust or Company Service Provider Licence No.: (TC002940)
- In addition, General Accounting is also committed to social welfare, often providing professional services to various organizations, participating in many charitable activities and providing volunteer work for many non-profit organizations.
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