Accounting and Auditing
Good accounting helps with day-to-day account maintenance as well as the auditing of financial statements for the submission of your company’s annual returns.
Bookkeeping, accounting and up-to-date financial records are so important – for every business. Here at T8, we offer a comprehensive outsourcing solution for all your accounting needs - whether you’re recently established or a long-standing company.
Optimise Your Business
A good accountant removes auditing stress, provides crucial information about your company and really helps with the managerial decision-making process. Having correct accounting records is also part of your company’s statutory requirements.
Here at T8, we will save you time and money with our experienced and highly skilled accountants. Our services include:
- Maintaining up-to-date accounting on either Xero or QuickBooks cloud systems
- Ensuring full access to your accounts 24/7
- Setting-up your Chart of Accounts (COA)
- Delivering monthly management reports
- Working with your auditors if clarification is needed
The Hong Kong Companies Ordinance stipulates that a company’s annual financial statements must be audited by a Certified Public Accountant (CPA). The audited financial statement must then be presented to the company’s shareholders at the AGM and then submitted, or retained for later submission, to the Inland Revenue Department.
T8 will ensure that your company’s audit is carried out efficiently, on time and conducted in accordance with the Hong Kong Auditing Standards. The fees will depend on how complex your corporate structure is and the scope of the audit arrangements.
Under the Company Ordinance, companies must submit a profit tax return within 18 months of incorporation.Please refer to https://www.ird.gov.hk/eng/tax/bus.htm