Accounting & Management Reporting
Hong Kong has set guidelines for financial compliance. We can manage these requirements on your behalf both for the Inland Revenue Department (IRD), as well as regular updates to facilitate management of your business.
Annual Audit
All incorporated companies must submit a yearly audit conducted by a Certified Public Accountant (CPA) as part of statutory accounting in Hong Kong. The audit reports must contain an intricate set of accounts, including:
Financial statements for the current year and the corresponding figures from the previous year.
Balance sheet.
Cash flow statement.
We partner with CPAs to complete the mandatory audit and handle administrative tasks for you.
Management Reporting
Our management reporting service assists you in swift decision-making.
Our comprehensive management reporting service empowers you to track and understand every facet of your business.
Our reports provide your executives with valuable insights, enabling them to make informed decisions that align with your interests and targets, allowing your company to thrive.
Data-driven decisions are at the core of every successful business.
We provide quality assistance that maximises your organisation's efficiency.
We focus on crafting usable reports, at any interval, that benefit you
✔ Establish achievable goals and ensure you are on track to meet or exceed them.
✔ Forward-looking operational and financial reporting that results in quick and informed decision-making.
✔ Unaudited financial statements that help you keep track of cash flow.
✔ Supporting the leadership by actively monitoring real-time KPIs and providing strategic recommendations.
✔ Our monthly insights can improve your company's performance through risk management, resource allocation, stakeholder communication, and more.
We have helped 50+ businesses succeed by providing them with the resources necessary for success.
From startups to established enterprises, we handle mandatory accounts and provide year-round accounting and advisory support for businesses of all sizes.
Frequently Asked Questions
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All limited companies in Hong Kong have to submit an annual audit to the IRD, regardless of their size. The requirement applies to smaller companies otherwise eligible for simplified financial reports. The only exception are dormant companies that have been registered as such.
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An audit conducted by an independent CPA confirms that the figures provided by the business to the IRD can be relied upon. The audit provides a comprehensive review of your company's finances while also providing your shareholders with credible information.
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Failing to submit your annual audit and profits tax returns will result in the IRD investigating your company, potentially leading to significant penalties. The severity of the penalties is determined by the frequency of the offence and the amount owed. It can also lead to fines levied by the Companies Registry.
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Our management reports span all departments and company levels to give you a holistic view of your organisation. Our reports include financial reports, unaudited statements, market trend insights, budget reports, payroll reports, HR reports, and strategic planning summaries.
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A good management report is clear, concise, and provides actionable tips. We leverage KPIs (Key Performance Indicators) to provide you with a clear visual representation of your company's product sales, budget, quality, staff count, and more.
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Management accounts are sets of financial reports that your company's managerial staff can utilise to gain insights into the financial performance of your business over a select period. Management accounts provide a detailed analysis that informs your strategy.
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Running a limited company in Hong Kong involves strict adherence to the framework outlined in the Companies Ordinance. One of the essential obligations is submitting an audit report performed by a Certified Public Accountant (CPA) alongside your tax return filings.