Accounting and tax filing services
Receipts, invoices and bank transactions need to be classified, reconciled and recorded to produce reliable financial information. The resulting accounts support tax calculations and any applicable audit work.
WeCorp arranges bookkeeping, financial statement preparation and tax filing for limited companies, sole proprietors and partnerships, as well as personal tax filing. The scope, required records and fees are set out before work begins.
Accounting and tax filing services — indicative fees
| Service item | Price range (HKD) |
|---|---|
| Turnover: no activity to approximately HK$1,000,000 | HK$3,800–HK$10,000 |
| Turnover: HK$1,000,000–HK$3,000,000 | HK$10,000–HK$16,000 |
| Turnover: above HK$3,000,000 | By quotation |
| Individual tax filing services | HK$800–HK$3,000 |
| Tax enquiries and extension applications | HK$800–HK$3,000 |
| Tax examination and other follow-up services | By quotation (case-dependent) |
Fees are indicative for accounting and tax filing services. Actual fees depend on the company’s size and requirements.
Accounting and tax-filing services start at HK$1,000 per month. Monthly fees and the turnover-based or individual service ranges in the table use different pricing bases. The actual work and fee are specified in the quote.
Accounting work and audit preparation
Where a statutory audit is required, WeCorp arranges the audit and preparation of the supporting records. An appropriately qualified Hong Kong practising accountant carries out the audit and signs the report.
Accounting and tax records checklist
Business structure, accounting period, years to be covered and any tax returns or notices already received.
Bank and transaction records: bank statements and any relevant payment-platform settlements, receipts, payments, refunds and fees.
Sales and purchase documents: sales contracts, quotations, invoices, purchase orders and other cost records, with shipping, inventory, customer and supplier schedules where applicable.
Rent and other expenses: tenancy agreements, virtual office invoices, travel records and evidence of other miscellaneous business expenses.
Payroll: payslips, salary records, MPF contribution records and employer reporting information such as IR56B.
Accounting and tax services
- Bookkeeping and financial statements: record income and expenses, and prepare profit and loss statements, balance sheets and supporting information. Periodic management reports on cash flow and profitability are provided as required.
- Records and reconciliation: classify and file income, expense and transaction documents, reconcile bank transactions, receivables, payables and other balances, and identify missing or inconsistent information.
- Audit preparation: compile asset, cost, expense and other accounting schedules and supporting documents.
- Company tax filing: calculate tax, prepare and submit returns, and follow up relevant tax correspondence.
- Payroll and employer returns: organise payroll and MPF records and prepare applicable employer reporting information.
Services are provided within the agreed scope. Payroll, employer returns and additional tax enquiries are identified separately in the quote.
Arranging accounting and tax filing
Scope and quote: confirm the business structure, accounting period, available records and filing deadlines, then set out the work and fee.
Bookkeeping and statements: organise transactions, reconcile bank and account balances, and prepare financial statements and schedules.
Audit and tax computation: compile the schedules and documents for any required statutory audit. A Hong Kong practising accountant completes the audit and signs the report before the completed accounts and applicable tax adjustments are used to finalise the tax computation and return.
Review, signing and submission: the client confirms the information and completes the required signatures before submission. Filing records are retained and relevant tax correspondence is followed up.
Missing records and prior-year accounts
Available records are checked against a list of missing items, with follow-up organised by year and task.
Prior-year accounts, outstanding returns and tax correspondence are reviewed together to identify the relevant periods, deadlines and work required.
Tax filing services by business type
Hong Kong limited company tax filing services
WeCorp arranges tax filing services for Hong Kong limited companies, including bookkeeping, preparation of financial statements, profits tax calculations and tax return preparation.
Tax filing services for sole proprietors and partnerships
Tax filing for sole proprietorships and partnerships starts with business income, expenses and profit records. Separating business and personal transactions, and recording each partner’s share of profits where applicable, helps establish the figures needed for the return.
Personal tax filing services in Hong Kong
Personal tax reporting covers employment, property and other applicable income. Allowances, deductions and assessment choices also affect the amount payable, so income records and supporting evidence need to relate to the correct year of assessment.
Related services and insights
Hong Kong profits tax calculator
Profits tax is calculated on assessable profits rather than turnover or the bank balance. This calculator estimates tax under the standard and two-tier rates for corporations and unincorporated businesses, using the applicable settings and conditions shown below.
Hong Kong company tax filing with no business activity (Traditional Chinese)
An overview of filing responsibilities, first returns, required records and common questions for companies with no business activity.
Frequently asked questions
Can work begin before all records are available?
Available accounts, statements and returns can be checked first to identify missing records and years.
What does the quote include?
The quotation identifies the selected bookkeeping, financial statement, tax calculation and filing services. Audit and additional tax follow-up are itemised separately.
How does bookkeeping connect with an audit?
WeCorp arranges preparation of the accounts, financial statements and supporting audit records. A qualified Hong Kong practising accountant carries out the statutory audit and signs the audit report.
Does a business with no revenue still need records?
No revenue does not mean no transactions. Bank fees, payments made on behalf of the business and other balances still need checking. Any return received must be dealt with as required.
Service enquiries and quotes
Contact WeCorp by WhatsApp for service details, required documents and a quote.