Small business owners, entrepreneurs and managers face daily challenges on many fronts, from customer happiness and inventory, to marketing and technology. One of the biggest, they say, is their accounting function.

Hong Kong Corporate Services can establish a tailored database for your payroll system and provide monthly calculations of individual net salaries to be paid and summaries of total payments and deductions.

According to the Hong Kong Companies Ordinance, all Hong Kong Limited Companies are required to have their financial statements audited by a Certified Public Accountant (CPA). The audited accounts are required to be submitted together with the annual profits tax return filing to the Inland Revenue Department (IRD) as well, unless the company qualifies as a small corporation.

Governments around the world are implementing policies that demand greater financial transparency and seeking higher tax revenues from corporate taxpayers.