Accounting, Audit & Taxation - Accounting services

Section 51C of the Inland Revenue Ordinance requires every person carrying on a trade, profession or business in Hong Kong to keep sufficient records of his income and expenditure to enable the assessable profits to be readily ascertained.  Such records shall be retained for a period of not less than 7 years.  Failure to comply with these requirements may be liable to a maximum fine of HK$100,000.

Under Section 373 of Companies Ordinance, directors of a limited company, who wilfully fails to take all reasonable steps to keep proper accounting records, even commits an offence and is liable to a fine of HK$300,000 and to imprisonment for 12 months.

Advantages of engaging Dignity Accounting to provide accounting services:

- Save operating costs, e.g. cost of purchasing accounting software and salaries/staff benefits on in-house accounting staff;

- Save your time on managing and keeping accounting records;

- Gain higher quality of services since all the accounting services are supervised by our experienced professional accountants; and

- Expectable and controllable costs and time for getting reliable accounting records and reports (Standard fee per number of transactions, and standard completion time).

Our services include but not limited to the following:

- Prepare voucher and data input into the computerized accounting system;

- Prepare general ledger, cash account, bank account, accounts receivable and accounts payable;

- Prepare bank reconciliation;

- Prepare financial statements including balance sheet, income statements and cashflow statement; and

- Prepare high-level business performance review reports.

Our accounting services start from HK$1,000 and special offer may be available occasionally, please contact us at 2810 7222/ 2180 7221 for details.