Section 51C of the Hong Kong Inland Revenue Ordinance (“the Ordinance”) requires every person and company carrying on a trade, profession or business in Hong Kong to keep a sufficient record of income and expenditure to enable the assessable profits to be readily ascertained and shall retain such records for not less than 7 years.
Anyone who fails to comply with the record-keeping requirements under Section 51C of the Ordinance shall be guilty of an offence and will be subject to a maximum penalty of HK$100,000.
Bookkeeping Services for Hong Kong Companies, Oversea Companies and Individuals:
A person (a limited company, an individual or a partnership) who carries on a trade, profession or business in Hong Kong is usually required to submit their first profits tax return within 18 months from the date of their first business registration. There are other filing obligations especially if they commence to employ staff or have rental income. We provide all-rounded tax compliance and consulting services to make you hassle free.
Tax compliance |
Tax consulting |
Cross-border tax services |
We provide the following services for Hong Kong company, overseas company, and individual:
We provide a variety of comprehensive insurance plans to protect your business from incidents such as fire, thefts or legal proceedings
We provide a line-up of medical plans based on your budget and requirements, covering different tiers of hospitalisation, out-patient and supplementary major medical services to protect your employee from the burden of costly expenses
Should the life assured for a key person policy passes away unfortunately or becomes inability to work, we provide liquidity to finance and support your daily business operation