The company needs a qualified accountant with practical experience to act and handle:
  1. Establishing internal control sequences and systems;
  2. Identifying operational risks and corresponding measures;
  3. Processing of more complex accounting transactions;
  4. Tax compliance check;
  5. Communicating with banks, auditors, different partners or minority shareholders;
  6. Mobile cash forecasting or use of funds control.
  At present, most of the important operations of the company have been moved to mainland China.
Therefore, the company needs loyal personnel with and relevant experience to assist in the business and accounting work of the company in both Hong Kong and China.
  Tax Compliance Test
  We have found that many people report tax returns through tax representatives every year. They do not pay attention to the contents of the tax return and whether the information provided has sufficient proof and support. The Inland Revenue Department adopts the on-site review and the "Assess First, Audit Later" approach to deal with the case. The taxpayer mistakenly believes that there is no problem with the same practice every year. Only when the tax bureau reviews it the problem is made aware of.
  1. Understanding the roles of different companies of the client and whether they meet the tax requirements of the Inland Revenue Department in taxation;
  2. Focusing on the areas of the day-to-day practice of current methods of recording income and deducting expenses from taxes that may be challenged by the Inland Revenue Department;
  The scope of work:
  Tax compliance of profits tax

Check whether the company or taxpayer has fulfilled its due responsibility under the Inland Revenue Ordinance, including but not limited to:
  1. Properly maintaining accounting records in accordance with the "A Guide to Keeping Business Records" of the Inland Revenue Department;
  2. Accounting practices and conventions are accepted by the Inland Revenue Department (for example, the cash payment system cannot be accepted by the Inland Revenue Department);
  3. Accounting treatment or tax sensitive items such as ascertaining:
    Time of receiving income;
    Time of incurring cost or expense;
    Inventory valuation and entry and exit records;
    Legality of claiming deductible expenses (e.g., interest expenses);
    Consistency of accounting treatment (e.g. processing cost).
  4. Voluntarily notifying the Inland Revenue Department when there is taxable income;
  5. The employer's responsibilities under the Inland Revenue Ordinance, such as:
    Declaration of commencement of new employees;
    Declaration of employee departure;
  6. The remuneration in the audited financial statements is consistent with those reported in the "Employer's Return of Remuneration and Pensions";
  7. The tax return is accurately reported and matches the accounting book and records.