Every hour an entrepreneur spends on accounting and administrative tasks is an hour taken away from growing the business. Let M1615 handle your bookkeeping and accounting so you can focus on your business. Our work is led by our founder, Roy Chan, Washington State (US) CPA.

• Accounting: We record your company's transactions and prepare its accounts in line with the applicable accounting standards. It helps you monitor your company's finances more effectively.

• Audit: An audit is the independent examination of your company’s annual financial statements by a certified public accountant (practising) in Hong Kong.. This is a mandatory requirement under Hong Kong law, providing assurance when opening a bank account, selling your business, or determining tax obligations.

• Tax: We assist in determining whether your company needs to pay Profits Tax, and prepare and file your Profits Tax Return. If tax is due, we calculate the amount and advise on legal tax savings.

Yes. A limited company incorporated in Hong Kong must have its annual financial statements audited by a practising CPA. The main exception is a dormant company that passes the special resolution required under the Companies Ordinance.

• Offshore Companies: Profits that do not arise in or derive from Hong Kong are not subject to Profits Tax. Offshore claims must be supported by evidence and are subject to IRD review.

• Onshore Companies: Companies operating in Hong Kong pay 8.25% profits tax on the first HK$2 million of profit. Profits exceeding this amount are taxed at 16.5%.

For more details on Hong Kong profits tax and offshore tax exemptions, refer to our comprehensive video guide.

Each item that has to be recorded in your books counts as one transaction, for example a deposit or withdrawal on your bank or payment account, a supplier invoice or an expense receipt.

If a standard plan doesn't fit your business, we can quote for one that does. Contact us at [email protected]

for more information.