Online Accountants for Hong Kong Businesses
GP personal accountants who understand your business, take over your paperwork routine, and provide active business support
Dedicated Accountants
Backed by Smart Tech
What does an accountant do?
Working with numbers, examining your financial records and filing your Profits Tax Return make you exhausted? Let your accountant handle these boring tasks!
Accountant’s job is to make sure your company’s books are in order, compile the reports for you, suggest professional advice, make sure taxes are paid on time, and focus on business growth.
Accountants that care, think and deliver
Meet your dedicated accountant who will get to know your business to tailor your Osome service, and serve as your point of contact, advisor and the one in charge. Any question or problem you have — they are ready to assist you, while you can spend your valuable time on something else and get closer to success.
No more mistakes
Maintaining incorrect records or submitting your financial statements late can result in severe penalties. So an accountant stays on guard for your compliance with the authorities and prevents any additional expenses.
Personal touch
Sure, we provide access to an accounting software. That’s how we save your time. However, it needs accurate data to work properly. To use the software effectively and fully, an experienced human touch is necessary.
The roles of an accountant
at different stages of your business
Hong Kong accountants play different roles at various stages of a business. They contribute to a business’s growth. Accounting needs change as a business grows. No matter what stage your business is in, we’ve got you covered. Learn more below.
Writing a business Plan
Accountants help you ensure that forecasts are realistic and align with ongoing market conditions. An accountant chalks down the costs of starting and running the business and ensures the process is in compliance with the law.
Applying for a business loan or overdraft
Accountants spot cash flow issues and offer advisory on financing options such as business loans or overdraft. The accountant reviews your financial status, suggests the appropriate business loan for attaining the needed funds, and advises on taking an overdraft when required.
Buying a business
When thinking about buying another business, the accountant helps by conducting a performance evaluation of your assets, liabilities, profitability, and cash flow.
Taking on a franchise
Starting a business using the franchise model requires a sizable investment, followed by other expenses. Franchising involves several procedures, and employing a tax accountant can strengthen your position. Also, the accountant uses his experience, judgement, and industry knowledge to help curb business risks.
Legal structure of the company formation
An accountant can be most helpful in setting up the legal structure for your business. He offers guidance on essential aspects such as: preparing agreements for shareholders, share capital, types of shares and dividend policies, tackling tax-related obligations, and dealing with appropriate authorities.
Dealing with government paperwork
Businesses have lots of paperwork for the government, including those for the CR or Company Registry and the IRD or the Inland Revenue Department. Hiring accountants makes paperwork management easier. The accountant also makes sure the amount of tax payable is accurate and helps apply for a tax refund.
Control of income and expenses
Accountants help you attain total control of income and expenses, including allowances and government incentives. The accountant also makes sure your business cash flow is steady and safeguarded from any risks.
Audit of your company
The company Registry's current audit threshold stands at $100 million in total annual revenue and $100 million in aggregated assets. Companies with a lesser net worth and turnover are exempt from audit. An accountant helps by offering unbiased advice and ensuring that the financials adhere to the law and regulations.
Selling a business
When you decide to sell your business, the tax accountant helps by drawing a detailed exit plan, including the deal structure, associated taxes, and a financial plan for the business sale. The accountant helps you attain the three-year company accounts’ data for gauging your valuation.
Benefits of Osome Acountant
1. Gives professional advice
An accountant will prepare unaudited reports, arrange an audit for a specific financial period and ensure the PTR is submitted to the Inland Revenue Department on time
2. Thinks in advance
A professional and skilled accountant can spot problems by analysing your financial data in the past years and forecasting new plans and strategies for the following years to prevent costly and redundant actions and arrangements
3. Provides daily support
You personal bookkeeper collects, compiles, and analyzes your company’s financial data, prepares reports, and stays on top of your questions on a regular basis
4. Keeps you updated
An accountant can immediately tell you if legislation has changed, or if a new rule is out in order to comply with the standard and regulations by the HKICPA and the government of HKSAR
Trusted by GP entrepreneurs around
the world
89%
of customers recommend us
9,500
clients worldwide
part of an ecosystem
part of an ecosystem