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Tang Accounting Services Limited promises to its client its capability of handling its clients’ requests and catering to their needs in professional manner. We are specializing in Accounting, Auditing and Taxation services. We can provide assurance services to organization, corporate body and individuals to meet statutory requirements.
In addition, we also provide services of both Hong Kong and China company incorporation, winding-up, business management and company secretary, etc. We will also provide internal audit services which could help company to improve and to enhance the company management.Our client portfolio including different industries ranging from wholesale and retail trading, manufacturing, catering, education, publishing, transportation, travelling, incorporated owners, telecom, franchising, web stores, information technologies, etc.
All Hong Kong companies should keep a proper business record and prepare the annual financial statements for statutory audit. Nowadays, small-to–medium-size companies (SMEs) usually subcontract its accounting work to experienced professionals in order to minimize its operating costs and achieve a higher level of financial management requirement.
According to the Companies Law, the annual accounting report of a Hong Kong limited company must be subject to statutory audit by a certified public accountant holding a practicing certificate. The accountant must have professional qualifications and be recognized by the relevant legislation. Our work is in accordance with the accounting and auditing standards established by the Hong Kong Institute of Certified Public Accountants, and is regulated by the Institute’s Code of Professional Conduct, with special emphasis on the independence of auditors and the confidentiality of client information.
One of the statutory requirements under the Inland Revenue Ordinance states that a limited company incorporated in Hong Kong has to submit its Profits Tax Return together with the audited financial statements. Moreover, according to the Hong Kong Companies Ordinance section 111(1) and 122(1), limited company should prepare its audited financial statements and lay before its annual general meeting. Therefore, a newly incorporated limited company should prepare its first audited financial statements within 18 months since its incorporation.
Apart from the annual statutory audit, special audit on financial statements of the company is required in one of the following situations in order to protect the interests of shareholders:
The Inland Revenue Department (“IRD”) will issue tax return to individuals, sole proprietors, partnerships, property owners and limited companies. Such persons and corporations should complete and file the tax return within 1 to 3 month from the issue date of the tax return together with the required documents to the “IRD”. Profits tax return will be issued within 18 months from the commencement date of business of companies in Hong Kong. Should the person haven’t received the profits tax return from the “IRD”, he/she should notify the “IRD” its chargeability of Hong Kong Profits Tax.Tax Return can be completed by the taxpayer and returned to the “IRD” by post. However, taxpayers usually do not have the professional knowledge and are liable to pay more tax than they should if they wrongly complete the profits tax return. Some taxpayers even be prosecuted and fined due to omission of information to be completed on the profits tax return. We are experienced with handling tax issues with the “IRD” and confident to minimize your risk on filing a wrong tax return.We have years of experience in taxation consultancy which would increase the efficiency of handling various individual and corporate taxation issues and your time and resources can be focused on the development of your company’s business.
Our scope of services includes:
- Preparation and filing a tax return
- Calculating the estimated tax liability
- Tax planning preparation
- Assist customers to reply any inquiries issued by the IRD
- Act as the tax representative of our customers on objection of tax assessments
We specialised in the following tax services:
- Profits Tax
- Profits Tax for self-employed (a sole proprietor or a partner of a partnership business)
- Salaries Tax for employee
- Property Tax
- Stamp Duty
Our fee will be charged according to situation of each individual case. If you would like to engage us for the provision of the above services, please contact us immediately. Unnecessary delay will only lead more tax problems!
Provide Sample Memorandum and Article of Association ("M&A") (Only company limited by shares- Prepare and submit appointment of directors, company secretary, founder members and related document- Collect Certificate of Incorporation ("CI")- Collect Business Registration License ("BR")- Provide certified true copy document- Act as company secretary of the company- Prepare and submit Annual Return- Prepare forms and documents for the following circumstances:
The newly established Hong Kong Limited Company may be established within 10 working days after completing the application procedure. Customers only need to fill in our application form, including the proposed company name, first shareholder, director and company secretary information, registered address and identity documents such as Hong Kong identity card, copy of passport or other supporting documents. We will handle the rest of the application process for you. After receiving the customer’s application, we will prepare relevant documents within 1 to 2 working days. After the document is signed, we will arrange to submit and apply for the company registration certificate on behalf of the customer. After the successful registration of Hong Kong Limited, we will submit the business registration certificate for the client’s company. In order to assist our customers in opening bank accounts in Hong Kong, we will provide them with verified copies of the documents necessary for opening bank accounts.
Apart from the incorporation of a new limited company, we also provide shelf companies for those who cannot afford waiting 10 working days. The shelf company is a company that was created and left with no business activity. You may simply take over the shelf company by purchase its shares and this procedure will normally take 1 - 2 days to proceeds. In other word, you can run your business immediately on day after purchase.Upon your request, we will provide you a list of shelf companies for you. Once received your order, we will prepare respective documents for your signatures and arrange stamping the share transfer documents on behalf of our customer. At the same time, we will submit the application for a business registration certificate for the company and documents to notify the Companies Registry about the resignation and appointment of directors, company secretary and changes of registered office address.
In general, company limited by guarantee is set up for purpose of advancement of education, religion, relief of poverty, trust and foundation, etc. Most Institutes formed by this structure are not for profit-marking but they may not be charitable. If an institute would like to be a charity, it must be established for purposes which are exclusively charitable according to law.
For Institute which fit for the following purpose, we can help them to apply Approved Charitable Institute (“ACI”):
