Bookkeeping, statements, audit, and tax filing – for your Hong Kong, China, or Singapore company.
An annual cycle you don’t track. We collect the documents, prepare the statements to the local standard, walk them through audit, and file the tax return on time – year after year, in each jurisdiction.
Annual cycle by jurisdiction
Three jurisdictions, three different rhythms
Hong Kong runs on the company’s incorporation anniversary, China demands monthly filings from day one, and Singapore is driven by your financial year-end. The standards and audit rules are different, and the deadlines don’t line up. We run all three on the same internal calendar.
Hong Kong
Statements prepared to HKFRS. Audit by a licensed Hong Kong CPA, mandatory for every active company – there’s no revenue threshold below which audit is optional. Profits Tax Return filed with the IRD alongside the audited statements. First reporting starts about 12–18 months after incorporation.
China (WFOE)
Statements prepared to Chinese Accounting Standards. Monthly VAT and IIT filings by the 15th, from day one – no first-year grace period. Annual audit by April 30, CIT reconciliation by May 31, AMR annual report by June 30. Miss the AMR and the company lands on the Abnormal Operations List, which is the kind of thing the bank notices.
Singapore
Statements prepared to SFRS (or SFRS for Small Entities). Most owner-operated companies qualify for audit exemption under the small-company test. ECI within 3 months of year-end, Annual Return with ACRA within 7 months, and the corporate tax return (Form C-S or C) by 30 November of the following year of assessment.
How we work
Where most accounting firms get the work wrong
Most online and Asia-based accounting firms process what they’re given, without asking whether the numbers match the business, or recommending how to improve your statements. The cost shows up later, when a tax inspection or bank compliance turns up something wrong, or when you pay more tax than you should. We do the work the way we’d want it done on our own books.
We learn the business before we open the books
Before any categorisation, we sit with you to understand what the company does – what it sells and who buys it, and how the entities in your structure relate to each other. That context shapes every line of the statements. Without it, the numbers can be technically correct and still tell the wrong story to a tax inspector reading them later.
We know the patterns that draw inspector questions
Related-party transfers without proper documentation. Margins that look too round or too thin, and categories that don’t match the operating reality of the business. A bank reviewer or a tax officer reading the statements two years later sees these patterns within minutes. And, for Hong Kong companies claiming offshore status, the auditor reviews 100% of invoices – not the sample – so document gaps matter even more. We catch the issues before the audit signs off.
We don’t sign off on numbers we can’t defend
Every set of statements goes through an internal review before it reaches the CPA. We check the categorisations against the business, and the supporting documents against the categorisations – then we compare everything with prior periods. Anything that doesn’t hold gets fixed first. You don’t have to read draft statements and decide what’s risky – that’s our job, before the auditor sees them.
From the YouTube series
See the full annual cycle, jurisdiction by jurisdiction
Videos on YouTube from our Hong Kong and China series. Each one walks through what gets filed and on what timeline, plus what happens if a step is missed.
Hong Kong: the full annual cycle
Business Registration renewal, NAR1 Annual Return, bookkeeping, the mandatory audit by a Hong Kong CPA, the Profits Tax Return, and what changes if you hire employees or own property in Hong Kong.
Watch on YouTube →
China: reporting, licenses, inspections
The monthly and annual reports a Chinese WFOE files, the licenses some industries need on top of the Business License, and the five inspections a WFOE faces – from account opening to the annual compliance check.
Watch on YouTube →Common questions
What founders ask before they sign up
If your question isn’t here, book a call – we’ll discuss your case in detail.
When does accounting start for my company?
Document collection starts from day one in all three jurisdictions – invoices, contracts, receipts, bank statements. After that, the cycles diverge.
Hong Kong gives you a soft start: the first formal cycle (financial statements, audit, Profits Tax Return) runs 12 to 18 months after incorporation. China is the opposite – monthly VAT and IIT filings from day one, no first-year grace, and even zero-revenue companies file zero returns. Singapore is driven by your financial year-end: ECI three months after year-end, Annual Return within seven months, Form C-S or C by 30 November of the next year.
Do you handle the audit too, or just the bookkeeping?
In Hong Kong and Singapore we’re a single window for the whole cycle – bookkeeping, financial statements, coordination with the licensed CPA for the audit, and the tax return.
China works differently. We handle the accounting and the ongoing consulting, but your company needs an in-house treasurer – the 出纳员 (chūnàyuán) role – a Chinese-speaking employee who collects physical invoices, prints and sorts paperwork, downloads bank statements, and handles communication with banks and government offices. Chinese reports require physical paper copies, stamped and stored, so the treasurer role isn’t optional. Without it, a Chinese company can’t really operate. We walk you through what the role does at setup.
What if I’m missing receipts or contracts for past transactions?
We work with what you have. For transactions where the receipt is missing but the bank statement shows the payment, we can usually reconstruct enough context to categorise it – with a note on what’s documented and what isn’t. Going forward, we set up the document discipline (templates, monthly folder structure, what to keep and how) so the gap doesn’t repeat.
In the worst case for small undocumented amounts, we can reclassify them as advances to the director – with proper documentation – and the director carries the balance until it’s settled. This works, but not as a rule; it’s not a substitute for proper records going forward.
One caveat for Hong Kong: if you plan to claim offshore status, the auditor reviews 100% of invoices instead of the 10–30% sample applied to onshore companies. Gaps that don’t matter for onshore status can disqualify an offshore claim. Tell us early which path you’re on, and we’ll calibrate the discipline accordingly from day one.
Can you take over accounting for a company we didn’t set up?
Yes. We start with a handover review of the prior bookkeeper’s work – the latest set of statements and the current document discipline, plus any open items with the tax office or the auditor – and identify what needs catching up before we run the next cycle clean.
If we find issues from prior years, we tell you what they are and what fixing them looks like. You decide what to clean up and what to leave. Most conversions take one to two months of overlap before everything settles into our normal cycle.
How does pricing work?
Pricing is tiered by your company’s annual turnover. The tier moves to the next bracket as the company grows.
On the consultation call, you tell us your projected or actual turnover for the cycle and what’s in scope, and we agree the tier together. We share the calculator privately and you’ll see the breakdown for your specific company before any commitment.
Book a free 30-minute call.
You explain your company – jurisdictions, turnover, where you are in the cycle – and we’ll tell you how we’d run the books and what the year looks like.
Book a free 30-min call →