Accounting/Audit and tax representation

Every year, HK limited companies have to do their accounting and get their books audited by a practicing CPA

Affordable

We offer affordable accounting that include Accounting, Auditing and Tax Filing (from a partner as the accountant cannot be the same as the auditor).

Transparent

We have standard packages for clients with turnover between 0 and 5 million HKD.

If you have a turnover above HKD5,000,000 we can create a custom quote based on your requirements.

Unique

What is really unique about us is that :

  • We provide accounting, audit and tax representation in the same package (it’s full service)
  • We charge according to turnover level, not based on transaction (and this is really the good news for you) – we still put a 2,500 transaction cap on our standard package.
  • We use technology to help us and therefore reduce the bill for our clients by finding creative solutions to their complex challenges

This has helped us to gain specific expertise with e-commerce and Amazon Shop clients in addition to our more traditional trading and business services clients.

Depending on your needs and budget, we can do your accounting annually or on an ongoing basis

We can also use Xero to keep your accounting nice and tidy using cloud-based software

 

Visit: www.xero.com

Specific expertise with:

e-commerce

Business Services

Trading

Digital Nomads

ATHENASIA IS DIFFERENT

Why work with us?
  •  All inclusive package
  • No hidden fees – 100% transparent and complete about our services and pricing
  • Boutique customer service (talk to humans)
  • Competitive pricing
  • Really approachable
  • Clear and easy

 

This approach has earned us the trust of existing clients, countless referrals and new “shopping clients” undecided between several providers…

ACCOUNTING FEES

We offer FULL PACKAGES including accounting, audit and tax representation.

We don’t charge per transaction but based on your level of turnover (which is better for you). We have standard prices for turnover from HKD0 to HKD5,000,000 (Unlimited transactions).
If you have more than HKD5,000,000 in sales. Don’t hesitate to call us and we will develop a custom quote with you.

Here are our standard rates. You have 3 choices: Annual, Quarterly or Monthly accounting (we include a Xero subscription)

 YEARLYQUARTERLY or MONTHLYCUSTOM
Personal account manager
Transactions during the financial yearUNLIMITEDUNLIMITEDUNLIMITED
Turnover level (sales)< HKD 5,000,000< HKD 5,000,000> HKD 5,000,000
Full set of accountOnce a YearOnce per Quarter/MonthYear, Quarter, Month, or even Weekly
Audit
Tax computation
Tax representation
Complete and submit tax return
Xero or Quickbooks subscriptionXero LedgerXero SubscriptionXero Subscription
Receipt bank subscription
Multiple currency
PricingBetween
HKD 8,500 and 28,000
/Financial Year
Between
HKD 11,750 and 38,400
/Financial Year
TBC*
(Based on your case)

Contact Us

Let us know how we can help you

    Frequently Asked Questions

    I didn't do anything with the business should I do the audit?

    Yes, you should! Unless you have really done anything. Not a single transaction. For example, you didn’t open a bank account and you didn’t sell nor buy anything. In this case, you can file a notice of a non-commencement of business. Otherwise, you have to do your accounting and get it audited by a practicing CPA.

    What is the difference between the accounting and audit?

    The accountant is putting your accounts together to reflect the financial performance of your business. The auditor is a third party that will check that the accountant did a good job. This is why they have to be different people. We partner with auditors so you just have to work with us and we will handle everything for you.

    What is the tax rate in Hong Kong?

    Hong Kong has a 2 tiers tax system for corporate tax. 8.25% for the first HKD 2 million profit (meaning after deducting expenses from your revenues) per year and 16.5% on the remaining amount.

    For your information, there is no GST/VAT in Hong Kong (Careful if you sell in other jurisdictions),  no tax on dividend (careful if you live in a jurisdiction that tax foreign income), personal tax is progressive, and capped at 15%.

    Should I claim offshore tax exemption?

    Although we can help you with the process, we normally do not advise our clients to apply for offshore tax exemption because:

    Be careful! The offshore tax exemption is not the equivalent of paying 0% tax. It just means your profit has not been taxed YET.

    Please keep in mind that claiming the offshore tax exemption can be costly and there is no guarantee. Furthermore, by proving you have no substance in Hong Kong (No permanent establishment, no operations, no sales…) you let the door open for other jurisdictions to ask you to pay corporate tax on your profit in their countries. We advise you to have a good international tax lawyer if you want to go on this path.

    If you have this all covered! Sure we can help you with the application.

    Testimonials