Simplify Your
Hong Kong Accounting with Precision
One IBC delivers expert accounting services in Hong Kong, ensuring your financial records align with Inland Revenue Department standards effortlessly.
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Why Use One IBC for Your Hong Kong Accounting?
Partner with One IBC to manage your accounting in Hong Kong seamlessly, leveraging our established expertise
and dedicated support—discover what sets us apart:
Specialized Hong Kong Knowledge
Operating from our Cosco Tower office among 32 global branches, One IBC ensures your accounting meets IRD and HKFRS requirements with precision.
Efficient Financial Management
We streamline your bookkeeping and reporting process, saving you time while ensuring accuracy for tax submissions.
Tailored Support for Compliance
One IBC provides ongoing guidance, helping you maintain audit-ready records and avoid penalties in Hong Kong’s regulatory landscape.
Secure Your Hong Kong Accounting Now with
One IBC!
The IRD requires businesses to maintain accurate financial records for at least 7 years, adhering to HKFRS, to ensure proper tax reporting and avoid fines for non-compliance.
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How to Manage Your
Hong Kong Accounting in 3 Easy Steps
Partner with One IBC to handle your accounting in Hong Kong seamlessly—here’s how in three simple steps:
Assess Your Financial Needs
We evaluate your business’s accounting requirements, identifying necessary records like profit and loss statements and balance sheets for compliance with HKFRS.
Organize and Record
One IBC collects your financial data and prepares accurate records, ensuring all transactions are documented per Hong Kong’s regulatory standards.
Review and Report
You receive detailed financial reports and tax filings submitted to the IRD, keeping your business compliant and audit-ready.
How We’ve Supported Our Clients
As a global management consulting firm, we drive competitive success by delivering measurable results. We help clients boost performance and innovation through sustainable, efficient execution.
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Frequently Asked Questions
The Government of Hong Kong requires all incorporated companies to maintain financial records of all transactions, including profits, revenues, and expenses.
18 months from the date of incorporation, all companies in Hong Kong are required to file their first tax report which consists of accounting and auditing reports. Furthermore, all Hong Kong companies, including Limited Liability, the annual financial statements must be audited by external independent auditors who hold the Certified Public Accountants (CPA) license.
One IBC offers our Accounting & Auditing services to all of our clients who are operating their companies in Hong Kong. Our offered services include:
- Coordination and advice for setting up bespoke accounting systems.
- Bookkeeping and annual accounts preparation.
- Periodic management accounts and reports.
- Budget and cash flow preparation and forecasts.
- Compliance with Hong Kong Inland Revenue Department (IRD), Securities and Futures Commission (SFC) reporting requirements if any.
There are mainly 3 types of tax returns, you need to file to the IRD: Employer’s Return, Profit Tax Return and Individual Tax return.
Each entrepreneur is obligated to file these 3 tax returns each year since the first return is received.
If you have formed a HK company, you’ll receive your first Profit Tax Return (PTR) in 18 months after the date of incorporation. Thus you’ll need to properly prepare your accounting records and submit your first audit report together with the completed tax return to the IRD.