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Hong Kong Bookkeeping and Accounting Services


We understand the critical role that accurate bookkeeping and accounting play in the success of businesses operating in Hong Kong. Our comprehensive suite of bookkeeping and accounting services is tailored to meet the diverse needs of clients, ranging from startups and small businesses to multinational corporations. With a team of experienced professionals and a deep understanding of Hong Kong's regulatory environment, we offer reliable and efficient solutions to help clients maintain financial transparency, compliance, and strategic decision-making.

Our bookkeeping services encompass a wide range of tasks, including recording financial transactions, maintaining general ledgers, reconciling accounts, and preparing financial statements. By outsourcing these essential functions, our clients can streamline their accounting processes, reduce administrative burdens, and focus on core business activities. We leverage advanced accounting software and technologies to ensure accuracy, efficiency, and timely reporting, empowering clients to make informed financial decisions with confidence.

Furthermore, our team of qualified accountants provides personalized advisory services to help clients optimize their financial performance and achieve their business objectives. From budgeting and forecasting to tax planning and compliance, we offer strategic insights and practical solutions tailored to each client's unique needs and goals. Whether you're a small startup or a large corporation, we are committed to delivering exceptional bookkeeping and accounting services in Hong Kong that drive growth, profitability, and long-term success in Hong Kong's dynamic business landscape.

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Bookkeeping and Accounting Regulations in Hong Kong

In Hong Kong, accounting and bookkeeping regulations are primarily governed by the Inland Revenue Ordinance (IRO), the Companies Ordinance, and the Financial Reporting Standards (FRS) issued by the Hong Kong Institute of Certified Public Accountants (HKICPA). Here are some key regulations and requirements:

Financial Reporting Standards (FRS)


The HKICPA issues FRS to establish accounting standards and guidelines for financial reporting in Hong Kong. Companies incorporated in Hong Kong are required to prepare their financial statements in accordance with these standards, which are based on International Financial Reporting Standards (IFRS).

Companies Ordinance

The Companies Ordinance sets out the requirements for maintaining accounting records by companies registered in Hong Kong. Companies are required to maintain proper books of account, including records of all financial transactions, assets, liabilities, and revenue. These records must be kept at the company's registered office or another place approved by the directors.

Inland Revenue Ordinance (IRO)

The IRO governs taxation in Hong Kong and sets out the requirements for tax reporting and compliance. Companies are required to maintain accurate accounting records to support their tax filings, including records of income, expenses, assets, and liabilities. Tax returns must be filed annually with the Inland Revenue Department (IRD), and companies may be subject to tax audits to verify the accuracy of their financial records.

Auditing Requirements

Companies incorporated in Hong Kong are generally required to appoint auditors to conduct annual audits of their financial statements. The Companies Ordinance specifies the criteria for auditor eligibility and the scope of audit procedures to be performed. Audited financial statements must be submitted to shareholders and filed with the Companies Registry.


Penalties for Non-Compliance

Failure to comply with accounting and bookkeeping regulations in Hong Kong can result in penalties, fines, or other enforcement actions by regulatory authorities. Companies that fail to maintain proper accounting records, prepare accurate financial statements, or comply with tax reporting requirements may face legal consequences and reputational damage.

It's important for businesses operating in Hong Kong to stay informed of accounting and bookkeeping regulations and ensure compliance with all relevant requirements. 

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How can we help you

We offer comprehensive bookkeeping and accounting services in Hong Kong to assist you in maintaining accurate financial records, ensuring compliance with regulatory requirements, and optimizing your financial performance. Here's how we can help:

Expert Bookkeeping Services

Our team of experienced professionals can handle all aspects of your bookkeeping needs, including recording financial transactions, maintaining ledgers, reconciling accounts, and generating financial reports. By outsourcing your bookkeeping tasks to us, you can free up valuable time and resources to focus on running and growing your business.

Financial Analysis and Reporting

In addition to basic bookkeeping tasks, we provide in-depth financial analysis and reporting to help you gain insights into your business performance, identify trends, and make informed strategic decisions. Our customized financial reports can help you track key performance indicators, monitor cash flow, and measure your financial health.

Personalized Support and Advisory Services

We provide personalized support and advisory services tailored to your specific needs and goals. Whether you're a small startup or a large corporation, our team is dedicated to understanding your unique business challenges and helping you navigate them effectively through strategic financial management and advisory services.

Compliance with Regulatory requirements

We ensure that your financial records and reports comply with all relevant accounting standards, regulations, and tax requirements in Hong Kong. From adhering to the Financial Reporting Standards (FRS) issued by the Hong Kong Institute of Certified Public Accountants (HKICPA) to meeting the filing deadlines set by regulatory authorities, we help you stay on top of your compliance obligations.

Tax Planning and Compliance

We offer tax planning and compliance services to help you minimize your tax liabilities while ensuring compliance with the tax laws and regulations in Hong Kong. Our tax experts can assist you in preparing and filing your tax returns accurately and on time, as well as providing advice on tax-efficient strategies to optimize your tax position.

By partnering with us for your bookkeeping and accounting needs in Hong Kong, you can benefit from our expertise, efficiency, and personalized service, allowing you to focus on what you do best – growing your business.

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Meet our Advisors

With a robust background spanning over two decades, Sven has been instrumental in guiding numerous foreign investors through the intricacies of entering the China and Hong Kong markets. Having served as a strategic leader for numerous ventures, from burgeoning startups to established publicly-listed companies, Sven is renowned for his adeptness in formulating market strategies and implementing business models that drive sustainable growth and profitability in the dynamic Asian market landscape.

Sven Koehler

Managing Director

Sven Koehler

Kristina has worked with over 750 international companies, from startups to publicly-listed companies, across industries and sectors on their market strategy, implementation of business models, and helping them to focus on their growth in China and

Hong Kong.

Kristina Koehler-Coluccia

Kristina Koehler-Coluccia

Head of Business Advisory

Talk to an expert

Schedule a 30-mins complimentary, no-obligation call to see how Woodburn can help you with bookkeeping and accounting for your Hong Kong Company.

In this call we will discuss:

  • The process to manage the accounting for your Hong Kong Company

  • The minimum requirements to maintain a setup of bookkeeping documents

  • Woodburn's advantage

  • Our Hong Kong Accounting and Bookkeeping service fees

  • And the next steps

Our calls are automatically scheduled via Zoom. We can schedule the calls via Teams, WeChat or WhatsApp upon direct request. 

Our calls are available from Monday-Friday from 8am to 5pm CEST and Wednesday until 9pm CEST (for those based in the Americas).

Accounting updates from Hong Kong

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