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  Accounting and Payroll Services
 

Accounting is the art of recording, classifying, and summarizing in a precise and accurate manner. Payroll plays a major role in a company for several reasons. From an accounting point of view, payroll is crucial because payroll and payroll taxes have a considerable effect on the net income of most companies because they are subject to laws and regulations. From a business ethics viewpoint, payroll is a critical department because employees are very aware of payroll errors and irregularities - good employee morale requires payroll to be handled in a timely and accurately manner.

All companies incorporated in Hong Kong are required to have Financial Statements prepared in accordance with the Hong Kong accounting standards and to have them audited. We are fully equipped to set up an appropriate accounting system based on a review of your operations. We can also do the bookkeeping in your offices or in ours, whichever is more convenient to you. We are conversant in different types of computer accounting packages - particularly helpful when sending financial information to your head office.

We can also provide auditing assistance services through our network of local auditing firms, who we have been dealing with for many years.

Our Accounting Services include:-

  • Set-up and maintenance of accounting ledgers and records

  • Recording of all revenue invoices issued and monitoring receipt of payment Processing and recording of all expense payments

  • Provision of bank signatories and balance reconciliation

  • Year-end adjustments

  • Financial statements preparation and periodic financial reports as needed

  • Arranging audit of accounts and liaison with auditor

  • Tax return completion and filing

Our Payroll Services include:-

  • Process confidential payroll requirements, including ensuring timely payments of remuneration to individual employee’s bank accounts together with the provision of pay slips;

  • Process and record annual leave, commissions & bonuses to staff

  • Register the company with a Mandatory Provident Fund (MPF) scheme and arranging for all staff to be enrolled

  • Arrange contribution payments to the MPF scheme and preparation of statements

  • Arrange the annual Employer’s Pension and Return of Remuneration, including reporting of new employee commencement and termination, to local tax authorities

  • Arrange for each Individual employee’s tax return filing

For a more detailed discussion, please contact Mr. William H. ARESON, Jr.,

Direct Tel No.: 852 2230 9301, Email: b.areson@whaglobal.com