Online accounting services, automated bookkeeping, and proactive tax support for busy entrepreneurs in one platform.
All the routine documents are processed automatically and double-checked by bookkeepers. Your Accountant answers, advises and cares about your business.
Now we’re talking.
Meet your Chartered Accountant, who’ll be your point of contact, advisor, and the one in charge. He’ll track filing deadlines, suggest tax exemptions, and highlight issues in the reports.
We automated everything you’re doing manually – uploading bank statements, invoices, bills, expenses. We process them within minutes and return reports and tax filings.
We calculate taxes, ensure you get reliefs and exemptions, advise on the schemes, follow up on the deadlines, even for sales outside Hong Kong.
Here are some details on the official requirements in Hong Kong. Need help? Get in touch with one of our Certified Accountants.
These include income statements, balance sheets, and cash flow statements.
Every Hong Kong business must be audited by a certified third-party Accountant, who then submits the results to the Inland Revenue Department.
It is a calculation of a tax your company has to pay after deducting all applicable expenses and applying exemptions and incentives.
You don’t measure your business by the number of transactions, so neither do we. Our accounting packages are tied to your revenues. Pick a monthly plan to pay a small regular fee or a yearly one and get two months free of charge
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Additional services you may need
Need an accountant for your LTD company? Running a small business? Whether you are a sole trader, a non-Hong Kong company, or a large corporation, you can rely on us for full-service online accounting support.
Perhaps, you aren’t registered and considering an accountant for company registration? Thousands of clients trust Osome for services from online bookkeeping and accounting to e-commerce support and company formation.
We work with clients in different industry sectors, and they trust us because we know the unique problems they face in their business.
Your transition will be seamless with us. We will handle all financial records for your company and ensure they comply.
Our team will directly contact your current accounting services provider. We will log any loose ends with the government, compile historical data, prepare and file required reports. We’ll inform you about the available tax exemptions, too, so you can pay your taxes wiser.
We got your accounting under control, so you can focus on what’s important: growing your business.
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We prepare and file a company’s Unaudited Financial Statements and Annual profits tax return with the government.
A dedicated accountant knows your business and answers quickly during business hours in a chat. We watch the deadlines, report what’s missing, and take care of your filings on time.
If your needs only require annual checkups and filings, you don't need to pay daily support. Our Mini plan offers a dedicated accountant who manages your annual bookkeeping and reports all in one app.
We’re e-commerce natives:
Multicurrency accounting records transactions in foreign currencies, adds them to financial statements and tax returns
You have to be audited by a registered and certified public accountant outside your company every year
You need to check a company’s cash flow statements to determine its financial performance
Every industry has its own perks and complications when it comes to bookkeeping and accounting. We advise what tax exemptions and tax reliefs your company is entitled to, and we organise your reports exactly the way needed to comply.
Offline sales in Hong Kong have grown 57% over the last 10 years. However, it’s e-commerce that really wins the battle: over 60% of Hong Kong population order online now, and the number is expected to grow to 72.6% in 2022.
2020-2021 Budget has plans for over HK$120 billion (US$15.4bn) to continue expanding Hong Kong’s development of infrastructure, buildings, and construction industry.
With travel restricted, locals are rediscovering the city food scene. Readings for short term business outlook for restaurants hit a record 53.6, marking good business conditions for the first time since 2018.
The word “staycation” is one of the most searched words on Google Trends in Hong Kong. Hotels in Hong Kong are promoting staycation packages even more to attract locals with promotional packages.
May readings on the short-term outlook among smaller retailers and restaurants rose above the 50 level, marking good business conditions for the first time since 2018.
Between 1991 and 2018, total sales of fine art in its auction houses jumped from around $11 million to nearly $1.4 billion. In addition, Hong Kong’s government is allocating HK$260M to boost the movie industry.
89% of customers recommend us
9,500+ clients worldwide
I'm very satisfied with their services, flexibility, and reactivity.
Yannick Andre Martial Guyot HK TALENTS Limited
Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!
Randeep Sudan Multivertz Pte. Ltd.
Everything was so seamless, it even looked like a fraud 😀 I didn’t have to go anywhere, I just use the web and mobile app to sign the docs.
Ivan Zeljkovic Evans Media Pte. Ltd.
I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready.
John Lim Artac Pte. Ltd.
Many accountants I reached out to either never responded or charged extortionate amounts of money. I joined Osome and I'm incredibly happy I did.
Pawel Wargan freelancer
They use the Osome app to gently nudge me to send in paperwork, and they provide me with regular updates and reminders regarding finances and filing deadlines.
Dave Wallace DW4DAYS Pte. Ltd.
A tax accounting service helps your startup deal with filing your income tax, and other taxes placed on your small business. Companies usually engage with this service provider to improve accuracy and timely preparation of tax accounting balance. When you have better control over your company’s tax accounting function, you will be able to focus on the more strategic aspects of your business.
As a small business owner, you’ve shouldered the work of bookkeeping yourself to keep a close eye on your expenses. As your business grows, most owners find that their time is better served to focus on their products and services, rather than your accounting debits and credits. Outsourcing these tasks means hiring a service that provides a full accounting department experience. You can outsource everything comprising from day-to-day accounts receivable, accounts payable, payroll, transaction coding, taxation, to financial reporting.
We have developed our own software. We recognise invoices and receipts, reconcile them with transactions, and update your documents and outstanding bank balance daily. We support single and multiple currencies, show actual list of all unpaid invoices and report to you if anything document is missing.
Send us your records in whichever format you have them. Drop your files in our app, store them in a cloud or email to our experts — they’ll take care of the rest.
All companies are required to submit Profits Tax Returns annually. The first Profits Tax Return for a newly incorporated company will be received after 18 months of incorporated. 3 month will be allowed for preparing the accounts and audit report for first tax filing. Thereafter, the tax return should be filed with deadline depends on the Company’s Accounting Year End Date. Below is an illustration.
| Accounting Year End Date | Due Date |
|---|---|
| between 1 April to 30 November 2021 | 30 April 2022 |
| between 1 to 31 December 2021 | 15 August 2022 |
| between 1 January to 31 March 2022 | 15 November 2022 |
Employer’s Return for of Remuneration & Pensions is required annually as well. Companies have hired employees should report the salary and wages paid to employees for each fiscal year (April to March) in April every year.
When you’re ready to take your business to the next stage of growth, you’ll want to hand over the routine and administrative tasks like accounting and bookkeeping to trusted experts who know what the entrepreneurial grind is like.
We help small businesses in Hong Kong with all the necessary accounting services. We prepare financial statements, tax reports and handle bookkeeping. The accounting advice would save you time from figuring this out on your own and save costs by being compliant with the local authority instead of paying late fees or penalties which can add up to a huge sum.
You don’t only get your own team of accountants with Osome, you also get access to all your documents and financial data anywhere you want to work, using our app. All your documents are digitised and stored securely on the cloud.
An accountant plays an important role as the financial backbone of any business, large or small. They prepare and examine financial records, make sure that transactions are accurate, and that taxes are paid on time.
Accountants use numbers and financial statements to tell business owners of the health of their company, analyzing profits and losses. This information forms the basis of a company’s report and legal filing reports.
Their duties include:
Cloud accounting, also known as online accounting, involves hosting the accounting software on remote servers. It contains the same functionality as desktop accounting. However, the entire process gets moved to a cloud system. For Hong Kong accounting firms, this is similar to the SaaS (Software as a Service) business model. The data gets sent to a different location, where it is processed and returned to the user or client.
What’s more, users can access software applications remotely using the Internet or Intranet. For a Hong Kong accounting firm, employees from other departments can access the same data and software version without missing any updates. Cloud accounting software also frees the business from having to install and maintain software on individual desktops. It’s a type of online accounting that essentially enables users to get real-time reporting and visibility.
Furthermore, most cloud platforms have API functionality. With this, a third party software can connect to your system to provide even more value through your business accounting.
We’ll know whether to jump on your application or just send you more data to explore
