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 will organise your reports exactly the way needed to comply.
Accountants
that care, think, and deliver
Smart accounting services, automated bookkeeping, and proactive tax support for busy entrepreneurs
- TC006825
- Certified Public Accountants
- Xero
Platinum Partner - Chartered Secretaries
Unhappy with your accounting?
We do it differently
We take over the paperwork routine, show today’s numbers, send reminders, and give active advice. All our prices are transparent, so no extra charges out of the blue.
I want to try
You get a personal accountant
A Chartered Accountant assigned to your company will track filing deadlines, suggest tax exemptions, and prepare reports
You see how much money you have
We collect data from your different banks and show today’s joint balance and its daily trend
You see actual list of all unpaid invoices
We show daily updates on the invoices you need to pay, the ones due to you, and their totals
Here’s how Osome accounting works
Uploading invoices is easy
Snap a phone picture, drag and drop a file from your desktop, or forward an email with docs attached.
We organise docs ourselves
We go through docs and transactions, match them, tag accounts, and report what’s missing. Everyday.
You can always get help and advice
We answer online 24/7 usually within 15 minutes, even late at night and on weekends — when you have a minute to talk about accounting.
You see books that are always up-to-date
We reconcile daily, so you can see the real state of affairs today, not at the end of the month.
We reconcile transactions within 24 hours
We update transactions’ data daily, so anything sold or bought today goes straight into the reports tomorrow.
Choose the plan that works for you
Our accounting packages come as they are, no extra charges — simple and straightforward. If you pay upfront for the whole year, you get 20% off the cost of accounting services.
Starter
HK$600 /m if billed annually HK$720 if billed monthly
- 20 transactions a month
- 40 receipts a month
- Quarterly Management Report by Chartered Accountants
- Multicurrency Accounting for additional HK$200/m
Booming
HK$1,800 /m if billed annually HK$2,160 if billed monthly
- 40 transactions a month
- 80 receipts a month
- Monthly Management Report by Chartered Accountants
- Multicurrency Accounting for additional HK$200/m
Rocking
HK$3,500 /m if billed annually HK$4,200 if billed monthly
- 80 transactions a month
- 125 receipts a month
- Monthly Management Report by Chartered Accountants
- Multicurrency Accounting for additional HK$200/m
Unicorn
HK$6,500 /m if billed annually HK$7,800 if billed monthly
- 160 transactions a month
- 250 receipts a month
- Monthly Management Report by Chartered Accountants
- Multicurrency Accounting
Your financial data protected
We set up a direct connection with Xero and your bank to exchange your data securely. All your documents will always be in one place protected with bank-level encryption
Additional things you may need:
One-off services upon your request
Audit liasing
HK$2,000 per year
We help with the audit you need to pass every year
Consolidated unaudited report
HK$5,000 per subsiduary
Something here
Profits tax return (BIR51) filing
HK$1,000 per return
For nil profits or a Dormant company
Holdover of provisional profits tax application
HK$2,000 per application
For clients using Accounting services
Offshore profits tax exemption
fromHK$10,000
We handle replying to questions regarding your company’s qualification.
We calcualte the fee for each case individually
We know how to do accounting and optimise tax for your business
Accounting for Retail Industry
Offline shops have been in relative decline but Singaporeans aren’t buying less, they just buy online. Out of 5.6 million of Singapore’s population, 3.12 million shop online and 998,000 more users will be doing it by 2021.
Accounting for Construction Industry
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.
Accounting for Restaurants 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.
Accounting for Hotel Industry
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.
Accounting for Hospitality Industry
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.
Accounting for Entertainment Industry
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.
See Osome in action — schedule a free demo
Book a free demo89% Customers
recommend us
4,100+ Clients all over
the world
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I'm very satisfied with their services, flexibility, and reactivity.
Yannick Andre Martial Guyot
HK TALENTS LimitedOsome 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
freelancerThey 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.
Q&A
What are Accounting Services?
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.
What are Tax Accounting Services?
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.
Why should my small business or startup outsource accounting and tax accounting services?
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.
What accounting software do you use?
We use Xero. It is a modern, accounting software that lives on the cloud, with tools to manage invoicing, inventory, expenses, cash flow tracking, bank reconciliation, bookkeeping and other accounting services for small businesses. It is accessible from any computer or mobile device. Xero integrates with a variety of third-party including Stripe, PayPal, Capsule and HubSpot.
In what form should I submit my data?
Send us your records in whichever format you have them. Drop your files in our app, store them in a cloud or e-mail to our experts — they’ll take care of the rest.
What is one transaction?
A transaction is any deposit into or withdrawal from the bank. This is assuming all payments and receipts are done through the company’s bank. An example can be payment to suppliers, salary payments, expenses reimbursement or customer transfer. Bank fees and charges will not be considered a transaction.
What are my tax filing requirements?
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 2018 30 April 2019 between 1 to 31 December 2018 15 August 2019 between 1 January to 31 March 2019 15 November 2019 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.
