Accounting & Taxation
Experience what it’s like to have all the cash flow information before your eyes every month. We work to provide healthy and transparent records throughout the year — so nothing unexpected pops up when the reports are due.
All our packages ensure full compliance: each comprises accounting and taxation services. Choose the package based on your company’s size. If you are not sure which one to pick, contact our experts via a secure chat.
Basic
Best for newborn companies or businesses with infrequent deals
- 10 transactions per month
- 15 receipts per month
Accounting
- Bookkeeping
- Compilation of Unaudited Report
- Monthly review by accountant
Taxation
- Annual Profits Tax Computation
- Profits Tax Return (BIR51) Filing
- Multicurrency Xero +HK$200/m
Small
Best for up-and-coming companies with yet small staff
- 30 transactions per month
- 60 receipts per month
Accounting
- Bookkeeping
- Compilation of Unaudited Report
- Monthly review by accountant
Taxation
- Annual Profits Tax Computation
- Profits Tax Return (BIR51) Filing
- Multicurrency Xero +HKD$200/m
Medium
Best for businesses on track to expand
- 75 transactions per month
- 125 receipts per month
Accounting
- Bookkeeping
- Compilation of Unaudited Report
- Monthly review by accountant
Taxation
- Annual Profits Tax Computation
- Profits Tax Return (BIR51) Filing
- Multicurrency Xero +HKD$200/m
Large
Best for scaling companies
- 125 transactions per month
- 200 receipts per month
Accounting
- Bookkeeping
- Compilation of Unaudited Report
- Monthly review by accountant
Taxation
- Annual Profits Tax Computation
- Profits Tax Return (BIR51) Filing
- Multicurrency Xero Free
Tell us about your company, and our experts will help you pick out a package to best meets your needs
Transaction
Transaction means ‘every time you withdraw money from or deposit money into your corporate bank account’. Let’s say a florist pays his supplier for flowers, pays salary to his cashier and then receives payment for wedding decorations. That makes 3 transactions.
Receipts
Receipts are business-related expenditures: your employee took a taxi to go to the business meeting and paid for the partners’ lunch. You reimburse these things to the employee. The taxi ride bill and the restaurant bill make 2 receipts.
Payroll
Payroll – the documents a company needs in order to account for salaries and MPF payments. These records must be in place for every employee.
Alternative Packages
Our accountants work with all kinds of companies, so we are able to offer in-depth assistance to businesses with particular needs.
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Yearly Accounting & Taxation
Optimal for those who don’t rely on accounting in evaluating business efficiency and just seek compliance.
You can always update to the monthly package if your needs change.
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Up to 50 transactions
Up to 150 receiptsHK$4,500per year -
Up to 100 transactions
Up to 250 receiptsHK$8,000per year -
Up to 150 transactions
Up to 350 receiptsHK$11,000per year
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We will be happy to answer your questions in a secure chat
Additional services
We know how to deal with practically all the things a company can encounter and we’re always there to help you out.
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Audit Liaising
HK$2,000per year -
Consolidated Unaudited Report
HK$5,000per subsidiary -
Profits Tax Return (BIR51) filing
For Nil Profits / Dormant company
HK$1,000per return -
Application for Holdover of Provisional Profits Tax (IR1121)
For clients using accounting services
HK$2,000per application -
Handling of replying questions of Offshore Profits Tax Exemption
Fee will be quoted depends on case
HK$10,000up
We will be happy to answer your questions in a secure chat
Payroll & Personal Tax Assistance
We help companies calculate salaries and social security payments and assist individuals in filing their personal tax. Offload all these tasks to Osome and never worry about them again.
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Payroll Outsource Service
Payroll calculation for your employees: basic salary, overtime, MPF, bonus, etc.
HK$350per employee
per month -
Mandatory Provident Funds (MPF) Scheme Registration
For Employer’s and Employee’s monthly contributions
HK$500one time -
Employer's Return of Remuneration & Pensions
IR56B, IR56E, IR56F, IR56G, IR56M
HK$400per return
per employee -
Individual Tax Return (BIR60)
For payroll clients
HK$1,000per return -
Employee Compensation Insurance
Compulsory whenever you have employees
HK$500plus insurance premium
We will be happy to answer your questions in a secure chat
FAQ
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 accounting software do you use?
Xero, which supports single and multiple currencies.
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.
We will be happy to answer your questions in a secure chat
