Accounting Services for Businesses in Hong Kong

Online accounting services, automated bookkeeping, and proactive tax support for busy entrepreneurs in one platform.

Excellent 4.9  |  Reviews 2,537

Accounting Services for Businesses in Hong Kong
Accounting Services for Businesses in Hong Kong

Get the best value and service with Osome

  • Save up to 8 hours/week with automated admin
  • Make your income & business tax efficient
  • Your Certified Public Accountant answers daily
  • One-stop for all your financial needs

Dedicated Accountants backed by smart tech

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.

Your one accounting person
I’m one click away from answering your question. Anytime. Davis, 11:21

Your one accounting person

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.

All your paperwork, already within the system
All your paperwork, already within the system

All your paperwork, already within the system

We automated everything you’re doing manually – uploading bank statements, invoices, bills, expenses. We process them within minutes and return reports and tax filings.

Tax without the anxiety

Tax without the anxiety

We calculate taxes, ensure you get reliefs and exemptions, advise on the schemes, follow up on the deadlines, even for sales outside Hong Kong.

What do you need to know about accounting in Hong Kong

Here are some details on the official requirements in Hong Kong. Need help? Get in touch with one of our Certified Accountants.

  • Prepare unaudited accounts

    Prepare unaudited accounts

    These include income statements, balance sheets, and cash flow statements.

  • Audit these accounts annually

    Audit these accounts annually

    Every Hong Kong business must be audited by a certified third-party Accountant, who then submits the results to the Inland Revenue Department.

  • File annual Profits Tax Return

    File annual Profits Tax Return

    It is a calculation of a tax your company has to pay after deducting all applicable expenses and applying exemptions and incentives.

Accounting plans for a
price that makes sense

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

What’s your average monthly ?

  • Mini

    Monthly revenue under HK$30k

    Billed annually

    HK$3,456/y

    HK$288/m

    annual support

    • Osome software
    • Annual bookkeeping
    • Annual management reports

    govt & tax filings

    • Unaudited Financial Statements
  • Starter

    Monthly revenue under HK$60k

    Billed annually

    HK$7,200/y

    HK$600/m

    daily support

    • Personal Accountant
    • Osome software
    • Daily bookkeeping
    • Monthly management reports

    govt & tax filings

    • Unaudited Financial Statements

    Pay monthly

    HK$720/m

  • Booming

    Monthly revenue under HK$150k

    Billed annually

    HK$14,000/y

    HK$1,167/m

    daily support

    • Personal Accountant
    • Osome software
    • Daily bookkeeping
    • Monthly management reports

    govt & tax filings

    • Unaudited Financial Statements

    Pay monthly

    HK$1,400/m

  • Rocking

    Monthly revenue under HK$300k

    Billed annually

    HK$16,000/y

    HK$1,334/m

    daily support

    • Personal Accountant
    • Osome software
    • Daily bookkeeping
    • Monthly management reports

    govt & tax filings

    • Unaudited Financial Statements

    Pay monthly

    HK$1,600/m

  • Unicorn

    Monthly revenue under HK$600k

    Billed annually

    HK$18,000/y

    HK$1,500/m

    daily support

    • Personal Accountant
    • Osome software
    • Daily bookkeeping
    • Monthly management reports

    govt & tax filings

    • Unaudited Financial Statements

    Pay monthly

    HK$1,800/m

  • Beyond
    HK$600k
    a month

    Get in touch to discuss your specific needs. We'll create an offer that's just right for your business

    Get a custom offer

Need more?

Additional services you may need

  • Application for Hong Kong Certificate of Resident Status (Tax residency) HK$1,500
  • Holdover of provisional profits tax application HK$2,000
  • Nil Profits Tax Return, (BIR51) filing HK$1,000
Accounting and bookkeeping services for all types of businesses

Accounting and bookkeeping services for all types of businesses

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.

Switching your Accountant

Switching your
Accountant

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.

Switch accountant

Business accounting services that we provide

Government & Tax filing
Government & Tax filing

Government & Tax filing

We prepare and file a company’s Unaudited Financial Statements and Annual profits tax return with the government.

Daily support
Daily support

Daily support

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.

Annual support
Annual support

Annual support

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.

E-commerce solutions
E-commerce solutions

E-commerce solutions

We’re e-commerce natives:

  • Automated reconciliation with top marketplaces
  • End-to-end taxes in all of your countries of sales
  • Optimised for Amazon, Carousel, Shopify, and more
  • Real-time analytics

Read more about Osome Accounting Services in Hong Kong

  • Multicurrency Accounting

    Multicurrency accounting records transactions in foreign currencies, adds them to financial statements and tax returns

  • Company Audit

    You have to be audited by a registered and certified public accountant outside your company every year

  • Cash Flow & Budgeting

    You need to check a company’s cash flow statements to determine its financial performance

Tax optimisation
for your business

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.

  • Retail Industry

    Accounting for Retail Industry

    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.

  • Construction Industry

    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.

  • Restaurants 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.

  • Hotel Industry

    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.

  • Hospitality Industry

    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.

  • Entertainment Industry

    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.

Trusted by Osome entrepreneurs around the world

89% of customers recommend us

9,500+ clients worldwide

Amazon spnpart of an ecosystem

Shopifypart of an ecosystem

I'm very satisfied with their services, flexibility, and reactivity.

Yannick Andre Martial Guyot

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

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

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

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

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

Dave Wallace DW4DAYS Pte. Ltd.

  • E27
  • Entrepreneur
  • foundr
  • Tech in Asia
  • Vulcan post

4.9 out of 2,537 reviews

  • Companies Registry
    TC006825
  • Certified Public Accountants
    Certified Public Accountants
  • Chartered Secretaries
    Chartered Secretaries

Q&A

  • 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 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.

  • 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 email to our experts — they’ll take care of the rest.

  • 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 DateDue Date
    between 1 April to 30 November 202130 April 2022
    between 1 to 31 December 202115 August 2022
    between 1 January to 31 March 202215 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.

  • Why choose Osome as an accounting and bookkeeping service provider?

    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.

  • What does an accountant do?

    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:

    • Determining payroll requirements
    • Interacting with auditors to complete audits
    • Preparing and reviewing budgets, revenue, payroll entries, invoices, expenses and other accounting documents
    • Preparing profit and loss statements and monthly closing and cost accounting reports
    • Compiling and analyzing financial information to prepare entries to accounts, such as general ledger accounts, and documenting business transactions.
    • Supervising the input and handling of financial data and reports for the company’s automated financial systems.
  • What is cloud accounting?

    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.

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