finiple
财税资讯和常见问题
Tax information and FAQs
整站搜索常见问题财税资讯
点击开始搜索
热门搜索
代理记账的流程工商服务注册公司知识产权代办
Tax information and FAQs
One-stop accounting services for all your financial needs
Focus on growing your business, we’ll take care of the financial admin. Our local experts and all-in-one accounting services make managing tax effortless.
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 on focusing 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. With comprehensive accounting services, you can outsource everything from day-to-day accounts receivable, accounts payable, payroll and transaction coding, to filing Profits Tax Returns and financial reporting.
An auditor does a financial audit to give their opinion on whether financial statements follow Accounting Standards. They check the information to a reasonable extent to make sure it’s accurate. The auditor collects evidence to see if there are any significant mistakes or errors in the statements.
The auditor would start the audit by understanding the nature of the company. They then collect documents as audit evidence such as invoices, goods delivery and receipt notes, sales and purchases contracts, purchase orders, sales orders, rental agreements, bank-in slips, bank statements, bank loan agreements, and financial breakdowns to support the figures disclosed in the financial statements. In addition, audit confirmation would be performed with a bank, and account receivables and payables to verify year-end balances.
Of course, other auditing testing and audit procedures will be performed as well. Enquiries will be made to the management during the audit. The auditor would give an audit opinion in the audit report whether financial statements are fairly stated in accordance with Accounting Standards, and whether the statements contain errors or other misstatements.
All companies are required to submit Profits Tax Return annually. A newly incorporated company will receive the first Profits Tax Return after 18 months of incorporation. Three months will be allowed for preparing the accounts and audit report for the first profits tax filing. Thereafter, the tax return should be filed with the deadline depending on the Company’s Accounting Year End Date.
Employer’s Return of Remuneration & Pensions is required annually as well. Companies that have hired employees should report the salary and wages paid to employees for each fiscal year (April to March) in April every year. Our accounting services can help ensure timely and accurate submission of these returns, and we’ll also assist in preparing annual financial statements to support your filings.
