Finding the Best Accounting Service Firm in Hong Kong

Posted by Vincent Tai on June 13th, 2016

An accounting service can help you set up and run a cost-effective business in Hong Kong. When you hire a local accounting service firm to handle your books, you have more time to focus on developing your business. Working with the best accounting firm helps you ensure that your company is in compliance with local accounting standards. The key is to find a firm that could be your business' lifetime financial partner in improving profitability and sustainability. Consider these tips when finding the best accounting service firm in Hong Kong:

• Find out which clients they work with – Hire a company that understands your business. You need a firm that has worked with a similar type of business and knows its way around your industry.

• Make sure they have CPAs in their team – Verify the qualifications of the firm's accountants. They must have the experience and expertise in designing and implementing the best accounting service plans that meet Hong Kong's laws and standards. The best accountants don’t stop at providing professional advice and suggestions—they also tailor their services according to your tax situation, business environment, and financial statements.
  
• Choose an established and highly recommended accounting service provider – Look up reviews and feedback about the company to see what other clients have to say about them to know more about the firm. Make sure they are known in Hong Kong for their accounting services. Some of the leading accounting firms specialize in helping foreigners do local business.
  
• Explore the services they offer – Auditing and tax services are standard in most accounting firms, but the best ones offer bookkeeping and management consulting, too. A good accounting firm in Hong Kong can also handle financial statements compilation, cost control, establishment of your company's accounting policy, inventory management, and establishment of an internal accounting checking system.

• Request a quote – Ask about the fees upfront. Some firms charge by the hour; others may charge on a monthly basis. Get quotes from different accounting companies and get an estimate of the annual charges they charge based on the services you need. However, do not choose an accountant based on the price. Aim for the most cost-effective service that can provide for your company's needs in the long run.

• Pick a firm that can act as your business adviser, too – Professional accountants are knowledgeable about your industry, financial statements, and tax situation, so they are qualified to help you with your financial and business plans. You can rely on them for advice when you are thinking of expanding or getting the right insurance for your business, too.

About the Author:

Capital World Account Services Limited, is the top leading accounting firm in Hong Kong. With years of experience, they assist companies who are looking forward to set up or expand their business in Hong Kong. They strive to provide services like company formation, offshore company formation, Hong Kong company accounting & audit services, bank account opening services, Hong Kong company secretary services, trademark registration services, virtual office and apostille stamp services. They work with a vision to deliver convenient and efficient services at low cost to meet the different needs of the businesses and provide custom made service to suit every client’s needs.

Website: http://www.capitalworld.com.hk/

Address: Suite 1904, 19/F, Tower 1, China Hong Kong City,​No.33 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong

Email Address: company@capitalworld.com.hk

Co-number: 834-58-00044

Phone Number: +852 35431919

Fax Number: +852 35202147