Accounting & Management Reporting
Hong Kong has set guidelines for financial compliance. We can manage these requirements on your behalf both for the Inland Revenue Department (IRD), as well as regular updates to facilitate management of your business.
Annual Audit
All incorporated companies must submit a yearly audit conducted by a Certified Public Accountant (CPA) as part of statutory accounting in Hong Kong. The audit reports must contain an intricate set of accounts, including:
Financial statements for the current year and the corresponding figures from the previous year.
Balance sheet.
Cash flow statement.
We partner with CPAs to complete the mandatory audit and handle administrative tasks for you.
Comprehensive Accounting Services for Hong Kong Businesses
Operating in Hong Kong requires strict compliance with the Inland Revenue Department (IRD) and Companies Registry standards. Our HK accounting firm provides end-to-end support to help you stay compliant while saving time and resources.
Statutory Compliance and IRD Requirements
As part of Hong Kong’s statutory framework, all incorporated companies must prepare and file audited accounts each year to ensure transparency and give stakeholders a reliable view of performance. These reports typically include:
Annual financial statements with comparative figures
Balance sheet and profit & loss account
Cash flow statement
Our Hong Kong accounting firm partners with Certified Public Accountants (CPAs) to handle statutory audits and maintain compliance. We manage the documentation, reporting deadlines, and IRD submissions, giving you peace of mind that your business remains in good standing.
CPA Audit Services and Annual Compliance
Annual audits can be time-consuming, especially for companies new to Hong Kong. By working with Shepherd Asia, you gain a reliable partner who coordinates directly with CPAs to streamline the process. From preparing draft accounts to submitting final reports, our team delivers accuracy, efficiency, and compliance with Hong Kong’s legal framework.
Expert Bookkeeping Services and Financial Management
Accurate financial records are the foundation of smart business decisions. That’s why our accounting services in Hong Kong include reliable bookkeeping services designed to keep your accounts organized and up to date.
Monthly Bookkeeping and Financial Reporting
Day-to-day financial management is just as critical as annual audits. Our bookkeeping services address this need by covering:
Monthly transaction recording and reconciliations
Payroll processing and mandatory provident fund (MPF) administration
Expense tracking and budgeting
Preparation of unaudited financial statements
Our team provides these bookkeeping services in Hong Kong on a monthly or quarterly basis, providing you with timely insights into your financial position. This allows you to make proactive decisions instead of waiting until year-end audits.
Real-Time Financial Management and KPI Monitoring
Beyond compliance, businesses need actionable insights. Our management reporting service transforms raw data into reports your leadership team can use immediately. We help:
Track real-time KPIs tailored to your industry
Establish achievable business goals
Improve performance through strategic recommendations
Enhance resource allocation and risk management
With Shepherd Asia’s accounting services in Hong Kong, your executives can obtain clarity and foresight to make sure that every financial decision supports long-term success.
Why Choose Our Hong Kong Accounting Firm
Selecting the right partner for your accounting needs can determine how smoothly your business runs in HK. Shepherd Asia is more than an accounting firm — we are dedicated advisors committed to helping you stay compliant and grow with confidence.
Accounting Solutions for Startups to Enterprises
From entrepreneurs just incorporating their first company to multinational enterprises, our accounting firm adapts services to fit your stage of growth. We understand that startups need affordable, straightforward accounting services, while established businesses require deeper advisory, audit coordination, and strategic reporting.
When you go for Shepherd Asia, you secure a partner who offers consistent, reliable support year-round — not just at tax time.
Local Expertise and Proven Results
As an accounting firm in HK, Shepherd Asia combines local expertise with an international perspective. Our leadership team has firsthand experience as foreign entrepreneurs building businesses in Hong Kong, which makes us uniquely positioned to guide others through the same challenges.
We have helped more than 50 companies streamline accounting processes, maintain compliance, and scale their operations with confidence. Testimonials from clients highlight our proactive reminders, tailored reporting, and dedication to delivering high-quality results.
Comprehensive Support Beyond Accounting
Shepherd Asia is more than an accounting firm in HK. In addition to compliance, audits, and reporting, we provide company incorporation, tax management, payroll and MPF administration, and visa application assistance. This integrated approach allows businesses to streamline back-office functions with a single trusted partner, freeing up time to focus on growth.
Management Reporting
Our management reporting service assists you in swift decision-making.
Our comprehensive management reporting service empowers you to track and understand every facet of your business.
Our reports provide your executives with valuable insights, enabling them to make informed decisions that align with your interests and targets, allowing your company to thrive.
Data-driven decisions are at the core of every successful business.
We provide quality assistance that maximises your organisation's efficiency.
We focus on crafting usable reports, at any interval, that benefit you
✔ Establish achievable goals and ensure you are on track to meet or exceed them.
✔ Forward-looking operational and financial reporting that results in quick and informed decision-making.
✔ Unaudited financial statements that help you keep track of cash flow.
✔ Supporting the leadership by actively monitoring real-time KPIs and providing strategic recommendations.
✔ Our monthly insights can improve your company's performance through risk management, resource allocation, stakeholder communication, and more.
We have helped 50+ businesses succeed by providing them with the resources necessary for success.
From startups to established enterprises, we handle mandatory accounts and provide year-round accounting and advisory support for businesses of all sizes.
Frequently Asked Questions
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Management accounts are sets of financial reports that your company’s managerial staff can use to gain insights into the financial performance of your business over a select period. These accounts provide a detailed analysis that informs your strategy and supports day-to-day decision-making.
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A good management report is clear, concise, and provides actionable insights. We leverage KPIs to present a clear visual overview of your company’s product sales, budgets, quality, and staffing levels.
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All limited companies in Hong Kong have to submit an annual audit to the IRD, regardless of size. This requirement also applies to smaller companies that might otherwise be eligible for simplified financial reports. The only exception is dormant companies that have been officially registered as such.
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In Hong Kong, mandatory audits are designed to promote transparency and accountability. An independent CPA confirms that your company’s financial figures are reliable for tax purposes and shareholders. Our accounting services help guarantee you are fully prepared for this process and remain compliant with IRD requirements.
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Hong Kong businesses must meet obligations including annual audits, profits tax filings, payroll compliance, and proper reporting to the Companies Registry. As a reliable Hong Kong accounting firm, Shepherd Asia provides comprehensive support, from accounting services to payroll and MPF management, so you never miss a deadline.
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Failing to file an annual audit can result in significant penalties from the IRD, including fines in HKD, tax investigations, and legal consequences. Repeated violations may lead to stricter enforcement by the Companies Registry. Our team makes sure your accounts are prepared accurately and submitted on time to avoid unnecessary risks.
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A Hong Kong-based provider understands local regulations, deadlines, and compliance procedures. By working with our accounting firm in HK, you gain access to expertise in IRD tax filings, Companies Registry submissions, and HKD-based financial reporting. We offer both local knowledge and an international perspective to support businesses expanding in Hong Kong.
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The cost of accounting services in Hong Kong varies depending on company size, complexity of operations, and reporting requirements. Startups may only need basic bookkeeping services, while larger companies require audits, management reporting, and advisory services. At Shepherd Asia, we provide transparent, tailored packages to ensure cost-effectiveness without compromising compliance.
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Our reports span financial statements, unaudited accounts, , budget analyses, payroll summaries, and strategic planning overviews. As an experienced accounting firm, Shepherd Asia provides HK organizations with holistic reporting that supports both compliance and growth strategies.
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Running a limited company in Hong Kong involves strict adherence to the framework outlined in the Companies Ordinance. One of the essential obligations is submitting an audit report performed by a Certified Public Accountant (CPA) alongside your tax return filings.