Peninsula provides high-quality back-office solutions, including efficient financial reporting and accounting, all tailored to clients’ specific requirements. Some key accountancy services offered:
Maintenance of Accounting Records and Preparation of Financial Statements
Our services range from routine bookkeeping and maintenance of accounting records to the provision of individually tailored management reports, including monthly, quarterly or annual statements and profit analyses, and include:
- Book-keeping, including preparation of vouchers and completion of cash books and ledgers,
encompassing general ledger, trial balance, accounts payable and accounts receivable - Preparation of management reports in accordance with clients’ timetable and requirements including monthly, quarterly or annual unaudited financial statements, consolidations, cash- flow statements, budgets and bank-statement reconciliations
- Assistance with the preparation of financial forecasts and budgets
- Maintenance of fixed-asset registers and preparation of depreciation schedules
- Arrangement of statutory company audits
- Tax Filing including preparation and submission of monthly, quarterly and annual tax forms to the various tax departments in Hong Kong
- Advice and assistance with tax compliance for Hong Kong and China.
- Assistance with special ad-hoc projects, including liaising with tax authorities.
- Payroll services, including completion of payroll returns
Tax Compliance (not Tax Advisory)
Many companies are required by law to submit a company tax return on an annual basis and pay any tax due. We complete appropriate documentation, analyze and prepare the required reports, and liaise with the appropriate tax and other authorities to ensure compliance with local requirements. Peninsula has: in-house qualified certified public accountants; familiarity with international standards and working with foreign companies; fluency in written and spoken English and local languages.
Review of Financial Statements
We produce financial statements from accounting records maintained by the client and help clients maintain their company’s accounting records in an efficient manner.