The auditing services that we render are primarily to ensure that our clients' financial statements are prepared in accordance with the statutory requirements and conform to the auditing and accounting standards promulgated by professional bodies.
Apart from carrying out statutory duty as auditors, our philosophy is to maintain a close tie with clients and to provide them with quality service according to their individual needs. As a matter of fact, the importance of this principle is clearly inspired into every staff during the course of his or her training.
As part of the auditing procedures, we evaluate our clients' internal control and accounting system and advise them how to safeguard their assets and to run their businesses more efficiently and effectively.
We provide full range of tax services which include profits tax, salaries tax, property tax, back duty, personal assessment, stamp duty, tax litigation and planning. Although the majority of our clients are corporations, we also handle the taxation affairs of individuals.
As Hong Kong tax is basically under a territorial tax system which means that profits arising in or deriving from outside Hong Kong (off-shore profits) are tax free, we have the expertise in advising in this respect.
For those clients who are operating their business internationally, we are able to offer international tax planning through our connection with other professional accountants worldwide.
We operate full range of company secretarial services under the Trust and Corporate Services Provider Licence, to assist our clients in fulfilling all the requirements in their corporate affairs both by law and by commercial prudence through a service division of our Firm, WBC Secretaries Limited, which is under the direct supervision of our directors and a number of Chartered Secretaries. The services include:
With the aid of in-house computers, our Accounting Services Department is able to provide timely and accurate accounting information for the needs of our clients. Many of them prefer using our service to having their own employees to do the job, because of the following advantages:
The computerized accounting system is tailor-made according to individual client's needs. For clients who have their own computer, we are also able to help installing accounting systems. If they do not possess one, they may share our facilities to computerize their accounting records.
Over the years, we have developed adequate experience and skills to help our clients to improve their business operations and to meet their growing needs with respect to:
We have directors and staff experienced to work in China who are conversant with Chinese taxation law and trade regulations.
Hong Kong has long been described as a place of ventures. Business booms and busts are often unpredictable. Many businessmen therefore sometimes find themselves in trouble with problems of funding their operations even though not due to any fault of their own. Under these circumstances, the operation can be rescued from bankruptcy or liquidation by using various methods, such as debts re-scheduling, re-constructions, amalgamations and schemes of arrangement, etc. In this connection, we can assist in giving practical and suitable solutions to the cash flow problems after investigating the case in depth.
On the other hand, if clients facing difficulties in recovering long overdue debts or loans from dubious debtors have decided to put the latter's business into liquidation or under receivership, we can act as liquidator or receiver by appointment. We have well-trained staff to deal with problems arising out of insolvency.
The auditing services that we render are primarily to ensure that our clients' financial statements are prepared in accordance with the statutory requirements and conform to the auditing and accounting standards promulgated by professional bodies.
Apart from carrying out statutory duty as auditors, our philosophy is to maintain a close tie with clients and to provide them with quality service according to their individual needs. As a matter of fact, the importance of this principle is clearly inspired into every staff during the course of his or her training.
As part of the auditing procedures, we evaluate our clients' internal control and accounting system and advise them how to safeguard their assets and to run their businesses more efficiently and effectively.