Busy season tax prep support

The shape of Hong Kong's busy season

Every active Hong Kong company, dormant ones aside, needs its accounts audited each year, and most practices see that work bunch up around their clients' financial year-ends. Adding a full-time preparer for a few compressed months rarely makes sense for a small or mid-sized practice. Busy-season support is capacity you add ahead of the crunch and scale back once fieldwork clears.

What our team actually does

Work starts with organising the source documents a client has provided: bank statements, invoices, payroll records and the prior year's audited accounts. We tie the trial balance to supporting schedules, reconcile MPF contributions against payroll, and build draft workpapers to HKFRS presentation, so your audit team opens a file that is ready for fieldwork rather than a folder of source documents.

Where the credentialed line sits

This is preparation support, not the audit itself. Hong Kong has no small-company audit exemption, so a practising Hong Kong CPA at your practice reviews the file, performs the audit and signs the opinion. The BIR51 profits tax return is then filed by your practice together with those audited accounts. We do not audit and we do not file.

The employer's return sits on its own clock

Separately from the audit cycle, the employer's return (BIR56A) is issued each year on 1 April and has to be filed within one month of issue. We can prepare the payroll schedules behind it on the same timeline, alongside audit-season workpapers.

Ramping up and back down

Practices often add this capacity a few weeks before their heaviest audit fieldwork window and taper it off once the bulk of that year's opinions are signed.