Bookkeeping, accounting & audit — Hong Kong
Profit Path keeps your books accurate and current, your tax filings on schedule, and your financial statements audit-ready — so a bank, an investor or the Inland Revenue never catches you unprepared. Built for Hong Kong SMEs and startups.
HKFRS-compliant statements
Prepared to Hong Kong financial reporting standards
Every IRD deadline tracked
Profits tax, employer & registry returns on time
Audit-ready, year-round
Books clean enough to hand straight to your auditor
IRD-registered representatives
Licensed to act on your behalf with the IRD
What we do
Pick a single service or hand us the full cycle. Either way, your books stay accurate, your filings stay on time, and your statements stay audit-ready.
Transactions reconciled
Last 12 months · all clients
Every invoice, receipt and bank line entered and reconciled each month, so you're never doing a year's worth of data entry in March. Delivered in Xero or QuickBooks, whichever you already use.
Management accounts and full financial statements prepared to HKFRS, ready for your directors, your bank, or your auditor at year end.
Profits tax computations and returns, employer's returns, and correspondence with the Inland Revenue Department — handled and tracked against every deadline.
Payslips, MPF contributions and leave records run on time every month, with year-end IR56 forms prepared for each employee.
Annual returns, significant controllers register, and statutory filings with the Companies Registry, kept current in the background.
Straight-talking guidance on cash flow, budgets and structuring, from someone who's already looked at your actual numbers.
How we work
No long onboarding, no software migration headaches. We fit into how you already work — and keep you filing-ready, every month.
Connect your bank feed or drop in statements, invoices and receipts through a shared folder.
Every transaction is categorized, matched and reconciled against your bank and card accounts.
A profit & loss, balance sheet and cash summary land in your inbox, in plain language.
Tax and Companies Registry deadlines are tracked for you, so nothing is a last-minute scramble.
Why Profit Path
We work with owner-managed companies who want their books handled properly — accurate to HKFRS, defensible to the IRD, and ready for audit — without hiring a full finance team.
One person learns your business and stays on your account, so you're not re-explaining context every month.
Filings prepared against IRD and Companies Registry requirements specifically, not a one-size-fits-all checklist.
Your books live in Xero or QuickBooks under your own login — nothing locked away in a private spreadsheet.
A flat fee based on your transaction volume, agreed upfront. No surprise invoices at year end.
Why it matters
The IRD, your bank and your auditor all trust the same thing: numbers that tie, on time, to standard. Getting it wrong is expensive. Getting it right is what we do.
The cost of getting it wrong
Late or incorrect filings trigger provisional tax surcharge, interest and penalties that compound quickly.
A messy set of books turns a routine statutory audit into a costly, drawn-out exercise — and a qualified opinion.
Banks want current, clean financials. Stale or unreliable numbers can freeze a facility or stall a renewal.
When the numbers don't tie, management accounts stop being believable — and decisions get made in the dark.
Our track record
Every set of statements we prepare is built to withstand an IRD review, a bank renewal and a statutory audit — without a last-minute scramble.
Certified, registered & recognised
Xero Certified Advisor
Cloud bookkeeping partner
QuickBooks ProAdvisor
Certified partner
HKICPA Member
Hong Kong Institute of CPAs
IRD Registered Tax Representative
Inland Revenue Department
Companies Registry Filer
Statutory filings agent
Who we work with
Case studies
A look at how we've helped companies across the sectors we serve. Details are anonymised, but the work, the deadlines and the results are real.
Challenge
Multi-currency sales across Shopify, Stripe and three bank accounts, with no one reconciling monthly.
What we did
Set up Xero with bank feeds and payment-platform integrations, reconciled every transaction each month, and mapped HKD reporting against USD/EUR sales.
0 → 12 months of clean books
Challenge
Needed investor-ready management accounts and a burn-rate view ahead of a Series A raise.
What we did
Built monthly management accounts, tracked runway and MRR, and prepared financial statements to HKFRS for due diligence.
Series A closed on schedule
Challenge
Partner drawings, trust-account tracking and IRD compliance were handled ad hoc and falling behind.
What we did
Took over monthly bookkeeping, separated client trust funds from operating accounts, and filed all IRD returns on time.
100% deadlines met
Challenge
High transaction volume across POS, suppliers and daily cash, with MPF and payroll to run for 40 staff.
What we did
Reconciled POS and bank daily, ran payroll and MPF each month, and prepared year-end financials for the landlord renewal.
Clean audit in 6 weeks
Challenge
L/C documentation, FX exposure and inventory costing were not reflected accurately in the books.
What we did
Tracked FX gains/losses monthly, costed inventory on a periodic basis, and prepared profits tax computations with proper transfer-pricing notes.
IRD assessment accepted, no queries
Challenge
Multiple subsidiaries with intercompany loans and dividends, and no consolidated view for the directors.
What we did
Reconciled intercompany accounts each month, prepared consolidated management accounts, and handled annual returns for each entity.
Full group visibility, every month
Featured engagement
A 60-staff regional freight forwarder came to us after two years of in-house bookkeeping that the Inland Revenue Department had queried. Revenue was split across three entities, intercompany transfers were unreconciled, and the prior year's accounts couldn't be substantiated.
The audit work
Outcome
The auditor signed an unqualified opinion, the IRD query was closed without penalty, and the group now closes its books monthly with us — so the next audit is already in shape before it begins.
Headline result
From first engagement to a signed, unqualified audit opinion — with all IRD queries resolved.
Client words
We'd fallen six months behind on bookkeeping. Profit Path caught us up in three weeks and we've been current ever since. Best decision we made this year.
Operations Director
Import / export trading co.
They prepared our management accounts for a Series A raise and handled every IRD query without us lifting a finger. Professional, responsive, and genuinely on top of the detail.
Founder & CEO
SaaS startup
Having one dedicated bookkeeper who actually knows our business means I'm not re-explaining things every month. It just gets done, and done properly.
Managing Partner
Boutique professional services firm
Market intelligence
The latest developments from the IRD, HKICPA and Hong Kong's financial regulators — the changes that affect your filings, your audit and your books.
The Inland Revenue Department has extended the deadline for businesses with accounting year-ends between January and March 2026. The new deadline is 30 November 2026 for paper filings and 30 December 2026 for electronic filings.
The 2025/26 profits tax cycle introduces mandatory electronic filing for qualifying multinational groups and updated iXBRL reporting requirements. Businesses are advised to review new disclosures regarding foreign tax credits and global minimum tax.
Draft legislation to enhance the intellectual property (IP) tax deduction regime was gazetted on 16 October 2026. The proposed changes aim to provide broader tax relief for qualifying IP rights purchased and licensed in Hong Kong.
Following the 2026 Policy Address, the government detailed a new tax concession regime for strategic industries. The proposal targets both new and existing enterprises, with an amendment bill expected to be introduced to the Legislative Council in December 2026.
The Accounting and Financial Reporting Council published its annual oversight report, noting progress in CPD compliance among CPAs. The report recommends that the HKICPA further strengthen support for the practical application of professional standards.
The Financial Services & the Treasury Bureau clarified that remuneration from proprietary trading businesses does not qualify for tax concessions under the Inland Revenue (Amendment) Bill 2026. The bill aims to enhance tax regimes for private funds and family-owned investment vehicles.
News summaries are generated from public sources and may not reflect real-time updates. Always verify with the original source before acting.
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Get in touch
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