Balance sheet: reflects the actual assets of the company, whether it is insolvent, whether it can borrow money in the name of a Hong Kong company, and its solvency. It also directly reflects the credit of a Hong Kong company. It is usually the direct basis for Hong Kong companies to apply for loans or other financial activities from Hong Kong banks;
Income statement: it is the statistics of the profits of Hong Kong companies in this fiscal year, the basis for tax assessment and calculation, and the direct embodiment of solvency. According to the regulations of Hong Kong Inland Revenue Department, the first profit of Hong Kong companies of HK$ 2 million only needs to be paid at the preferential tax rate of 8.25%. Profits after HK$ 2 million are only taxed at the rate of 16.5%.
Tax form: it is the node that Hong Kong companies declare themselves in the tax filing process, that is, the tax return issued by the Hong Kong Inland Revenue Department to each Hong Kong company. Hong Kong CPA collates the accounts, receipts, monthly statements and business documents of Hong Kong companies, and after checking the profits, calculates the tax payable at a certain tax rate and fills in the form. Whether or not to pay taxes and fees, how much taxes and fees are paid are concentrated here.
Accountant's opinion: As the auditor of this Hong Kong company (Hong Kong calls accountants auditors, which can more intuitively reflect the professional characteristics of certified public accountants), the opinions expressed by this Hong Kong company are based on the business data and cash flow vouchers provided by this Hong Kong company for analysis and comments.
It can be seen that the audit report of Hong Kong companies is rich enough to describe the actual operation of a Hong Kong company and calculate the profits tax payable by Hong Kong companies. This is the direct control of the Hong Kong government on the operation of every Hong Kong company.
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