Effortless Hong Kong Accounting with OCTIS

Running a business already involves managing operations, customers, sales and growth. As your business expands, handling bookkeeping and accounting internally can take valuable time away from your core activities. Outsourcing your accounting to OCTIS gives you access to professional accounting support without the overhead of maintaining an in-house finance team. You can focus on growing your business while we take care of the numbers.

OCTIS leverages its own digital accounting tools to simplify financial management and improve visibility over your business finances. Our digital solutions help you: - Capture and recognise invoices and receipts. - Match supporting documents with financial transactions. - Monitor outstanding invoices and payments. - Manage single and multi-currency transactions. - Track outstanding balances and cash flow. With centralised digital records and streamlined accounting workflows, you can stay informed about your financial position while reducing manual administrative work.

You can submit your accounting documents in whichever format is most convenient for you. Whether you have physical receipts, invoices, bank statements, spreadsheets or digital documents, simply upload them through the OCTIS platform or send them directly to our accounting team. Our accounting team will organise, process and review your submitted records to facilitate accurate bookkeeping, financial reporting and preparation of annual financial statements in accordance with the applicable reporting requirements.

Companies incorporated or operating in Hong Kong may have various annual tax and reporting obligations, depending on their business activities and circumstances. Common requirements include: Profits Tax Return Companies are generally required to submit an annual Profits Tax Return to the Inland Revenue Department (IRD), together with the relevant supporting documents, including audited financial statements and tax computations where applicable. For newly incorporated companies, the first Profits Tax Return is generally issued around 18 months after incorporation. Subsequent filing deadlines depend on the return issued by the IRD and any applicable extensions. Employer's Return Companies employing staff are generally required to submit an annual Employer's Return (BIR56A), reporting employee remuneration and other relevant employment details for the applicable year of assessment. OCTIS can assist with bookkeeping, preparation of financial statements, tax computations and coordination of the relevant tax filing requirements to help your business meet its compliance obligations.

Managing your business finances should not become a distraction from growing your business. OCTIS combines professional accounting support with digital tools to make financial management more accessible, organised and efficient. When you work with OCTIS, you benefit from: - Professional Accounting Support: Get assistance with bookkeeping, financial statements, and accounting-related matters. - Digitalised Workflows: Submit and manage your financial documents through a convenient digital platform. - Greater Financial Visibility: Keep track of transactions, outstanding invoices and your business's financial position. - Compliance Support: Stay on top of relevant accounting and tax reporting requirements. - Scalable Solutions: Access accounting support that grows alongside your business. More than just bookkeeping, OCTIS helps you build a stronger financial foundation for sustainable business growth.

Cloud accounting is a digital accounting approach where financial data and accounting software are hosted on remote servers and accessed through the internet. Unlike traditional desktop accounting software, cloud accounting allows authorised users to access financial information from different locations and devices without relying on a single computer. With OCTIS's digital accounting solutions, managing your business finances becomes more convenient, connected and efficient.

OCTIS provides professional accounting support to help businesses manage their bookkeeping, financial reporting and tax compliance requirements. Where Certified Public Accountant (CPA) services or statutory audit services are required, we can coordinate with the relevant qualified professionals, subject to the scope of engagement and applicable regulatory requirements. Our aim is to provide you with the appropriate accounting expertise and support throughout your business journey.