In jurisdictions such as the UK, Cyprus and HK, preparing and filing accounts to the local tax authorities is mandatory.
We offer a complete range of auditing and accounting service and can assist our clients with the completion of all necessary formalities. We provide accounting and auditing services for:
- Companies that have been set up with our assistance;
- Existing companies.
World Offshore Accounting services includes:
- Filing of accounts;
- Preparing financial statements;
- Completing and filing tax returns.
Since every country has its own rules regarding accounting and the deadline for filing tax returns, World Offshore will get in touch with you in good time to ask you to provide us with the data needed to prepare the accounts.
The documents requested for our accounting services are normally the following:
- Company bank statements;
- Sales invoices;
- Loan documents;
- Lease agreements.
The need for audit and accounting services
For companies incorporated in jurisdictions like the United Kingdom, Hong Kong, Cyprus and Switzerland, it is compulsory to maintain books of accounts which give a fair view of the companyâ€™s financial position. At the end of its financial year, the company is obliged to prepare full annual accounts.
An audit is an independent examination of the financial accounts and procedures of a company or organization by a qualified accountant. This is essential to determine whether the companyâ€™s financial statements present a true and fair view at a particular point in time.
Auditing is particularly important for Hong Kong companies, unless the company concerned is a dormant company. The Inland Revenue Department in Hong Kong requires a limited company to submit a set of audited accounts together with its Profits Tax Return.