OUR SERVICES | ivanchancpa

Practice Areas

Auditing, Assurance and Taxation

According to the Company Ordinance of Hong Kong, a company is required to present its audited report signed by a Certified Public Accountants with practicing license at annual general meeting.

The Inland Revenue Department issues tax return to taxpayer each year, taxpayer must complete and return it with related documents within time requested.

Wrongly fill in, or omission, or delay to submit tax return, those misconducts will lead to violation of the Inland Revenue Ordinance, to worse, taxpayer may face prosecution and penalty, we have extensive experiences in handling tax issues, we can act as tax representation to helping our clients to deal with the Inland Revenue Department.

We commit to provide comprehensive and high-quality audit and assurance, taxation services, our audit teams have deep experiences on audit and assurance services, and expertise on handling tax issues, we focus on quality, independence, transparency and audit methodology to ensure compliance with professional standards. We give advice and recommendation to our clients on weakness and issue found out during the audit , helping them to enhance public and investor confidence.

Professional Accounting

According to the Company Ordinance of Hong Kong, a company is required to keep any books of account no less than 7 years.

Our professional accounting services are carried by experienced qualified accountants, we focus on professional competence and due care, clients' information will be treated with utmost care and confidentially, high efficiency with affordable price, are building up sound reputation for us.

We adopt professional accounting software, accounting records can be kept for long periods.

Accouting records with accurate, and compliance with professional accounting standards, are definitely key critical success factors to business. We provide high quality professional services while helping clients in reduction of burden financial labor costs.

Our professional accounting services include:

1) Preparation of financial statements, including balance sheet and income statements

2) Preparation of consolidated financial statements

3) Preparation of daily ledger, sub-ledger, cash and bank accounts, accounts receivable and accounts payable

4) Preparation of fixed assets register list

5) Cash and bank reconciliation

6) Financial analytical reports and improvement solutions ( if required)

Our services can be provided on monthly, quarterly and yearly basis depending clients' requirement. To be convenient for clients, we also provide on-site accounting services.

Our professional accounting services are offered at affordable price, clients also can choose our service packages at more competitive price.

Financial Advisory

In order to expand the business or explore new market In line with the business development, the company may require additional funding. Traditionally, bank loan is an additional source of funding. You may also consider to introduce institutional investors or to issue convertible bonds or to apply for listing to raise additional funds. We can provide preliminary consultancy to you based on our professional knowledge, experience and network in the financial markets to help you preparing business proposal, feasibility study or market research aiming to achieve your goal and obtain success.

Fund Raising and IPO

We also focus on quality client preparing for listing. Through our connections, we are capable of introducing in a good coverage of investors both pre and post IPO.

Mergers and Acquisitions

We have accumulated experience in handling mergers and acquisitions in Hong Kong and the mainland China. We are also involved in advising offeror and offeree companies in relation to takeovers and share repurchases.

SME Loan and Bank Facilities

We offer a pre credit analysis and assist our SME client to obtain bank loan and facilities from our introduced bankers. Due to a better relationship between us and our introduced banker, we act as a consultant for our client in order to achieve a higher chance of success application and a better offer in terms of loan size or interest rate, etc.

We provide a free-of-charge preliminary consultancy and assessment. Quotation will be given after preliminary assessment on the company’s situation and the scope of services required.

Company deregistration or liquidation

1. Company deregistration:

A Hong Kong company (including dormant company) can apply to the Registrar for deregistration of the company and should fulfill the followings:

(1)  All the members agree to the deregistration;
(2)  The company has not commenced operation or business, or has not been in operation or carried
on business during the 3 months immediately before the application;
(3)  The company has no outstanding liabilities;
(4) The company is not a party to any legal proceedings;
(5) The company's assets do not consist of any immovable property situate in Hong Kong; and
(6)  If the company is a holding company, none of its subsidiary's assets consist of any immovable property situate in Hong Kong.

2. Company liquidation

There are three methods for dissolving a limited company in Hong Kong:

(1) Members' voluntary liquidation;

(2) Creditors' voluntary liquidation; or

(3) Compulsory liquidation by the court.

We offer professional service packages at affordable price, welcome to contact us for details.

We are pleasure to provide our professional services to our valued clients:

Audit assurance and taxation
Professional accounting
Company formation and company secretary
Company deregistration and liquidation
Corporation finance and management

We provide customized services tailored to our clients' need at affordable price. Clients also can choose service packages for their specific requirements at more competitive price.

Our professionalism includes professional competence and due care, integrity, objectivity and confidentiality. Clients' information will be treated with utmost care and confidentially.

Our aim to be your best business partner and adding value to your business.

Company Formation and Company Secretary

Company formation:

- Hong Kong limited company

- British Virgin Islands company

- Cayman Islands company

We offer an efficient service to ensure the compliance to the relevant laws of a company and advise any change of provisions which may affect the company as early as possible. This avoids penalties and the non-compliance, which may affect internal and external documentation as to the third parties.

In helping clients, we provide excellent and efficient service to company formation of various nature, like proprietor, partnership, limited company, non-profit making association and off-shore company. Share revaluation, business buy-out, merger and amalgation may be of helpful in company restructuring.

We provide virtual office services, including registered address provided in Hong Kong, mails collection and transfer (exclude postage) services, etc. Welcome to contact us for details.

Special Audit and Due Diligence Services

Due diligence is an important information gathering process for the investors to evaluate the target company and its assets before entering into an transaction. It helps the investors to have an in-depth understanding of the financial status and the true level of risk involved in the potential transaction, in order to minimize risk and help ensure success.

Scope of our financial due diligence engagement

Financial analysis, examine the financial statements and all related accounting records
Review all the statutory records and tax related matters of the target company
Review the major agreement or related contract
Obtain the information of related parties relationship and verify the valuation of related parties transactions
Overall site visit and physical inventory count
Verify the existence, ownership and valuation of particulars of working capital, including current assets and liabilities
Validate the financial data are genuine, accurate and recorded completely
Identify any potential defects, unrecorded or understated liabilities and unpaid commitment
Assess the credibility of the target company

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