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Annual China
Accounts Audit

For companies that comply with accountancy and tax regulations in China.

What Is The Annual China Accounts Audit?

Foreign investors' companies such as Wholly Foreign Owned Enterprises (WFOEs) and Joint Ventures (JVs) must have their financial statements, including balance sheets, income statements, and cash flow statements audited each year by a certified public accountant (CPA).

The goal of the audit is to double-confirm that your company's financial situation is as it is said to be in your accounts and that there are no anomalies.

A CPA is impartial, as they are independent, and so an annual accounts audit offers you additional assurance about your company's financial health in the following ways:

  • A CPA confirms that no accounting errors have been made, or if found, can be corrected before being submitted to the authorities.
  • The auditor can feed back to you any areas of financial concern, giving you confirmation on where your company has or may have issues and allowing you to put them right.

OUR WORKING PROCESS

01.

Consultation & Proposal

We (can) advise you on the best solution for your business model and send you our comprehensive proposal.

02.

Signing & Payment

After reviewing the proposal, we sign the service contract and receive your payment.

03.

Preparing Documents

We send you an application form as well as the list of documents we need from your side.

04.

Take a Break

Sit back, relax and let us take care of everything from here on out.

 

 

The Annual China Accounts Audit Package = No Stress

The Annual Auditing in China is bureaucratic, confusing, and stressful; not to mention reliant on excellent Chinese reading, writing, and speaking. We can help you get your company off the ground and start focusing on what's important, your business, in this new stress-busting package.

When working with Hongda to open and run your new Chinese company by choosing the complete Annual Auditing Service , you'll receive the following essentials:

Which Annual Package Are You Looking For?

 
Chinese Company
Annual Financial Maintenance
 

Get assistance in the annual report and material for the annual enterprise inspection and annual tax settlement, 100% compliance and satisfaction guaranteed all-year long.

What's included:

  • Corporate Income Tax Declaration;
  • Corporate Income Tax Settlement;
  • Annual Enterprise Inspection;

Pricing:

 

 
Chinese Company
Annual Auditing Services
 

Examination and evaluation of your financial system and statement to make sure everything is in accordance with provisions of laws and regulation, handled by  highly-experience CPAs.

What's included:

  • Financial Statement Examination;
  • Financial System Examination;
  • Tax Declaration Examination;


Pricing:

 

 
Individual Income Tax
Annual Settlement 
 

Help you calculate and examine your annual individual income tax and annual income tax settlement. Get help with tax professionals  to always keep you complaint. 

What's included:

  • Individual Income Tax Account Registration;
  • Individual Income Tax Declaration;
  • Annual Income Tax Settlement;
  • Real-time Updates and Reports;

Pricing:

 

 

 

What The Annual Auditing Service Includes

It can be difficult to find the right CPA who is going to do a fast, effective, and easy-to-follow job, and who can communicate well in English.

By outsourcing this task to Hongda, we’ll arrange for one of our partner CPAs, who are amongst the best in Shenzhen and the rest of the PRD, to handle your audit.

You’ll be reported to in English in order that you fully understand your accounts situation in totality.This gives you more time to focus on other matters by saving you the headache of finding a CPA to do this in the first place, and that you may have little idea if the ones that you find are actually capable.

Should any issues arise, our China accounting and tax experts can also consult you on your company’s options moving forward and advise on the correct steps to make sure your company is compliant.

When Hongda arrange and oversee your annual China accounts audit, you’ll:

  • Have more time to focus on business
  • Be assured of a top CPA undertaking the audit
  • Get feedback on the audit in plain English
  • Have the option of consulting with our accounting and tax experts should your business need it following the audit



The following is a list of documents required for audit in mainland China:

  • Articles of association;
  • Business license;
  • Profit statement, balance sheet and Trial Balance(Audit period);
  • Bank statement(Audit period);
  • Electronic version of ledger and voucher chronological book(Audit period);
  • Year-end value added tax, enterprise income tax returns;
  • Tax audit report of last year or return for final settlement of enterprise income tax;
  • Last audit report (lf applicable).

 

The following is a list of documents required for the annual inspection in Mainland China:

  • Login account and password of electronic tax bureau;
  • Login account and password of the industrial and commercialadministration system;
  • Employee list (including gender and education);
  • Purchase details of social security in December 2022.

 

Chinese companies MUST prepare their annual audit before April 31st each year. Get professional assistance to handle your audit. Book a conference call to request a FREE consultation with our experts where we'll suggest the best course of action to tackle it.

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Hongda Business Services take the worry out of the annual China accounts audit, with professional accountants and clear communication in English.

OUR PROMISES

 

Doing business with HONGDA is getting a share in our know-how, expertise and dedication. Our determination leaves our customers with peace in mind, as they know our passion and strive for perfection in all that we do.

To ensure that we keep pushing the boundaries of what our market can expect, we relentlessly strive for increased benefits of doing business with HONGDA. To declare our efforts, our daily work is based on 4 tangible, practical promises to our customers - and just as much to ourselves.

ACCOUNTS AUDIT PROCEDURE

WHAT CLIENTS ARE SAYING

Sound United

Jack Peng
Sound United Vice President > Asia Pacific


Sound United la leading desianer and manufacturer of consumer audio products in the us) has been usina Honada Business Services since2013 Moving one's operations to China is not a small task, but Hongda's expertservices helped us set up a company and deal with tax issues so we could get on with qrowing our business inno time at a!l, and that's whywe continue to use them today.
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Business service Guid

Hongda Business Services helps foreign businesses looking to establish in the PRD (Pearl River Delta, Guangdong), Shanghai and Hong Kong take advantage of everything that China has to offer. We typically work with companies in Shenzhen, Guangzhou, Zhuhai, Zhongshan, Shanghai, and Hong Kong.
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FAQS

How do I set up a company in Shenzhen or the PRD?

Prepare the shareholder certificate, letter of good standing from the bank. Find an office in China. Make the application (of course better find a professional agent in China to help you).

Do I need to have a foreign company to start a company in China?

No, you could also use your personal name to start the company in China.

What are the drawbacks of a WFOE / rep office / JV?

Rep.Office:High tax, could not hire Chinese employees directly.

WFOE/JV: Slow registration time.

The benefit of all is that if you aim to run a business in China, any will allow you to do so. 

Do I need to personally go to China to set up the company?

No, you dont. Hongda Business Services
can help you to do this while you are abroad.

Do I need an actual office space to register a WFOE / rep office / JV?

Luckily now, you dont. Hongda Business Services can provide the office address for registration. 

Which documentation do I need for a WFOE / Rep Office / JV?

Oversea investor's certificate, bank reference letter and office in China are the key documents for each company type. 

GET IN TOUCH WITH OUR TEAM

Don't hesitate to contact

Leave your message about the inquiries you have or book a meeting with Hongda for a free consultation.

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