The Best Accounting Firm in Hong Kong to Boost Your Business
Founded in 2013, FastLane Group is a professional Hong Kong accounting firm, and are currently providing services to over 1000+ clients, including accounting, audit, company incorporation and more.
Our staff are certified members of Hong Kong Institute of Certified Public Accountants (HKICPA) and CPA Australia (ASCPA), and we are Xero’s platinum partner. We provide one of the best services in Hong Kong.
Trusted by over 1000+ businesses
We Provide Accounting &
Corporate Services
Around The World
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Why Hire FastLane To Be Your Accounting Firm?
One-Stop, Global Services
We can support your business from local to global. Whether it is accounting in Hong Kong, or company registration overseas.
Instant Replies
The customer service quality is crucial to an accounting firm. We promise we will reply to our client’s concerns within 1 business day.
Professional Accountants
Our team consists of veteran accountants, auditors, tax and company secretary experts with 30+ years of experience.
Talk with our expert, we can help you to start your business in Hong Kong.
Start NowOur Accounting Awards
Hong Kong Advisory Partner of the Year Winner – Xero Asia Awards 2024
Hong Kong Accounting Partner of the Year Finalists– Xero Asia Awards 2021
Hong Kong Accounting Partner of the Year Finalists– Xero Asia Awards 2020
Hong Kong Accounting Partner of the Year Winner – Xero Asia Awards 2019
Our Services in Hong Kong
Accounting & Bookkeeping
We help you manage your finances from anywhere, at any time, using Xero cloud accounting software.
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Audit Services
We do paperless audit service, it allows you to conduct your audit entirely online, saving your cost and time.
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Company Incorporation
Services from entity setup, business registration, registered office address to bank account opening. Everything in one service.
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Company Secretary
Change of director, annual return filing, share transfer, allotment. We help you stay compliant and focus on your core business.
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HR & Payroll
Expert salary tax advisory, handling all your payroll and HR administration and strictly compliance with regulations.
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EOR & PEO
A cost-saving and efficient global employment solution, enabling you to access global talent and explore international business expansion.
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Tax Advisory
Profit tax filing, offshore claims, tax computation, advisory and planning. We help you maximize tax savings and ensure compliance.
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Work Visa & Work Permit
We will guide you through the complicated visa application process, ensuring everything with immigration is properly done.
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Recruitment Services
We assist you with the entire recruitment, selection, and hiring process. Dedicated to match the best talent for you.
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Xero Platinum Partner
We embarked on our Xero journey in 2013, becoming a trusted Xero Platinum partner. Our team of Xero experts is dedicated to unleashing the power of Xero for your business, revolutionizing your bookkeeping, credit control, and payroll processes.
We offer flexible involvement tailored to your needs. With Xero’s cloud-based platform, collaboration happens seamlessly from any device with an internet connection. Say goodbye to wasted time and unnecessary expenses of downloading or transferring data to your accountant.
FastLane Is A Licensed HKICPA Accounting Firm
Our affiliate firm, FastLane CPA Limited, is licensed by the Hong Kong Institute of Certified Public Accountants (Reg. No: S0615) and subject to rigorous practice review and professional standards monitoring.
What Do Our Clients Say About Us
Zeros Video
Vinterra Wines
Wristcheck Exchange
Media Coverage
FastLane Group Launched Partnership Program to Connect Different Cloud Solution and Services Provider – Yahoo News
FastLane Group Conferred the Advisory Partner of the Year for Xero Asia Awards 2024 Winner
– Sina HK
FastLane Group Celebrates 9 Years Partnership with Xero Working Together to Embrace Digital Transformation
– Yahoo Finance
Interview Podcast
EP 2.3 – Globalise Business Ops with FastLane
In this episode, Lesley interviews Alex So, Founder and Group Managing Partner of Fastlane Group on how he taps into the attractive talent market of Malaysia to expand his professional business, builds effective and multicultural teams, and leverages technology to uplift employee and client experience. Fastlane is an accounting and advisory practice headquartered in Hong Kong serving around 20 jurisdictions worldwide.
About Our Founder Alex So
Mr. So has more than 20 years of experience in finance, accounting, investment and private equity businesses with global financial institutions and asset management companies.
Importance of Accounting Firms
As the global business environment rapidly evolves and changes, accounting firms play a crucial role in modern enterprises.
Ensuring Financial Health
Accurate Financial Data: Accountants are responsible for recording, analyzing, and interpreting a company’s financial data, which is crucial for management to assess the financial health of the business. This information not only assists management in developing strategic plans but also supports day-to-day operational decisions.
Ensuring Compliance
Legal and Regulatory Adherence: Accountants are familiar with and adhere to various legal and regulatory requirements, ensuring that the company’s financial statements and disclosures meet the standards. This not only helps reduce legal risks but also enhances the company’s reputation and credibility.
Important Management Tool
Through financial analysis, businesses can gain deep insights into their financial condition, operational performance, and resource allocation. These insights help companies identify and address issues, improve business operations, and achieve long-term growth and sustainability.
Enhance Trust to External Stakeholders
Investors, creditors, partners, and government agencies rely on accurate financial information to assess a company’s value and risks. Quality accounting services ensure the accuracy and transparency of financial statements, enhancing stakeholders’ trust in the business and promoting collaboration and growth.
Application of Digital Technologies
With the implementation of automation and data analytics tools, accounting services can handle financial data more efficiently, improving the accuracy and reliability of reports. At the same time, these technologies provide businesses with greater data insights, supporting smarter decision-making and strategic planning.
Benefits of Hiring An Accounting Firm
Outsourcing accounting services to a professional accounting firms like FastLane offers multiple benefits to businesses, particularly in improving efficiency, reducing costs, and allowing a focus on core activities. Here are the seven key advantages of outsourced accounting services:
Frequently Answered Questions
What Is An Accounting Firm?
An accounting firm is an organization that provides professional accounting, auditing, and financial consulting services. These firms are typically composed of certified public accountants (CPAs) or other professionals, aiming to assist businesses and individuals in managing their financial affairs, ensuring compliance, and enhancing financial transparency.
The main services offered by accounting firms include:
- Risk Management: Assisting businesses in identifying and managing financial risks, and improving internal control and compliance processes.
- Accounting Services: Providing basic accounting services such as daily bookkeeping, financial statement preparation, and tax filing.
- Audit Services: Conducting independent audits of a company’s financial statements to assess their accuracy and compliance, and issuing audit reports.
- Tax Consulting: Offering tax planning and compliance advice to help clients reduce their tax burden and adhere to relevant tax laws.
- Financial Consulting: Providing expert advice on mergers and acquisitions, capital raising, and financial restructuring to help clients make informed financial decisions.
Why is the audit quote cheaper after FastLane completes my accounting?
The auditor’s fees are determined by the actual working hours and level of expertise required; the more time invested and the higher the difficulty of the accounts, the higher the fees. If clients lack accounting knowledge, there may be many inaccuracies in the accounts, which could even require redoing the work, thus increasing time costs. By outsourcing their accounting to us, clients can ensure that these errors do not occur, making our audit quotes more competitive.
FastLane Accounting Firm has extensive accounting knowledge, ensuring a smooth response during government audits.
Why Do Clients Outsource Their Accounting To Us?
Small businesses often require accounting services during audits, but not all accounting firms offer this service, as they cannot audit their own accounts. If clients handle the accounting themselves and then submit it to the accountant, the fees will be higher because the accounts often need adjustments.
At FastLane, we provide competitive pricing based on our extensive experience and strong relationships. We understand the requirements of accountants, ensuring that the accounts we prepare pass audits smoothly, and we assist clients in addressing any questions, delivering a true one-stop service.
Can I handle the accounting myself if I don’t have many income and expenses?
Recording income and expenses only constitutes bookkeeping, not true accounting. While there are many accounting software options available, learning the principles and knowledge of accounting is not easy. In special transaction situations, the accounts generated by software may also contain errors.
For clients who do not understand accounting, accountants can identify mistakes and charge additional fees based on the risks involved. Clients can gather their data and submit it to us, where we will prepare reports and details according to accounting standards and organize all necessary documents.
Do you have to hire an accounting firm for company audits and tax filings in Hong Kong?
Not necessarily. The law only requires that a company hire a CPA-licensed auditor to conduct the audit. One of the founders of our accounting firm and other senior team members are indeed CPA-licensed accountants. However, clients can also prepare their accounts themselves and then choose which practicing accountant to submit them to.
Under what circumstances would an accounting firm refuse to provide services?
Accounting firms may refuse to provide services under the following circumstances:
- Incomplete Client Information: The client fails to provide necessary financial documents or information, affecting the accuracy of the service.
- Non-compliant Business Activities: The client engages in illegal or unethical business activities that the accounting firm cannot support.
- Lack of Transparency: The client is unwilling to provide detailed financial information or hides important facts during communication.
- Unreasonable Requests: The services requested by the client exceed the firm’s capabilities or do not meet professional standards.
- Negative Past Experience: If the client has a poor record from previous collaborations, the accounting firm may choose not to work with them again.
- Financial Issues: The client is unable to pay the agreed service fees.
- Legal and Compliance Risks: Potential legal issues may pose risks to the accounting firm.
In these situations, accounting firms typically refuse to provide services based on professional standards and legal regulations.
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