Hi everyone,
I opened a company in december 2019 with a service, and stopped the activity in march 2020. I only issued 1 invoice , and decided to stop it because i realized it's not benefitial for me after all.
i paid around 1000 USD to that company last december for business registration, virtual office...
now i'm asking for deregistration, i paid for their service (around HK$ 2200), the anniversary of my registration happens mid december. They explained me that given this for deregistering (4 months before the anniversary), i might be obligated to renew the company for a year.
This is a quote from them
If there is any outstanding have not submit to IRD/CR, they will ask the company to submit it before the company dissolve, this will extend the process of deregistration and IRD & CR have the right to asked the company to renew for another year (renew BR & submit Annual Return).
As the deregistration will take 10-12 months for processing, IRD & CR still have the right to decide to issue the renewal notice or not. it can only wait for their letter to know.
i already paid them the fee for deregistration, but didn't send them the documents by post yet, so they didn't start the procedure yet.
What i'm wondering is should i ask the same person to handle both my de-registration and my tax return / audit return, or if it's okay to let them handle the deregistration and ask someone (less expensive) to handle the accounting / auditing (without risking this mandatory renewal)
Next problem is for the accountancy / auditing, they're asking me HK $9500, which is about 3.3 times more than what i will owe for taxes since my situation is the easiest you can think of (only 1 invoice of around 5000 USD to declare). This seems like an insanely huge price for me.
is that a fair ? do you know any way of having it done for a cheaper price ?
Thanks in advance if anyone has any inputs for me.