Navigating compliance: comprehensive support in accounting services and explanations
Currently, the regulations on tax policy and tax accounting are extremely complicated and often change. If accountants do not grasp the new regulations, businesses are easy to violate tax laws, be fined and have arrears from several tens of millions to hundreds of millions of VND. Thus, a package of tax accounting services in Vietnam will help businesses minimize financial risks. In this article, we will bring an overview problem and solution for businesses to make a decision whether we should use outsourcing accounting or not, in terms of tax risks and avoid tax law violations.
1. What is a Package Accounting Service?
A tax accounting service refers to an organization or individual that operates independently from a company’s management, yet undertakes the accounting tasks of that company as an outsourced accounting department. They are not directly employed by the company but perform accounting duties based on a contractual agreement.
The concept of package accounting service encompasses comprehensive activities related to the accounting and taxation operations of a business. This includes all accounting tasks such as bookkeeping, financial statement preparation, tax reporting, tax finalization, and tax consulting. By opting for package accounting services, businesses can maximize their benefits while keeping costs to a minimum.
Unlocking Financial Success – Trust our Accounting Services to Ensure Accuracy and Compliance
The concept of package accounting service encompasses comprehensive activities related to the accounting and taxation operations of a business. This includes all accounting tasks such as bookkeeping, financial statement preparation, tax reporting, tax finalization, and tax consulting. By opting for accounting outsourcing services, businesses can maximize their benefits while keeping costs to a minimum
2. Why do businesses choose a package of accounting and tax services?
2.1 Benefits of a Package Accounting Service
2.1.1 Save cost for accounting personnel
To complete tax finalization and prepare accurate tax reports, businesses require experienced and knowledgeable accountants. Hiring such professionals comes at a significant cost. Furthermore, without a strong understanding of accounting and tax regulations, businesses may struggle to assess the correctness of their accountant’s CIT (Corporate Income Tax) finalization report, leading to potential tax risks.
However, opting for a package of tax accounting services offers a more cost-effective solution. S4B Vietnam provides such services at a lower cost compared to hiring individual accountants. Moreover, S4B Vietnam ensures that experienced tax accountants, who have expertise in tax finalization for businesses in the same industry, are assigned to provide tax accounting services. This brings added value and industry-specific knowledge to the service.
Importantly, S4B Vietnam takes full responsibility for the tax finalization process, even after the service contract has ended. This commitment provides businesses with peace of mind and reduces the potential risks associated with tax obligations. By choosing S4B Vietnam’s package of tax accounting services, businesses can benefit from cost savings, industry expertise, and reliable support throughout the tax finalization process.
The Best Accountant For Your Business
2.1.2 On behalf of the business directly explain to the tax authorities
When registering for a package of bookkeeping services, S4B Vietnam will be responsible for completely performing the procedures on behalf of the enterprise as prescribed: Accurate – Timely – Fast. Therefore, businesses will save valuable time and costs, and focus their potential on business development.
2.1.3 Helping businesses maximize revenue
Accounting personnel in specialized small and medium enterprises still have many limitations. S4B Vietnam with a staff of chief accountants, skilled professionals, careful and sure of the profession will help businesses balance and save many unnecessary costs. Thereby increasing the revenue for the business.
2.2 Current accounting outsource service in Vietnam
Many small and medium enterprises, as well as newly established businesses, often neglect the importance of maintaining proper accounting tax records. This oversight can have significant consequences. It’s important to recognize that the state regulates and monitors businesses through the comprehensive system of accounting books. If your business’s vouchers and books are disorganized, incomplete, or inaccurate, it poses a substantial financial risk.
3. What we can do for your package of accounting service
3.1 Tax declaration in full accounting service
Our comprehensive tax accounting services cover various essential aspects to ensure your business remains compliant and efficiently handles tax-related matters. Our services include tax calculation, annual license tax declaration, preparation of monthly and quarterly tax reports for submission to tax authorities, as well as the preparation of the annual Corporate Income Tax (CIT) and Personal Income Tax (PIT) finalization reports.
Additionally, we handle the preparation of reports regarding the settlement of other relevant taxes. We understand the importance of timely information, and therefore, we promptly notify your enterprise of any payable tax amounts as they arise, keeping you informed and prepared.
3.2 Accounting operations
Our comprehensive accounting services encompass a range of essential tasks to ensure the accuracy and efficiency of your financial records. We provide classification, arrangement, and closing of accounting vouchers, ensuring that all transactions are properly recorded and organized.
Our team is experienced in accounting for both financial and tax-related transactions. We review and verify input and output documents in accordance with legal requirements, ensuring compliance and minimizing the risk of errors or omissions.
Simplify Your Business Finances – Let Our Expert Accountants Handle Your Accounting Needs
We handle the meticulous accounting and bookkeeping solutions of all financial records, vouchers, and taxes, ensuring that your financial data is accurately captured and maintained. Additionally, we offer services for generating and printing various accounting books in accordance with regulatory standards.
As part of our commitment, we can act as an authorized employee, representing the role of an accountant for your enterprise. This includes assuming responsibility for the accuracy and completeness of the accounting tasks performed.
3.3 Tax advice and explanation
Whether it’s advice on proper bookkeeping practices, tax planning, or invoice compliance, we are here to provide expert guidance and assist you in making informed decisions.
When required, we can also act as a liaison and provide explanations to audit units, helping you navigate any audit processes smoothly. Our team is experienced in dealing with audit inquiries and can effectively communicate and address any concerns raised by the audit authorities.
SMART SOLUTION FOR BUSINESS COMPANY LIMITED
- Address: Unit 602A, Tower A, Handi Resco Office Building. 521 Kim Ma Street, Ba Dinh District, Hanoi
- Tel: + 84 24 3974 4181
- Email: service@s4b.com.vn
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