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Top 3 services you should outsource in the field of Accounting and Taxation

Tax regulations and policies change every year. New legal amendments require businesses to regularly update and adjust their accounting practices to avoid violations and to build a PROFESSIONAL and SECURE tax accounting system, allowing them to confidently implement their business strategies.

With the increasing responsibilities of accounting and taxation, most businesses today are increasingly turning to solutions. outsource services Because it brings many benefits to businesses. Below are the top 3 accounting and tax services that businesses should outsource.

See more: Top 2 best Human Resources and Social Insurance management services.

Top 3 services in accounting

1. Full-service accounting and tax services

Comprehensive Accounting and Tax Services help businesses effectively resolve issues related to accounting, taxes, social insurance, labor, and payroll, assisting businesses in their operations. achieving tax objectives in the context of a constantly changing legal landscape.

1.1. Who needs to use this service?

  • Newly established businesses often lack the resources to implement complete accounting practices that meet legal requirements.
  • Businesses don't know how to begin the accounting process.
  • Businesses are concerned about errors in their accounting and bookkeeping practices.
  • When a company has an accountant who leaves or changes jobs, the process of compiling and preparing accounting records becomes difficult.
  • Businesses that do not have a representative or whose representative lacks experience in settling tax matters with the tax authorities.
  • Internal accountants in businesses want to share the workload because they cannot simultaneously handle both internal accounting and government accounting duties.
  • Businesses want to improve and optimize the costs of their accounting system.

1.2. Advantages of using a comprehensive accounting service package.

  • Solving problems related to internal accounting and state accounting.
  • Optimizing costs for businesses.
  • Ensure accuracy of data and records.
  • High security
  • Having had the opportunity to interact with and receive advice from many experts.

1.3. Expertis' Service Content

The services and tasks performed by Expertis include:

Providing advice and assistance with the procedures for registering various types of taxes for businesses.

  • Prepare Business License Tax Reports
  • Prepare VAT tax reports.
  • Prepare Corporate Income Tax Reports and Corporate Income Tax Final Settlement Reports.
  • Prepare Personal Income Tax Reports and Personal Income Tax Final Settlement Reports.
  • Provide explanations regarding tax settlements when requested by the tax authorities.

Perform specific accounting and tax tasks.

  • Providing advice on the proper use of input and output invoices.
  • Classify original documents, balance input and output VAT.
  • Prepare tax returns, declare personal income tax, report on invoice usage, and calculate provisional corporate income tax.
  • Submit tax returns to the tax authorities as required.
  • Complete the documentation and prepare the accounting records.
    • Prepare accounting documents: Incoming, outgoing, revenue, and expenditure records.
    • Prepare detailed cost accounting records, inventory records, accounts receivable, and accounts payable records.
    • Prepare allocation and depreciation forms, etc., in accordance with regulations.
    • Prepare payrolls and related labor forms.
    • Prepare the ledger for the accounts.
    • Keep a general journal.
    • Prepare corporate income tax and personal income tax returns.

See details: Tax accounting service

1.4. Service Price List

Expertis will provide an accurate quote once they know:

  • The business activities of the enterprise
  • Average number of invoices per month
  • Additional customer requirements

2. Financial Statement Preparation Services

Financial reporting services are among the top three professional accounting and tax services that should be outsourced. They help businesses obtain complete accounting records and financial reports, meeting the management requirements of business owners, government agencies, and the useful needs of users in making economic decisions.

There are two types of financial statements:

  • Annual financial statements: applicable to all types of businesses across all industries and economic sectors.
  • Interim financial report:

              + Enterprises wholly owned by the State or holding a controlling stake, and entities with public interest, must prepare interim financial statements;

              + All other types of businesses are encouraged to participate.

2.1. Who needs to use financial statement preparation services?

All businesses want to ensure the accuracy and security of their data, minimizing the risk of being subject to retroactive tax collection.

2.2. Content of Financial Statement Preparation Services

Expertis' service process includes 3 steps:

Step 1: Review the reports that have been prepared. (tax returns, documents, invoices, etc.)

Step 2: Prepare Financial Statements

Step 3: Complete the accounting records. (Issuing financial statements, providing explanations, and working with tax authorities...)

2.3. Advantages of using DV

  • We have complete, highly accurate, and secure financial reports.
  • Receive advice on solutions to help businesses comply with tax regulations.
  • Providing advice on solutions to optimize tax payments in accordance with tax laws.
  • Advising on corrections and adjustments to ensure compliance with tax regulations.

2.4. Service Pricing

Expertis will provide an accurate quote once they know:

  • The business activities of the enterprise
  • Average number of invoices per month
  • Additional customer requirements

See details: Financial reporting services

3. Tax Settlement Consulting Services

Tax settlement is the final service in the Top 3 services in professional accounting and taxation, a mandatory task for every business, aimed at fulfilling tax obligations within a specific timeframe.

3.1. Who needs to use tax settlement consulting services?

This service is specifically designed for businesses that already have a complete accounting system, and it is a useful solution to enhance the reliability of the company's accounting system and control tax and accounting risks.

3.2. When does a business need to implement QTT?

Businesses should conduct tax audits at the end of the fiscal year or when they wish to dissolve the business.

3.3. Content of Expertis' QTT Service

  • Collect information
  • Checking and reviewing various types of documents.
  • Providing advice on adjusting and correcting inappropriate documents.
  • Prepare tax settlement reports.

Providing consultancy services to businesses throughout the work process.: Providing advice on adjusting and balancing data; guiding the handling of tax violations…

3.4. Why should businesses outsource QTT instead of doing it themselves?

  • The job requires a high level of expertise; accountants must have extensive experience in financial settlement.
  • Those performing the work must be honest and transparent.
  • The workload involved in a tax settlement process is enormous, and if a business handles it itself, it incurs significantly more costs than outsourcing the service.
  • The person representing the business in explaining matters to the tax authorities must be a highly qualified professional with excellent skills in working with tax authorities.

3.5. Service Pricing

Expertis will provide an accurate quote once they know:

  • The business activities of the enterprise
  • Average number of invoices per month
  • Additional customer requirements

See details: Tax settlement services

For specific advice and accurate pricing of services.

Please contact our hotline: 0903 024 034
www.expertis.vn

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