Full-Package Accounting Services at VN Law Firm

1. Detailed Full-Package Accounting Services

1.1. Tax Procedure Implementation

– Declaration of License Tax;

– Registration of Tax Identification Numbers (TINs) for new employees and registration of dependents;

– Preparation and submission of monthly tax returns to tax authorities (VAT, CIT, PIT) as regulated;

– Preparation and submission of quarterly tax returns to tax authorities (VAT, CIT, PIT) as regulated;

– Preparation and submission of annual Corporate Income Tax (CIT) finalization declarations as regulated;

– Preparation and submission of annual Personal Income Tax (PIT) finalization declarations as regulated;

– Preparation and submission of invoice usage reports as regulated;

– Notification to clients of tax amounts payable and payment deadlines;

– Assistance to clients in working with and explaining to tax authorities within the scope of work performed.

1.2. Accounting Work

– Recording of accounting entries based on documents provided by clients;

– Preparation of detailed accounting ledgers;

– Calculation of fixed asset depreciation; allocation of tools, instruments, and prepaid expenses;

– Preparation of quarterly financial statements as regulated;

– Preparation of annual financial statements as regulated.

1.3. Chief Accountant Services

– Appointment of Chief Accountant personnel for clients;

– Performance of Chief Accountant duties.

1.4. Labor and Social Insurance Work

– Implementation of procedures for social insurance, health insurance, and unemployment insurance registration for employees;

– Implementation of procedures for reporting labor increases and decreases;

– Implementation of procedures for finalizing social insurance books.

1.5. Payroll Services

– Preparation of monthly payrolls, including salaries, bonuses, and allowances;

– Calculation of monthly salaries for employees;

– Calculation of monthly social insurance, health insurance, and unemployment insurance contributions;

– Calculation of monthly Personal Income Tax (PIT) for employees.

1.6. Consulting Services

– Consultancy on accounting laws, tax laws, and invoice usage regulations for clients within the scope of work performed;

– Working with auditing firms (if any).

1.7. Reporting Work

– Preparation and submission of reports to the Department of Finance on investment project progress (for FDI enterprises, if applicable);

– Preparation and submission of statistical reports to the Statistical Office.

1.8. Report Submission

Submission of tax reports to tax authorities.

2. When Should Enterprises Use Full-Package Accounting Services?

– Enterprises that are uncertain about the operations of their own accounting department, accounting service unit, or accounting staff.

– The current accounting, tax declaration, financial statement preparation, and tax finalization departments or personnel within the company are weak and unable to meet the requirements of accounting work and tax declarations in accordance with legal regulations.

– You are a small or medium-sized enterprise and do not require a professional in-house accountant or chief accountant to reduce costs.

– You are a foreign-invested enterprise operating in Vietnam and are unfamiliar with Vietnam’s tax and accounting regulations. To avoid risks related to the implementation of Vietnamese accounting and tax procedures.

– Your enterprise is a newly established company without accounting staff or a chief accountant and requires an accounting professional with sufficient qualifications, experience, competence, and degrees to perform accounting services, provide accounting consultancy, guide on invoices, documents, accounting books, tax declarations, and advise on relevant tax laws.

– You are a business owner or the legal representative of an enterprise, and you are not well-versed in accounting or tax regulations. How can you then inspect and evaluate whether your accounting staff, tax reporting personnel, or chief accountant are performing accounting and tax procedures correctly according to regulations?

– The enterprise desires a professional accounting service company, established and operating in accordance with legal regulations, with accounting staff holding Auditor Certificates/Accounting Practice Certificates and registered for accounting practice as regulated, to perform all accounting work for their enterprise.

3. Benefits of Using VN Law Firm’s Full-Package Accounting Services

– The quality of accounting work provided through VN Law Firm’s full-package accounting services is always guaranteed to be optimal, in compliance with legal regulations on accounting, taxation, invoices, and documents.

– By utilizing full-package accounting services, VN Law Firm personnel will advise and answer clients’ questions related to tax, accounting, and invoice/document regulations.

– VN Law Firm’s full-package accounting services will provide clients with accurate, timely, and prompt reports monthly, quarterly, annually, or at any time requested by the client.

– The cost of full-package accounting services from VN Law Firm is consistently significantly lower than hiring an in-house accountant with equivalent qualifications.

– With full-package accounting services, the personnel responsible for your enterprise’s accounting work are always stable. Clients no longer need to worry about the fluctuation of accounting staff, as the enterprise’s accounting service operations are handled by a professional accounting service company.

– VN Law Firm’s full-package accounting service staff are always fully and promptly updated on legal regulations, accounting regimes, and current tax laws to provide timely advice to clients, ensuring the best benefits for them.

– VN Law Firm’s full-package accounting service operations are performed according to a scientific process, consistently monitored, supervised, and re-checked in all cases to ensure the highest quality accounting services and compliance with regulations.

– The fee for VN Law Firm’s full-package accounting services is deductible as a legitimate expense when calculating corporate income tax. VN Law Firm will issue monthly invoices for accounting service fees to clients.

– By using full-package accounting services, VN Law Firm will always accompany your enterprise every step of the way in business, continuously seeking ways to support and serve clients in the best and most effective manner to foster their development.

By choosing VN Law Firm’s full-package accounting services, we will handle all accounting work for you. Clients only need to sign the reports and accounting books prepared by VN Law Firm’s accounting service.

During the provision of full-package accounting services, VN Law Firm will advise clients on complying with legal regulations related to tax laws, accounting regulations, invoice and document regulations, and business laws to ensure the enterprise operates safely and in accordance with legal provisions.

Utilizing VN Law Firm’s full-package accounting services is the optimal choice for enterprises today. It ensures cost savings, guarantees accounting operations are performed in compliance with legal regulations, and always maintains the highest quality of accounting work.

If your enterprise is in need of full-package accounting services, please contact VN Law Firm for more details.