What is accounting services in Thu Duc and what tasks does this service undertake? If you have not yet decided whether to hire an accounting service or not, or which accounting service provider is reliable, quality and professional, let’s find out the detailed answer with VIET MY LAW AND ACCOUNTING right below!

1. What is an accounting service?

Thu Duc accounting service is the act of hiring a professional unit to perform accounting-related tasks, bookkeeping, financial reporting, tax reporting, etc. on behalf of the enterprise accurately and in accordance with legal regulations. The activities that accounting services undertake include:

• Consulting on legal regulations on tax, accounting and related preferential policies.
• Proposing optimal tax and accounting solutions for expected transactions.
• Preparing documents and representing the enterprise to carry out tax declaration procedures and enjoy tax incentives.
• Checking and accounting for arising economic transactions.
• Preparing and submitting tax declarations and financial reports in accordance with regulations.
• Notifying the enterprise of the amount of tax payable and the deadline for payment.
• Completing accounting books in accordance with legal regulations.
• Consulting and representing the enterprise to work with tax authorities to resolve arising issues.
• Perform operations from document collection, payroll, insurance to tax settlement and statistical reporting.

By using professional accounting services, businesses will receive comprehensive support in accounting work, ensuring full compliance with legal regulations, helping to save time and costs.

2. Conditions for opening an accounting services in Thu Duc

Currently, the trend of using accounting and auditing services is becoming more and more popular in many newly established and long-standing businesses thanks to its convenience and cost savings. Because of that need, many investors have decided to start a business by establishing an accounting service company. However, to be licensed to open an accounting service company in Thu Duc, the business must fully meet the following mandatory conditions:

2.1. Type of business

According to the provisions of Article 59 of the Law on Accounting, an accounting service company can register to establish in the following forms:

• Limited liability company with at least 2 capital contributing members.
• Partnership, including limited members and general partners.
• Private enterprise owned by an individual and responsible for himself.

Depending on the scale, financial capacity and business strategy, enterprises can choose the appropriate legal form to establish an accounting service company. Each type has its own characteristics, advantages and disadvantages in terms of ownership structure, management and legal responsibilities of the owner.

Regardless of the form of Thu Duc accounting service establishment, the accounting service company must comply with the provisions of the law on business conditions in this specific industry to ensure the provision of quality, transparent services and meet the needs of customers.

2.2. Certificates related to the accounting profession

Having enough qualified accounting staff

To establish an accounting service company, the enterprise must have at least 2 employees who meet the standards of accountants according to the provisions of Article 58 of the Law on Accounting:

• Being 18 years of age or older, having full civil act capacity.
• Having practical experience in accounting, auditing, and finance.
• Participate in training courses and update knowledge periodically.

Have a certificate of registration to practice accounting services

Accountants who meet the conditions in Section 1 will be granted a certificate of registration to practice accounting services according to the provisions of Clause 1, Article 59 of the Law on Accounting.

Note: This certificate is only valid when the person granted it signs a full-time labor contract with the accounting service provider.

Have a certificate of eligibility to conduct accounting services

After meeting all the requirements on human resources, facilities and legal procedures according to the Law on Accounting, the company will be granted a certificate of eligibility to conduct accounting services and officially be allowed to operate.

Thus, meeting the requirements on accounting human resources, practice licenses and business conditions are important steps to legally establish an accounting service company in Vietnam.

3. Accounting service process in Thu Duc

Usually, Thu Duc accounting services will be performed according to the following process:

1. Perform legal entity registration procedures with the tax authority.
2. Complete procedures related to invoice issuance.
3. Receive and store invoices, documents, and accounting books of the enterprise.
4. Declare and submit tax reports such as business license tax, value added tax, personal income tax.
5. Prepare invoice usage reports.
6. Declare and submit quarterly provisional corporate income tax reports.
7. Prepare and complete accounting books.
8. Prepare annual financial statements.
9. Prepare annual personal income tax and corporate income tax finalization reports.
10. Organize and store complete accounting records.

For each client enterprise, the accounting service provider will advise and provide detailed instructions on the process of performing accounting operations, clearly defining the accounting service activities that will be performed on behalf of the client and the tasks that the enterprise needs to prepare and perform on its own. As a result, the enterprise will receive maximum support in accounting work, ensuring compliance with legal regulations and optimizing operating costs.

4. Benefits of using accounting services in Thu Duc

Accounting services bring many practical benefits, especially for newly established businesses and small and medium-sized enterprises:

• Save time: Businesses do not need to spend a lot of time preparing documents and performing complicated tax declaration procedures. Accounting and tax work will be performed quickly, accurately and legally by a team of professional staff, helping businesses focus on their main production and business activities.
• Optimize effort: Businesses do not need to travel to submit documents directly, sometimes having to travel many times due to omissions. All work related to accounting and taxes will be performed periodically and accurately by a team of professional accountants.
• Reasonable cost: Thu Duc accounting service packages and personal income tax declaration have extremely reasonable fees. In addition, businesses also save on fixed costs such as hiring accounting staff, training staff, purchasing office equipment, accounting software, etc.
• Commitment to confidentiality: All accounting information of the business is committed to absolute confidentiality, helping businesses feel secure about the safety of data.
• Legal efficiency: All accounting procedures are always carried out in accordance with regulations on accounting, taxes, invoices and vouchers. Businesses will receive accurate and timely reports every month, quarter, year at any time upon request.
• In-depth consultation: The team of professional Thu Duc accounting service staff will advise and guide businesses on new regulations and policies related to accounting and taxes, ensuring that businesses are always updated and in compliance with legal regulations.

By using accounting services, businesses will save a lot of time, effort and costs, while ensuring the efficiency of accounting work, information transparency and compliance with regulations.

5. The leading accounting service in Thu Duc today

If you are wondering which accounting service to choose in Thu Duc, please contact VIET MY LAW AND ACCOUNTING Company immediately for advice and support in performing professional, quality and comprehensive accounting services at the most competitive cost.

Our accounting service will conquer you with the following outstanding advantages:

• Long-term experience: With more than 12 years of experience in the profession, we will advise and guide customers on accounting items in a professional, accurate and legal manner.
• A team of experienced experts: Mr. Nguyen Thanh Phuc is a leading expert in the field of Law and Accounting in Vietnam, who has valuable experience in business administration, legal consulting, tax and strategic consulting for over 15 years. He is the founder of the VIET MY LAW AND ACCOUNTING brand – one of the only brands in Vietnam that has enough prestige and capacity to successfully franchise nationwide with more than 80 branches. With outstanding experience and expertise, Mr. Nguyen Thanh Phuc has affirmed his position in the field of Law and Accounting in Vietnam. The success of the Viet My brand further demonstrates his influence and prestige in this profession. Along with that is a large team of accountants with high expertise in the field.
• Quality commitment: Customers can be completely assured of the quality of tax declaration services and professional service from the team of experts. Accountants have a solid understanding of professional expertise and are always dedicated to serving customers.
• Competitive costs: Accounting service costs are always publicly announced, transparent and committed to not having any other additional costs.
• Cost savings: Instead of having to struggle with complex accounting operations or building an accounting team, hiring accountants periodically, which is costly, our accounting service is the optimal solution for businesses to be able to do accounting quickly – accurately – accurately – saving maximum costs!

The birth and development of VIET MY LAW AND ACCOUNTING is not only a service provider, but also a symbol of professionalism, prestige and quality in the legal and accounting field in Vietnam. With a successful franchise model, Viet My has expanded its scope of operations and influence nationwide, becoming one of the leading brands in the Thu Duc accounting service industry.