Small and newly established businesses today tend to use full-service accounting services as the best budget solution. However, many businesses still do not know what full-service accounting is and how it works. The article below will answer these questions and help you choose the appropriate accounting service package.

1. Reasons to use Viet My’s accounting services

To maintain smooth business operations and comply with regulations, businesses must build a professional tax accounting system from the beginning. This is a big challenge for small businesses and startups. This is because the accounting field places very high requirements not only on the professional capacity of the staff but also on the level of “expenditure” in terms of funding. Therefore, companies will reduce the burden of finding a reliable full-service accounting service provider at a reasonable cost.

1.1 Benefits of hiring accounting services at Viet My

With a team of professional staff, Viet My’s accounting staff are professionally trained to provide tenants with the most accurate information and the highest quality of service. To ensure that Viet My Accounting Services always provides the most accurate service quality, we train our staff. Fees for using Viet My’s services are reasonable.

Viet My’s target audience is to support many different customers, from large domestic enterprises to small and medium enterprises and business individuals. The most competitive fees in the accounting market in Vietnam and the US.

Viet My Services provides diverse services such as: Accounting and tax services, financial reporting services, tax declaration services, reporting services. taxes, tax refund services, monthly invoice-document collection, salary calculation and preparation, social insurance, health insurance, unemployment insurance calculation and payment, data entry into accounting software maths.

1.2 Viet My’s commitment to accounting services

With more than 10 years of experience in the industry, Viet My understands that the most important issue in providing accounting services is timeliness and responsibility to customers.

Therefore, in all contracts, Viet My always commits to customers as follows:

• Responsible for fully and promptly performing the following tasks: arranging and classifying documents. We prepare and provide all types of accounting books including detailed operational books, general books, etc. based on current accounting regulations and standards.
• Prepare records and documents as required by competent authorities when providing services.
• Responsible for all documents, records, financial and accounting reports prepared by Viet My on the basis of data and documents provided by customers (valid invoices and documents according to the provisions of law). within the scope prescribed by law);
• Responsible for explaining tax accounting documents when requested by Viet My state agencies for accounting data.
  In case a customer is fined by a state agency due to errors in records and documents prepared by Viet My, the customer must bear the entire fine.
• Every month or every quarter, Viet My specialists will directly go to the customer’s address to collect documents. Therefore, customers do not have to waste travel time or express delivery costs.
• Viet My will share your email address with the tax authority so you can proactively receive tax declaration information and issues directly from the tax authority.
• You are responsible for maintaining the confidentiality of your client’s accounting information even after your service agreement is terminated.

2. How are accounting services understood?

Accounting services are accounting services entrusted by another unit. This service handles all tenants’ accounting matters with seriousness and precision, from tax returns to finances to annual accounts.

3. Main services that Viet My provides

Tax accounting services

• Check your business license
• Prepare initial tax documents
• Excise
• Application release announcement
• Consulting on creating invoices and building internal control systems
• Monthly/quarterly tax reports, quarterly accounting (including auditing)
• Pay taxes properly (if any)
• Print books for the company to keep annually and submit to relevant state agencies
• If there is a tax inspection, please submit a tax return

Accounting services

• Prepare financial reports;
• Do bookkeeping

Statistics agency

• Submit statistical reports
• Submit year-end financial reports

4. Service content that Viet My will provide

• Receipt of documents and documents from the customer company regarding the provision of services according to accounting and tax regulations. Create payment reports: process payment notices, invoice usage, payment damages and other procedures related to payment risks/damages.
• Prepare tax declarations and tax reports: Prepare value-added tax declarations, corporate income tax, corporate tax and other applicable taxes such as contractor tax and consumption tax. Specifically, declaration 01/GTGT ​​or 04/GTGT. 02/KK-TNCN; 05/KK-TNCN; 03/TNDN with appendix. VAT is reported monthly or quarterly. PIT is reported to occur monthly or quarterly. CIT is only implemented at the end of each financial year.
• Enter your accounting records to ensure that the invoices and receipts you receive match your tax return.
• Create annual accounts based on accounting results.
• If there are any questions or issues related to the above content, we will respond in writing, negotiate, clarify or work directly with the tax authority.
• Create and implement procedures for issuing additional invoices, registering assets, jobs and salaries;
• Coordinate with the Department of Statistics to prepare statistical reports according to regulations;
• Even for companies with employees, tax accounting related to salaries and insurance cannot be handled, so we support union insurance procedures for companies.

5. Note when using accounting services at Viet My

Companies using general accounting services need to be clearly identified in the list of tasks that the service provider must perform on their behalf. List as detailed as possible. This can be done in the following order:

• Notice of invoice issuance;
• Submit VAT declaration;
• Declare personal income tax report.
• Report on invoice usage.
• Explanation/response to tax authorities when incidents/transactions occur.
• Record accounting books and print tax accounting books for tax accountants.
• Financial statements
• Consulting – Drafting all tax accounting documents (including relevant legal regulations) – Completion.
• Prepare year-end tax reports.
• Clarifying tax audit data. This clause may include additional fees in addition to the contract fee. Depending on the type of service contract that the company requires, the contract should be suitable at two levels: ‘replacement’ or ‘consideration consulting’ but must ensure that all of the above are met.
• The service provider must ensure and be responsible for ensuring that at least 95% of the deduction amount is recorded and reported in the final tax settlement report. text, documents. Tenants should only provide copies of documents and records, not originals.
• It must clearly state which party is responsible for submitting tax declarations/reports and is responsible for maintaining and controlling the validity of digital signatures.
• Require Service Providers to promptly report via email monthly/quarterly on the following: VAT is still deductible or payable. Total revenue/taxable income. Total costs are creditable, qualified and reasonable. Projected CIT value for the current term and solutions for the next term.
• Is there a prior agreement that the device comes with an accounting software package, and if so, is the accounting software copyright transferred to the company at the end of the contract? Will the data be transferred to allow the company to continue with tax accounting or to hire another service provider?

6. Frequently asked questions about accounting services

6.1 Do customers have to buy accounting software?

Viet My’s full tax accounting service has done all the work related to accounting and taxes for businesses, so you do not need to buy accounting software.

6.2 Does the company that accepts as Viet My accountant accept as a service in the province?

Viet My is currently providing the most service support for businesses in Ho Chi Minh City, Hanoi… In addition, we have more than 63 branches nationwide so Viet My does not miss any customers. .

6.3 Does the company perform any other services besides accounting services?

Viet My aims to build a comprehensive ecosystem for businesses, from business start-up to operational support. Specifically, company establishment business, investment license business, trademark registration business, various sub-licenses, scientific accounting system design consulting business, M&A consulting business, business liquidation business, etc.

6.4 Does Viet My change the accountant in charge of the client?

During the contract implementation period, Viet My does not change the person responsible for professional accounting of the business.
Except for professional force majeure cases such as: Changing jobs, terminating labor contracts at Viet My Accounting

6.5 In addition to the tax accounting service fee in the contract, are there any other fees?

The accounting service fee at Viet My in the contract is a package fee, Viet My commits not to incur any other fees.

Above is all the information about the practical benefits of accounting services. However, deciding whether to use accounting services or not still depends on the business’s decision. If your company is considering hiring tax accounting services or “full tax reporting services”, VIET MY LAW AND ACCOUNTING is the address you should refer to. We will contact you shortly to discuss further details. Thanks a lot!