For businesses, hiring a full accounting service can help them manage and control finances professionally while optimizing costs and improving business efficiency. By hiring highly qualified experts in tax reporting and accounting services, businesses can receive comprehensive advice and support on legal issues related to tax and accounting, thereby Minimize risks, reduce costs and avoid errors in business operations.

1. What are accounting services?

Accounting services are the provision of financial management services to a business or community. This includes financial reporting, taxes and expense management. Using professional accounting services helps businesses focus on core business activities and optimize finances for success.

1.1 Regulations on conditions for practicing accounting services

Register to establish an accounting service company.

The auditor or auditors appointed by the Ministry of Finance must be at least 2 people, of which the head of the company must be a person with an accounting or auditing certificate for 2 years or more.

1.2 Accounting services performed

• Do accounting;
• Working as chief accountant;
• Create an accounting system for the accounting unit;
• Providing and consulting on implementing information technology in accounting;
• Improve accounting skills, update accounting information;
• Finance support;
• Tax refund;
• Other accounting services as prescribed by law.

2. Content of comprehensive accounting services at Viet My

a. Jobs for newly established businesses

Immediately after the founding of the company, administrative and commercial tasks were added. Businesses should quickly complete the following initial tax calculation steps:

• Buy digital signatures to declare tax returns.
• Open a bank account to trade and pay taxes.
• Create an electronic tax declaration account for administration on the website of the General Department of Taxation.
• Prepare and submit tax returns.
• Create an electronic tax payment service account on the website of the General Department of Taxation. Then contact the bank (where the account is opened) to confirm completion of the electronic tax payment service.
• Declare and submit license fee declaration
• Declare and pay license fees based on the registered charter capital

We carry out all the above mentioned work fully and according to standards just for our customers so that they are ready for business.

b. Accounting service work is done monthly and quarterly in Viet My

Every month, Viet My will have an accounting specialist work directly with customers on the following issues:

• Receive and check documents prepared by the company during the month.
• Consulting on the reasonableness, validity, and legality of documents, invoices, and arising accounting operations.
• Consulting and supporting company cost optimization.
• Prepare monthly and quarterly VAT reports.
• Prepare quarterly corporate income tax provisional reports (if any).
• Prepare income tax declaration (monthly/quarterly) (if any).
• Prepare and send quarterly invoice usage reports (if required).
• Recording, accounting and reporting to tax authorities.
• Consulting on salary and social insurance payments according to regulations.
• Instructions for recording and storing accounting data and creating accounting forms.
• Work according to the requirements of tax authorities.
• Answer questions about taxes, accounting, discuss and advise businesses on content and activities related to performance results.

c. Tax accounting services work must be done annually in Viet My

• Create an annual report.
• Prepare annual corporate tax finalization report.
• Prepare personal income tax reports
• Create and send various statistical reports.

3. Experience in choosing accounting services should not be overlooked

Accounting services are becoming increasingly popular and chosen by many companies/businesses. However, not everyone has experience in choosing a service provider. Because there are many entities involved in this type of business, it has caused many concerns for business leaders. Below are the criteria so you can evaluate and make the most suitable choice:

a. Choose a service provider that has been in business for a long time

Normally, any unit with a long operating history also has a lot of experience handling work. As such, it is the main criterion on which many companies make their comparisons. Accounting service companies with a long history of establishment and development have a more stable way of operating. The professionalism and expertise of the staff will also be further strengthened.

b. The accounting unit must have a clear price list

Clarity about service prices is also always a criterion. If your business is looking for an accounting service provider, look for places that have separate price lists for each segment. This not only saves negotiation time between the parties but also serves as a basis for comparing your unit’s budget.

c. Meet mandatory requirements of the accounting field

An accounting service unit that meets the industry’s specific requirements is an address that you can trust. Therefore, data security, accuracy, transparency and clarity of data are the most important factors for engagement.

d. See reviews from previous customers

Due to the popularity of this type of service, it will not be difficult for you to find related information on websites or social networks. It is an optimization tool that allows you to filter the most suitable service providers.

Take the time to read reviews from past customers. In addition, consulting and listening to the shares of friends and colleagues who have used the service is also an opportunity to get the most objective comparisons.

4. Why should businesses use full accounting services at Viet My?

Hiring a full accounting service not only helps ensure the business’s financial situation is accurately represented but also helps save costs. In addition, this type of service also brings many other benefits that are beneficial to businesses.

4.1 Businesses should use full accounting services

Accounting services are a form of service chosen by many companies to handle accounting-related tasks. Companies that should use this type of service to handle accounting and tax reporting tasks are:

• The newly established company does not yet have personnel and a stable accounting system, so it needs support such as legal documents and tax authority procedures. If you are a small business with a small number of invoices and documents and a light monthly workload, it is not necessary to hire an accountant every day.
• Companies sometimes encounter complex problems that require highly specialized people to solve. The company needs to reset the company’s accounting system. At the same time, outstanding debt issues are resolved scientifically, accounting issues are resolved and reported to the company, new regulations are updated and improved, and the accounting team works in the company. Company is professionally trained.
• Businesses require accurate and cost-effective tax accounting. Suitable for small and medium enterprises.

4.2 Benefits of using full accounting services at Viet My

Do your accounting job right

All units providing parcel accounting services are professional, high-quality establishments. For small businesses, hiring high-paying accountants and experienced staff is impractical. However, it is not safe for companies to hire new employees to do accounting work. Therefore, choosing a comprehensive after-sales service is the best solution.

Helps you save a lot of money

For smaller businesses with less capital and less scale, there is no need to hire an on-site resident accountant. The number of accountant jobs is small, but companies have to pay a certain salary and invest in working equipment that affects the company’s finances. But with accounting services, you only pay one monthly fee. This cost is cheaper than hiring a permanent accountant. This saves companies significant costs.

Warning against financial risks

The accounting department monitors and manages the company’s financial situation with a high level of expertise. This helps predict and anticipate risks that will occur, thereby finding solutions.

5. Frequently asked questions about full accounting services

5.1 Why should businesses use Viet My’s full accounting services?

Using Viet My’s full accounting service will help you save costs and avoid accounting and tax errors.

5.2 Is it necessary to make a commitment contract when using tax reporting and accounting services?

Viet My always commits by contract to ensure customers’ rights and clearly define our responsibilities.

5.3 What documents need to be provided when using Viet My’s home accounting service?

Customers only need to provide Viet My’s accountants with the business’s output and input invoices.

5.4 What are the benefits of hiring Viet My’s full accounting services?

Hiring Viet My’s full accounting services helps businesses save time and costs, increase business efficiency and ensure compliance with legal regulations related to tax and accounting.

5.5 Who are the leading accounting service companies?

In Vietnam’s growing business market, companies are increasingly focusing on optimizing costs and improving operational efficiency. That’s why accounting services are more important than ever. However, finding a reputable professional accounting services firm can be difficult. Viet My is currently proud to be a leading accounting service provider.

Our full accounting service gives you peace of mind and maximizes your monthly tax payments. If you have questions and need advice and information support about accounting and tax reporting services. VIET MY LAW AND ACCOUNTING is the leading accounting service company in Vietnam meeting all needs from small to large scale, customers can feel absolutely secure and confident.