ENTERPRISE TAX ACCOUNTING PROCESS - SOME FREQUENTLY ASKED QUESTIONS ABOUT TAX ACCOUNTING

-
Submit:

To carry out enterprise tax accounting effectively, without errors, the accounting department needs to follow a certain process. What is process for tax accounting? Let's find out with OTIS LAWYERS in the article below about this issue.

Enterprise tax accounting process

The current general enterprise tax accounting process is basically done according to the following steps:

Step 1: Solve all accounting transactions arising in the enterprise

Step 2: Make accounting vouchers

Step 3: Record bookkeeping

Step 4: Carry out accounting work at the end of the monthly, quarterly and annual period

Step 5: Make a balance sheet of books, expenses and incurred data

Step 6: Prepare financial statements and make tax finalization

  Above are some of our advice on tax accounting. Hopefully, the article will be a useful reference to help you gain basic knowledge about tax accounting.

Some frequently asked questions about tax accounting and tax declaration in enterprises

Quarterly, if the company does not generate anything, does it have to file a VAT return?

For value-added tax declaration: Enterprises that do not generate input and output invoices will still have to submit a value-added tax (VAT) declaration by the deadline for tax declaration and payment.

Is it necessary for the company without revenue and expenses to submit year-end financial statements?

Enterprises note that even though the company has no business activities, it still has to prepare and submit year-end financial statements for the year of operation.

What is the minimum qualification as a tax accountant?

Companies and enterprises often require a college degree for the tax accountant position because this position needs to be trained for a while.

How to limit risks when doing tax accounting?

It is recommended to use support software from reputable suppliers to limit errors and optimize the management of invoices and documents.

Enterprise tax accounting services of OTIS LAWYERS

Complete tax accounting service

We provide our clients with a package of tax accounting services, including:

  1. Surveying the status of accounting records, vouchers and data
  2. Receiving and handing over documents, documents and data
  3. Sorting and analyzing the status of documents – documents
  4. Preliminary check of data status at the beginning of the period
  5. Information to clients about problems with records, documents, data
  6. Work plan and handling options with the consent of clients
  7. Data entry on accounting software
  8. Accounting operations, preliminary data balance
  9. Checking the status of VAT declaration and invoice receipt
  10. Dialogue with enterprises on data
  11. Preparing a set of annual financial statements (balance sheet, income statement, cash flow table, financial statement footnotes)
  12. Making corporate income tax finalization reports, personal income tax finalization
  13. Additional declaration of VAT, report on the use of invoices (if any)
  14. Printing accounting voucher system
  15. Establishing a system of annual bookkeeping according to regulations
  16. Storage of books, vouchers, accounting records according to regulations
  17. Protect data explanation with tax authorities
  18. Calculation of monthly salary and procedures for social insurance for new employees (if any)

OTIS LAWYERS - a reputable and professional provider of tax accounting service 

The bookkeeping and accounting system shall be optimized when you come to OTIS LAWYER. With a team of experienced and highly specialized accountants in tax, we guarantee to help enterprises carry out the procedures in accordance with regulations, saving time and costs. Please contact OTIS LAWYER immediately for support, consulting and answers to issues related to enterprise tax accounting as well as company establishment procedures.

OTIS AND PARTNERS LAW FIRM

Office address: K28 - Group K, Lane 68 Trung Kinh, Yen Hoa Ward, Cau Giay District, Hanoi

Email: [email protected]

Hotline: 0987748111

Comments