Accounting and Taxation Service
Accuracy and meeting the standards of accounting practice are not only required by law but also being useful in terms of business assessment, increasing business capacity, as well as being a significant key for strategic planning and effective management. We can offer you our full range of services, completing your accounting and taxation tasks and playing a supportive role in your business’s growth.
- Accurately handling bookkeeping by using the Department of Revenue-certified accounting program
- Monthly recording of trading transactions including purchase journal, sales journal, cash received journal, cash payment journal, petty cash journal and general ledger
- Preparing financial statement on a monthly, quarterly or annually basis as per requirement
- Ensuring all supporting documents are correct according to the standard of accounting
- Offering advisory services of proper accounting practice and tax benefits
Monthly Submissions
- Withholding Income Tax Return for;
- Regular income; Salary (P.N.D.1)
- General income of an individual (P.N.D.3)
- Corporate income (P.N.D.53)
- Withholding Tax and Profit Remittance Return (P.N.D.54)
- Records of monthly purchase & sales tax
- Value Added Tax Return under the Revenue Code (P.P.30 & P.P.36)
- Specific Business Tax Return under the Revenue Code (P.T.40)
Annual Submissions
- Annual summary of the withholding personal income tax returns (P.N.D 1 Kor)
- Income Tax Return for companies or limited partnerships (P.N.D. 51)
- Personal Income Tax Return Half Year (P.N.D. 94)
- Personal Income Tax Return for taxpayer with income not only from employment (P.N.D.90 & P.N.D.91)
- Income tax Return for companies or limited partnerships (P.N.D.50) including submission of the annual financial statement to the Department of Revenue
- Financial statement and SorBorChor.3 to the Department of Business Development
- Alcohol and Tobacco Tax to the Excise Department
- Board and Sign Tax (Advertisement Tax) and Rental Income Tax to the local administration office
- Employer and employee registration to SSO
- Submission of a list of resigned and newly employed workers (within 15 days)
- Submission of monthly contributions (S.P.S 10)
- Annually submission of Workmen’s Compensation Fund (Kor Tor 20)
- Calculation of Withholding income tax return, SSO contribution and Provident fund (if any)
- Summary report of payroll record
- Preparing carbon payroll slip
- Submission of tax and SSO
- Preparation of trial balance and financial statement
- Categorisation of important items for accounting entry as the followings
- Inventory
- Property and equipment
- Account payable and account receivable
- Liabilities and other current liabilities
- Liabilities and other assets
- Costing details
- Details of selling expenses or monetary cost
- Accounting system & structure planning
- Accounting and tax training
- Accounting practice control
- Tax planning
- Financial statement and investment analysis
- Accounting & tax solutions
