SERVICE ADVANTAGES
- Extensive expertise and diverse experience
- Comprehensive and customized approach
- Integration of technology in the workflow
Up&Beyond provides professional services that not only review but also complete your accounting records, ensuring accuracy, compliance, and efficiency in financial management.
Accounting Services Provided for Sole Proprietorships
Depending on the type and scale of your business, we will advise you on the appropriate services for your specific needs:
1. Tax Consulting and Registration
- Business Registration Consultation: Support for sole proprietorships in registering their business, obtaining a tax code, and handling related legal procedures.
- Tax Policy Consultation: Advice on the taxes applicable to sole proprietorships, current tax policies, and tax calculation methods.
2. Consulting of Software Solutions to support for Business
- Software tailored to the business sector of the proprietorship
- Accounting software
- Invoice software
- Digital signature software for taxes, insurance, and electronic contracts
3. Bookkeeping and Record Management
- Bookkeeping Setup: Establish and maintain accounting records according to Circular 88/2021/TT-BTC for sole proprietorships and individual businesses.
- Record Keeping and Updates: Accurately record daily business transactions and update accounting information.
4. Tax Reporting and Finalization
- Periodic Tax Reporting: Prepare and submit periodic tax reports (VAT, personal income tax, corporate income tax) as required by the tax authorities.
- Tax Finalization: Conduct annual tax finalization.
5. Data Checking and Reconciliation
- Accounting Record Review: Verify the legality and accuracy of accounting data, identifying and correcting errors promptly.
- Reconciliation with Banks and Tax Authorities: Reconcile accounting data with bank statements and submitted tax reports to ensure accuracy.
6. Financial Consulting and Revenue/Expense Management
- Financial Management Consultation: Assist sole proprietorships in financial planning, cash flow management, and cost control.
- Revenue and Profit Analysis: Analyze revenue and profit trends, proposing measures to improve business performance.
7. Tax Inspection and Audit Support
- Tax Inspection Support: Assist in preparing documents and materials when tax authorities conduct inspections.
- Accounting Data Explanation: Provide explanations of accounting data and tax reports when requested by the tax authorities.
8. Training and Accounting Guidance
- Internal Accounting Training: Provide training and guidance in accounting practices for the internal staff of sole proprietorships.
- Accounting Software Training: Support in installing and training on the use of accounting software suitable for the scale and industry of the business.
Benefits of Using Up&Beyond’s Services
- Ensures accuracy and transparency in financial management
- Minimizes tax and legal risks
- Enhances management efficiency and business decision-making
- Saves time and resources for the business
- Strengthens credibility with partners, investors, and regulatory authorities
Dedicated support
Our experts provide consulting support on accounting and tax issues through convenient means for you: email, chatbox, phone, online meeting, and in-person, promptly and timely to meet your needs.
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