Services
Outsourced Accounting & Tax services
Efficient – Thorough – Reliable
Service and product description
With this service, we act as the client’s accounting and tax department, executing and managing all accounting and tax-related activities to ensure full compliance with Vietnamese legal regulations. Our outsourced accounting and tax services include bookkeeping, tax filing and finalization, chief accountant services, preparation of financial statements, and audit support for financial statements.
Service deliverables include financial statements tailored to client requirements, official tax reports (including tax returns, corporate income tax (CIT) reports, value-added tax (VAT) reports, personal income tax (PIT) reports, foreign contractor tax (FCT) reports, etc.), fully analyzed and recorded accounting documents, along with detailed guidance on accounting and tax procedures.
Our objective is to help businesses maintain accuracy and timeliness in accounting and tax operations, minimize legal risks, optimize tax costs, and ultimately allow businesses to focus on their core activities and enhance financial efficiency.
Context for utilizing our services
Small and Medium-sized Enterprises (SMEs): SMEs with limited resources to maintain an in-house accounting and tax department can outsource this service to save costs and ensure compliance with current tax and accounting regulations. This allows businesses to focus on core operations while experts handle accounting and tax tasks efficiently and accurately.
Large Enterprises or Multinational Companies: These businesses may require a flexible, optimized accounting and tax solution that fully complies with both domestic and international tax regulations. Outsourcing helps reduce operating costs while minimizing risks related to errors in financial reporting and tax declarations.
Newly Established Companies or Startups: Often lacking sufficient staff to build an internal accounting and tax function, startups can outsource these services to ensure legal compliance from the outset, while building a solid financial foundation as the business grows.
Businesses Seeking to Optimize Costs and Save Time: By outsourcing, businesses reduce personnel and management costs while ensuring that financial statements and tax reports are handled accurately and on time. This enables companies to focus on growth strategies without worrying about accounting and tax matters.
Service process
Step 1: Survey and Current State Assessment
- Conduct a survey and gather information about the business, including size, industry, financial structure, and specific accounting and tax reporting requirements.
- Identify the types of taxes the business needs to declare and the complexity of its tax transactions.
- Based on the survey results, propose a service scope aligned with the company’s actual situation.
- Provide clear explanations regarding the service scope, requirements, and deliverables.
Step 2: Setting Up the Accounting and Tax System
- Establish the accounting information system, accounting software, accounts, and detailed ledgers.
- Register the accounting system, fiscal year, reporting templates, and document storage procedures.
- Set up tax-related procedures and processes.
Step 3: Document Analysis and Recording
- Analyze documents received from the client and enter data into the accounting system.
- Review and analyze transactions to determine appropriate tax obligations, inform clients of arising issues, and propose solutions.
Step 4: Accounting Entries and Cost/Tax Allocation
- At the end of each month, perform cost allocations, estimate taxes, calculate inventory costs, and determine the cost of goods sold.
- Assist clients in issuing invoices (if applicable).
- Perform tax allocations (if applicable) for taxes arising during the period.
Step 5: Preparation and Submission of Financial and Tax Reports
- At the end of each month, prepare and submit financial and tax reports to the client as required, covering accounting, tax, and key financial indicators.
- Provide detailed explanations of report items upon client request.
- Submit tax reports to tax authorities and other reports as required by regulatory bodies.
- Support clients in responding to tax authorities regarding tax declaration matters.
Step 6: Year-End Financial Reporting
- At fiscal year-end, prepare statutory financial statements and internal reports for client approval.
- If authorized, submit financial statements to independent auditors and tax authorities.
- Provide related reports to regulatory bodies and tax filing departments.
Timeline for service delivery
The timeline for delivering outsourced accounting and tax services is continuous and operates according to the client’s usage needs. It depends on the specific scope of work.
As this is an ongoing service, we will maintain continuous and flexible support, adjusting processes according to the client’s requirements from bookkeeping, tax declaration, and reporting to data security and periodic updates. The execution and maintenance timeline will be tailored to client cooperation and the frequency of required changes or updates.
Quotation process and service fees
To prepare and send you a tailored quotation, we kindly request that you provide relevant information via our form and/or through an in-depth discussion. Based on the information collected, we will analyze your needs and specific requirements in order to:
- Assess the feasibility of service delivery: Determine whether we can provide the requested service appropriately and at a guaranteed quality level.
- Advise on optimal solutions: Recommend alternative solutions (if any) to help optimize efficiency and cost-effectiveness for your organization.
If we are able to support you, we will propose a reasonable fee based on:
- An estimated workload of the engagement;
- The level of professional expertise required from our team.
Estimated response time: The quotation process will be completed within 12 to 24 hours upon receiving your request.
Frequently asked questions
1. Does this service ensure data confidentiality?
Yes, we are fully committed to maintaining the absolute confidentiality of your financial and tax information, in compliance with data protection regulations.
2. Do I need an in-house accountant if I use this service?
No, we will fully replace your internal accounting and tax function, so you do not need to maintain separate accounting staff.
3. Who is responsible if there are errors in the financial reports?
We are committed to providing accurate and timely services; if any errors occur due to our fault, we will take responsibility for correcting them and covering any related costs.
4. Will this service keep me updated on the latest tax policy changes?
Absolutely, we continuously monitor tax policy updates and will keep you informed to ensure full compliance with legal requirements.
5. How can I ensure my tax reports are always submitted on time?
We track deadlines and submit tax reports within the regulatory timeframes, while notifying you ahead of each tax filing period.
6. Does the service assist with tax authority inquiries or audits?
Yes, we will support you in responding to tax authority inquiries, providing all necessary documents and explanations as required.
7. Can my business use the outsourced accounting and tax service for short-term projects?
Yes, our service can be applied to short-term projects, offering reasonable fees and a flexible scope of work tailored to your needs.
Client and partner profiles
We aspire to collaborate with clients and partners who are committed to:
Kindness
Being ethical towards clients, employees, and partners through honesty, transparency, and respect for the legitimate interests of all parties.
Legal Compliance
Adhering to all relevant business regulations, including licensing, accounting, taxation, mandatory insurance, labor, goods, and environmental requirements.
Sustainable Development
Balancing profitability with the long-term interests of the community. Building a brand founded on trust and respect from clients and society.
Brand commitment
Crowe Vietnam is committed to building and delivering on its brand personality, with the goal of fostering trust and providing an exceptional experience throughout our journey with clients and partners.
High professional quality at a reasonable cost
Crowe Vietnam is committed to delivering high quality solutions and services at reasonable costs, ensuring an exceptional client experience. We consistently strive for differentiation and continuously enhance the professional capabilities of our team to best meet the evolving needs of our clients.
Professionalism
All our work is carried out meticulously and professionally, both in form and content. We maintain clear and detailed processes and guidelines to ensure efficient organization and execution. Work quality is always our top priority, strictly adhering to professional standards and best practices, while upholding the highest level of professional ethics.
Integrity and Kindness
Consistency between words and actions is a core principle at Crowe Vietnam. We are committed to delivering exactly what we declare or promise to our clients, partners, employees, and stakeholders. We uphold strong business ethics and always prioritize the common good, never compromising our commitments or harming others’ interests for personal gain.
Compliance
We are firmly committed to strict compliance with the law, and we absolutely refrain from any unlawful or fraudulent activities. We implement stringent and effective control measures to prevent and deter any misconduct, ensuring transparent operations and adherence to ethical standards.
Efficiency
We place a strong emphasis on efficiency and optimization in all our operations, aiming to achieve objectives using the most appropriate methods, timelines, and resources. We continuously improve our service delivery processes and actively apply technology including digitalization, artificial intelligence, and big data to enhance operational efficiency and deliver an exceptional client experience.
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Seminars
With the aim of delivering exceptional services to our clients, Crowe Vietnam regularly organizes in-person seminars and online webinars featuring insights from our experienced professionals and esteemed guest speakers.
Note: The seminar schedule below is subject to change.
Overview of Crowe Vietnam
Why choose us for this service?
Choosing the right service partner is a key factor in ensuring both effectiveness and peace of mind. Here’s why Crowe Vietnam is the trusted choice for you.
Crowe Vietnam, a reputable member of Crowe Global, a top 10 global network in audit, accounting, and advisory services, delivers outsourced accounting and tax services in accordance with international standards, offering clients assurance in quality and transparency.
We have a team of highly experienced accounting and tax professionals, holding prestigious certifications such as CPA, CTA, ACCA, and ICAEW. Our experts stay up to date with the latest accounting and tax regulations in both Vietnam and internationally, ensuring absolute accuracy in bookkeeping, financial reporting, and tax filing.
Crowe Vietnam provides clearly structured, professional, and flexible accounting and tax service processes tailored to each client’s needs. We help businesses save time, reduce administrative burdens, and focus on core operations.
We are committed to strict confidentiality, employing rigorous data management measures that comply with international security standards, ensuring that clients’ financial and accounting information remains safe and secure.
Empowered by the Crowe Global network, Crowe Vietnam delivers seamless and comprehensive support to effectively meet the accounting and tax requirements of multinational companies operating in Vietnam and worldwide.
Crowe Vietnam offers outsourced accounting and tax services at competitive and transparent fees, helping businesses optimize operating costs while maintaining the highest service quality standards.
Senior Personnel
