Accounting & Tax

Accounting and Tax Services

 

The Japanese system is complex and often revised. The help from a reliable specialist is absolutely essential in order to succeed in business in Japan.

Our certified tax accountants assist you to overcome any challenges.

We offer assistance to both enterprise and sole proprietor.

 

Contents of Services

• Prepare tax returns
  We prepare and file the following:
  Corporate income tax return (Corporation)
  Consumption tax return
  Depreciable assets tax return
• Bookkeeping service
  We look after your bills and receipts, and make their entry into the accounting software.
• Payroll processing
  We calculate monthly payrolls and prepare pay slips.
• Prepare statutory report for total payments and salary payment report
  We prepare and file statutory report for total payments and salary payment report due in January every year.
• Prepare notifications for social insurance and labor insurance
  We prepare necessary notifications to pension office, Hello Work, and Labor Standards Inspection Office when premiums in social insurance and labor insurance are revised each fiscal year, or an employee joins/leaves the company.
• Support implementation of accounting software
  We help you implement an accounting software and review the entry if clients wish to make entry and process payroll themselves.
• Consulting
  We offer consultation and advices on tax related matters and business planning.

Annual Schedule (example)

Upon the establishment of a company, the necessary task is shown in the annual schedule below. It is time-consuming to carry out all the process on your own. We can handle all the tasks on your behalf.

 

(Example) Kabushiki Kaisha, established on April 1st with book closing in March.

	Accounting・Tax	Social insurance・Labor insurance
First Year of Establishment
Apr	File notification of company incorporation and other forms to tax office Bookkeeping・payroll process	Procedure for starting social insurance coverage Procedure for starting labor insurance coverage
May	Bookkeeping・payroll process
Jun	Shareholders’ meeting and decide director’s compensation Bookkeeping・payroll process	Prepare Jun. bonus payment notification
Jul	Pay income tax withheld between Apr. to Jun. Bookkeeping・payroll process	File notification of employee’s base salary Annual revision of labor insurance・First term payment
Aug	Bookkeeping・payroll process
Sep	Bookkeeping・payroll process
Oct	Bookkeeping・payroll process	Premium rate change in employee’s pension insurance Second term payment for labor insurance
Nov	Bookkeeping・payroll process
Dec	Year-end tax adjustment Bookkeeping・payroll process	Prepare Dec. bonus payment notification
Jan	File depreciable assets tax return File statutory report for total payments File salary payment report Pay income tax withheld between Jul. to Dec. Bookkeeping・payroll process	Third term payment for labor insurance
Feb	Bookkeeping・payroll process
Mar	Bookkeeping・payroll process
Second Year of Establishment
Apr	Bookkeeping・payroll process	Premium rate change in employee’s health insurance
May	Corporate income tax return and settlement Consumption tax return Bookkeeping・payroll process
Jun	Shareholders’ meeting and decide director’s compensation Bookkeeping・payroll process	File Jun. bonus payment notification

Moreover, additional procedure is required for social insurance and labor insurance in the cases outlined below.

 

• Hire a new employee
• An employee leaves the company
• Pay bonus
• Change in base salary

 

Fees

In accounting and tax services, we give the estimate after consultation since the business scale and nature are different for each client.
The sample fees for a start-up company with one employee and its fiscal year will end in the month from April to September are as follows.

Case of Company – Services provider (e.g. Consulting service)

(before tax)

Contents of Services	Fees
Base fees/Bookkeeping*	From ¥30,000 per month
Payroll calculation	From ¥5,000 per month
Prepare statutory report for total payments, salary payment report, and payment record	From ¥35,000 per year
Prepare depreciable assets tax return	From ¥15,000 per year
Prepare corporate income tax return, consumption tax return, and financial statement	From ¥300,000 per year

【Example of annual fees】

1. Base fees/Bookkeeping ¥30,000×12 months = ¥360,000
2. Payroll calculation　¥5,000×12 months = ¥60,000
3. Prepare statutory report for total payments, salary payment report, and payment record　¥35,000
4. Prepare depreciable assets tax return ¥15,000
5. Prepare corporate income tax return, consumption tax return, and financial statement　¥300,000
6. Total (1.+2.+3.+4.+5.)　＝　¥770,000

*Base fees include answering routine tax questions and filing initial tax registration documents after incorporation

Case of Company- Distributor(e.g. retailer, whole seller, and restaurant)

(before tax)

Contents of Services	Fees
Base fees/Bookkeeping*	From ¥40,000 per month
Payroll calculation	From ¥5,000 per month
Prepare statutory report for total payments, salary payment report, and payment record	From ¥35,000 per year
Prepare depreciable assets tax return	From ¥25,000 per year
Prepare corporate income tax return, consumption tax return, and financial statement	From ¥300,000 per year

【Sample fee】

1. Base fees/Bookkeeping ¥40,000×12 months = ¥480,000
2. Payroll calculation　¥5,000×12 months = ¥60,000
3. Prepare statutory report for total payments, salary payment report, and payment record　¥35,000
4. Prepare depreciable assets tax return ¥25,000
5. Prepare individual income tax return, consumption tax return, and financial statement　¥300,000
6. Total (1.+2.+3.+4.+5.)　= ¥900,000

**Base fees include answering routine tax questions and filing initial tax registration documents after incorporation