Professional accounting service in Japan
There are a variety of professional fields such as tax accountant, social insurance and labor consultant as well as administrative scrivener, and thereby people must go to tax accountant office for tax, labor consulting office for social insurance and administrative scrivener for application of authorization. However, these fields are related in many aspects, and if they can be handled at one accounting office, it is convenient and comprehensive.
Starting a business in Japan will require certain professional accounting service Japan companies alone can offer. Not that the accounting principles in Japan are any different from the international standards but because of the language barrier which could make filling up legal forms impossible. At least with dependable accounting service Japan firms accustomed to working with international clients, you won’t have to experience delays or foul-ups. Most important aside from language issue is being able to find a company that can see you as separate and distinct from all other companies. In short, look for an accounting firm that sees customization as part of the job and not as an add-on service.
Accounting services for foreign companies in Japan is very important for international business. This is especially for America because Japan is the fourth largest export market of the US. Japan has also invested $230 billion in America making it the second largest investor of America next to the United Kingdom. At present, Japan Is the world’s second largest economy, with a Gross Domestic Product of around $5 trillion last 2009. This is why many foreign countries do business in Japan, making accounting services very important.
For a new business in Japan, you will need the following accounting services:
- Tax Advisory
- Business Start-up
- IPO Support
- Financial Consulting
- Payroll
- Social Insurance
- General Accounting like bookkeeping, month and year-end review reports, balance sheets and FS
- Employment Consultation including Pension and Health registration
- Loan processing and handling.