Accounting Asia Professional Services

Transfer Pricing

Successful corporations are increasingly embracing outsourcing strategies for their ancillary functions: The goal – to improve flexibility, efficiency, and transparency in their global operations. Accounting Asia provides a uniquely broad yet comprehensive range of professional services to multinational companies to facilitate these aims and enable clients to focus resources on their core competencies.

Accounting Asia comprises a cosmopolitan team of highly qualified professionals from a range of disciplines, including law, accountancy, finance, and business. We leverage extensive internal resources across the region and experience gleaned in senior management of Big Four firms and household-name multinationals to provide fully customized and scalable services executed in strict adherence to best practices. Our value to clients is enhanced by our augmentation of outsourcing functions with expert, intuitive advisory services. Our integration of intimate local knowledge with a global perspective differentiates us from traditional outsourcing organizations.

Accounting Asia facilitates every stage of our clients’ Asian operations from the establishment of local entities to ongoing consultation, encompassing the entire spectrum of the accounting and compliance cycle. By merging our support capabilities with proactive advisory services, we empower clients to effectively structure, streamline, and control their operations, improve transparency, and enhance strategic decisions.

Starting a Business

A corporation`s ability to effectively transition global strategy to efficient and effective local implementation is intrinsic to success in the global forum. Accounting Asia provides a broad spectrum of services to facilitate this activity.

Accounting Asia can provide the following establishment services:

Structuring Advisory

Inefficiencies in the initial structuring of a new entity may hamper operations, inhibit growth and negatively impact profitability going forward. Accounting Asia offers professional advisory services regarding tax structuring and transfer pricing, and provides intuitive guidance regarding the type of local entity best suited to achieve the client’s goals. Our advice with respect to each clients business model, global and local strategies, company culture and priorities, is rationalized with factors unique to every locale such as taxation and labor regulations, business culture and common practice.

Establishment of local operations

Our support includes legal registration of the local entity, registered address services, and initial tax filings, as well as relevant filings with social and labor insurance agencies. We can also provide Representative Directorships ( also known as Independant Directorships ) to enable the client to optimize structural benefits and internal control in the new entity, and minimize risk.

Human Resources

Locating, attracting, retaining, and supporting the right people are pivotal elements in any global strategy. Accounting Asia provides consultation regarding the many issues relating to this valuable, yet vulnerable resource. Expert advisory is offered regarding contractual issues and employment regulations, provision and structuring of benefits, visa and immigration-related issues. We can also assist with ongoing HR requirements such as recruitment, induction, contracts and agreements, disciplinary actions, and termination.

Localization

Transfer to a foreign posting can be a traumatic experience. Our localization services allow detached employees to seamlessly integrate into their new life in Asia. Based on extensive experience and local knowledge, we facilitate the identification and acquisition of short or long term furnished living and working space for expatriates, to ensure smooth transition to the new locale.

Ongoing Accounting, Payroll

Guided by ex-Big 4 Senior managers, staff with decades of hands-on experience provide fully customized and scalable services, executed in strict adherence to best practices. We leverage an intimate understanding of both local tax and labor laws, and the international agreements which relate to them, in order to optimally structure payments. Our total-solution services also include expense, invoice, and bank account management as well as monthly and annual reporting. By encompassing the entire spectrum of the accounting and compliance cycle, we empower clients to effectively structure, streamline, and control their operations.

Corporate Tax

Multinational companies must address issues of taxation from a global perspective. Accounting Asia attends to the full scope of a company’s taxation requirements within and across national borders.

A variety of issues inherent to cross-border transactions require the integration of business solutions and advanced taxation analytics. Accounting Asia has the expertise to seamlessly provide tax efficient structuring while effectively meeting the client organization’s business objectives. Whether a company has an established global presence or is expanding beyond national borders for the first time, Accounting Asia is equipped to handle any tax issues that may arise in international business.

Accounting Asia corporate tax services include:

  • Initial Tax Reports
  • Corporate Income Tax Returns
  • VAT Returns
  • Employment Tax Advice
  • Cross-Border Finance Tax Advice
  • Global Indirect Tax Advice
  • International Trade and Customs Advice
  • Transfer Pricing Assistance

Individual Tax

Individual tax-related matters can be problematic even within an individual`s home jurisdiction. As the trend towards globalization of operations inevitably demands mobility of human resources, both within the organization and across the world, these issues can be exacerbated. Addressing the implications of payment structuring and jurisdictional impact on employees’ liabilities is therefore essential to minimize cost and maximize employee satisfaction.

Accounting Asia`s Individual Tax specialists have accrued decades of experience in analyzing liabilities and opportunities inherent to each jurisdiction across the region. We leverage this expertise to provide advisory, planning, and compliance services tailored to the unique situation of each individual. These customized services optimize compensation received against the cost to the employer, simplify corporate oversight, and ensure seamless, compliant transition as the individual`s position and location changes.

We approach individual tax-related issues as core, rather than peripheral, to our clients’ success, and address factors such as residency classification, home leave, documentation, and effective compensation structuring to streamline business administration and maximize the efficiency of expenditure.

Accounting Asia can provide the following individual tax services:

  • Design and implementation of tax effective remuneration packages
  • Equity-based compensation
  • Management of inbound and outbound assignees
  • Dual contract or split pay arrangements or time apportionment filing basis
  • Procedural manuals
  • Assistance in preparation and filing of amended tax returns, including review of the late payment interest, tax underpayment penalty, and late filing penalty assessment

Outsourcing

Implemented effectively, outsourcing of financial and legal functions can enable corporations to maintain flexibility, control and transparency across their organization without detracting resources from their core competencies

Accounting Asia fields experts from a broad range of disciplines with unmatched professional qualifications and a global perspective. The use of state-of-the-art CRM and accounting systems facilitates our ability to seamlessly coordinate on a regional basis the integrated support provided to clients from key locations throughout Asia. Our services are enhanced by extensive experience in operating within the unique regulatory environments of the many jurisdictions across the region.

Accounting Asia’s outsourcing services include:

Opportunity Assessment

Many professional services can be outsourced to maximize efficiency within a business. Our team wields a broad spectrum of expertise to identify and implement the services that allow us to best assist client corporations.

Accounting and financial management

A global enterprise demands transparent and scalable accounting and financial management throughout the organization. Regulatory institutions such as International Financial Reporting Standards (IFRS) and Sarbanes-Oxley have increased the pressure for faultless control, compliance, and oversight of these activities. Accounting Asia provides world-class support guided by ex-Big 4 Senior managers and implemented by staff with decades of hands-on international and local experience.

Our fully customized and scalable services are executed in strict adherence to global best practices. We leverage an intimate understanding of both local tax and labor laws, and the international agreements which relate to them. Our total-solution services include:

  • Corporate Tax Compliance
  • Accounting/ Bookkeeping & Reporting
  • Payroll Services
  • Social & Labor Insurance Administration
  • Bank Account Management, Invoice & Expense Payments
  • Expat Tax Services

Through our use of cutting edge IT solutions, our broad network across the region can provide clients with efficient and seamlessly coordinated support. Accounting Asia’s team of experts tracks and analyzes implications of regulatory changes both locally and globally, to ensure optimal structuring and compliance. By encompassing the entire spectrum of the accounting and compliance cycle, we empower clients to effectively structure, streamline, and control their operations.

HR functions

Management of human capital related issues can act to either foster and catalyze, or inhibit and hinder the growth of the enterprise. Accounting Asia employs expertise from a range of disciplines to address the myriad of multi-faceted issues that relate to this core function.

We support clients through every stage of their HR needs: from initial employment strategy to retirement and termination, including the multitude of legal and managerial issues in between. Throughout, we leverage our expertise in law, accountancy, local and global customs, and best practice, and hands-on experience in company management. Throughout, we maintain an awareness of the client’s individual corporate culture and goals.
Our support includes:

  • Location and contracting of employees
  • Compensation and contracting advisory
  • Immigration and visa
  • Relocation support
  • Individual tax
  • Social and labor insurance
  • Retirement and termination advisory

Accounting Asia also offers training seminars on a range of HR-related topics.

Transaction

Expert transactional support is essential to effective engagement in Asian markets. When business opportunities arise in a new location, factors unique to that arena may determine the success of the deal: Providing integrated services ranging from due diligence and valuation to litigation support, Accounting Asia helps clients to mitigate the risks of transacting in diverse and evolving markets. We employ a team experienced in the intricacies of each jurisdiction across the region, and an intimate understanding of the global context in which business is enacted.

Accounting Asia’s transaction support services include:

Acquisition and Vendor Due Diligence

multi-jurisdictional due diligence mitigates unexpected problems that can emerge from transactions. Our diverse team is comprised of professionals with a unique skillset for analyzing these issues.

Litigation Support

Expert financial advice is often required on an ongoing basis as circumstances rapidly change over the course of the litigation process. Our team provides support and advisory including analytics, evidentiary documentation of financial fact, and expert financial testimony to effectively resolve litigation.

Corporate Finance

Issues of financing are pivotal to the successful closure and profitability of any transaction. Accounting Asia advises borrowers, lenders, buyers, and sellers on the financing of various transaction types, including equity and debt capital raising, buyouts, acquisitions, and divestitures.

Mergers and Acquisitions

Despite the global economic downturn, opportunities for successful expansion across Asia remain abundant. We leverage expertise earned through hands-on experience in industry leadership in addition to extensive financial, accounting, and legal resources to assist in every facet of M&A, from the identification of potential targets to evaluation, negotiation and transaction.

Business Restructuring

Any business, whether new or established, may potentially increase efficiency through restructuring. We assist with analyzing the profitability and potential of various sectors of the business, providing asset and business valuations, and determining the proper form of restructuring.

Transactional Tax Services

Businesses operate within the context of relevant tax regulations and tax considerations before, during, and after transactions are enacted. We provide tax advisory during all phases of transactions to ensure compliance and best practices throughout business operations.

Immigration

Accounting Asia’s immigration team comprises lawyers, human resource professionals, and consultants with extensive immigration expertise. We provide comprehensive support to clients seeking to smoothly transition assignees to new roles and geographic locations with optimal efficiency, and minimal disruption to the individual or their role in the organization.

Accounting Asia’s services extend beyond the scope of both traditional immigration and professional services firms. Our immigration office, in addition to handling visa and relocation related issues, is closely linked with our tax professionals. This creates a full understanding of the impact of immigration status on an expatriates’ tax position. We also offer educational seminars and consultation programs to clarify and eliminate problems that can accompany foreign assignments. We are proud to provide a single-source solution for the detachment of foreign workers.

Accounting Asia can provide the following immigration services:

  • Visa services
  • Extensions of permission to stay in the host location
  • Police/local authority registration
  • Consultancy regarding immigration compliance, regulations, processes, and best practice
  • Determination of the appropriate visa required for non-standard matters
  • Advice and compliance regarding short-term business visitors, and integrated tax and social security advice
  • Proactive updates regarding immigration developments, regulatory and process changes
  • Formulation/review of corporate immigration policy
  • Training sessions to promote awareness of immigration-related issues to human resource staff
  • Strategic immigration planning