Service plan example proposed for a foreign affiliated firm
The following table summarizes an example of service plans for a foreign affiliated firm in Japan. Depending on organizational structure and human resources, a parent company can customize necessary functions, which have to be outsourced from Fukai CPA Office.
| Services | Details | |
| General | Incorporation support service |
■Certification of Articles of incorporation ■Corporate registration |
| Business plan development |
■Support for building business plan for internal use ■Support for building business plan for a loan from banks ■Support for building business plan for equity finance |
|
| M&A advisory service | ■Support for building mergers and acquisitions plan in Japan | |
| Support for finance in negotiation process with banks |
■Support for building cash-flow forecast ■Attending meetings with banks |
|
| Accounting and Tax | Accounting software setup | ■Install accounting software and train staffs |
| Bookkeeping | ■Provide bookkeeping function | |
| Monthly review |
■Review general ledger ■Analysis on fluctuations and other significant issues ■OJT training for staffs ■On-site visit |
|
| Annual review |
■Preparation of annual report ■Support for building breakdowns of accounts |
|
| Consultation on accounting and tax issues |
■Consultation on accounting and tax issues ■Advice on tax planning |
|
| Income tax return | ■Preparation of income tax returns | |
| Consumption tax return | ■Preparation of consumption tax return | |
| Depreciable assets tax return | ■Preparation of depreciable assets tax return | |
| Payroll and social insurance | Payroll calculation |
■Calculation on payroll ■Calculation on withholding income tax |
| Year-end tax adjustment | ■Preparation of Year-end tax adjustment | |
| Social insurance calculation | ■Calculation on social insurance | |
| Options | Monthly report to the parent company |
■Translation of monthly report in English ■Translation of monthly review in English |
| Annual report to the parent company |
■Transaltion of annual report in English ■Translation of breakdowns of accounts in English |
|
| Support for corporate governance |
■Reconciliation book and bank account ■Advice for working capital management ■Advice for inventory management ■Communication with the parent in accounting and tax |
|
| Controller function | ■Take a roll of controller function |