Many people would likely say, "I know the answer to that! Isn't the main service of an agency bookkeeping company to handle bookkeeping and tax reporting?"
One, Reasons for Company Accounting and Tax Reporting
All companies are required to establish accounting books within 15 days of obtaining the business license, as per relevant legal regulations.
Whether or not there's business, an accountant must be hired to accurately keep the books, and then file monthly tax returns with the tax authority based on the ledger. This is a necessary task.
Reason Two for the Company's Accounting and Tax Reporting
1. Tax requirements
The company must first keep accounts before filing tax returns, and then submit financial statements to the tax authority to proceed with the tax declaration.
2. License Annual Renewal Required
The annual audit requires the submission of the company's annual report to the bureau, which also necessitates the provision of the company's financial information.
3. Company Development Needs
A company's development typically boils down to three scenarios: growing larger, dissolution, or transfer. In any of these cases, the tax authority conducts periodic audits of the company's financial records and requires that the company's tax affairs be in order. If not, not only transferring or changing the status, but even dissolution becomes impossible.

So, when seeking a formal agent for bookkeeping and tax reporting, be mindful of the following common issues:
1. Insufficient promotional efforts for the "Accounting Law" regarding agency bookkeeping and tax reporting have led to many small economic organizations, particularly individual businesses and entrepreneurs, having little knowledge, inadequate understanding, and insufficient recognition of "agency bookkeeping and tax reporting."
2. The measures for "agent bookkeeping and tax declaration" are not very effective. Currently, there are mainly two issues for small economic organizations that should entrust agents for bookkeeping and tax declaration and individual businesses that should establish accounts. First, the phenomenon of not establishing accounts when they should is very common. Second, many "trusted agents for bookkeeping" lack legality. This not only disrupts the seriousness of the law but also easily leads to many other issues.
3. In the legal relationship of agency accounting and tax reporting, the issue of the principal's legal status has never been fully resolved, and there is a great deal of controversy in practice.
4. The potential of agency accounting services has not been fully realized. While the number of agency accounting and tax reporting institutions is on the rise, the overall scale is generally small, and the scope of agency services is narrow. There are few institutions that truly provide accounting services such as entrusted entity accounting, tax planning, tax declaration, internal auditing, business and tax registration annual inspection, and financial and tax consultation.
5. There is irregularity in the establishment of agencies for proxy accounting and tax reporting. These agencies must have more than three full-time staff members holding accounting qualifications, and the person in charge of the proxy accounting and tax reporting business must possess a technical title of accountant or higher. However, in actual practice, a significant portion of such agencies do not comply with this regulation.
6. There is chaos in the internal management of proxy accounting and tax reporting agencies. In actual practice, many agencies lack standardized procedures and inadequate internal management systems are widespread. Some agencies even have internal management systems in place but they are merely a facade. Therefore, it is extremely important to choose a reliable proxy accounting company. Chuangmin Enterprise Management is a commendable choice, with strict company order and a proven track record of solving clients' problems.
7. The quality of practice for agencies engaged in agent accounting and tax reporting is not optimistic. There are still many irregularities in accounting calculations, with some failing to base their calculations on the accrual basis. It is also quite common for these agencies to not calculate the legal and public welfare funds as required by the "Company Law" for the companies they represent. The annual financial and accounting reports compiled by agents only include basic accounting statements, without providing the supplementary notes as required by the regulations.
8. There is chaos in the charging standards for agency bookkeeping and tax reporting services. The fees vary greatly among different agencies, with some engaging in malicious competition. Additionally, some agencies do not have standardized accounting of their own operating income, and income concealment is relatively common.

Accounting and tax services consist of five aspects: 1. Establishing new accounts, 2. Acting as an agent for accounting, 3. Sorting out chaotic accounts, 4. Converting manual accounts to electronic, and 5. Acting as an agent and providing consulting services for import/export accounting. Guided by the "Accounting Law," we establish standard accounting books for businesses across various industries and build a sound financial management system. Our agent accounting service handles accounting tasks such as preparing various financial statements, handling tax declarations, binding accounting vouchers, and picking up and delivering accounting documents. In accordance with modern corporate accounting standards, we re-regulate and adjust your financial issues and books, meeting the needs of tax audits. Converting manual accounts to electronic involves: transforming clients' manual accounts into software-based accounts, providing basic financial knowledge training to clients based on their cashier's实际情况, training on document scanning and coding for clients' cashiers, and offering client-specific financial software to meet the daily account viewing needs. In line with modern corporate accounting systems, we offer agency services and consulting for import/export accounting.

Service Process for Agency Accounting:
(1) Sign the "Agency Accounting Consultancy Agreement," clearly defining the rights and obligations of both parties, and specifically outlining service items, service duration, and service fees, etc.
(2) Based on the company's situation, provide preliminary accounting processing; for new companies, the accounting agency will assign a dedicated person to visit the client company to understand its status, and assist in establishing standardized systems, setting up company books, and other accounting setup tasks. For established companies, the agency will thoroughly grasp the company's past accounting practices to better handle the handover of accounts and organize disorganized or old accounts.
(3) Conduct original and voucher handover; during the operation, a series of vouchers are generated, which are the prerequisite and foundation for the company's accounting treatment. Therefore, within the specified time each month, the company's cashier must hand over the vouchers to the agency accounting company on time, or request the agency accounting office's field accountant to collect the tickets.
(4) Accounting processing, preparation of financial and tax reports; After completing the preliminary accounting processing tasks mentioned above, the agency accountant will prepare accounting vouchers based on the approved documents and vouchers, then use software to complete the accounting for the company, and automatically generate tax reports to prepare for the company's tax declaration.
(5) Tax filings: Currently, most agencies that handle accounting for businesses are filing taxes online. For some technically advanced accounting agencies, they have also introduced a "one-click tax filing" feature to ensure taxes are transferred quickly and within the designated time frame.
(6) After the accounting and tax reporting are completed, Sheldon will also timely arrange for a dedicated accountant to provide the client with relevant documents such as financial statements and tax returns, and inform the client of tax and financial policies, notifications, etc.
The above provides a brief introduction and explanation of the Shelton agency accounting service process. In real life, when small and medium-sized enterprises seek to entrust their accounting to an agency, it is necessary to have a thorough understanding and grasp of the aforementioned process to better coordinate with the agency's staff in handling work and to maintain the financial and tax security of the enterprise.
Selection matters, platform-level services make it simple
Don't be blinded by the eyes, choose an agency for company registration.
We only provide services.