Tax & Finance Service

Creating strategies that enable clients to manage and meet tax obligations while enhancing their financial performance

Finance Accounting

Finance accounting is fundamental to understanding the up-to-the-minute status of your operations around the world. All processes must comply with local requirements as well as your expectations as an international business.

TSM provides Accounting, Bookkeeping, Payroll, Auditing and Tax Compliance services and outsourcing to small and medium sized businesses. Whether it is recording of your books from scratch, updating your books periodically, or maintaining them full-time, we provide you personalized and professional accounting services with experienced professional. TSM offers monthly or yearly Accounting, Payroll and bookkeeping including Financial Reporting services.

Depending on the industry, company and preference, we can work with customized accounting applications and web based bookkeeping and accounting software depending on the financial data given to us by clients.

Our finance accounting services typically include:Bookkeeping
  • Income Statement (Profit & Loss)
  • Feasibility Study
  • Accounting System Setup
  • Bank Reconciliation
  • Controllership
  • Account maintenance
  • Asset management
  • Financial reporting
  • Financial Statements
  • Account payable
  • Accounts receivable
  • interface with invoicing and cash management

Payroll

A key element in starting a new venture overseas is getting your first people on the ground. That means you need to pay attention early on to getting them paid on time and in full. What can be a simple, straightforward process in your home country, can involve major logistics problems abroad.

As advisors specializing in foreign direct investment, we know what it takes to accomplish such seemingly simple steps. We take them seriously, whether we handle the payroll for your first person in site or for 1,000 people. Payroll for us is part of a true people management service.

Our payroll services typically include:
  • setting up and operating payroll
  • producing and issuing payslips
  • returns and compliance reports
  • calculating and paying social security contributions and withholding tax, and other contributions at local, regional and national levels
  • capturing and reviewing travel expenses
  • calculating commission fees and other variables
  • payment processing
  • Time & attendance
  • Preparation of bank transmittal report

Cash Management

In international businesses, cash management demands a safe, reliable partner. TSM business process outsourcing services often include:
  • cross-checking invoices, mailing invoices
  • monitoring accounts receivable
  • preparing dunning letters
  • monitoring due dates and cash discount dates for accounts payable
  • payment processing
  • preparing and reviewing cash-flow statements

Tax Compliances

Efficient business processes must include a watertight system for meeting all your regulatory obligations in each local jurisdiction. This applies particularly to declaring and paying taxes, social security and other contributions, as well as to timely filing documents with public registers, and maintaining books and registers for local businesses.

Our compliance services regularly include:
  • General Tax Consulting
  • Individual Income Tax Planning
  • Foreign Nationals & Expatriation
  • Corporate Taxation
  • International Taxation
  • Claims for Refund
  • preparing or reviewing local annual accounts
  • fiscal agency arrangements
  • preparing periodic tax returns, corporate income tax, VAT/GST returns and filings

© 2017 TSM Consulting Group. All Rights Reserved