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ACCOUNTING PACKAGES

At Image, we offer flexible accounting packages adapted to specific requirements of our clients. The costs are dependent on the size and nature of the client's company, the volume of monthly transactions to be recorded per month. All accounting packages include:

  • Interview management and accounting staff in order to understand client's current accounting system and documentation flow

  • Free introductory accounting training

  • Dedicated accountant and account manager

  • Extensive support and advisory

  • Monthly review and reporting for bookkeeping

  • Reminders for important deadlines

  • Securely stored information

Standard monthly accounting packages

Start ups

Best suited for entrepreneurs and lean start ups

  • Tax filings and management

  • Social Fund (4 employees)

SMEs

Best suited for newly established businesses with small teams

  • Tax filings and management

  • Bookkeeping

  • Payroll

  • Social Fund (10 employees)

Enterprises

Best suited for larger businesses that want to outsource their accounting

  • Tax filings and management

  • Bookkeeping

  • Payroll

  • Cash management

  • Issuance of documents

  • Social Fund ( 25 employees)

Monthly Accounting Services

  • Tax filings and management

Monthly Corporate Withholding Tax Returns (PND 1, PND 3, PND 53, PND 54):

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  • Filing employment income, dividends, interests, royalties, and technical service fees

  • Preparation of Corporate Withholding Tax returns form

  • Handling payment with revenue department within the 7th of following month

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Monthly Value Added Tax returns (VAT) (Por Por 30):

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  • The calculation of the VAT debits and credits that will have to be done on a monthly basis

  • Preparation of Value Added Tax (VAT) returns form

  • Handling payment with revenue department within the 15th of following month

  • Maintenance of monthly VAT input and output records

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Social fund registration and return (Sor Por Sor 1-10)

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  • Social contributions on the employees' salaries have to be paid each month

  • Company Annual Fund contributions need to be submitted at the end of each year

  • Handling payment to the Social Fund Office by the 25th of following month

  • Bookkeeping

Production of monthly financial statements:

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  • Profit and Loss Statement listing revenue and detailing expenses

  • Balance Sheet showing assets and liabilities

  • Trial balance

  • General ledger

  • Bank reconciliation

                                                                                        Quickbooks

We use the following accounting software:                       

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  • Payroll

  • Payroll calculation of withholding income tax, social fund contributions, deductions and allowances, and other benefits

  • Creation of monthly carbon pay slips

  • Payroll report to submit to the bank

  • Cash Management

  • Settle and receive payments from client's suppliers or customers

  • The payment is released upon your approval

  • Cash report is presented

  • Easier, faster, and safer

  • Issuance of documents

Issuance o​f accounting and financial documents related to the company:

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  • Invoice/tax invoice

  • Withholding tax certificate

  • Payment voucher

Annual Auditing and Reporting Services

  • Annual Corporate Tax return

      (Annual Audit, PND 50)​

​Annual Corporate Tax return must be filed within 150 days of the closing of the accounting period. 

  • Preparation and filing of Summary Financial Report from (SBC 3)

  • Summary of Annual Salary (PND 1 Kor)

  • Workmen's compensation

  • Corporate Income Tax Returns (PND 50)

  • Personal Income Tax return ​

      (PND 90, 91, 94)​

Taxpayers are obligated to file Personal Income Tax return and make a payment to the revenue Department by the last day of March following the taxable year. Any withholding tax which ahs been paid to the Revenue Department can be used as a credit against the tax liability at the end of the year.

  • Half-Year Corporate Earnings Assessment (PND 51)​

The Half-Year Corporate Earning Assessment report must be filed within 60 days of the end of the half year period. The taxable income is calculated as half of the estimated profit for the full year.

  • Annual Withholding Tax Returns for Wages to Employees (PND 1 Kor)

The Annual Withholding Tax returns for wages to employee summarizes the details of employment, wage payments and tax withholdings for the entire year. This form must be reported to the Revenue Department within February of the following year.

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