International Financial Reporting
Standards Update
In the past, due to differing and/or incomplete accounting standards, investors had a hard...
Selected Topics
from the 2005 Tax Reform Act
With a view to establishing a "desirable ...
Special Tax Reduction
Special tax reduction system, introduced to ...
Local Inhabitant Taxes for Seasonal workers
Employees who left their previous employer ...
Deductibility of National Pension and Health Insurance
Payments
In the past, it was unnecessary to provide ...
Suspension of the NOL Carry-Back Provision
As a general rule, NOL carry-back benefit ...
Reserve for Bad Debt
The special rule that increased the ...
Non-resident Taxation Reform
Transfer of Real Estate Stocks
The transfer of stocks, which the assets ...
Taxation on Enterprise Transferal Resemblance
The transfer of stocks through a kumiai by ...
Withholding
Distributions of profit from business ...
Per Capita Tax
1. Applicable Entities: Any corporations with ...
Allocation Basis for Multi-Prefecture Corporations
1. Applicable Entities: Any operating ...
"Foreign Related Person" for transfer
pricing purposes and Tax Schedule 17-3
Effective April 2005, the scope of who is ...
Human Investment tax credit (3 years-temporary
tax law)
A new tax credit was introduced to ...
Selected Topics
from the Commercial Code Amendment
Although the non-issuance of stock and ...
1. Corporate Law
2. Stock Corporations and Limited Liability Corporations
3. Combining Joint Corporations, Partnerships, and Joint Name Corporations
4. Reduction or Abolishment of the Minimum Capital Requirement
Limited Liability Partnership
The Limited Liability Partnerships (LLP) ...
1. The Characteristics of an LLP:
(1) Introduction of Limited Liability
LLP members are liable to the extent ...
(2) Flexible Mobility
Like a General Partnership, an LLP can ...
(3) Flexible allocation of profits and losses
Regardless of the amount of the capital ...
(4) Pass-Through Taxation
Because profits from an LLP are allocated ...
2. Utilization of LLPs:
LLPs are beneficial when there is a ...
Childcare
Social Insurance (April 2005)
1. Insured individuals shall be exempt from ...
2. If salary is changed after the childcare ...
3. During the childcare leave for a child ...
4. Per the special rulefs notification, the ...
5. The rate of lump-sum amount under ...
Employment Insurance (April 2005)
1. Childcare Leave
Due to a day-care center's unavoidable ...
2. Nursing Leave
When an insured individual takes the ...
Introduction of Staffing Services
We have been providing foreign companies with specialized outsourcing services
in accounting, internal auditing, payroll, and Japanese taxation. Recently,
in order to satisfy market demands on experienced accounting professionals,
we have been operating a staff agency service since
February 1, 2003. We have successfully obtained an employment agency
license with the Ministry of Labor as of today and expect to start services
soon. As we gradually buildup our database, we can introduce
not only highly experienced accountants, but also those who are licensed
as Japanese Certified Public Accountants, US Certified Public Accountants,
Certified Internal Auditors, and other similar professionals. As a result,
we will be able to provide our clients with a wide range of solutions@of
outsourcing, project staffing and permanent placements.
