Accounting, Bookkeeping and Payroll Services in Myanmar

Why Does a Business Need Accounting, Bookkeeping and Payroll Services?

As an entrant in the business environment, it is convenient to defer accounting work, but by ignoring it in the short or long term, a company runs the risk of quality control mishaps in financial accounting, possibly leading to monetary exigencies. Well-organized accounting services ensure that your business runs more efficiently on a daily basis. Accounting could encompass the tax management of a company as well, hence assumes prime importance. Payroll services are required in a company for the smooth functioning of matters relating directly to human resources.

Our Offerings

We offer the following services:

  • Preparing monthly, quarterly and annual accounting reports
  • Prepare accounts in accordance with Myanmar Financial Reporting Standards
  • Managing accounting entries, compiling general ledger report, trial balance, profit and loss statement, balance sheet and cash flow statement for statutory reporting and financial analysis
  • Preparing year-end draft financial statements including statement of comprehensive income, statement of changes in equity, statement of financial position and notes to the accounts, in accordance with Myanmar Financial Reporting Standards
  • Bank reconciliation
  • Helping in statutory reporting processesand liaison with auditors
  • Filling forms required for submission to government agencies
  • Computing gross to net salary for employees, and maintaining payroll files for them
  • Providing payroll reports for monthly and annual management review
  • Computing corporate, commercial and personal taxes
  • Preparing and filing corporate tax returns including tax calculation with tax authorities
  • Submitting Form 17A and Form 31
  • Attending and replying to tax queries raised by the Internal Revenue Department (IRD)
  • Advising on double taxation agreements andwithholding tax issues
  • Preparing and filing withholding tax returns including claims for double taxation relief

Who We Are

Business Setup Worldwide is a platform to help you set up your firm. Right from incorporation, registration and licensing to establishing your office space, we facilitate the setting up of your business through counselling and incubation.

Business-specific customized service, comprehensive capability across varied industries, proactive and continuous learning in the global business market, and the ability to foster a company’s business objectives, providing comprehensive support in executing its strategies, distinguish Business Setup Worldwide, and provide you the competitive edge in ensuring that your business grows from strength to strength.

Business Setup Worldwide's proprietary business design techniques, in addition to its specialized industry knowledge and global reach, enable our clients to anticipate changes in customer preferences and the competitive environment, designing their businesses and improving operations in concurrencewiththe market changes.

Why Us?

At BusinessSetup Worldwide, we want that you focus on growing your business and profitability, while we tend to any and all support functions. We are diligent in our accounting, bookkeeping, payroll, business consulting and tax advisory services, so that you don’t have to worry aboutthese. As a business evolves, maintaining financial records and handling a growing employee workforce can get cumbrous in an overseas country. Our experts are there for youto help you with handling company finances and the requiredformalities.

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