QCIC’s team of accounting experts work with clients to ensure they are compliant with statutory reporting and internal reporting requirements in Japan and globally as necessary.

We work with our clients to ensure their reporting follows best practice and we offer practical advice to ensure companies are doing as expected locally, whilst retaining compliance with global or regional policies.

Depending on client’s needs we issue financial reports monthly, quarterly or yearly and where required on an ad-hoc basis. We are able to support international companies doing business in Japan with their reporting requirements in Japanese to government authorities or publishing these items on a Japanese website.

For small companies that cannot afford to have a dedicated finance unit, we help management track and review company’s profitability position. This management reports comprising cash flow, P/L and others as agreed by both parties, provide management with important financial data to help them make timely economic decisions about the company.

Without financial reporting and management reports, companies don’t have the information to create business plans or corporate strategies. Let QCIC help you with these vital statistics and reports to keep your business in sound financial condition.

Our standard practice is to keep books to meet foreign GAAP regulations, as this ensures a smooth consolidation of the results of the Japan subsidiary with subsidiaries elsewhere. At the end of the client company’s fiscal year, we make the necessary adjustments to convert the statements in foreign GAAP to JPN GAAP, for the preparation and filing of the annual tax return.

As Japanese accounting and auditing systems are essentially consistent with the globally recognized systems of US and IFRS, staying consistent is easily achieved with the help of our experienced team.

Once we understand your company set of accounts templates, with our experienced and professional local team, we are able to advise and ensure best practice for your subsidiary here in Japan.

For more information on our global GAAP accounting capabilities we would be happy to discuss specific enquires you may have.

QCIC provides comprehensive cash management and treasury services for international companies and Regional offices in Japan. Our services enable our clients accounting team to reduce risk and utilize their funds efficiently in Japan using their globally defined governance policies. QCIC ensures timely reporting of payables and receivables per Client’s defined standards and procedures. Where required, our payment services team can handle your actual bank processing of AP and AR under your controls and approvals as all of these services are generally only offered in Japanese.

We work with our clients to ensure their levels of cash or equivalents for their entity in Japan is sound and obligations can be met on time.

From ensuring the best rates for operating cash to ensuring accounts receivables are tracked and received in a timely manner to ensuring payables are processed as directed by HQ, we become an extension of the global Treasury Team and ensure strict controls on cash management.

For SME’s we work closely with management to ensure cashflow planning is embedded into management processes and operations.

Often, we work with management to present budget estimates for loan applications to government related fund sources as well as visiting banks to present and explain company financial data as companies run short of funds as they grow or as receivables are delayed.

We understand cashflow management for startups and are happy to work with clients to ensure they have the funds necessary to grow.

Contact us if you are in need of funds and we will help you develop a plan to raise cash for your business.

QCIC provides comprehensive tax support for both corporate and individual tax filings. Our processes are designed to comply with local statutory requirements regarding annual tax filings.

At the end of the client company’s fiscal year, we prepare all the documents required for tax filing and ensure local and overseas management sign off and understand the tax documents.

In Japan year-end taxes for corporates are required to be filed within two months after fiscal year-end.

As there are a number of other important tax filings to be done through the year, we make sure at the beginning of the year you are aware of these to ensure timely filing.

In Japan, individual tax filing is done by the company where the employee works provided certain requirements pertaining to income levels are met.  Regular employees who exceed the income threshold required for company to file on their behalf and certain categories of people such as non- regular employees, Independent contractors, sole proprietors, etc., must file individual tax by themselves by the middle of March each year.

In the latter case, we can assist to make the correct claims and provide the correct documentation to ensure individual tax compliance.

Filing taxes in Japan is done entirely in Japanese and our team and tax partners are expert in guiding you through the process.

We also encourage you to visit the Japanese government’s tax website for explanations of taxes in Japanese. Please note there are limited translations of their documents into English on the site.