Cost hr block prepare taxes

Tax inspection has put considerable pressure on business owners as the tax environment becomes more complicated and challenging. With the aim to support businesses to tackle the tax audit issues, on June 14, RSM Vietnam held the webinar RSM Tax Inspection 2022 to assist enterprises in successfully managing tax inspections. The webinar successfully attracted more than 150 participants from different companies. According to Le Khanh Lam, head of Tax & Consulting Services at RSM Vietnam, the COVID-19 pandemic had certain impacts on the number of tax adjustments and tax inspections in the first four months of 2022. The tax adjustments resulting from tax audits have declined as compared to the same period in 2021. Meanwhile, only 15 per cent of tax inspections have been completed according to the year’s plan. He added that due to the low number of tax audits in early 2022, the tax authorities would be likely to increase inspection in the second half of this year. Therefore, … [Read more...] about What businesses should prepare for the tax inspection

Strong in attack and solid in defence, Hà Nội FC Nguyễn Thành Chung (centre) is a key part of Hà Nôi's squad. Photo sport5.vn HÀ NỘI — After the departure of number one star Nguyễn Quang Hải, Hà Nội FC coach Chun Jae-ho is keen on keeping his remaining key players for the V.League 1 that will return this Sunday. Defender Nguyễn Thành Chung is top of the list, particularly as his contract expires in September 2022. Rumours have been circulating that Hải Phòng wants to sign the 24-year-old, leading to calls from Chun to offer Chung a new contract as soon as possible. “I hope Hà Nội will keep Thành Chung at all cost,” Chun said. “Chung is a really good player. On the training ground, I see him as the best centre-back in Việt Nam at the moment. “Quang Hải was a very important player for us before he left, but Hà Nội still has many other quality players. “Without Hải, we still stick to our gameplay which is to attack and control the match rapidly. In addition, I will also … [Read more...] about Hà Nội FC manager urges club to keep Chung at all costs

"If we do not operate regularly, we will lose our slots at bus stations, but the more we operate, the more we lose because of surging costs," Do Van Bang, CEO of Sao Viet’s parent company, Minh Thanh Phat, said. Sao Viet has reducing the number of trips to cut costs. Bang said the only way to break even is to increase fares by 15-20 percent, but with competition being intense, the time is not right for it. But the company would not be able to absorb the losses for long, he added. The company is one of many to lose due to the 39 percent rise in fuel prices since the beginning of this year. Nguyen Manh Hung, CEO of transport firm International Logistics, said fuel accounts for 40 percent of costs, and so the increases in their prices has affected the company. It is not easy to negotiate price hikes with customers, he said. "We are trying to cut all other expenses to survive the fuel price surge." Half of all fishing vessels in Vietnam have stopped going out to sea … [Read more...] about Industries hit hard by rising fuel prices

The Hanoi housewife of four years knows however they will not be as fresh as earlier in the day. "Since the prices of everything have gone up, I have to change my shopping habits and doing so helps me able to buy produce at lower prices," the 28-year-old says. She and her husband, Tinh, had their first son more than a year ago before having a pair of twins. Tinh is the sole breadwinner and he had to stay at home for three months when Covid-19 broke out last year. "We even had to sell our gold wedding rings to stay afloat," she says. After Covid subsided he reopened his store distributing beverages, but barely makes a profit since gasoline prices have been soaring since April. Besides, many of his customers have greatly reduced their purchases. Some grocery stores only order a few five-liter bottles of water, but he still must travel dozens of kilometers by truck to deliver them. "If you do not keep prices low, customers will leave," he explained once to his wife when she … [Read more...] about Vietnamese turn frugal as prices soar

Three parties signed a strategic cooperation agreement On May 13, C.P. Vietnam announced at its head office in Bien Hoa that it has kick-started its digital transformation journey with SAP SuccessFactors solutions. The move will help the company enhance its HR capabilities and leverage real-time analytics for better business decisions and capabilities. C.P. Vietnam expects not only to reduce costs and drive greater operational efficiency but also to deliver an enhanced employee experience consistent with its mobile-first, cloud-first philosophy that attracts and retains talent, fosters employee engagement, and drives improved business outcomes. The company is a foreign direct investment enterprise that operates in the closed agro and food industry. Established in 1993, it has steadily grown to become Vietnam’s leading food conglomerate, covering both livestock and aquaculture businesses. The company’s food products not only meet the needs of the domestic market but are also … [Read more...] about C.P. Vietnam’s digital transformation with SAP SuccessFactors

There has been increasing pressure on refineries to increase production as petrol prices continued to spike in recent months, according to Bùi Ngọc Dương, director-general of Bình Sơn Refining and Petrochemical JSC (BSR), which runs one of the country's largest refineries, the Dung Quất Refinery. The Dung Quat Refinery in central Quảng Ngãi Province. VNA/VNS Photo Đăng Lâm The refinery accounted for over 30 per cent of Vietnam's petrol demand since the beginning of the year. Dương said the refinery had been running at 109-112 per cent capacity during April and May to meet market demand. It's very unlikely that the refinery can ramp up production capacity any further from now until the end of the year due to safety concerns. According to the Ministry of Industry and Trade, the country's demand for petrol products in the second quarter of 2022 was estimated at 5.2 million cubic metres and 20.6 million cubic metres for the entire year. Rising … [Read more...] about Policy changes needed for refineries to keep high capacity

Customers at Vietcombank (VCB) branch in the Central Highlands province of Kon Tum. The total operating income of 27 listed banks in the first quarter of 2022 increased by 8.2 per cent compared to the previous quarter.-VNA/VNS Photo In the past three months, banking shares witnessed sharp declines and were among the most negatively impacted on the stock market. Most banking stocks decreased by over 30 per cent and there was no single bank seeing positive growth. The decline was attributed to stricter control of credit flows, increasing bad debts mainly caused by real estate businesses, corporate bond inspection at banks and inflationary pressure which have affected investor sentiment. However, after a series of deep declines, many banking stocks are rebounding strongly in recent sessions. This brings hope to many investors in this industry group. In a newly released report, FiinGroup said that the total operating income of 27 listed banks in the first quarter of 2022 … [Read more...] about Banking shares plummet to attractive prices

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

Wood products to be exported to the EU. — VNA/VNS Photo HÀ NỘI — Việt Nam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a Government official familiar with the sector. Bùi Chính Nghĩa, deputy general director of the Vietnam Administration of Forestry, reported the new developments at a June 17 workshop held by the administration, the Vietnam Timber and Forest Product Association, and the Association of Handicraft and Wood Industry of HCM City (HAWA). He pointed out that despite an annual double-digit growth rate, the country’s wood industry is still facing numerous challenges in 2022. Apart from the pandemic, escalating political tensions have caused more challenges to supply chains, soaring logistics costs and material prices have resulted in higher input costs. Inflation in key export markets … [Read more...] about Việt Nam to grant FLEGT licence to wood exports in 2025

Illustrative image (Photo: travelpluto.com) Singapore (VNA) – Singapore on June 21 announced a support package worth 1.5 billion SGD (about 1.08 billion USD) to provide immediate relief for vulnerable people and businesses amid rising inflation . Vulnerable households will receive an additional goods and services tax (GST) Voucher - Cash Special Payment of up to 300 SGD in August and a 100-SGD utilities credit. Eligible taxi main hirers and private-hire car drivers will get a one-off relief of 150 SGD in August to offset higher fuel costs. For businesses, there are higher subsidies for the Progressive Wage Credit Scheme. Accordingly, the co-funding share of eligible wage increases for local lower-wage workers under the scheme in 2022 will go up from 50 percent to 75 percent for resident employees with gross monthly wages up to 2,500 SGD. For wages above 2,500 SGD and up to 3,000 SGD, the co-funding will be raised from 30 percent to 45 percent. An Energy … [Read more...] about Singapore announces 1.08 billion USD support package to fight inflation