ALTESTA Corporation

member of An Internarional Association of Independent Accounting Firms

Supporting company set up and formation in Japan

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OUR BUSINESS

Business information

Tax advisory / Book keeping / Book closing and preparation of a tax return

Book keeping / Tax accounting advisory

Based on information given by customers, such as cash books and bank statements, we will prepare companies’ accounting books and respond comprehensively to customers’ questions involving with tax accounting issues and other management issues. For customers who are planning to set up a company, we correspond extensively to their questions and provide appropriate answers about selecting a form of an organization, questions involve with decision which has an effect to taxation. We are also available for introducing judicial scrivener, social insurance and labor specialist, administrative attorney, certified public accountant and USCPA to customers.

Preparation of corporate tax return / sales tax return

We provide services of preparing a tax return based on a calculation of a taxable income complying with the latest tax regulation, and we also prepare documents which are required to submit.

International taxation / Services for foreign corporations

Supporting foreign companies for starting up the business in Japan

When foreign companies expand into Japanese market, they will face not only a tax accounting problems but also many other problems. We will help those companies by giving many supports, such as advising about selecting a form of an organization in Japan(should it be office, branch, or subsidiaries?) and handling a complicated works , such as corporate registration of incorporation, obtaining a working visa for employees, and submitting documents of social security insurance. Addition to that, we will also support a company’s office works, such as a preparation of accounting books/ledgers and payroll calculation, before hiring a back office worker. If necessary, our tax accountant will report to the foreign parent company in English. Currently we are supporting companies from the U.S, Canada, Europe, Asia and countries in east Asia, which expand into Japan.

Tax advice for individual income taxes, both Japan and the U.S
  • Assignment cost analysis

    Employers provide various kinds of economic benefits to expats, such as tax equalization, cost of living, etc. Addition to that, tax regulations and tax treaties to those economic benefits are quite special, such as determination of inhabitance, taxable income, foreign tax credits, and tax exemptions for short term assignment employees. We provide the most proper salary payment plan and benefit plan for expats by handling an assignment taxation cost calculation and by utilizing fluent knowledge which come from foreign accounting firms that we cooperate.

  • Individual income tax filings for expats in Japan

    For expats who reside in Japan for a short term(two or three years), special knowledge are required for their salary paid from outside Japan, their stock options, their economic benefits and payment of foreign taxes. We handle preparation of tax returns and relevant documents for those expats. Communication in English is available too.

  • US 1040

    In a case of US1040, We will introduce USCPA whom we cooperate. Preparation of those tax returns is available in Tokyo.

  • Advices involve with a working visa

    About issues which involve with an application of expats’ working visa, We will introduce an administrative attorney whom we cooperate.

Structured finance

Investment fund

We will support clients’ financing, investments, new business evolutions and others comprehensively from the beginning of the scheme, using SPC of Cayman partnership, Ireland corporations, voluntary partnerships, anonymous partnerships, limited liability companies during the composition of various kinds of funds, such as real estate investment fund, equity investment fund and others.
We currently involve with composition and management of numerous investment fund, both inside and outside Japan. Naturally a response in English is available too.

Business response (English is available for all the following businesses)
  • Book keeping and preparation of tax returns of real estate investment fund(SPC) and equity investment fund/SPC
  • Business reports for investors
  • Taxation and accounting advices for investors
  • Advices involve with a selection of investment beagles(voluntary partnership, anonymous partnership, foreign funds and others)
  • Planning and supporting of liquidation and securitization of assets
  • Taxation and accounting consulting for composition and dissolution of beagles

M&A / Stock evaluation

M&A – reorganization

We will inspect a scheme for integration and division of a group corporation. Especially an elimination of fair value imposition, utilization of carried losses, calculation of consolidation ratio and exchange ratio will be important issues during an inspection. Addition to that, we will also support a due diligence which involves with mergers of a third company, with an auditing firm which we cooperate.

Stock evaluation

We execute a stock calculation and evaluation by using a discount cash flow method, comparison with similar firms and other methods, considering specialties and characteristics of a business, growth possibility and a purpose of an evaluation.

Inheritance / business succession

Inheritance tax advice and compliance

Calculate future inheritance tax liability and tax saving plan
We will calculate a cost of inheritance tax that can be anticipated currently and inspect whether a necessary fund such inheritance tax payments are being kept or not. Addition to that, we will provide the most appropriate plan for inheritance tax in order to keep clients’ properties for descendants as much as possible.

Inheritance tax / gift tax compliance
Evaluation value of assets, which becomes the most important issue in inheritance and gift tax return filing, will vary depending on which tax advisor calculates. We will inspect various asset evaluation methods prudentially and prepare inheritance/gift tax returns promptly by inspecting preferential tax credit system, such as a small-scale residence evaluation loss and others.
In addition, we will give advices for inheritance plan, considering not only a next inheritance but also a second inheritance which will be happened after the next inheritance.

Business succession strategy

We will advise strategies of stock evaluation, business succession and others in order to transfer a treasury stock to heirs smoothly.

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