Key Features of TCAS

Key Features & Advantages of Our Services

01 Tax Audit

We assume responsibility for tax audits, protecting clients from penalties or fines arising from inspections.

 

02 Financial Software

We provide MagicFinance software authorized by the Ministry of Finance to generate financial and tax reports.

 

03 Experienced Team

Our Tax Certified Advisors are supported by a skilled, responsive, and reliable professional team.

 

04 Work Results

We hold “Business Meetings” twice a year to present both the client’s and our operational outcomes.

 

05 Monitoring & Internal Audit

Twice a year, our auditors and internal audit team review the client’s operations and report results at business meetings.

 

06 Free Software

Every client receives installation of the MagicFinance financial software at no cost.

 

07 Work Standards

All financial documents are organized, archived, and maintained according to professional standards.

 

08 Collaborative Growth

We provide training on new regulations, standards, and financial literacy to support client development.

 

09 Monitoring System

Clients are granted access to the KHAMT system for better monitoring and oversight.

 

 

Advantages for Clients

  • Time Report Access: Clients can view “Time Reports” to see who worked, how many hours, and what tasks were done, selecting specific periods.

  • Contract Performance Tracking: Monitor total tasks vs. completed tasks, including on-time and delayed work.

  • Tax Risk & Alerts: View organizational tax risks and warnings with red, green, and yellow indicators by quarter.

  • File Repository: Access, view, and download reports generated by the organization.

  • Communication Records: Obtain official correspondence, meeting notes, payment details, complaints, and feedback exchanged between Magic Consulting Audit LLC and the client organization.

Comparison: In-house Accountant vs. Tax Certified Advisor (TCA) Outsourcing

Feature In-house Accountant TCA Service Outsourcing
Accountant Full-time employee, works during office hours Contracted company, not full-time
Extra Tasks Possible Not possible
Responsibility Management bears final responsibility for incorrect financial statements Outsourced TCA company bears final responsibility
Document Organization Depends on accountant Well-organized documents
Costs Salary + 11% social insurance + paperwork + office utilities + labor protection etc. Contract fee (VAT deducted)
Additional Costs Social issues, computer, furniture, office space Not required
Risk Risk from accountant turnover or lack of expertise may lead to tax penalties Work performed within contract scope, minimal risk

Before Law: If a person responsible for company’s financial activities issued inaccurate reports, the first signatory bore the risk.

After Law: On December 27, 2012, the “Law on Tax Certified Advisory Service (TCA)” was enacted.
If a TCA company responsible for financial activities issues inaccurate reports, the company assumes the risk.