The rules for including entertainment expenses in deductible expenses will be updated effective April 2024 in Japan. Many business owners are concerned about this provision. As a tax accountant, I am examining where the system should be used and its impact. I want to...
Providing goods and services to foreign countries has become common in recent years.This article will summarize Japanese bookkeeping basics when providing services to foreign countries. Make a Record when you sell You record sales on the date the goods or services are...
Have you ever wondered if your lunch at work is a business deduction? If so, this blog is the answer. It will explain whether your daily lunches are considered a business deduction and how to ensure they are correctly accounted for. Whether you are a sole proprietor...
The Japanese government is contemplating significant tax reforms to fund an ambitious defense budget of 1 trillion yen. It is a strategic approach to bolster the nation’s defense capabilities. Breakdown of the proposed funding mechanisms Here’s an analysis...
Hello, crypto enthusiasts and business owners! If you’re involved in the world of cryptocurrency, especially within Japan, there’s a significant tax update that you should be aware of. Let’s dive right in! A Shift in Cryptocurrency Taxation For those...
