BARCELO HOTEL GROUP INDONESIA

Barcelo Hotel Group Indonesia, a prominent player in the hospitality industry, engaged Double M to ensure consistent compliance with Indonesia’s accounting and tax regulations. Double M provided expert support in accounting and tax monthly compliance, enabling Barcelo Hotel Group Indonesia to maintain accurate financial reporting and meet all regulatory obligations.

Scope of Service:

Double M delivered specialized accounting and tax compliance services for Barcelo Hotel Group Indonesia, focusing on:

Monthly Accounting Compliance:

  • Financial Record Management: Prepared and reviewed monthly accounting records to ensure accuracy and completeness in accordance with Indonesian accounting standards.
  • Transaction Verification: Checked and reconciled all financial transactions, ensuring proper documentation and adherence to local accounting practices.

Tax Compliance:

  • Tax Filing and Reporting: Managed monthly tax obligations, including VAT, income tax, and other relevant taxes. Ensured timely and accurate preparation and submission of all tax reports to the Indonesian tax authorities.
  • Regulatory Alignment: Monitored changes in tax regulations and provided guidance to maintain ongoing compliance with Indonesian tax laws.

Risk Management:

  • Compliance Risk Assessment: Identified potential risks associated with accounting and tax compliance, including errors in reporting or late submissions.
  • Mitigation Strategies: Offered recommendations to mitigate compliance risks, ensuring smooth operations and avoidance of penalties.

Outcome Overview:

Double M’s monthly accounting and tax compliance services equipped Barcelo Hotel Group Indonesia with accurate financial reporting, timely tax filings, and a clear understanding of Indonesia’s regulatory requirements.

Key Results:

  • Accurate Financial Reporting: Ensured all accounting records were precise and aligned with Indonesian accounting standards.
  • Timely Tax Compliance: Maintained on-time submission of monthly tax obligations, minimizing the risk of penalties.
  • Risk Mitigation: Provided strategies to address potential compliance risks effectively.
  • Operational Support: Delivered ongoing guidance for accounting and tax processes, supporting Barcelo Hotel Group Indonesia in meeting regulatory expectations.

This engagement with Double M enabled Barcelo Hotel Group Indonesia to maintain consistent accounting and tax compliance, ensuring smooth financial operations and adherence to Indonesia’s regulatory environment.