Nagamine & Mishima Consulting

Accounting practice since 1989

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12th eligibility of special tax, CPA examination system, Carnegie

January 26, 2010

1.Taxation(Source: “Zeimutsuushin”)

Under the proposed 2010 Tax Reform, the eligibility of special tax
benefits applicable to SMEs in a 100% Group will be determined based on
“Group Company Status”. Specifically, wholly-owned subsidiaries will
not be eligible for these benefits if the paid-in-capital of the parent
company exceeds JPY 500 million.

2.Accounting(Source: “Keieizaimu Magazine”)

 The Financial Services Agency (FSA) is already planning to revise the
new CPA examination system that started in 2006. This is because a rapid
increase in the number of passers under the new system has produced many
passers who cannot get jobs. The FSA has long been criticized for
controlling the number of passers at its own discretion. We must say
that this criticism was right on the mark.

3.This Week’s Words of Wisdom (Source: “Sekaino Meigen Hyakusen”)
 “The first man gets the oyster, the second man gets the shell.”(Andrew
Carnegie)

 This is a famous line by Carnegie who is known as “Steel King” and
famous for Carnegie Hall.
 This one tells us that only risk-takers who carry out tasks which
others hesitate to do are rewarded.

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  • “I had the privilege of working with Nagamine and Mishima over the last 1 year and has been most impressed with their level of professionalism and standards.  They always provide us with good advise on the local accounting requirements and standard.  Also they are always on time in their accounting report submission and have always met our needs for adhoc requests.  This arrangements best suit our needs and allow us not to invest in our own accounting headcounts as we have an accounting partner that meet our needs fully.”

    Chia Sin Jin, Finance Director

    Unity Technologies