| Direct & Indirect Taxation Services |
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The firm has versatile expertise in Direct & Indirect Taxes which includes: |
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- Tax planning for new, existing & reorganized businesses
- Handling the whole statutory compliance function of clients like end to end solutions for routine matters like GST of different states, e-TDS returns and other GST aspects.
- Tax Compliance and representation before various tax authorities including filing of appeals before Appellate Authorities
- Preparation & Filing of Income Tax, e-TDS, GST (Local & Central), GST Returns on monthly, quarterly, half yearly & annual basis.
- Registration of the various type of firms & companies with Goods And Service Tax, Income Tax Authorities
- Transfer Pricing: Helping management to justify that the international transactions are on the basis of Arms length Price as per the provisions of Income Tax Act, Assisting management to determine best method to determine the arm’s length price under the provision of Income Tax Act, Assisting management to maintain documentations under Chapter X of income tax Act to prove arm’s length price, Issue CA certificate for arm’s length price of international transaction, Attending transfer pricing assessment at the Income Tax Department on behalf of client.
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| Generation of MIS and Risk Analysis |
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Importance of MIS: |
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- MIS is always management oriented and keeps in view every level of management and gets the desired information.
- It is integrated in a way how different components (sub systems) are actually tied up together, e.g. different departments of organization linked together.
- It is Useful for planning - as every organization makes long-term and short-term plans with the help of information like sales & production, capital investments etc.
- Effective MIS helps the management to know deviations of actual performance from pre-set targets and control aspects.
- It provides updated results of various departments to management.
- MIS adds to the intelligence, alertness, awareness of managers by providing them information in the form of progress and review reports of an ongoing activity & helps managers in decision- making.
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The service includes: |
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- Helping/Developing Business Plan of the organization.
- Prepare periodic MIS for the client.
- Assisting management to pinpoint the risk and way to mitigate the same.
- Assisting management to explore the business opportunities so as to improve the turnover and profitability of the company.
- Help management to explore the possible cost cutting options/opportunities.
- Synchronizing all the departments in the organization to work as a organization and not independent department through periodic common discussion.
- Helping management in creating a system of information flow so as to protect the secret and vital information of the organization.
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| Audit & Assurance Services |
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The firm has a dedicated team of highly qualified Chartered Accountants & other professionals and well experienced in all type of audits, legal compliance & assurance services which includes: |
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- Statutory Audit of various organizations under respective laws including Bank & CAG Audits
- Internal Audit
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice.
- Management Audit
The management audit is a comprehensive and thorough examination of an organization or one of its components. The audit is implemented to identify problems or significant weaknesses in the organization or corporation, thus providing management with a tool to address and repair the problem areas.
- Information System Audit
Information System Auditing is the process of collecting and assessing evidence to show that safeguards to protect against abuse, safeguards assets, maintains data integrity and allows the organisation to continue successfully. It has been developed to allow an enterprise to achieve goals effectively and efficiently through assessing whether computer systems safeguard assets and maintain data integrity.
- Inventory Audit
The aim of inventory audit attributable to the following factors:
1. Stock record accuracy.
2. Early discovery of inventory problem and immediate resolution.
3. Gross to net calculation accuracy.
4. Effective customer service as a result of on-time order fulfilment
5. Better planning based on accurate stock status
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| Accounting Services |
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The firm is providing a cost-effective alternative for bookkeeping and accounting needs of our valuable clients. We are processing day-to-day accounting transactions and handling reporting needs (MIS) of all types and sizes of business organisations by our trained professionals, having expert knowledge of various computer applications, ERP & other software, giving us the edge to handle complex & challenging jobs, thus ensuring the highest degree of standard in providing these kind of services & it includes: |
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- Assistance in maintenance of necessary books of accounts of various organisations
- Transactions Management (IT-enabled processing of financial transactions) like Accounting transactions processing including accounts receivable, accounts payable, payroll, expenses, bank reconciliations, assets accounting, leases and credit
- Finalization of Accounts on monthly, quarterly, half yearly & annual basis
- Financial Reporting on monthly, quarterly, half yearly & annual financial statements including performance analysis (budget/actual) & forecasting
- Liaison with Auditors for finalization of accounts
- Supervision of the accounting transactions to ensure compliance with best accounting practices
- Applaud & implement suitable internal control systems & procedures as per the requirement of the organization.
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| Legal & Secretarial Services |
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- Opinion on Various Corporate, Economics & Legal Issues
- Incorporation of Companies, Preparation & on line filing of Annual Returns & other statutory documents with the Registrar of Companies
- Drafting & Vetting of various legal agreements, notices, petitions, deeds etc.
- Maintenance of Statutory Records & Registers
- Preparation of notices, minutes & associated documentation for Board & other meetings
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| Inventory Management Services |
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Primarily the objective of these services is to assist and provide comfort to the management that inventory, which is back bone of a trading or manufacturing company, is well managed and ensure that Stock at different locations are available physically and in good condition with regard to quality and quantity as per books. |
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The services include: |
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- Physical verification of Inventories at regular intervals either through scanning the products or through hard copy formats
- Plotting & deriving the physical inventory status in readable formats
- Reconciliation of Physical inventory with book records
- Reporting the MIS for variances on regular intervals thereby identifying the weaknesses in the current system and recommending the necessary actions to streamline the process
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| Pay roll Processing & PF/ESI Services |
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The services include: |
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- Processing of Salary including reimbursement of employees every month on the basis of Attendance, Leave Records, Expense details provided by HR department
- Maintenance and updation of master data of employees every month
- Incorporating any salary structure changes every month
- Helping in Preparation of Full & Final Settlement Cases
- Generation of Payment Advice for the Bank, Preparation and mailing of Pay slips
- Quarterly E-TDS Return & Issuance of Form 16
- Handling and tracking Tax declaration sheet of the employees
- Preparation and submission of monthly PF contribution in the prescribed challans
- Preparation and submission of monthly return as well as half yearly & Annual return with PF & ESI departments
- Managing of inspections done by the department in coordination with clients
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| Fixed Assets Management |
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- Preparation of Fixed Asset Register as per Statutory requirements
- Physical verification of fixed assets at various locations and then reconciling the assets with the book records
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| Other Services |
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- Certification under various acts
- Reconcliations with Vendors, Customers or Banks
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