Why Outsource Accounting & Payroll Services?
For Small businesses, hiring a full-time accountant could be a costly affair. Also, having a junior inexperienced accountant comes with a risk of not being compliant with all statutory requirement, finding a replacement in case of resignation of an accountant is a troublesome task. Junior accountant will find it difficult to support on higher end tasks like tax planning, structuring employee pay package, meeting investor requirements, Meeting bank document requirements, input on taxation and other laws etc. A smaller business also may not have enough work to keep an accountant engaged full time.
Accounting Services include:
- Raising of Invoices and Accounting for Invoices raised and receipts from Customers.
- Verification of Vendor Bills and its payment after obtaining approvals after making necessary deductions.
- Accounting for all the expenses, Purchase of assets, Monthly Payments, etc.
- Bank reconciliations
- Preparation of Monthly Management Information System Report.
- Budgeting and Cost vs Budget analysis and reporting.
- Preparing Financial Statements as per Indian GAAP.
Services include:
Income Tax
- Computation of Monthly TDS and remittance.
- Preparation and filing of Quarterly e-TDS returns of the Company and sharing TDS Certificates with vendors.
- Estimation of Advance Tax of the Company and remittance of the same.
- Consultancy services on matters concerning Income Tax of the Company.
GST :
- Computation of Monthly GST liability and remittance.
- Filing of Monthly & Quarterly, Annual GST Returns of the Company.
- Application for GST Refund and Co-ordination with Department
- Consultancy services on matters concerning the GST Tax of the Company.
Professional Tax
- Payment of Monthly PT and filing of Monthly return
- Preparation and filing of Annual return
- Payment and filing of Annual PT for the Company