Services

Statutory Audit

A statutory audit is a type of financial audit that is required by law. It is conducted by an independent auditor to review a company's financial records and financial statements in order to ensure that they are accurate and comply with the relevant accounting standards, laws, and regulations.

The purpose of a statutory audit is to provide assurance to shareholders, investors, lenders, and other stakeholders that the financial statements accurately reflect the company's financial position and performance.

Tax Audit

In India, tax audits are conducted by the Income Tax Department under Section 44AB of the Income Tax Act, 1961. Tax audits are mandatory for certain types of taxpayers, including individuals, businesses, and companies, if they meet certain turnover or income thresholds.

During a tax audit, the auditor will review the taxpayer's books of accounts and financial statements to ensure that they are accurate and comply with the relevant tax laws and regulations. The auditor will also verify the taxpayer's compliance with various tax provisions, including deductions, exemptions, and other tax benefits.

Compliance Audit

In India, a compliance audit is a type of audit that is conducted to verify whether a company is complying with various laws, regulations, and guidelines applicable to its business operations. Compliance audits are typically conducted by an independent auditor and can cover a wide range of areas, such as environmental regulations, labor laws, and corporate governance requirements.

During a compliance audit, the auditor will review the company's policies, procedures, and records to ensure that they are in compliance with the applicable laws and regulations. The auditor may also conduct interviews with key personnel, review contracts and agreements, and perform other tests to assess the company's compliance.

Planning & Advice

Tax planning involves the process of analyzing a person's financial situation from a tax perspective in order to optimize their tax liability. Tax planning aims to identify ways to legally reduce the amount of tax that a person owes, by taking advantage of various tax deductions, exemptions, and credits.

Take advantage of tax deductions and exemptions - Taxpayers can claim deductions and exemptions for expenses related to education, health, home mortgage interest, charitable donations, and more.

Assessments & Appeals

Tax assessments are official notifications sent by tax authorities to taxpayers, either individuals or businesses, stating the amount of tax that is due based on the information provided in their tax returns. Tax assessments can be issued for various types of taxes, such as income tax, property tax, sales tax, and more.

If a taxpayer disagrees with a tax assessment, they may have the right to appeal it. The process of appealing a tax assessment can vary depending on the jurisdiction and type of tax. Here are some general steps that taxpayers can take when appealing a tax assessment.

Refunds

A tax refund is a reimbursement of overpaid taxes to an individual or business by the tax authority. Tax refunds are typically issued after a taxpayer has filed their tax return and paid their taxes. The amount of the refund is determined by the amount of tax paid versus the actual amount owed.

Tax deductions and credits: Taxpayers can claim deductions and credits for expenses related to education, health, home mortgage interest, charitable donations, and more. These deductions and credits can reduce the amount of tax owed and increase the likelihood of receiving a refund.

Registrations

Startup registration refers to the process of registering a new business with the government in compliance with the relevant laws and regulations. In most countries, there are specific laws and regulations that govern the registration of startups, which vary depending on the legal structure of the business and its industry.

If a taxpayer disagrees with a tax assessment, they may have the right to appeal it. The process of appealing a tax assessment can vary depending on the jurisdiction and type of tax. Here are some general steps that taxpayers can take when appealing a tax assessment.

Compliances

Startup compliance refers to the legal and regulatory requirements that a startup must adhere to in order to operate legally and ethically. Compliance is important for startups as it helps to mitigate legal and financial risks, build trust with customers and investors, and ensure a level playing field with competitors.

Company incorporation and registration: Startups must incorporate and register their business with the relevant government authorities, such as the Registrar of Companies, and obtain necessary licenses and permits.

Secretarial Services

Corporate secretarial services refer to the administrative and compliance tasks related to the legal and regulatory requirements of a company.

The goal of corporate secretarial services is to ensure that the company operates in compliance with the law and meets its obligations to stakeholders, such as shareholders, employees, and regulatory authorities.

Legal

Corporate legal refers to the legal aspects of operating a business or a corporation. It encompasses a wide range of legal issues that arise in the context of business operations, such as corporate governance, contract law, employment law, intellectual property law, securities law, mergers and acquisitions, and litigation.

Corporate legal services are typically provided by attorneys or law firms that specialize in corporate law. These legal professionals advise businesses and corporations on legal matters and help them navigate the complex legal landscape of operating a business. They may work with companies of all sizes, from small startups to large multinational corporations.

Accounting & Filings

Accounting and Filings refer to the services provided by professionals or firms to assist businesses in their accounting and compliance needs. These services may include bookkeeping, financial reporting, tax preparation and filings, payroll management, and other financial and regulatory filings.

Representations

Tax representation refers to the act of appointing a tax professional, such as an attorney, accountant, or enrolled agent, to act on your behalf before the IRS or other tax authorities. The tax representative is authorized to communicate with the tax authorities and provide them with information and documentation regarding your tax matters.

Liasoning Work

iaison work can refer to the act of working with tax authorities and government agencies to represent the interests of a taxpayer or organization. Tax liaison work can be crucial in ensuring compliance with tax laws, obtaining necessary approvals and permits, and resolving disputes with tax authorities.

Project Reports

Project reports are documents that provide detailed information about a proposed project or initiative, and are typically used to secure funding from investors, lenders, or grant providers. These reports are an essential tool for organizations seeking to raise capital or secure financing for a project, and can help to build credibility and demonstrate the viability and potential impact of the project.

Funding Arrangements

Funding arrangements in tax refer to agreements between taxpayers and tax authorities that allow taxpayers to pay their tax liabilities over an extended period of time, typically in installments. These arrangements can provide much-needed relief to taxpayers who are struggling to pay their tax bills, and can help to avoid costly penalties and interest charges.