Bookkeeping/ Accounting:

Bookkeeping isn’t just a mandatory obligation but also crucial for the company’s advancement. It empowers accurate decision-making, timely tax payments, effective cash flow management, and investor-ready business modelling, while providing insight into profitability. Our accounting team boasts expertise in various accounting systems, each member possessing a minimum of 2 years of experience. The softwares which we work with are:
1. Quick Books
2. Zoho Books
3. Tally

4. Xero

Tax Compliances:

• Income Tax: Income tax filing is a procedure through which every organization must report its income and expenses to the tax authorities. The requirement to file tax returns varies depending on the nature of the business, be it a corporation, sole proprietorship, partnership, or LLP.
• GST: A GST return is a comprehensive record comprising sales, purchases, taxes collected on sales, and taxes paid on purchases. Every registered dealer is obliged to submit a GST return for each registration individually. The frequency and type of GST returns to be filed depend on the taxpayer’s category, such as regular taxpayer, composition dealer, non-resident taxpayer, TDS deductor, Input Service Distributor, etc. Typically, a regular taxpayer is required to submit two returns per month (GSTR-1, GSTR-3B) and an annual return (GSTR-9) for each registration separately.
• TDS: TDS is a source of collecting tax by Government of India at the time when a transaction takes place. Here, the tax is required to be deducted at the time money is credited to the payee’s account or at the time of payment, whichever is earlier. Tax is deducted usually over a range of 1% to 10%.
• Professional Tax: Professional tax is the tax levied by the state government on all the salaried individuals working in government or non-government entities or practicing professionals like C.A., Law, Medicine, Consultant, Technician, etc. or carrying out any other form of business. Professional tax is deducted from the salary of the employees and the same is deposited with the state government. Different states have different rates and methods of collection.

ROC

ROC compliance for Private Limited Companies goes beyond just following the law; it’s about building trust and ensuring long-term success. Under the Companies Act 2013, this involves submitting annual returns, keeping statutory records up-to-date, holding regular board meetings, and maintaining transparency through disclosures. When a company stays on top of these ROC regulations, it showcases its dedication to integrity, accountability, and good governance, creating a solid foundation that boosts investor confidence and supports sustainable growth.

Payroll

Any business with more than one employee must have a proper payroll system in place. Timely and consistent salary payments not only boost employee morale but also reflect the company’s financial health and ensure compliance with income tax and state laws. Payroll management involves maintaining detailed financial records of salaries, wages, bonuses, deductions, and taxes such as TDS, Provident Fund, ESI, and Professional Tax. Although managing payroll can be complex, an efficient system helps streamline the process, allowing businesses to focus on growth rather than paperwork and legal compliance.