Compliance and Outsourcing

Outsourcing Function Tasks Contract Business Concept

Compliance and Outsourcing

Monthly management reporting and accounting

  • Keeping IGAAP-compliant financial records
  • Management of accounts payables and receivables
  • Accounting for fixed assets and keeping track of them
  • reimbursement of employee expenses
  • Preparation of management information systems (MIS) for local and worldwide reporting in accordance with agreed-upon formats and templates.
  • Annual statutory financial statements, including tax audit, prepared in accordance with IGAAP.
  • statutory and tax audit assistance on an annual basis

Accounting auditing and financial controller services

  • In charge of the accounting department’s general operations and management reporting.
  • In-house accounting team supervision
  • Budgets are compared against actual reports, with exceptions being reported to management.
  • Reviewing management information systems (MIS), monthly accrual reports, revenue recognition, and management reporting on financial performance to ensure accuracy and completeness.
  • Ensure that general ledger transactions are properly accounted for.
  • Closing the sub-ledgers and general ledgers on a monthly basis is reviewed.
  • Examining cash flow estimates and other information to ensure they are in line with business goals
  • Reconciliations, such as inter-company account reconciliation, are being reviewed.
  • Make recommendations for ways to boost overall process efficiency.

Services relating to payroll

  • Processing and reporting of paychecks on a monthly basis
  • Compliance with the payroll system
  • Advanced web-based payroll software that increases automation and eliminates errors.
  • Without accessing emails, a secure technique for sending and receiving data has been developed.
  • Payroll system with HR and accounting system integration
  • Payroll processing is handled by an experienced and competent crew.
  • Reimbursement systems
  • A dedicated employee self-service portal that is available 24 hours a day, seven days a week Mobile application for rapid access to pay stubs and investment information
  • System for tracking vacation time online
  • System for tracking trips and expenses
  • Employee question management with a specialised online helpdesk.
  • Other individualised services, such as CTC restructuring, expat relocation, and so forth, are handled by a specialist team.

Services in human resources consulting

  • Issuance of a standard employee handbook that includes all work conditions, employee perks, office rules, a code of conduct, and other relevant requirements.
  • Creating policies in accordance with recommendations and mandates
  • supplying new hires with draught offer letters
  • Support for onboarding and induction of new employees.
  • Structure of the organisation
  • The definition of roles and responsibilities
  • Managing your performance
  • Recognition and awards
  • Promotion in your career
  • Training sessions to be conducted

Services for international mobility

  • Compensation structuring, employee assignment structuring (both inbound and outbound), and compliance
  • Assistance with tax filing for employees
  • Assistance in establishing employee stock ownership plans (ESOPs) and other remuneration systems.

Services related to incorporation

  • The formation of a legal entity, such as a corporation, a limited liability partnership, or an LLP.
  • Creating charter documents such as memorandums and articles of incorporation.
  • Obtaining company law approvals
  • Obtaining a digital signature and a director identification number
  • Assisting with tax registrations such as PAN, TAN, IEC, GST, and so on.
  • Account opening

Advisory services on corporate secretarial compliance

  • Making and keeping track of a personalised company legal compliance calendar
  • Notices, resolutions, and minutes for committee, board, and member meetings are all written by me.
  • Assisting with business law compliance in the areas of equity management and share stamping.
  • Assisting with annual compliance, including returns and reports.
  • Assisting with all event-based compliances, such as board reconstitution, registered office relocation, permissions, and so on.
  • Other event-based compliances include inter-company loans, stock buybacks, investments, guarantees, and securities provision, among others.
  • Compliments relating to Foreign Direct Investment (FDI)

Advisory services on FEMA compliance

  • Notification to the RBI upon receipt of a remittance from a non-resident for the purchase of shares
  • Coordination of a share valuation certificate in conjunction with the submission of Form SMF by a Chartered Accountant.
  • Preparation and filing of paperwork with the RBI, including Form SMF
  • FLA return preparation and filing Overseas Direct Investment (ODI) related compliances
    Compliance with External Commercial Borrowing (ECB)
  • FCRA registered entities must comply with the law on an annual and event-by-event basis.

Advisory services on direct tax compliance

  • Annual corporation tax returns are prepared and filed.
  • Assistance in calculating income taxes in advance (quarterly)
  • Tax audits include diagnostic audits, the setup of tax compliance reporting systems, and more.
  • Support for statutory compliance in arranging and reviewing tax withholding certificates on payments made to international vendors.
  • On-demand direct tax advice

Advisory services on indirect tax compliance

  • GST compliance help is provided on a regular basis for each GSTN registration.
  • Calculation of tax liability in accordance with the GST rules
  • GST return preparation and submission
  • Review of TDS rates and assistance with GST TDS returns, if applicable
  • Based on the data provided by the GST audit, a review of an ISD return for a single ISD registration.

Advisory services on transfer pricing compliance

Documentation for local transfer pricing compliance for international and defined domestic transactions, including the following:

  • An examination of the functions
  • Analysis of comparability
  • Industry and commerce

Overview:

Examining transactions that are judged to be international
Examining Form 3CEB, which will be issued by the client’s other consultants, to determine if Form 3CEB contains information related to the transfer pricing analysis that will be prepared as part of the engagement.

Solution for managing compliance

Other products and services
Communal service centre
Solution for managing compliance
Conversion services to GAAP
Assistance in converting reports to iXBRL and XML for statutory filing

Consulting WP – we help companies assess their skills and choose a new direction which utilizes the talents of the team and resources most productively.

how can we help you?

For any business inquiry contact us online.

They are more than just our accountants, they are an important member of our management team, fully immersed in our operations and providing rather unique, proactive advice, leadership, and personal service, which is sadly lacking in larger city accounting firms, at a country rate.

Amanda Seyfried

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