+91 994 519 4445 info@accountaxman.com

Our Services

Startup Services

Starting a new Business venture or Want to form a new Company, don’t know how to go about it, confused about the optimum structure of starting business.

We have the Solution for you

We specialise in setting up of new companies in India and provide a single window for all compliance. We have adequate experience to our credit and have successfully helped many Indian and multinational companies’ setup their operations in India.

For MNCs, we assist them to enter the Indian market, set up a new business entity, and also assist in handling the entire back office operations, more specifically
in following areas:
  • Identifying appropriate entry route and Consulting about the most preferred structure for starting the business in the specific circumstances of the client – to start up as a Pvt limited company/ Partnership firm/ Proprietorship/ Limited Liability Partnership/Trust/ Society.
  • Formation of Legal Entity in India i.e. Incorporation of PrivateLimited Company/ Partnership firm/ Proprietorship/ Trust/ Society, preparation of its bye laws and other legal support
  • Regulatory approvals, Including Foreign Investment Promotion Board (FIPB), Reserve Bank of India (RBI), Secretariat of Industrial Approval (SIA), Registrar of Companies (ROC) and other concerned authorities;
  • Obtaining registrations and permissions like Goods and service Tax Registrations, Import Export Code, , Income Tax PAN, Tax Deduction and Collection Account Number(TAN), All Labour Registrations Like Shops and Establishment, Employee Provident Fund, Employee state Insurance and Obtaining Digital Signaturesetc required to commence business operations in India;
  • Support in Accounting and Payroll management
  • Regulatory Compliances covering Tax compliance and advisory management services, corporate, secretarial, financial services etc.
  • For SMEs, we provide professional support for new entrepreneur to start up new venture/ Company. Our rich experience as business advisors and financial consultants, has successfully helped more than 100 entrepreneur’s setup their business in the past 5 years.

Accounting & Bookkeeping

A range of tailor-made accounting & bookkeeping services

We provide Timely and Reliable Accounting Service, so you can mind your own business. As a firm of Accountants, We provide outsourced Accounting and Bookkeeping services to our clients at a fraction of in-house cost. We prepare accounts for Companies, LLP, Proprietorship, partnerships, NGOs and others. We enable our clients to focus on their business growth, while we provide them accounting and bookkeeping services in a safe, secure environment in a highly cost and time efficient manner. We maintain meaningful and well-organized financial records for your business. Which are delivered in time to ensure that your business operations will run more efficiently on a daily basis.

Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping. This service is ideal for the business that is virtual or home-based and wants to maintain a lower overheads cost or for entities seeking professional expertise to manage the accounting / financial functions of its business. Many small businesses are not equipped with complete accounting skill set and require bookkeeping services from external sources. Our experts are seasoned and can handle tasks like drafting of financial statements, budget analysis, management reporting, etc. We use tracking and recording information in advanced accounting software’s accustomed to clients specific needs

Our Accounting Service include :

  • Setting up of Accounting System for new businesses
  • Maintaining statutory books of accounts
  • Assistance in preparing monthly or quarterly accounting reports
  • Compilation of final accounts as per accepted accounting standards
  • Financial reporting and analysis
  • Preparation of forecasts & projections
  • Inventory management
  • Payroll processing
  • Accounting system implementation
  • Setting up of chart of accounts
  • Accounts receivable management
  • Accounts payable management
  • Accounts reconciliations
  • Cash flow management including budgeting and forecasting
  • Consolidation of financial statements of group businesses

Bookkeeping Services

Professional bookkeeping services for business & individuals

Whether you are launching a start-up in need of small business bookkeeping services or already run an established business, Accountaxman can offer you a convenient bookkeeping solution. We provide you with easy access to qualified, seasoned bookkeepers and accounting professionals – without you ever having to hire them. Even if you own an established business and your in-house bookkeeper is not sufficiently qualified or is unable to keep pace with the work flow, we can provide the most efficient bookkeeping solutions at cost-effective rates. Our online bookkeeping services will help you reduce costs and manage your books efficiently. In addition, AJSH has an in house team of accounting professionals who can work on every well known software programs like QuickBooks, Xero and other popular accounting applications.

Our bookkeeping services include the following:

  • Accounts Payable Management (Vendor Bills and Payments)
  • Accounts Receivable Management (Customer Invoices and Collections).

  • Bank Reconciliations (Checking and Credit Cards)

  • Electronic Document Management

  • Inventory Management

  • Recording and Reconciling Payroll Transactions.

  • Revenue Reconciliation with Bank Deposits

Virtual CFO & Support Services

What is a virtual CFO?

A Virtual Chief financial officer can be a single person or an entity who offers financial assistance to your organization and also manage the financial risk of a business. Much like an in-house CFO, a virtual CFO (Virtual Chief Financial Officer) can help you with financial planning and analysis of your business. Cutting down the expenditure to a great extent, a virtual CFO has all the required skills to manage with the same workforce and assist them in sales, accounting, training, and evaluation along with providing an overall financial insight of your organization. Not only expenditure cut down, be it office space or time, without the hassle of all these you can get all the relevant financial information on time with the help of virtual CFO.

What Does a CFO Do?

From assessing financial risks and opportunities to managing day to day financial activities of an organization, everything can be managed by a CFO. Be it short term needs or a strategic financial planning, a CFO is well deft in all these tasks. By working with the project managers and marketing teams, CFO can manage the cash flow of a firm along with assisting in raising capital. Apart from this, coordinating with the financial advisors of an organization is also a job of a CFO. So in other words it can be said, that a CFO is the strategic partner and advisor when it comes to financial matters of a business.

Virtual CFO Services in Bangalore

Managing a business in a hassle-free manner is only possible when the finance is taken care of. Finance can be considered as the heart of an organization and needs to be managed carefully under all circumstances. Managing the finance of a business is the primary task of a chief financial officer. AccounTaxman can be considered as the pioneer of providing CFO services to businesses. With a perfect combination of on-site deployment and off-site support, AccounTaxman is well skilled to handle the finances of your organization. Our team of skilled people have worked as CFOs with IT/ITES and SME companies and helped them manage finances seamlessly. By saving time, energy and being cost effective, AccounTaxman has always extended their helping hands to help companies in financial planning and at the same time provide valuable financial assessment to businesses. Our happy clientele speaks volumes about the quality of services we provide, taking care of every single compliances.

AccounTaxman CFO Services Include Handling the following Assignments, on a Continuous Basis, for Our Clients:

  • Cash flow planning, banking, etc.
  • Budgeting, Profitability planning and analysis.

  • Implementation of and maintenance of a good management accounting and reporting system

  • Treasury Management, including investment of surplus funds.

  • Complete handling of accounting and statutory requirements.

  • Assistance in the preparation of Business Plans, Project Reports, etc.

  • Complete handling of direct and indirect taxation.

  • Assistance in choosing the right transfer pricing model and the related issues

  • Co-ordination with the external statutory auditors

  • Assistance in handling critical issues related to tax and statutory compliance

  • Periodical reporting in the client’s’ internal formats including on SAP platform

  • Developing and maintaining relationships with investors and other stakeholders.

  • Maintaining reporting relationship with the CEO / global CFO

  • CFO Services in Bangalore Provided by AccounTaxman

AccounTaxman provide specific kinds of CFO services which are as follows :

  • Virtual CFO services
  • Outsourced CFO Services

  • Part-time CFO Services

  • CFO Support Services

  • Project- or transaction-based services

Virtual CFO Services

We provide Virtual CFO services to our clients form the IT/IT Services/ITeS/Software/Services sectors. Under this, we handle the entire CFO portfolio work in conjunction with the clients’ finance and accounting departments. Each client is assigned to one of our qualified professionals who works under the superintendence of the client. Many of our SME clients who cannot otherwise afford a full time CFO find this service very useful, as this saves a lot of time and energy for the clients’ operating managers.

Outsourced CFO Services

We provide Outsourced CFO services to our clients from the IT/ITS/ITeS/Services sectors. Under this, the entire CFO related functions are outsourced to us. We operate either independently or in conjunction with the clients’ finance team.

Part-time CFO Services

Under this our finance professionals spend designated days of the week in the clients’ premises to handle the CFO functions. Given the fact that, most SMEs in the services sector do not require a full time CFO, this service is found to be cost effective by our clients.

CFO Support Services

We also provide CFO Support Services, in terms of which, we assist the CFO or the Finance Manager of the client, in handling generic or specific assignments related to finance, taxation, accounting, reconciliations, payroll etc.

CFO on Hire Services

We provide Part-time CFO Services to our clients, in terms of which, our finance professionals would act as CFOs of our clients, till such time, a full time CFO is recruited. We also act as CFOs, during the period preceding the appointment of a full time CFO, by our client.

How Outsourced CFO Services can Be Most Helpful for IT / ITES Companies

An increase in shareholder value along with increase in profitability is something every business seeks for. But lack of overall financial insights in a business and lack of expertise in it can prevent an organization from accomplishing business goals. Apart from flexibility in financial matters, if you are looking for expert consultation, then outsourcing CFO services can really be a great idea. Now the question might arise, as to how CFO services can be beneficial to IT/ITES companies.

When the position of full time CFO is going through a transition period, where you need a temporary option to have an expertise look of the financial matters of the organization, outsourcing CFO consultation services can be the right option for businesses. A lot of challenges come up when it comes to business expansion. Large volumes of data, new compliance, more complex processes are to mention a few. This is when there is a dire need of outsourcing CFO functions and services. Not only in expansion, even when a business is going through a major downfall or facing losses, valuable feedback of an outsourced CFO can really have an impact in preventing further loss in an organization.

Some of the special projects in a business require special consultation services of an outsourced CFO. Financial modeling, acquisition integration, deal evaluation, purchase accounting is some of the special projects that required skilled expertise on financial services of an organization. Not all companies have rich domain experience of financial accounting and other relevant services. So high level financial guidance of an outsourced CFO Service can always be beneficial this time. Outsourcing CFO consulting services is also helpful to meet several operational challenges that might come up while running business operations. An outsourced CFO services provider would be able to provide financial guidance and analyze the financial condition of your firm. The strategic financial planning by a CFO consultant is always beneficial when it comes to handling new challenges in business.

Who Needs an Outsourced CFO?

Sustaining in the competitive market as well as generating revenue in the competitive market is very important for any business these days. Effective CFO Function can be considered can always lead to growth and development of any business. When you outsource CFO functions, you always have more time to streamline business operations and focus towards the productivity of the employees.

The size of a business never determines whether the firm needs to outsource CFO services. Be it a small, midsize or a top-notch business, every kind of firm requires to outsource CFO functions. Outsourcing CFO consulting solutions can always help in getting optimized accounting and other financial services for an organization.

If your business is looking for an option of greater flexibility, where you are willing to dedicate half of the resources towards senior level of CFO talent while the other half of your resources for day to day accounting operations, then your business surely needs to outsource CFO services

Being cost effective in operations is the trait of a successful business. So, if you are intending to be cost effective, then cutting down the expenditure of a full time CFO is a good idea.

Not all resources are able to foresee the overall financial condition of a firm. Focusing on strategies related to financial services can only be done by higher officials. So, if your business needs an overall insight of the financial condition of your firm then outsourcing CFO services can be the best option for you.

What are the Benefits of Outsourcing CFO Services?

Outsourcing CFO services is commonly seen these days. Some of the most common benefits of outsourcing CFO services are as follows-

  • Better control on the financial matters of your business
  • Ability to have financial control and tackle financial risk deftly

  • Accuracy in financial statements

  • Expert professionals to assess financial condition of your business

  • Savings on cost, time and energy of the in-house team and help them focus on core activities

  • Increase in cash flow of the business 

  • Get financial advice and consulting services from well experienced people in this domain 

  • Staying compliant with the ever-changing norms of taxation and help businesses to stay away from legal penalties

Taxation Services

Tax Consulting and Advisory is our Core Area. We provide quality Tax Consulting and compliance services to our clients

We provide end-to-end Tax Consulting, Tax planning, Advisory and Compliance services including international tax planning. We have experience in providing direct and indirect tax consultancy to MNCs, Indian corporate houses, NGOs, Indian Resident Individuals and even Non Residents. Our Tax team specialise in providing commercially focused tax advice with the simple aim of maximizing value and wealth. No two situations can be ever same and so our advice is always customized to your needs and delivered in a language you’ll understand.

What separates us from other Tax Consultants is our distinctive and result oriented approach towards results. In the past 12 years, the Firm has handled a vast number of Intricate Tax matters ranging from Tax assessments to tax anti-evasion surveys with 100% success ratio.

DIRECT TAX CONSULTING – INCOME TAX

Regulatory

  • Applying and obtaining Permanent Account Numbers (PAN) and Tax deduction Account Numbers (TAN) and filing timely returns.
  • Preparation and filing of income-tax returns for Companies and other entities with the Revenue authorities.

Litigation

  • “Representing” or “consultancy for representing” before the assessing authorities for expeditious and timely completion of assessments.
  • Assistance in moving courts against any legal issues in assessments / appeal orders.

Updates and Value Additions

  • Tax assistance to various MNC’s in setting up a business presence in India
  • Providing updates on significant and pertinent changes in law.
  • Assistance in availing benefits, exemptions, reliefs, rebates and deductions to minimize the incidence of tax.
  • Providing income-tax opinions on various complex and litigative tax issues to the clients.
  • Expediting the process of obtaining refund.               

Tax Consulting For Corporate Clients

We specialize in undertaking Direct tax support services for corporate clients. These services may be provided at the clients place or at our own offices and may be suitably customized as per the requirements of each client. The services provided include the following:

  • Handling day-to-day tax matters including replying to various tax notices and providing necessary tax support on regular tax matters
  • Management of tax records and reports in Soft and Hard files including documentation
  • Tax compliances including advance Income tax calculations and deposits, Withholding Tax compliances and filing of various returns
  • Tax Audit support services – Including compilation of various details for tax audit purposes and providing audit support to auditors
  • Providing necessary information to Statutory auditors or management auditors in relation to tax matters
  • Support in compilation of Transfer pricing Documentation and Certification
  • Compilation of Corporate tax returns (Income tax, wealth tax) and its e-Filing with the revenue department
  • Facilitation in obtaining Tax registration with Tax authorities (PAN, TAN, online tax credits view etc)
  • Tax reporting on defined frequencies i.e. monthly quarterly, annually to Parent Company as per their formats
  • Compilation of Various details for Tax Assessment purposes (Scrutiny, Appellate level) for Income tax and Transfer pricing
  • Tax representations before Assessing officers in connection with tax assessments including transfer pricing.

Individual Income Tax Consulting Services

  • Individual Tax planning & consulting
  • Support in getting various tax registrations including Permanent Account Number (PAN), view you tax credit online etc.
  • Review and assistance in advance tax computations
  • Individual Tax Compliances – Compiling and e-filing of Income Tax returns
  • Representation before Tax authorities in connection with tax assessments, refunds or other matters
  • Management of tax records in Soft and Hard forms
  • Advise on tax issues like capital gains/ loans/ tax Investments etc.

Indirect Tax Consulting – Goods & Service Tax (GST)

The Goods and Services Tax (GST) has consolidated a plethora of indirect taxes levied by the Centre and states into a common tax. It eradicated multiplicity of taxes thereby reducing the complexity and removing the cascading effect of taxes. Present taxes levied on the sale of goods or services by either Central or State Government are embraced under the GST regime.

Goods and Services Tax came into effect on July 1, 2017. Businesses are required to file monthly, quarterly and annual returns and those with turnover exceeding INR 2 crore will also have to file audit reports.

Our portfolio of services, that makes it easy for you to comply with this tax regime, comprises of:

GST Registration : GST registration process under the new GST rules is done through an online portal that is maintained by the Central Government of India. Our experts can get your GST registration done in a short span of time.

GST Returns : GST Act mandates every registered entity to furnish details of its sales and purchases including tax paid and collected thereon by filing GST returns Taxpayers must provide correct information to department as the system is designed so that all transactions are in synchronized with each other and no transaction is left unnoticed between buyers and sellers. GST team of AJSH let you focus on your business, by filing your tax returns in compliance with GST regime.

GST Amendments : Once you are registered as goods and services taxpayer and want to make any alteration in your details of core or non-core fields like change in address, addition of place of business etc., you may reach our GST experts for any assistance.

GST Audits : Our team of professionals with rich knowledge on GST, perform audits and prepares required audit reports for its clients.

GST Assessment : We can help you with your self-assessment of GST. Our team will assist you in whole process of assessment carried out by tax authorities.

GST Compliances : We will keep you updated with any new compliances announced by GST Council

Auditing & Assurance

The general definition of an audit is an evaluation of a person, organization, system, process, enterprise, project or product. A comprehensive checking is essential to extend credibility to the financial information that stakeholders need to make sound business decisions.

We provide a range of audit and risk assurance services to assist clients in achieving their business objectives. Managing their risk and improving business performance. We take time to understand your business, its needs and blend this with the sectors in which you operate.

With businesses seeking greater success on a global scale, it is becoming more and more important to set the right regulatory practices in auditing and assurance. This is where we come into the picture and assist you in meeting these demands with a thorough auditing and seamless assurance. We not just provide great services for you and your organization, but also give way to clear and transparent information, which is beneficial for your stakeholders and investors.

Auditing is a vital part of accounting. Traditionally, audits were mainly associated with gaining information about financial systems and the financial records of a company or a business.

Through robust audit tools, resources and procedures, AccounTaxman delivers high quality audit services, adhering to the highest standards of independence, ethics, and professional objectivity while applying technical excellence. As part of our strategy, continuous audit quality improvement, service performance and delivery to clients is continuously assessed

Statutory Audits : We believe the statutory audit should be viewed as an opportunity, not an overhead. It is a legally required review of the accuracy of a company’s or governments financial records. The purpose of a statutory audit is the same as the purpose of any other audit – to determine whether an organization is providing a fair and accurate representation of its financial position by examining information such as bank balances, book keeping records and financial transactions of both Public and Private Companies, Banks, Financial Institutions, PSU’s, firms and Sole-Proprietors.

Internal Audit : Focus is to ensure strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Safeguarding of assets, adequate division of authority over key control areas and compliance with internal operating policies and guidelines are other focus areas.

Tax Audit : To prepare report in Form 3CA/3CB including annexure in Form 3CD as per div 44AB of the Income-Tax Act. We’ll help with your IRS tax audit by:

  • Reviewing the tax authority notice or inquiry and explain what it means
  • Researching issues involved
  • Assisting you in assembling documents and records for the tax audit
  • Reviewing the tax audit findings and explaining them to you
  • Explaining the appeal process and other options available to you in the event you disagree with the tax authority’s findings

Process / Transaction Audit : A process audit is an examination of results to determine whether the activities, resources and behaviors that cause them are being managed efficiently and effectively.

Management Audit : To assess the systems, methods and policies followed by an entity’s management in the administration and the use of resources, tactical and strategic planning, and employee and organizational improvement.

Stock Audit: : It is carried out on behalf of banks and financial institutions. The objective is to ensure that the security against which funds are lent by the bank is safe and valued correctly.

Due Diligence : We assist clients in conducting financial, legal and accounting reviews in case of mergers, acquisitions and investments. A sound understanding of local laws, regulations and accounting practices enables us to vet all critical issues in detail.

Forensic / Risk Audit : Our forensic audit focuses on high risk areas and helps you strengthen your internal controls.

Payroll Outsourcing

Outsourced Payroll Processing has become the preferred practice in companies that wants to streamline payroll processes and want to focus on key business objectives. In recent years, more companies have opted to outsource payroll processing to reduce costs and in turn, enhance their profitability. Payroll Outsourcing is one of our key services. Our payroll processing services are designed to help companies reduce their costs, improve service levels to employees and manage risk. Our Payroll Processing team is equipped with latest technology to accurate process monthly payroll of varied complexity for our clients across industry verticals. By outsourcing payroll processing, companies can keep their focus on other strategic operations and can ensure that their administrative matters are in trusted hands.

Our Payroll Processing services include:

One Time Activities

  • Salary designing and Perks & Benefits structuring
  • Setting up Employee Masters and Rules
  • Data Migration from old to new System
  • System Testing and Parallel runs
  • Provident Fund (PF), Professional Tax and Employee State Insurance (ESI) Registrations

Recurring Activities

  • Monthly Payroll Processing
  • Monthly Salary slips distribution
  • Data Migration from old to new System
  • TDS calculation and payment, TDS returns filing
  • Employees query management
  • Filling of PT, PF and ESI.

Annual Activities

  • Income Tax projections
  • Form 16 & 12BA, Salary Certificates
  • TDS Projections
  • Investment Advisory on Tax Planning to employees

Reports and MIS

  • Salary Registers
  • Leave Reports
  • Income Tax computations
  • TDS computations
  • Full and Final Settlement Report
  • PF & ESI Report.

Regulatory Compliance

These services are primarily targeted at SMEs, who want to have an Independent and professional support in the Regulatory compliance on a support model basis.

Income Tax Returns

  •  Corporate Tax:
    Corporate tax is a tax levied on profits earned by various entities. Companies registered under Companies Act or any other act for the time being in force are obligated to pay such tax at a rate specified by Income Tax Act, subject to changes in rates from time-to-time. We assist organizations in corporate tax returns filing, advising on tax planning opportunities, tax compliances, opinions and representations.
  • Personal Tax:
    Apart from tax paid on business earnings, tax paid on one’s personal income is termed as personal tax.We manage tax computation for tax withholding, advance tax self-assessment tax and tax filings.

TDS (Withholding Tax) Compliance

Including monthly compiling of TDS from clients records, timely deposit of taxes, filing of quarterly e-TDS returns and Issuance of Annual certificates to Vendors

Goods & Service Tax (GST) Returns

We AccounTaxman., are providing regular routineworks under GST laws. Some of them are

  • Filing of monthly and quarterly GST returns and annual compliance return.
  • Assistance in deposit of GST to electronic cash ledger
  • Consultancy on GST on regular basis
  • Refund of GST from GST Department
  • Bond and Letter of Undertaking (LUT) related work for Exporters

Professional Tax Return

Professional Tax is a tax levied on professions and trades in India. Professional Tax is one such tax which differs from state to state. It is levied and collected by the State Government at various slab rates on every individual who earns his livelihood by the way of profession, trade, calling or employment. It is restricted to a maximum limit of INR 2,500

PF and ESI Returns

AccounTaxman as one of the most leading ESI PF Consultant in Bangalore Providing Monthly basis Services as ESI &PF Consultant.

ESIC – ESI return must be filed monthly by all persons and entities having a ESI registration. ESI contributions must be made by the employer for all employees having a salary of less than Rs.21,000 per month. The employer must contribute 4.75% and employee must contribute 1.75% of the wages for ESIC. Due date for payment of ESIC is 15th of the Following month.The return filing date of ESIC will be 11th of May & 11th of November i.e. Half yearly.
PF – All employers having PF registration are responsible to file returns on a monthly basis. The filing of returns must be completed by the 25th of each month. Further, a final PF return is due on the 25th of April for the year ended on 31st March. Due date for payment of PF is 15th of the Following month.

Factories Act compliance

The Factories Act Compliances began with the setting up the plant and the hours of labour and sanitation, age of commencing work, protection against accidents, mealtimes and holidays, the methods of remuneration, to the rate of wages and how often a work space must be lime washed. The Factory Inspectors may examine workspace time-to-time and may impose fines in case of violation of any labour laws and regulations.

Labour Law Compliance

Employment Laws has always been a complex matter of balancing the rights and obligations that employers and employees have towards each other.
Labour Law primarily focused on safeguarding the protection of the rights of employees in India. It regulates companies, workers as well as trade unions through several compliances towards securing the rights of the workers and labour at large. However, labour law compliances are imposed by the State as well as the Central Government. Abiding to Labor Law compliances is essential for every big and small company to keep their businesses safe and secured from any legal trouble.

  • Laws Relating To Wages In India
    1. Minimum Wages Act, 1948
    2. Payment of Wages Act, 1936
    3. Payment of Bonus Act, 1965
  • Laws Relating To Total Security In India
    1. Employees Provident Funds and Miscellaneous Provisions Act, 1952
    2. Employees’ State Insurance Act, 1948
    3. Labour Welfare Fund Act (of respective States)
    4. Payment of Gratuity Act, 1972
  • Laws Relating to Working Hours, Conditions of Service and Employment
    1. Factories Act, 1948
    2. Industrial Employment (Standing Orders) Act, 1946
    3. Shops and Commercial Establishments Act (of respective States)
    4. Contract Labour (Regulation & Abolition) Act, 1970
    5. The Employee’s Compensation Act, 1923 (formally known as “The Workmen Compensation Act, 1923”)
    6. Inter-state Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979
    7. Weekly Holiday Act, 1942
    8. The Plantation Labour Act, 1951
    9. The Mines Act, 1952
  • Prohibitive Labour Law
    1. Bonded Labour System (Abolition) Act, 1976
    2. Child Labour (Prohibition & Regulation) Act, 1986
    3. Sexual Harassment at Workplace (Prohibition, Prevention and Redressal) Act, 2013

IEC Code Registration 

IMPORTER EXPORTER CODE ( in short IEC ) is a ten digit number granted by Directorate General of Foreign Trade under Ministry of Commerce and Industry, to any bonfide person/ company for carrying out import/export.

MSME or Udyog Aadhaar Registration

Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy. MSMEs not only play a crucial role in providing large employment opportunities but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.MSMEs need assistance and help from the Government as they are not equipped with technology and resources like big companies. Hence, the government provides schemes, incentives and rebates to this sector of the economy.
AccounTaxman Bangalore help the entities to obtain new registration, amendment of existing registrations, consulting on benefits, etc. Our team is well versed with MSME matters. In case, you need these services, we would be glad to assist you

Company Law and Secretarial Compliances (ROC)

We are a professionally managed Corporate Compliance Advisors who provide services such as Incorporation of New Private/Public Limited Company/ Limited Liability Partnership or LLP/One Person Company or OPC, etc.

We also assist you in other compliances like e-filing of ROC annual returns, appointment/resignation of directors, creation/modification/satisfaction of charge, change of place of registered office, winding up of a company, compliance certificate of Company Secretary, Company Secretarial Audit etc.

Annual return consists of information and documents that include the Balance Sheet of the Company, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Member, Shares and Debentures details, Debt details and information about the Management of the Company. The annual return would also disclose the shareholding structure of the Company, changes in Directorship and details of transfers of securities. Our advisors can help file your Company’s annual return in India

Risk Assessment

Due diligence of direct tax exposures and reporting thereof for accounting provisions

Regulatory compliance audits

Covering payroll, labour matters, direct taxes etc. (This is designed as per the regulations applicable to each client).

Digital Signature Certificate

We provide DSC to you at much Cheaper cost in comparison to other vendors. Our Service is Fastest in all over India and we provide DSC in just 2 Hours in case of hurry. We Provide Digital Signatures of all certifying authorities like emudhra, Sify, n-code as per the convenience of the customer.You can obtain Digital Signature Online for Class 3 Digital Signature, Class 2 Digital Signature, DGFT Digital Signature, Digital Signature for E tender, e procurement, For Provident fund, For Income Tax, Form ROC (MCA) and For Trademark etc.

Financial & Banking Consultancy

1. Home Loan

A Home Loan is a secured loan product where the lender provides finances for the purchase or construction of a residential/commercial property. One can also avail a housing loan to buy a plot of land and construct on it. Home Loans are also issued to extend/ repair/ renovate/ alter a new or second-hand property. The Home Loan is taken by a borrower against the property/security to be bought. This is done by giving the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property.
Most lenders get the property valued independently and provide loans based on their estimated value. It is important to remember, however, that frequently their valuation is significantly lower than the actual cost and hence the requirement of the borrowers goes up. Home loans in Indian Banks are provided up to maximum of 80% (90% for loan amount below INR 20 lakhs) of the value of the house. Home loans are repaid using Equated Monthly Installments (EMIs) spread over a fixed tenure

Types of Home Loan in India

Owning a plot or home is the dream of every man. It also provides financial stability as well as emotional security. In India, there has been great demand for loans from the very start. Several companies that work under many banking sectors are helpful in providing faster approval of loans. When it comes to loans there are many categories that includes:

a)  Home Construction Loans

Home loans are given to those people who are likely to build a new house in the way they desire instead of buying a property that has been already constructed. The process in which home construction loans are obtained is slightly different from that of the common loans provided for housing. When applying for home construction loans the borrower must have an idea of the cost that will incur and apply for the loan accordingly. House construction loans in most cases are easy to obtain once the borrower provides the necessary documents to support his claim.

b)  House Purchase Loans

One of the most popular and commonly availed loans would be home purchase loans. These loans are used when a person buys a property from another owner. It is also necessary to take adequate care in buying properties from another owner. The loans are given on both fixed and floating interests or even as hybrid loans. These kinds of hybrid loans are the ones which include floating interests and fixed interests combined in an ideal way. Almost all the banks give out home purchase loans. This loan includes a little elaborate process when compared to home construction loans.

c)  House Improvement Loans

House improvement loans are those that are provided when a property has to undergo renovations and other repair works. The kind of expenses that are covered under this includes painting works, repair works both internally and externally, electrical work, plumbing works, waterproofing the house and also when constructing underground tanks or overhead tanks.

d)  NRI Home Loans

For the application of NRI loans the applicant must be of a minimum age of 25 years and the age limit would 60 years. The applicant must be working abroad at least for a period of 1-3 years. Only a person holding a degree of diploma, graduate, post graduate or any kind of professional degree is eligible. The loan is provided for a maximum of 20 years of tenure and no loans will be provided for office premises.

e)  House Extension / Expansion Loans

Expansion or extension loans for homes are given out when people tend to expand or extend their present house. This includes addition of an extra bedroom, living room, a bigger bathroom or a new floor or a space for balcony. It is nothing but the modification in the structure of a house.

f)  House Conversion Loans

These are the loans that are provided to such people who wish to move into another home with the existing loan. If incase the person wants to move into a new place they have an option of moving by paying some extra amount or pre-payment on the prior loan. When this is done there is no need of paying loan for the previous home.

g)  Land Purchase Loans

As the name itself mentions, land purchase loans are provided in order to buy lands or plots. These loans are provided for both investment purpose and also residential or housing purpose. The banks provide upto 85% loans when purchasing a plot or land. These loans are mostly taken in order to build a house.

2. Personal Loan

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, Children’s Education, Medical Emergencies, Wedding Expenses, Home Renovation, Starting a Business or in any event, for shutting some other Financial Liabilitiesor a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically, personal loans range from Rs. 50,000 to Rs. 20 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time.

Apart from the rate of interest banks also charge some fees which are usually of two types. Once when you are applying for the loan and once when you are pre-closing the loan. The fees when charged at the time of processing called as Processing Fees vary from 2-3% of the loan amount. This could be reduced if you have the ability to bargain. the second charge is the prepayment penalty paid at the time of pre-closure. This too varies from 2 – 3 %. Similar to processing charges, you can also try to get this fees reduced.

3. Business Loans

Financial Flow is the life blood of any successful organisation. Most businesses will need a large amount of working capital to start up a new business or enable the rapid growth of an existing business. Scaling up always requires a influx of finances.

Which is why, we go to all lengths to ensure that we can disburse a loan that can help you take your business to the next level. Business loans are very special to Andromeda and we have been helping our customers scale to new heights of success by helping them finance their dreams for their enterprises.

While a personal is given on a personal capacity and income, a business loan is given based on company’s income and capacity and is given in the company’s name.

Business loans are categorized broadly into following 2 segments

a)  Unsecured business loans

3 year term loan for proprietorship, partnership, private limited companies and limited companies based on a sound balance sheet

b)  Secured business loans

Working capital funding in rupees as well as foreign currency for proprietorship, partnership, private limited companies and limited companies

We create Small business to Medium Business and Medium business to large business and large business to Large Corporate

Fund based

a)  Fund based

  • Overdraft
  • LAP Over
  • Draft(Fixed/floating)
  • Cash credit
  • Term loan(Fixed/Floating)
  • Working capital Term loan

b)  Non Fund based

  • Letter of Credit
  • Letter of credit backed bill discounting
  • Secured / Unsecured bill discounting
  • Export Packing credit/ Packing credit in
  • Foreign currency
  • Buyers credit

Features of business loans

  • All kind of business such as manufacturers, traders, importers & Exporters, service providers
  • Quick process based on turnover and less documentations
  • Loan varies by fund based and non fund based
  • Business loan minimum 1crore and above
  • Easy installments and competitive rate of interest
  • Flexible repayment tenure
  • Take over existing loan with additional finance limit and restructuring.

Societies & Trust (NGO)

Charity begins at home and has countless ripples that affect the societies and communities at large. Whether it is a trust managed by a few people or a large section of the society, our services provide the best financial advice and services. Trust and societies form a pivotal pillar of the economic structure of the country, hence it is our duty to ensure that your organization stands on a strong and sustainable economic pillar.

  • Formation of Society, Trust & Section 8 Company
  • Registration U/s 12AA and 80G of Income Tax Act
  • Registration under Foreign Contribution Regulation Act (FCRA)
  • Filing of Returns under Foreign Contribution Regulation Act (FCRA)
  • Consultancy in above matters

KPO-Accounts & Tax Outsource Services

AccounTaxman offers industry recognised finance & accounting services outsourcing solutions that support end-to-end functions of accounting.

Outsourcing Accounting Functions to professionals yield powerful benefits. Accounting function is not the core activity of every organization. It is always beneficial for any organization to outsource their non core functions to third party so that they can focus on their core activities and reduce costs. We have a team of qualified and experienced accountants who are dedicated to this service. They adhere to the highest standard of excellence and professionalism. Our services include: –

1. Bookkeeping

  • Accounts Payable (Vendor Bills and Payments)
  • Accounts Receivable (Customer Invoices and Collections)
  • Reconciliations (Checking and Credit Cards)
  • Revenue Reconciliation with Bank Deposits
  • Electronic Document Management

2. Controller Services

  • Cash Flow Preparation & Forecasting
  • Fixed Asset Management
  • Yearly Budget Preparation & periodical analysis
  • Costing, MIS Reports Preparation
  • Preparation of financial statements

3. Accounting System & Integration

  • Accounting Software Selection and Implementation
  • Data Entry and Conversion Services
  • Integration with Third-Party Applications like Payroll, Time Management, Billing etc.
  • Local and Remote Application Hosting

4. Accounts Payable

a)  P2P (Purchase to Pay)

  • Create Requisition
  • Create PO
  • PO authorization
  • Sending authorized
  • PO to the requester
  • Receipt of Invoice
  • Invoice approval
  • Posting of Invoices in the accounting system
  • Pay the invoices

b) Supplier Reconciliation

c) Payment Process

d) Handling Supplier calls

5. Accounts Receivable

a) O2C (Order to Cash)

  • Quote Order
  • Process Order
  • Fulfill order
  • Invoice customer
  • Receive and apply cash
  • Manager credit and collections.

b) R2R (Record to Report)

  • Risk management
  • Budgeting & forecasting
  • Management Reporting & Analysis
  • General accounting & reconciliation

About Us

We are the professional of having a team of Qualified and semi Qualified personnel’s, well trained proficient &dedicated Employees. We are equipped with the most modern and sophisticated infrastructure to fully comply with the all aspects of financial challenges

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No 35/38, First Floor, Dr. RajKumar Road, Near Planet Honda Service Station, Rajajinagar, IV N Block Bengaluru, Karnataka 560010

+91 994 519 4445

info@accountaxman.com