Accounting Consulatancy Services
What Are Accounting Consultancy Services?
Accounting consultancy services provide expert financial advice, bookkeeping, tax planning, and compliance support to businesses and individuals. These services help organizations maintain accurate financial records, comply with regulations, and make informed financial decisions.
Types of Accounting Consultancy Services
1. Bookkeeping & Financial Record Management
Recording daily financial transactions.
Maintaining ledgers, balance sheets, and profit & loss statements.
Reconciling bank statements.
2. Tax Planning & Compliance
Filing GST, income tax, TDS, and corporate tax returns.
Advising on tax-saving strategies.
Handling tax audits and disputes.
3. Financial Reporting & Analysis
Preparing financial statements and MIS reports.
Analyzing cash flow and budgeting.
Providing insights for better financial management.
4. Payroll Processing & Employee Benefits
Salary calculation and payroll processing.
Managing PF, ESI, TDS deductions.
Employee tax filing support.
5. Business Registration & Compliance
Assisting in company registration (LLP, Pvt Ltd, OPC, etc.).
Handling statutory compliance (ROC filings, annual returns).
Assisting in acquiring GST, TAN, PAN, IEC, and other licenses.
6. Internal & External Audits
Conducting internal financial audits for risk management.
Assisting in statutory and tax audits for regulatory compliance.
7. Budgeting & Financial Planning
Forecasting revenue and expenses.
Investment planning and cost reduction strategies.
Helping businesses achieve financial stability.
8. Mergers, Acquisitions & Valuation Services
Business valuation and financial due diligence.
Structuring deals for mergers and acquisitions.
Compliance with corporate laws and taxation.
Benefits of Accounting Consultancy Services
Financial Accuracy: Ensures error-free accounting records.
Tax Savings: Helps in optimizing tax payments legally.
Compliance Assurance: Keeps businesses compliant with laws.
Time & Cost Efficiency: Reduces the burden of financial management.
Better Decision-Making: Provides financial insights for growth.
Documents Required for Accounting Consultancy Services
The required documents depend on the specific service. Generally, the following are needed:
For Bookkeeping & Financial Reports
Business PAN card.
Bank statements.
Invoices & receipts.
Ledger & balance sheet details.
For Tax Filing & Compliance
GST registration certificate.
Income tax returns (ITR).
TDS details & Form 16.
Profit & loss statements.
For Business Registration & Audits
Business incorporation documents.
ROC compliance filings.
Auditor’s reports & financial statements.