N.N.Patel & Associates

Services

OUR SERVICES

Every business has to maintain its financial records in a proper way in order to see the correct financial position.Accounting is the core function of record-keeping in any business, which helps in representing the correct and accurate results of the finances of a company. We can help you deliver reliable and timely books of accounts.

Each corporate financial reporting framework is framed by following the Generally Accepted Accounting Principles (GAAP). We carry out  in-depth evaluation of your books and ensure that they comply with various accounting standards and are updated as per the latest amendments .Our services include bookkeeping, monthly management reporting, finalization of books.

Ever-changing nature of the legal landscape and the frequent amendments in laws, we are able to leverage our knowledge bank to advise our clients on complex accounting issues arising due to intricate situations and various business deals of the clients.

A company’s financial statements play a critical role in building trust among stakeholders. Therefore, all your financial statements must be compiled by experts whom you can rely on. We prepare and report Monthly/Quarterly/Half Yearly financials for your company.

Statutory Audit is a mandatory requirement. To comply with applicable rules, regulations and the entity-specific framework, we prepare audit reports which are in line with the entity-covered regulator.

Tax Planning requires diligent professional knowledge and in-depth understanding of the business. Our highly skilled team assists organizations with all the necessary tax compliance and timely submission of tax audit reports.

The purpose of an internal audit is to check the effectiveness and operational standards framed by an organisation. An internal audit can ensure that an organisation can secure timely compliance with law and regulations. The management can improve their operational and financial performance using the services of an internal auditor.

Bank audit is a procedure performed by an auditor appointed by RBI and ICAI to verify the financial statements of the banking institutions and to verify whether the banking concerns are following the law and compliances or regulatory framework applicable on them or not.

We provide professional services in accounting, finance, and tax due diligence such that an organization receives a comprehensive evaluation of different tax structures. Such due diligence enables the entity to make an informed decision regarding starting a new venture or taking over the business as the case may be.

With our years of experience, wehave specialized in 15CA/CB Certification, Net-worth Certification, and certification for specific needs like loans, Reserve Bank of India requirements, or government authority requirements.

Tax compliances are essential  for  any business enterprise  to sustain and grow in this  dynamic business era. We partner with businesses to assist them with our tailored services and build trust through our commitment and transparency.

Registration with tax authorities is the first step to getting recognized as an assessable entity. Various authorities across the globe have different criteria and processes for registration. Our expertise helps entities with pre-registration consultation, registration impacts, and registration formalities through proper documentation for a quick and hassle-free registration.

Our Tax Advisory Team having years of experience in handling complex matters looks after the business interest adhering to all the  taxregulations. With the right and practical tax advisory services, we also contribute towards accurate taxplanning and tax management. We have specialised in Agriculture Taxation & Tax Planning for Agro & Food Industry.

Our services help you file tax returns with utmost diligence and compliance. Tax returns include preparation & filing of Annual Income Tax Returns,Preparation & filing of monthly/quartely/ half yearly/ annual TDS & TCS returns.

Assessment is a technical part of the tax procedure for any entity. To keep the procedure seamless, we represent organizations before the appellate authority for direct taxes.

With our rich experience in handling NRI  as well as foreign entities tax matters over the years, we deliver the utmost services to our overseas clients, that includes Salary Income, Income from House Property, Business Income, Professional Income, Income from Capital Gain, Income from Royalty/ Fees for Technical Services, Dividend Income, Interest Income, Claiming of DTAA Tax credit and filing of Income Tax Returns.

For businesses that operate globally or with multiple branches, transfer pricing holds great importance. Our tax professionals analyse and interpret the effect of various Double Tax Avoidance Agreements and applicable transfer pricing methods, forms, returns and various reports directed by the authorities and assist in provision for  transfer pricing.

It is mandatory for all eligible business entities thatprovide goods and/or services to register with the Goods and Service Tax authority.

 

  • GST registration – basic requirements fulfilment.
  • HSN Code procedures for specific products and services (unique code generation)
  • GST Reconciliation Services
  • Compliance and calculation of Input Tax Credit
  • LUT (Letter of Undertaking) application in case of the goods and/or services  export
  • Appearing before  various GST authorities

Advisory for  GST Refunds

We provide consultation on different implications of  Company/LLP Law, their effects on business and provide solutions to adapt and grow in congruence with it.

We consult on entry strategy for any entity through our intense market research, forecasting, investment plans, and the competitive advantage available to the prospective company. Based on that, we assist in  documentation and incorporation of the new company or LLP .

We ensure your business adheres to various compliances under the Companies/LLP  Act. The timely compliance helps you  togarner trust among the stakeholders.

Whenever required , we represent your company/LLP  to comply with the requirements of law at  appropriate authorities.

We  identify critical areas that need attention through a holistic analysis of your organization, and we suggest solutions that help your organization leverage core strengths to achieve your long-term objectives successfully.

Each entity has a different business operation model and financial requirement, but a well  designed financial control system is a must for every industry to comply with the auditing standards . Our experienced team helps the entity  todesign the financial control system as per the internal controls that would enable the entity to optimize the funds in the best possible manner.

MIS Reports are  required by the management to assess the performance of the organization and allow for faster decision-making. Providing businesses with real time information reports on different aspects of their operations is what we aim to excel at. Information reports on performance can help businesses make strategic decisions that can help them achieve the targeted objectives successfully.

Standard operating procedures provide the policies, processes and standards needed for the organization to succeed. They can benefit a business by reducing errors, increasing efficiencies and profitability, creating a safe work environment and producing guidelines for how to resolve issues and overcome obstacles.As the business grows, the organization structure also expands, and it becomes imperative to have set rules for each business process to avoid miscommunication and adhere to industry regulation compliances. Our designed standard operating procedure (SOP) will enable the entity to achieve efficiency, the optimum qualitative output of employees, and uniformity in the performance.

We provide the following transaction advisory services for various organisations:

Business Plan

We conduct extensive market research and gather data for data mining and analytics. Based on the insights, we develop a suitable business plan that is in line with the organization’s proposed vision, mission, and financial goals. With a practical business plan, we also assist with financial forecasting. With a robust plan and calculative projections, an entity can pitch confidently to investors for funding requirements.

Project Finance

Project finance plays a vital role in every business. Irrespective of the size or type of business operations, every company seeks to streamline its corporate financing arm for optimal wealth distribution and return generation. Monitoring Corporate finance refers to activities and transactions related to raising capital to create, develop and acquire a business. It is directly related to company decisions that have a financial or monetary impact.

Business Continuity and Succession planning

In addition to accounting services, we also provide businesses with advisory services on business continuity and succession planning that help them take a contingent approach towards legacy.

Advisory on various provisions of FEMA/ RBI

We provide advisory services for foreign exchange related compliances regarding the inward and  outward remittances. Any entity attracting foreign exchange transaction has to  comply with various provisions set forth by regulatory bodies such as FEMA and RBI.

Joint Ventures / Foreign Collaborations / Franchise Agreements

With our years of experience and global activities, we plan and assist for materializing joint ventures, Foreign collaborations and franchise business for various eligible sectors in rapidly growing Indianeconomy