Book Keeping&Financial Accounting
Recording of financial transactions in a proper manner related to the business operation of an entity is known as bookkeeping. Bookkeeping is the permanent recording of financial transactions in a proper manner in the books of accounts of an entity so that their financial effect on the business of entity can be seen.
Auditing
Financial auditing is the process of examining an organization's (or individual's) financial records to determine if they are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws.
MANAGEMENT Information System (MIS Reports)
MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations. Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analyzing different aspects of business.
In general, the accounting will give a broad perspective on the financial position of a company like a record of all incomes, expenditures, assets and liabilities in its possession.Thus MIS report provides information on the day to day accounting activities, help to make business decisions and track the progress of the business. Business managers at all levels of an organization rely on these reports.This kind of administrative reporting is used by all kinds of businesses whether small or large and in every industry as it gives specific information to the management.
Payroll Services
A basic payroll service will collect wage and hour information from the employer and use that information to calculate gross wages, subtract all pertinent withholdings and deductions, print checks, make direct deposits and prepare all employment tax filings. The service will also mail out W-2 and 1099 forms and resolve any inquiries from the IRS or other government agency.
Tax Accounting
Tax accounting refers to the methods and policies used for the preparation of tax returns and other statements needed for tax compliance and therefore, it provides frameworks and guidelines for arriving at a taxable profit.Tax accounting is pivotal to any business or individual as it provides a framework to declare the correct income and pay appropriate taxes. In case of ambiguity, a tax professional should be consulted to avoid any miss in tax compliance as there are fines and penalties for tax defaulters.
Tax Planning, Consultancy & Management
Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency and manage wisely. We guide you for effective management of accounts and reduction of tax liability and thereby maximizing the savings and contributions for future ventures.
