Accounting and Book Keeping
In the initial phase of any company, its not worthwhile to have entire accounts function on payroll due to various constraints such as place of business, financial and economic view point.
Our accounting team has been trained to handle any sort of volume and devise the accounts function for the client starting from developing the chart of accounts, developing the SOPs, effective implementation of GAAP, IFRS etc. Our accounting team is also equipped with the latest accounting and tax tools to provide all round, 24 X 7 MIS to the management.
Depending upon the client requirement we also provide part/full time accountants to the organization who are able to ensure updated book keeping as well as cater to the tax, accounts and finance functions.
Audit and Assurance
The world has witnessed revolutionary change the way system generates data. Every business has also witnessed a paradigm shift in the way business is undertaken due to such change. More so, the advanced development in the field of communication and technology has not only posed a challenge to the businesses but also created opportunities for them. The speed and the certainty at which data can be processed is incredible. In such scenario, it is more important to vouch for the accuracy of data. Further, the regulations in India are ever changing tightening the way compliance and reporting is undertaken by the corporates.
Due to the varied sector specific experience of handling clients and end-to-end involvement of each of the partner and senior members of the firm, the audit methodology of the firm is able to keep a pace with the dynamic world in which we operate.
Tax Advisory and Compliances
Tax environment, especially in India is ever changing and more complex compare to other parts of the world. Though, various efforts have been made by the Government to simplify and make it more workable, but the State and Central agenda vary in terms of tax policies.
Many a times, businesses have to change their procurement, distribution and sales strategy due to sudden change in tax framework. The Government of India, every year present an Economic and Revenue budget with many changes in tax proposals including Direct and Indirect taxation. Businesses have no choice but to remain agile in terms of keep on adjusting their strategies.
With a change in TDS/TCS provisions, Personal and Corporate taxation, Appeals and faceless Assessment provisions in Direct tax and GST, Customs and Foreign Trade Policy in Indirect tax, it utmost necessary to review the tax positions adopted by the company. We also provide our advice from cross border tax perspective such as international taxation, PE or POEM stand point and on transfer pricing related issues.
We at SSPK along with our team of agile professionals keep abreast with the changes happening in the tax world. Our team respond to the tax changes rapidly by interpreting the change in law and also putting the same in to execution.
Business Advisory
Apart from contractual and commercial considerations, there are always accounting, tax and regulation impacts that one has to consider while executing any transactions.
Tax impact on particular transaction, Mergers & Acquisition, Startup advisory, International inbound or outbound tax assistance, due diligence and health check is few of our bouquet of services that we provide to our clients.
Our expert team of professional not only provides the implementable advisory but also ensure end-to-end smooth implementation of the solution.
We also engage with client strategic planning, feasibility study, contracts review for efficient business structuring.
Secretarial Services
India has complex regulatory environment that governs India businesses which are related to Corporate Law compliances, FEMA, RBI, SEBI, FIPB, DIPP, SEZ compliances.
At SSPK, our panel of expert people cater to all such compliances on a prescribed periodical basis. This also results from decisions like change in business model, inbound/outbound investment, foreign remittances, setting up of liaison office/branch office of foreign entity etc. Our team leveraging the relationship with various authorities are able to provide implementable solution to the client.
Apart from the aforesaid we also provide corporate law retainership service catering to day-to-day needs of business houses.
Tax Litigation
It is hard truth that every tax position that the company takes are not litigation free. Further, litigation management is the key to success. The company can effectively manage the issues appropriately by following steps:
- In-depth analysis of the issues, understanding the industry issues before hand
- Formulating the tax efficient strategy
- Compiling the documents and evidences in online as well offline mode
- Understanding the routine enquiries, show cause notices, summons and order passed by the tax authorities
- Preparation of replies to communications received from the tax authorities duly supported by the documentary evidences and ensuring the submission on time
- Appearing before the tax authorities to offer detailed explanations and representing the matter on merits with the support of relevant judicial precedents
- Liasioning with the tax authorities for finalisation of the matter and obtaining the order
- Advising the clients in the way forward upon receipt of order
Our experienced team leveraging the knowledge devise the litigation policy well in advance. We believe that half the battle is won, when the planning is done appropriately and well in advance. Our experts are assertive and best negotiator when it comes to litigation.
We also review the existing litigation and devise policy to strengthen the case.
