Bizconsulting

Book Keeping & Return Filing

Bookkeeping, Tax Filing & Payroll

Efficient bookkeeping, accurate tax filing, and timely payroll management are essential for the financial health of any business. These services ensure smooth financial operations, regulatory compliance, and enable businesses to focus on growth.

Consultation

  • Book Keeping Services
  • Tax Filing Services
  • Payroll Services
  • Experienced Professionals

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Key Accounting Services Offered

  • 1. Bookkeeping Services

    • Description: Comprehensive bookkeeping services involve the daily recording, categorization, and reconciliation of financial transactions. This includes accounts payable and receivable management, ledger maintenance, expense tracking, and monthly financial reporting.
    • Benefits: Accurate and up-to-date financial records provide clarity on cash flow, support informed business decisions, and simplify the tax preparation process. Consistent bookkeeping helps identify trends, optimize spending, and maintain transparency in financial operations.

    Key Bookkeeping Services: – Data entry for daily financial transactions – Accounts payable and receivable tracking – Bank and credit card reconciliation – Expense categorization and reporting – Preparation of monthly, quarterly, and annual financial statements

    2. Tax Filing Services

    • Description: Tax filing services ensure accurate and timely preparation and filing of tax returns, including income tax, Goods and Services Tax (GST), TDS (Tax Deducted at Source), and other applicable taxes. This service includes calculating tax liabilities, identifying deductions and credits, and handling all necessary documentation for filing.
    • Benefits: Professional tax filing reduces the risk of errors, minimizes the chance of audits, and helps businesses maximize eligible deductions. Staying compliant with filing deadlines helps businesses avoid penalties and maintains a good standing with tax authorities.

    Key Tax Filing Services: – Preparation and filing of income tax returns (ITR) for businesses and individuals – GST compliance, including registration, monthly and annual return filings, and GST audits – TDS compliance, including deduction calculation, quarterly return filings, and issuing TDS certificates – Tax planning and advisory to optimize tax liability – Assistance with tax notices, audits, and disputes if needed

    3. Payroll Services

    • Description: Payroll services include calculating and processing employee salaries, handling deductions, managing benefits, and ensuring compliance with statutory requirements such as Employee Provident Fund (EPF), Employee State Insurance (ESI), and Professional Tax. Services also include generating payslips, managing payroll taxes, and ensuring timely deposits.
    • Benefits: Outsourcing payroll ensures that employees are paid accurately and on time, reduces administrative workload, and ensures compliance with labor laws. It also helps businesses stay organized, minimizing risks related to payroll tax errors and penalties.

    Key Payroll Services: – Salary computation and processing, including overtime, bonuses, and allowances – Calculation and management of payroll deductions (EPF, ESI, TDS) – Preparation and distribution of monthly payslips – Filing of payroll tax returns and regulatory compliance – Management of employee benefits and year-end payroll reporting

Benefits of Professional Accounting Services

  • Accuracy and Compliance: Ensure compliance with regulatory requirements, reducing risks associated with penalties and audits.
  • Time and Cost Efficiency: Streamline financial processes, saving businesses time and reducing the need for in-house resources.
  • Enhanced Decision-Making: Comprehensive financial records and reports enable better business decisions and financial planning.
  • Employee Satisfaction: Timely and accurate payroll processing improves employee satisfaction and retention.
  • By offering a comprehensive approach to financial management, bookkeeping, tax filing, and payroll services support the smooth functioning of business operations, helping companies focus on core growth initiatives while staying financially compliant.

How we do it?

A Simple Process. Pro-assisted E-filing your ITR is simple. It all starts with your commitment to a fully

complied ITR track record to avoid any hassle in the future.

Choose the most suitable Plan

Submit relevant documents

Consulting with Our Experts

Key Accounting Services Offered

  • Bookkeeping
    • Transaction Recording: Maintaining accurate records of all financial transactions, including sales, purchases, payments, and receipts.
    • Bank Reconciliation: Regularly reconciling bank statements to ensure consistency and accuracy in financial records.
  • Financial Statement Preparation
    • Balance Sheets: Compiling a detailed statement of assets, liabilities, and equity to provide a snapshot of the company’s financial position.
    • Income Statements: Creating profit and loss statements to track revenue, expenses, and profitability over a specific period.
    • Cash Flow Statements: Monitoring the inflow and outflow of cash to assess the company’s liquidity and financial stability.
  • Tax Planning and Compliance
    • Tax Preparation: Preparing and filing accurate tax returns to meet federal, state, and local tax obligations.
    • Tax Strategy: Developing effective tax strategies to minimize liabilities and take advantage of available deductions and credits.
  • Payroll Services
    • Payroll Processing: Managing employee payroll, ensuring timely and accurate salary payments, and handling payroll taxes.
    • Compliance: Ensuring adherence to labor laws and regulations, including benefits administration and wage reporting.
  • Audit and Assurance
    • Internal Audits: Conducting thorough reviews of internal processes and controls to identify areas for improvement and ensure compliance.
    • External Audits: Preparing for and assisting with external audits to verify financial accuracy and integrity.
  • Budgeting and Forecasting
    • Budget Development: Creating realistic budgets to guide financial planning and resource allocation.
    • Financial Forecasting: Analyzing market trends and business performance to predict future financial outcomes and guide strategic planning.
  • Consulting Services
    • Business Advisory: Providing expert advice on financial management, risk assessment, and growth strategies.
    • Performance Analysis: Evaluating financial performance to identify strengths, weaknesses, and opportunities for improvement.

Key Accounting Services Offered

  • Bookkeeping
    • Transaction Recording: Maintaining accurate records of all financial transactions, including sales, purchases, payments, and receipts.
    • Bank Reconciliation: Regularly reconciling bank statements to ensure consistency and accuracy in financial records.
  • Financial Statement Preparation
    • Balance Sheets: Compiling a detailed statement of assets, liabilities, and equity to provide a snapshot of the company’s financial position.
    • Income Statements: Creating profit and loss statements to track revenue, expenses, and profitability over a specific period.
    • Cash Flow Statements: Monitoring the inflow and outflow of cash to assess the company’s liquidity and financial stability.
  • Tax Planning and Compliance
    • Tax Preparation: Preparing and filing accurate tax returns to meet federal, state, and local tax obligations.
    • Tax Strategy: Developing effective tax strategies to minimize liabilities and take advantage of available deductions and credits.
  • Payroll Services
    • Payroll Processing: Managing employee payroll, ensuring timely and accurate salary payments, and handling payroll taxes.
    • Compliance: Ensuring adherence to labor laws and regulations, including benefits administration and wage reporting.
  • Audit and Assurance
    • Internal Audits: Conducting thorough reviews of internal processes and controls to identify areas for improvement and ensure compliance.
    • External Audits: Preparing for and assisting with external audits to verify financial accuracy and integrity.
  • Budgeting and Forecasting
    • Budget Development: Creating realistic budgets to guide financial planning and resource allocation.
    • Financial Forecasting: Analyzing market trends and business performance to predict future financial outcomes and guide strategic planning.
  • Consulting Services
    • Business Advisory: Providing expert advice on financial management, risk assessment, and growth strategies.
    • Performance Analysis: Evaluating financial performance to identify strengths, weaknesses, and opportunities for improvement.

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