CFO Services
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CFO Services

CFO services is relevant to high growth companies that range from a start-up to mid-sized company, while the Finance effectiveness service is useful to mid to large Indian/Multinational Companies.

We work with companies to plug the wide gap that exists between the 'demand' for high quality finance services and the inadequate 'supply' of such services at the right levels of ownership, quality, timelines and more importantly that aligns with the company's vision/plans.

We offer a range of expert, high end financial services in the areas of preparing for a fund raise, developing business plans, implementing systems and processes, implementing budgeting systems, comprehensive financial health check-ups, due diligence, cash flow planning, cost management, exit strategy, investor relations, turnaround management, and many more. Our clientele includes start-ups, family-owned businesses, PE funded ventures, public companies and multinationals.

An Affordable Alternative to a Full-Time CFO

✤ Provide CFO Services  - abilities that the vast majority of business owners don't possess -  but often needed them in order to succeed.

 Access to an experienced financial team of professionals - At a fraction of the cost of a full-time CFO.

 Handle all the duties of a traditional CFO, but work remotely and on a part-time basis.

 Can scale up & down with the need of the client.

 Implementation & Result Oriented
         - Hands-on partner
         - Operational & Practical
         - Ownership model

 Monitor the financial health and well-being of the business.

 Offer financial insight and guidance on all company decisions and issues.

 Provide back-office functions such as:
         - Managing accounts ledgers, depending on the client and their needs.
         - Creating budgets and forecasts.
         - Pinpointing problem spending by highlighting trends in the market.
         - Validating or discouraging business decisions with financial well-being in mind.

Accounting Firm Services

Tailor-made accounting systems to take care of your administration needs while letting you focus on growing your business.

Payroll

✤ Employment Contracts

 Monthly Payroll Processing.

✤ Monthly Calculation, Registration, Payment – Payroll, Income Tax, Social Insurances.

 Salary and Compensation Structuring for Domestic and Foreign Employees.

 Reconciliation of statutory payments/deductions with books of accounts on a quarterly basis.

 Issue of Form 16

MIS

✤ Customized MIS development

 Business plan, budget & forecast

✤ Reporting packages

       - Monthly Financials

       - BOD meetings

       - Investor meetings

       - Consolidation reports

Accounting

✤ Managing Accounts Receivables and Payables.

 Accounting as per US & local GAAP/IFRS

 Preparation of Balance Sheet, Trial Balance and Profit & Loss Account

✤ Banking (Indian/International)

 Accounts and Ledger Maintenance

 Cash Flows and Budgeting

 Bank Reconciliations

 Treasury & Cash Management

Other Services

✤ Statutory Audit under Various Statutes

 Internal Audit & Management Audit

✤ Forensic Audit & Litigation Advisory

 Standard Operating Procedures- Drafting & Revamping.

 Internal Finance Controls (IFC)

 IT Review & Assessment of Controls

 Compliance reviews & support.

 Fraud Investigations, Risk Assessment, Detection & Mitigation

 Asset /Inventory verification, reconciliation & registers

Secretarial Services in India

The Companies Act 2013 has given birth to a new era of corporate governance that requires more transparency. The new law has introduced international practices and increased the regulatory as well as disclosure requirements. In case of default by companies, the amended law has stricter punishments which have made it mandatory to follow the regulations without fail.

Mandatory Compliances

✤ ROC Compliances

 RBI Compliances

✤ Company Annual Filing

Event-Based Compliances

✤ Alteration of MoA/AoA

 Issue/Allotment of Shares

✤ Alteration in Authorized Capital

✤ Appointment and Resignation of Directors

 Change of Registered Office

✤ Transfer of Shares

 Private Placement and right issues

 Valuation Services including 409A valuation

 Start up, Trade-Mark & MSME Registration

 Due Diligence

Update of Records

✤ Maintenance of Statutory Register

 Printing of Share Certificate

 Conducting in-person board meeting

✤ Preparation of Minutes

 Drafting the agenda for shareholder and Board meetings

 Preparation and maintenance of secretarial records

Other Services

✤ Expert Advisory on Companies Act 2013 / Rules / Secretarial Standards

 Preparation and Filing of Statutory Forms

✤ New Company Registration and Winding-Up of Existing Company

 Continuous Legal Updates

 SOX and other certification services

 Representing firm to regulators

 Structuring/Restructuring - Acquisition, disposal, merger, spin-off, capital reduction, share-buyback

Direct & In-direct Taxes

The taxation system in India comprises of a plethora of laws, rules and regulations. This is why taxation services in India cover an extensive gamut of tax-related provisions required on state and central levels. It can get quite complex for someone from a non-tax background to interpret these rules and apply for their business.

Transfer Pricing

✤ Transfer Pricing Planning

 Transfer Pricing Study

✤ Transfer Pricing Accountant Certificate

✤ Compliance and Documentation

 Controversy Resolution

✤ Managing Risk

✤ Integrated Tax Planning

International Tax Services

✤ Supporting to understand DTAA

 Consultancy on Withholding of Taxes

 Advising on DTAAs between India and other countries

✤ Expatriate Taxation

Event-Based Compliances

✤ Dealing with Capital Gains tax and advising on tax planning

 Helping in scrutiny cases

✤ Counseling and appearing before tax authorities

✤ Litigation Assistance

 Income Tax Audits

Other Services

✤ M&A Tax Services

 Litigation Advisory

✤ Assessments

✤ Income Tax Return filing – Corporate & Individuals

 Dealing with Capital Gains tax and advising on tax planning

✤ Helping in scrutiny cases

✤ Counseling and appearing before tax authorities

✤ Form 15CA and 15CM

In-direct Taxes

✤ GST Registration

 Monthly / Annual GST return Calculation & Filings

✤ Withholding Tax / TDS Calculation & Deposit

✤ Withholding tax / TDS return filings

 Issue of Withholding tax Certificate

✤ Litigation Management

 Counseling and appearing before tax authorities

US Service Offerings

One-time Setup (Incorporation of Entity)

✤ Initial tax consultation session with experts [CPAs, EA’s & CA’s]

 Company Formation [LLC, C Corp, S Corp, Partnership]

✤ Drafting & filing of legal documents with the State- Articles of Incorporation, Operating Agreement, Notice of Stock Issuance, Bye Laws

✤ State Filing

 Registered Agent Services [1 year]

✤ Unique Business Address [1 Year]

✤ Tax ID for your business (EIN)

 Assistance in US Bank Account opening

Annual Reporting

✤ Annual Report/ Franchise Report and Franchise Tax Calculation and Payment/ Company Renewal

 Renewal of Registered Agent Service & Virtual Business Address

✤ 1099NEC/MISC filings for the year

Annual Tax Compliances – Tax Filings

✤ 1040 - U.S. Individual Income Tax Return with 5471/5472/1118/ 8938, etc.

 1040 NR - U.S. Non-resident Alien Income Tax Return

 1120 – U.S. Corporation Income Tax Return with 5471/5472/1118/ 8938, etc.

✤ 1120S - U.S. Income Tax Return for an S Corporation

 1065 - U.S. Return of Partnership Income

 1120 Pro-forma return & 5472 – Reporting by a foreign-owned, U.S. – based disregarded entity (DRE)

 FBAR filing

Other Services

✤ Additional On-Call Advisory

 Review of Tax Expense - Calculation and review of tax provisioning as per the requirements of US GAAP

✤ Payroll: Handled via ADP and Gusto

Process Improvement

 Develop & implement Internal finance controls

         - Identification of Associated Risks
         - Preparation of Process Risk and Control Matrix (PRCM)
         - Identify the key controls in all the processes and document in PRCM
         - Identify the design gaps in business process controls
         - Doing the Design effectiveness Assessment (DEA) of the existing test to check if those are properly designed to mitigate the risk
         - Identification of control gaps where there is gap in existing controls and / or there are no controls
         - Assisting in designing of New controls for the processes having gaps
         - Doing Operating Effectiveness Testing (OET) of the controls – Sample testing
         - Preparing a report on OET gaps for management review
         - Agreeing on action plan with management on the control gaps identified
         - Follow-up on action plan to check if all actions has been implemented

 Identification of GAPS in existing accounting software and find a possible solution

 Improvement in existing business processes

 Cost controls

✤ Ind AS Implementation

 Assist in ERP implementations