Corpseed offers the following services to its Corporate Clients:
Preparation of Books of Accounts
Preparation of Financial Statement
Statutory Audit by Independent Auditor
Filing of Annual ROC Returns
Filing of Income Tax Returns
Maintenance of Statutory Registers
Corpseed has an automated MIS for preparing journal general, ledger, trail balances, bank reconciliation, profit and loss accounts, income statements, balance sheet. We offer the onsite and offsite services for preparation of books of accounts as per Indian GAAP and as per International financial reporting standard (IFRS).
In this service we undertake following tasks on the behalf of our customers:
Transactions: The accounting process starts with financial transactions, which include the sale or return of goods, the purchase of goods or supplies and the payment of salaries. It virtually all the incidences of a transaction whenever cash changes hands or the promise of payment is made.
Journal entries: When a transaction occurs, the entry is recoded in a journal entry so you can record it in the books.
Posting: After the transaction is recorded in a journal entry, it is posted to the books.
Trial balance: At the end of each accounting period, we test the books to see if they are in balance.
Worksheet: In case, errors or discrepancies are found in trial balance, a worksheet is used to figure out and solve the problem.
Adjusting journal entries: After figuring out the solutions to the errors in trial balance, adjustments to the books are made using Adjusting Journal Entries.
Financial statements: Financial statements are prepared using the corrected trial balance.
Closing: At the end of an accounting period you close the books and get ready for the next accounting period.
Under the Indian Companies Act it is mandatory for businesses to have their accounts audited by an Indian firm of chartered accountants. These audited accounts are to be filed with the Registrar of companies (‘ROC’) and, in some cases, with the Reserve Bank of India.
Businesses with an annual turnover exceeding INR 10 million (USD 150,000 approx) need to additionally have accounts audited under specific provisions of the Indian income tax laws and certified by an Indian firm of chartered accountants.
Businesses need to determine their annual tax payment and ensure its deposit under an installment plan commonly referred to as Advance Tax. Delays, deferment or incorrect calculations attract penal provisions. At the year end, an annual return together with audited accounts and tax audit report must be submitted e.g. in case of Financial Year 2018-19, advance taxes have to be deposited by June 15 (15%), September 15 (45%), December 15th (75%) and March 15 (100%). The Annual Return for this year is to be submitted by September 30, 2019 / November 30, 2019.
Businesses engaged in cross border trading need to comply with customs duty regulations. The duty varies between products. The compliance requirement includes determination and deposit of duty prior to clearance of goods by the customs authority. While basic customs duty remains, the Counter Vailing Duty (CVD) and Special Additional Duty (SAD) of customs are subsumed into GST.
Goods and Services Tax (GST)
GST is applicable on supply of goods and/or services. It consolidates the erstwhile excise duty, service tax, central and local VAT, amongst others. Compliances include deposit of taxes and filing of monthly / quarterly returns.
Businesses in India need to comply with secretarial matters specified under the Indian Companies Act and report to the concerned ROC. This may include
Change in director / authorized representative
Maintain board minutes, statutory registers
Annual return to ROC
LABOUR LAWS (Provident Fund/ESI)
An employer needs to consider the impact of Provident Fund, government regulated Pension Plan scheme. Furthermore, an outgoing employee, who has exceeded 5 years of service, is to be paid Gratuity calculated as per specified scales
There are certain state specific regulations e.g. Professional Tax and the Shop and Establishment Act which prevail in Indian states like Karnataka, Maharashtra, Tamil Nadu etc.
How to get Taxation & Annual Compliance?
Connect With Corpseed
Connect with the team corpseed to discuss specific requirements for your business at IVR: +91 7558 640 644 or email@example.com. It takes 20-25 minutes to discuss requirement.
Once you discuss the requirement, we will align a dedicated Account managers are here to help understand your business and provide best solutions and assist you with the entire process.
Real Time Update
Use our platform to track progress of application and many more. Always know what is going on with your application, what is in progress, and what is done.
Once job is completed, you will receive documents directly to your email ID and at your doorstep along with 30 days payback guarantee incase not satisfied with the services.
At Corpseed, we are committed to offer our services to the entrepreneurs and businesses as a very cost-effective proposition. We believe that a customer is always right and the focus of any business activity should be to serve the customer with utmost loyalty. All our services come with SLAs (Service Level Agreements) for on-time service delivery and money back guarantee to ensure high level of customer satisfaction.
At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. But we also believe that we may come across a customer who is not satisfied with our efforts. For that we have a very responsive Customer Care Department which work 24x7 to attend to and solve customer complaints. We also have a money back guarantee for those, who want their service charges to be refunded.
At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. We have put systems and processes in place to make sure that the customer information is safe with us during its storage and transfer between in house and third party servers. We continuously test our systems and processes for security breach and vulnerabilities are identified and fixed at a regular basis.
If a customer is not satisfied with the service we provided and if he contacts our customer care helpline and files a formal complaint within 15 days of service delivery date, Corpseed would refund the entire or partial amount of Professional Fee charged for that particular service.
If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us. He can either email his complaint at firstname.lastname@example.org or he can call our 24x7 Customer Care Helpline. Also, any customer is always welcome to visit our office to lodge a complaint with the senior management.
A customer can buy our services directly from our online platform, for which he need to make online payment. Once he clicks on "Apply Now", a new window will open, a customer is required to submit the information in the respective fields and click "Make Payment". A unique ticket number will be auto generated, the customer need to quote this number as reference for any enquiry regarding his service request.
All the monetary transactions performed on Corpseed online platform are secured with SSL System Protocol. We encrypt the customer information such as credit card and bank account details, before these are transmitted anywhere. We adhere to PCI DSS for data security standards for payment processing.
Financing needs for a small period normally less than a year is known as Short term finance. It is also known as working capital financing. Due to uneven flow of cash into business or the seasonal Read More
Society is a coordinated group of individuals with a goal and objective of supplying non-profitable support. In this guide, we examine the process of Society enrollment in Rajasthan in detail. In the Read More
Section 3 of the Indian Trust Act, 1882 defines the term ‘trust’ as An obligation annexed to the ownership of property and arising out of confidence reposed in and accepted by the owner or declareRead More
MCA on part of updating its registry, would be conducting KYC of all Directors of all companies and annually through a new e-form viz. DIR-3 KYC as notified vide MCA’s notification Read More
I would like to thank for professionalism and efficiency. Your assistance and sound advice has allowed me to compute my tax bill in efficient and prompt manner.
Sun Line Communications Systems
What I liked most is the reporting method and the proper communication by CORPSEED team & delivery of services on time.
CEO and Principal Consultant at Advance Innovation Group
We are very pleased with the quality of service your company provides. We sincerely appreciate your work and the way you conduct business.
Founder and CEO at Skill Development Council of India
I have found CORPSEED to be quietly dedicated efficient, providing good value for services relating to company formation in Singapore!
CEO - ByKie
"I just experienced possibly the very best customer service provided by CORPSEED as they provided point to point details of their services."
AVP Services at Liqvid
"I heard about CORPSEED through a friend and I came to know that they are providing service of AYUSH and they assisted me for product and I am very about it."
"Thanks for the prompt response to my request, I really appreciate it. Moreover, your service charges on company formation are reasonable enough for new start-up company like us."
Samarpan Herbs Life
"We are very pleased with the service and professionalism provided by CORPSEED. In addition to registration, accounting and tax services you have assisted us with advice to better operate our Us business."
Founder - Mittre India
"Really happy with the services provided by CORPSEED as they not only deliver the product on time but also suggest other innovative services which will give add on to your business."