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Frequently Asked Questions

  • Why do I need another audit when my CA already conducts an audit at the end of the year?
    A statutory audit conducted by your Chartered Accountant (CA) focuses primarily on compliance, taxation, and financial reporting accuracy. However, our Financial Audit and Course Correction service goes beyond compliance to help you: Identify operational inefficiencies: We analyze cost structures, cash flow management, and revenue optimization strategies. Uncover Hidden Risks: Our audit detects financial risks, revenue leakage, and inefficiencies that may not be addressed in a standard statutory audit. Strategic Decision-making We provide actionable insights to improve financial health, increase profitability, and align your business with long-term goals. Course Correction: Unlike a CA’s audit, which looks at past financials, our service focuses on corrective measures and future financial planning. Think of it as a proactive financial health check that helps prevent financial setbacks rather than just reporting on past performance.
  • What kind of financial issues can you identify and correct?
    We help uncover and address: Detect errors, fraud, or financial mismanagement Improper accounting practices Cash flow problems Inefficient cost structures Budget misallocations Revenue leakage Compliance risks Unprofitable business models
  • Who should use this service?
    This service is ideal for: • Small and medium-sized businesses looking to improve financial stability. • Startups needing a strong financial foundation. • Enterprises facing cash flow challenges or profitability concerns. • Organizations preparing for an investment, merger, or acquisition.
  • How long does the audit take?
    The timeframe depends on the complexity of your financial data, but typically, our audits take 2-6 weeks to complete. We provide regular updates throughout the process.
  • Will this audit impact daily business operations?
    Our approach is designed to be minimally disruptive. We work with your financial team to collect data efficiently while ensuring normal business operations continue.
  • Do you provide ongoing support after the audit?
    Yes! We offer continuous financial advisory and implementation support to help you execute our recommendations and achieve sustainable growth.
  • What is Statutory and Tax Compliance Outsourcing?
    It is a service where we handle the preparation, filing, and management of your business’s tax and regulatory compliance requirements, including GST, TDS, VAT, and ROC filings, ensuring timely and accurate submissions.
  • Why should I outsource tax compliance instead of managing it in-house?
    Outsourcing saves time, reduces errors, minimizes compliance risks, and ensures adherence to constantly changing tax laws—allowing you to focus on growing your business without worrying about penalties or legal issues.
  • What tax compliance services do you offer?
    We provide end-to-end compliance services, including: GST Compliance: Filing GST returns, reconciliations, and compliance. TDS Compliance: TDS deductions, deposits, and return filing. VAT Compliance: VAT return filing and compliance with state regulations. ROC Compliance: – Filing of annual returns, statutory forms, and other corporate compliance for companies and LLPs. If you need assistance with any other compliances like Indian Bureau of Mines, Dept of Mines and Geology - get in touch with us.
  • How do you ensure compliance with tax regulations?
    Our team stays updated with the latest tax laws and regulatory changes. We follow strict timelines, conduct thorough checks, and use technology-driven solutions to ensure accurate and timely filings.
  • What are the penalties for non-compliance?
    Penalties vary based on the type of non-compliance. Delayed GST filings can lead to fines and interest, while ROC non-compliance may result in additional fees or disqualification of directors. Our service ensures you avoid such penalties by staying compliant.
  • Do you provide support for tax audits and assessments?
    Yes! We assist businesses during tax audits, assessments, and regulatory inspections, ensuring proper documentation and compliance with authorities.
  • How secure is my financial and tax data?
    We follow strict confidentiality policies and use secure systems to protect your financial data. Your information is handled only by authorized professionals.
  • Can you handle compliance for startups, SMEs, and large enterprises?
    Absolutely! Our services are tailored to meet the compliance needs of startups, small businesses, and large corporations across various industries.
  • How do I get started with your services?
    Simply contact us for a consultation! We’ll assess your compliance needs and create a customized plan to manage your tax and statutory obligations efficiently.
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