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Accounting Outsourcing

In today’s challenging business environment, owner and/or senior management gets distracted from its core business handling complex accounting and filing statutory returns timely.

PM Consulting provides comprehensive accounting and finance outsource services to small and mid-size companies allowing them more time to focus on the growth of their business.

Models of outsourcing: We have two models for outsourcing of accounting services;

1. OFFSITE Under this model of accounting, the services are provided from our office premise. Majority of our clients avail this model of service. All the physical documents comes to our office and then we record periodic books of accounts in accounting software, scrutinise the ledgers, and report financial statements with client.

2. ONSITE Under this model of accounting, our team is placed at client’s office itself, however it is supervised by us only. Usually, this model is preferred by client with a small team size requirement.

Our Services Include:

  • Preparation of Accounts on a monthly, quarterly, half yearly and yearly basis

  • Part-time accountant services on a retainer basis

  • Handling management level tasks in accounting and finance at our office or in yours

  • Financial Budgeting

  • Preparation of Financial Statements

  • Preparation of MIS Reports

  • Financial Analysis

GST Services and Consulting

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services.

The following is the list of indirect taxes in the pre-GST regime:

Central Excise Duty Duties of Excise Additional Duties of Excise Additional Duties of Customs Special Additional Duty of Customs Cess State VAT Central Sales Tax Purchase Tax Luxury Tax Entertainment Tax Entry Tax Taxes on advertisements Taxes on lotteries, betting, and gambling

Our Services Include:

  • Registration procedure under GST

  • Amendment, Revocation, and Cancellation under GST

  • Consultancy for maintenance of proper records

  • Consultancy for proper accounting for GST

  • Preparation and E-filing of all GST returns including Annual GST Returns

  • Offering services as GST Consultants or GST Advisors

  • Keeping you update about all the changes in GST Law

  • Corporate Services

Corporate Services

If you are registering a startup or a new business in India then first and foremost, there are some official procedures a startup or an entity has to follow in order to register them in Indian official records, we will help you to get a registration/legal license for your business.

Our Services Include:

  • Incorporation of Company.

  • Consultancy on Company Law matters.

  • Maintenance of Statutory Records.

  • Filling of annual returns and various forms, documents.

  • Change of Name, Objects, Registered Office, Etc.

Incorporation / Registration

If you are registering a startup or a new business in India then first and foremost, there are some official procedures a startup or an entity has to follow in order to register them in Indian official records, we will help you to get a registration/legal license for your business.

Our Services Include:

  • Sole Proprietorship & Partnership Setup.

  • Limited Liability Partnerships Setup.

  • Incorporation of company.

  • Change Enterprise Business Details.

  • Closing Down Enterprise Business.

  • Enterprise Business License Renewal

Audit & Advisory

Internal auditing is the practice of advising organisations regarding how better to achieve their objectives.

PM Consulting would perform audits to evaluate whether or not the policies and procedures in place are designed and operating effectively and provide recommendations for improvement.

We are not just tax preparers. We are your advisor and partner when and where you need us.

Our Services Include:

  • Efficiency of operational procedures.

  • Accuracy and reliability of financial records.

  • Finding out problems and their root causes.

  • Assessing potential risks and losses.

  • Recommending corrective actions.

  • Internal control implementation.

  • Internal Audit Services.

  • Statutory / Financial Audit Services.

  • Stock Audit Services.

  • Business Advisory.

Income Tax Compliance

Tax planning is an excellent opportunity to increase the bottom line of a business. In no other area can good advice and planning save so much of our hard-earned money. Because we work so closely with our clients, we identify many opportunities to save money through astute tax planning whilst complying with the tax legislation at all times.

More often than not, the tax filing and income tax returns season is quite nerve-racking for both individual taxpayers as well as businesses. Most businesses fail to realize that having enough time for tax preparation allows them to put their documents in order, and reduce the overall chances of any errors from occurring.

We offer bespoke tax preparation services for businesses, and we stringently follow the best preparation process that suits your business.

Our Services Include:

  • Consultancy on various intricate matters pertaining to Income tax.

  • Effective tax management, tax structuring and advisory services.

  • Tax Planning for Corporates and others.

  • Obtaining PAN f& TAN.

  • Filing Income Tax returns for all kinds of assessees.

  • Filing of  E-TDS Returns.

Payroll Processing

Payroll management is extremely important function of every business. We manage your payroll with accuracy, integrity, and confidentiality and we make sure that our clients are satisfied with our services.

Our Services Include:

  • Computation of Monthly salary & wages.

  • Calculations of overtime, incentives and bonuses.

  • Computation of TDS, ESI, and EPF.

  • Generation of Payslips.

  • Generation of monthly payroll report.

  • Generation of periodic statutory report.

  • Issue of Form 16 to employees.

  • Periodic Reconciliation of payments/statutory deductions with books of accounts.

Software Selection & Implementing

PM Consulting understands your business, and guide you in your software purchase by providing the information you need not only from a technological point of view but, more importantly, from an accounting point of view. Once you have purchased the software, we will help you to install it on your system. We will then train you and your designated employees to properly use the software to make your day-to-day accounting easier and to enhance your business with the information needed to make informed decisions. Training and support will ensure minimal disruption of your everyday business processes.

Our Services Include:

Tally/GST Workshops & Accountant Mentoring

The workshop is aimed to educate and equip entrepreneurs and team with the following:

– Importance of Accounting & Benefits of discipline Bookkeeping.

– Understanding of the Various Financial Statements & Key Terminology.

– Use Accounting for Strategic Decision Making.

– Hands on Accounting Software.

– Educate on GST law and Returns Filing.

ACCOUNTANT MENTORING

If you are an entrepreneur & would like to hire a full time accountant & want them to be trained by professionals, we train the person & mentor him for 3 months so that you receive timely information in the format you desire to make informed business decisions.

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