STATAUTORY COMPLIANCE

Statutory Compliance Management needs of businesses of all sizes – small, medium, large multinationals, and across multiple domains. TLA  helps Businesses address important  functions. TLA  has vast experience in aligning  in human resources and business strategies.

We manage critical statutory needs in connection with  including various  processes, thus bringing significant operational excellence and seamless integrated delivery.

TLA   offers combined Statutory Accounting and Bookkeeping Compliance, with the help of a specialised and dedicated team of accounting professionals. Our team is well-versed with the requirements of the Companies Act, 2013 and Indian GAAP/ Ind AS as well as other international GAAPs including but limited to IFRS, US GAAP, and undertakes various mandatory trainings on a regular basis.

We offer a wide range of accounting and financial reporting services, including:

Accounting:

• Regularisation of books of accounts for past periods
• Record day to day accounting transactions as required under Indian GAAP
• Manage accounts payable and accounts receivable function
• Record fixed assets and prepare depreciation schedules
• Record month-end accruals and manage the closure process
• Prepare and file eTDS returns
• Prepare bank reconciliation and inter- company reconciliation statements
• Prepare customised monthly/quarterly/annual MIS reports
• Prepare annual financial statements as per Indian GAAP
• Convert Indian GAAP statements to US GAAP, IFRS or other international GAAP, as required
• Liaise with auditors for timely completion of an audit

Management Accounting:

• Prepare customised monthly/quarterly/annual MIS reports
• Review of annual financial statements
• Operational and finance support
• Support in preparation of business plan
• Support in compilation of annual budgets and periodic updates
• Support in cash flow monitoring
• Support in CMA data preparation and review
• Support in preparation of future cash flow forecasts
• Support in valuation activities for further issue of capital
• Support in accounting and finance recruitments (limited to shortlisting of candidates)

Company Secretarial Compliances:

• Preparation of share certificates and common seal
• Preparation and updating statutory registers
• Preparation of Board/Shareholder meeting minutes
• Preparation of Director’s report
• Preparation of documents for appointment/resignation of directors
• Preparation of documents for change in share capital
• Assist in filing for changes such as name, registered office address, main objectives, etc.
• Preparation and filing of annual and other statutory returns

Direct Tax:

• Assist with incorporation of Subsidiary/Liaison office/Branch office/Project office
• Assist with tax compliance
• Assist with advance tax working
• Prepare tax returns
• Assist with application for lower withholding certificates
• Assist with tax assessments
• Assist with other regulatory compliances
• Assist with advance rulings
• Transfer Pricing

Indirect Tax:

• Assist with Service Tax, VAT, CST, Entry Tax compliances
• Assist with preparation of returns
• Procure statutory forms from the tax authorities such as Form C/F
• Review required registers and records
• Assist with drafting of responses to preliminary queries from the tax department
• Assist with tax assessments
• Assist with other regulatory compliances
• Impact assessment and suggesting the way forward for GST

Our specialist team comprises accounting, secretarial, tax, regulatory and payroll professionals, who can provide coordinated services while also providing a single point of contact for all of your requirements.

We provide these services to clients across locations, and put forward flexible delivery models that can be customised in conformity with their requirements.

Our offering is especially relevant for companies planning to set-up businesses in India – foreign companies already present in India, mid-size companies and Private Equity (PE) funds along with their portfolio companies, including start-ups.