Monthly/Annual Compliances

Accounting and Bookkeeping Services

Accounting is built on the foundation of bookkeeping. It’s because it’s in charge of properly recording financial transactions. Accounting, on the other hand, is concerned with the classification, summarization, and reporting of financial transactions. Accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing financial data. It entails the preparation of source documents for all of the entity’s financial transactions. The process of Accounting.

Bookkeeping is the process of consistently recording transactions each day. It’s an essential part of gathering the financial data you’ll need to run your business and succeed.

The Importance of Accounting for Your Business

Accounting is critical to the success of your company. It allows you to keep track of your expenses and income, ensure compliance, and provide quantitative financial data to the government, management, and investors, which can then be used to help guide business decisions.

Some of the most compelling reasons to invest in accounting for your company include:

1. Identifying financial transactions
2. Recording financial transactions
3. Preparing ledger accounts
4. Preparation of trial balance
5. Preparation of financial statements
6. Analysis of financial statements

At AccTeez, we offer extensive outsourced Accounting and Bookkeeping services tailored for startups and established companies. Feel free to reach out for further details.

Payroll Services

Payroll is the process of paying employees. Employers must handle payroll each pay period so employees receive their wages. But payroll is more than just a paycheck. There are many moving parts, like gathering employee hours worked, calculating taxes and other deductions, distributing wages, and reporting and remitting taxes and other deductions to the right parties.

At AccTeez, our Payroll Services are designed to simplify the complex task of paying employees. From gathering hours worked to calculating taxes and other deductions, we handle the entire payroll process. Contact us for seamless payroll solutions.

ESIC Registration

ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation (ESIC), which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India.

WHO REQUIRES ESIC REGISTRATION?

ESI Registration is mandatory for every factory and specified establishment that has 10 or more permanent employees, and wages of such employees are less than Rs. 21,000/- per month.

Explore a seamless ESIC Registration experience with AccTeez, catering to startups and established businesses. For detailed assistance and compliance guidance, reach out to us.

ESIC Return Filing

Effortlessly manage your ESIC Return Filing with AccTeez. Our expert team ensures a hassle-free process, providing support and guidance at every step. Connect with us for a streamlined ESIC compliance experience!

PF Registration

The registration of a provident fund is compulsory when the number of employees in the organization reaches twenty. An EPFO Coverage application must be made within 30 days of the 20-Employee limit.

The Employee Provident Fund or PF is a retirement savings scheme provided by the government to all leading employees in India, at which interest rates are payable. The Employee Provident Fund is an employer that provides employment to employees in addition to their basic salary.

AccTeez simplifies PF Registration for your business. Our dedicated team ensures a smooth process, guiding you through every step. Connect with us to streamline your PF compliance effortlessly!

PF Return Filing

Provident fund return must be filed by all entities having PF registration every month. PF return is due on the 25th of each month. Further, a final PF return is due on the 25th of April for the year ended on 31st March. PF Payment: Provident Fund (PF) payments are due on the 15th of each month.

At AccTeez, we specialize in managing your PF Return Filing requirements. Our committed team guarantees a seamless process, freeing you up to focus on your core business activities. Get in touch for reliable and effective PF return filing solutions.

Professional Tax (PT) Registration

Professional tax is an indirect tax raised by the State government. Although the name suggests that the tax is paid only by professionals, it is not really so. Conversely, any person earning a living or doing some work or business must pay this tax. In other words, the taxpayer may be an employee, a professional, a freelancer, an entrepreneur, or others. In terms of Section 16 (iii) of the Income Tax Act, 1961, all the taxes are deducted from your gross income.

At AccTeez, we simplify the Professional Tax (PT) Registration process for individuals, businesses, and organizations. Our dedicated team ensures a hassle-free experience, allowing you to fulfil your tax obligations promptly. Contact us for expert assistance in PT registration.

Professional Tax Return Filing


Every individual who is required to deduct professional tax under the act must deposit the collected funds into the appropriate account, together with a return detailing the income and professional tax deductions. All statements, returns, accounts, or documents prepared in connection with the assessment of profession tax by any company or person shall be treated as confidential, and no copies shall be made available to the public. Professional tax payments are made offline in most states and can be made by check or cash.

At AccTeez, we specialize in Professional Tax (PT) Return Filing services. Our experienced team ensures accurate and timely submission of your PT returns, allowing you to stay compliant with tax regulations. Let us handle the paperwork while you focus on your core business. Connect with us for seamless PT return filing.

GST Return Filing


Every business that is registered under the GST Act is required to declare their sales, purchases, input tax credit, and output tax payable to the GST authorities on a monthly or quarterly basis, as applicable, through the GST Return E-filing platform. And completing GST returns is mandatory for all GSTIN owners, even small or large businesses. If GST owner does not file their GST Return timely then as per the provision of GST Act. Penalty will be levied on them. Every GSTIN (Goods and Services Tax Identification Number) owner must include monthly sales data, purchase data, import tax credit data and other information as required by the Goods and Service Tax Code. To transmit this data, the GST department has issued various GSTR forms such as GSTR – 01, GSTR -02, GSTR -03, GSTR – 3B, GSTR – 04, GSTR – 05, GSTR – 06, GSTR -07, GSTR – 08 and GSTR -09. The process for submitting these forms to GST’s online portal is called GST Return Filing.

At AccTeez, we streamline the GST Return Filing process for businesses of all sizes. Our dedicated team ensures accurate and timely submission, helping you meet your GST compliance requirements effortlessly. Focus on your business, and leave the complexities of GST return filing to us. For expert assistance, get in touch with AccTeez today.

TDS Deposit Assistance

Introduction

As per the name, TDS (Tax Deducted at Source) is a tax levied at the very source of the income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The Person (deductee) from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

Rates for deduct of tax at source

TDS shall be deducted at the rates specified in the relevant provisions of the Income Tax Act or the First Schedule to the Finance Act. However, in the case of payment to non-resident (NR) persons, the withholding tax rates specified under the Double Taxation Avoidance Agreements (DTAA) shall also be considered.

How to pay Tax Deducted/Collected at source?

Tax deducted or collected at source (TDS or TCS) shall be deposited to the credit of the Central Government by following modes:

1. Electronic mode: E-Payment is mandatory for

a) All corporate assesses; and
b) All assesses (other than the company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.

2. Physical Mode: By furnishing the Challan 281 in the authorized bank branch

At AccTeez, we understand the importance of timely and accurate TDS and TCS Deposits. Our expert team provides comprehensive assistance, ensuring compliance with regulatory requirements. Trust us to handle the complexities, allowing you to focus on your core business activities. For reliable TDS and TCS deposit support, contact AccTeez today.

TDS Return Filing (Quarterly)

Every deductor who is responsible for deducting TDS from its payments must complete a quarterly return in the format prescribed by the National Securities Depository Limited (NSDL). The process of allocating the amount of TDS deducted from the affected PAN is called TDS Return, known as Form 27A. TDS Return has two categories Form 24Q (Salary Payments) and Form 26Q (Non-Salary Payments). Both forms are completed quarterly. Form 24Q deductions will come in the form of any payments made by the employer to his or her employees such as employee benefits or perquisites. Non-salary payments such as Leases, Interest, Commissions, Contract Receipts, Service Fees, etc. are filed under Form 26Q.

TDS Return Due Dates

First Quarter (April – June) – 31st of July
Second Quarter (July – September) – 31st of October
Third Quarter (October – December) – 31st of January
Fourth Quarter (January – March) – 31st of May

At AccTeez, we simplify the TDS Return Filing process for you. Our expert team ensures timely and accurate filing on a quarterly basis, meeting all regulatory requirements. Focus on your business, and leave the TDS Return Filing to us. For hassle-free and efficient services, contact AccTeez today

Company Annual Filing

Companies that include a Limited Company, a Private Limited Company, an OPC (One Person) Company, and Section 8 Companies registered in India are required to complete annual returns (AOC-4, MGT-7, Board Meetings, Director’s KYC, etc.) every year through the MCA.

The main purpose of this annual return is to ensure that the company is still active in the market or business/trade, or business will start soon. If a company has not filed its Annual Return with the MCA for three consecutive financial years, then the director of that company may be disqualified under the Companies Act, 2013, and lead to various penalties and penalties.

At AccTeez, we specialize in Company Annual Filing services, ensuring compliance with the regulatory requirements of the Companies Act. Our experienced team streamlines the process, allowing you to focus on your business priorities. Trust AccTeez for accurate and timely Company Annual Filing. Contact us today for reliable support

LLP Annual Filing

LLPs (Limited Liability Partnership) are separate legal entities; therefore, it is the responsibility of the Designated Partners of LLP to maintain proper books of accounts and file an annual return with the MCA each financial year. LLP form 11, Form 8 & Income tax return are the main compliances.

LLP Annual Filing Forms:

1. Form 11:
Form 11 is a statement of annual return. Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of the financial year, i.e. Annual Returns have to be filed on or before 30th May every year.

2. Form 8:
Form 8 is a statement of accounts. Every LLP is required to prepare and close its accounts until the 31st March every year. From 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of the Financial Year, i.e., 30th October every year.

Late filing of such forms entails penalties of Rs. 100/- per day of default.

AccTeez is your trusted partner for seamless LLP Annual Filing services. Rely on our expert team to navigate the intricacies, ensuring timely compliance. Let us handle the details while you focus on your business. Connect with AccTeez today for dependable LLP Annual Filing support.

Partnership Annual Filing

Partnership Firms are separate legal entities; therefore, it is the responsibility of the Partners of the firm to maintain proper books of accounts and file an annual Income Tax return with the Income Tax Department each financial year. Filing of Income Tax Return Form-5 and Partner’s Personal Income Tax Return are the main compliances for Partnership Firms.

At AccTeez, we specialize in facilitating the Annual Income Tax Return Filing for Partnership Firms. Our dedicated team ensures smooth and timely compliance, allowing you to concentrate on your business priorities. For reliable Annual Income Tax Return Filing services, contact AccTeez today

Statutory Audit

A statutory audit is a mandatory examination of a company’s financial records required by law to oversee the principles and ethics of a corporation. This audit encompasses the scrutiny of bank accounts, financial statements, transactions, accounting records, ledgers, and other key documents essential for tax purposes and government obligations. It may also include documents related to business operations such as invoices, purchase orders, bills, challans, and more.

At AccTeez, we offer comprehensive Statutory Audit services to ensure a thorough examination of your company’s financial records. Our expert team follows legal guidelines and ethical principles, providing you with a reliable assessment. Trust AccTeez for hassle-free and precise Statutory Audit services. Contact us today for professional assistance.

Income Tax Return Filing

Income Tax Return is a form used to file details with the Income Tax Department, providing information on earned income and taxes payable. Income tax is levied by the Central Government on personal income, and it is the responsibility of every citizen and organization to pay taxes in a timely manner to avoid penalties. The form containing income information and tax assessment is called the Income Tax Return. The Indian Income Tax Department has various forms such as ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7.

At AccTeez, we specialize in accurate and timely Income Tax Return Filing services. Our dedicated team ensures that you meet all tax obligations while maximizing your benefits. Trust us to navigate the complexities and provide a seamless filing experience. For reliable Income Tax Return Filing, partner with AccTeez. Contact us today for personalized assistance. 

Tax Audit

The Government of India conducts various audits under different laws, including business audits/statutory audits following company law rules, cost audits, and stock audits. Similarly, the Income Tax Act mandates a ‘Tax Audit.’ A tax audit is essential when the annual gross turnover/receipts exceed a certain threshold. It is conducted by a chartered accountant, as specified by Section 44AB of the Income Tax Act of 1961. In simple terms, a tax audit is an examination of tax-related issues.

At AccTeez, we understand the critical role of Tax Audits in maintaining legal compliance. Our seasoned team adeptly manages the complexities of tax regulations, delivering a seamless audit experience. Collaborate with us for an exhaustive Tax Audit, and allow us to lead you through the process effortlessly. For reliable audit support, connect with AccTeez today.

MCA Filings

To comply with the provisions of the Companies Act-2013, filing E-Forms on the Ministry of Corporate Affairs (MCA) web portal is necessary. The MCA regularly updates provisions and E-Forms, requiring companies and executives to complete E-forms on the MCA web portal.

At AccTeez, we streamline MCA Filings to ensure your business aligns with the regulatory framework seamlessly. Our dedicated team navigates through the intricacies of compliance, offering comprehensive filing services. Trust AccTeez for a hassle-free MCA filing experience, empowering your business to thrive within legal parameters. Connect with us for dependable MCA filing support.

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