GB Consulting CO
Financial Consulting, with a Personal Touch.
Our mission is your financial Prosperity !
Vision
Mission
Mission
Be synonymous with quality,
excellence and values
Mission
Mission
Mission
We continuously strive to create synergy through the fusion of professional values with a focus on delivering value-based services that result in the maximization of client worth and the enhancement of business prospects and growth...
Value
Mission
Value
Human is the capital – An organization is because of its people; period!
Respect the customer’s business commitment.
Transparency in business.
why Us
The business benefits of outsourcing extend well beyond cost savings, and include improved efficiency, effectiveness, flexibility, quality and compliance. By adopting an outsourced strategy and actively partnering with GB in the success and re-engineering of the finance, accounting and analytical functions, our clients are better able to engage in the operational and strategic demands of the business.
We are committed to Excellence and believe in supporting our customers as partners and not vendors. Our customers appreciate the difference we bring to the solutions and services, we provide with our expertise as well as our attitude towards the partnership that reflects in our association, which is the average of 4 + years and counting…
our services at glance
TAX MANAGEMENT CONSULTING SERVICES
Tax planning has become increasingly challenging and more complex for every individual, Partnership Firm including LLP, Companies, AOP BOI and even Trust also. With our tax consulting experience in income tax, International taxes, GST, Custom related taxes etc. GB tax professionals can help in your business address those challenges of multi jurisdictional tax operations, compliance, reporting and risk management for direct and indirect taxes.
FINANCIAL ACCOUNTING & REPORTING FRAMEWORK SERVICES
When it comes to meeting applicable financial reporting requirements, organizations face increasing complexity as local regulations and accounting standards continue to evolve. we assist companies, Firm, LLP and every business organizations to meet such requirements, including the preparation of financial statements and regulatory filings, International Financial Reporting Standards (IFRS) and also assist in the understanding of this changes and requirements across the organization and also achieving an overall performance and success of the business.
SECRETARIAL & COMPANY LAW COMPLIANCE SERVICE
The risks of non-compliance with local regulations are considerable, with the potential for harsh consequences for organisations and individuals. It is essential to know that your entities, wherever they are located around the world, are in good standing, that business decisions are accurately implemented and that necessary changes can be affected in a straightforward and timely manner.
INTERNAL FINANCIAL CONTROL SERVICES (IFC)
GB provides an internal control system service to various organization, which can be effective where common management and financial control systems are in place. The existence of strong corporate governance within an organization provides assurance to stakeholders (both internal and external) that the organization is fulfilling its responsibilities to them. Corporate Governance is built around strong leadership, competent stewardship, and promotion of efficient, effective and ethical use of resources
SETTING-UP NEW BUSINESS IN INDIA
Our services incorporate methodologies to deal with endorsements, legal approvals, formalities, compliance, registrations, enlistments required from various authorities. GB involvement in giving coordinated business setup services to entrepreneurs who are seeking to establish their venture in India, and have worked for both Indian companies as well as offshore clients. Beginning from the procedure of the initial Business setup, we help our customers totally till they accomplish the full execution.
LOAN & PROJECT FINANCIAL SERVICES
Every business house is required funds for growth, expansion & running their business and every individual need a house., With the understanding of the complexities involved in financial matters associated with business operations and housing loan, We offer consulting services related to loans and project finance.
Tax Management Consulting Services
Payroll Taxes
Corporate/Income Tax Planning
Corporate/Income Tax Planning
Administering your payroll can be time consuming and burdensome, diverting energy and resources from core activities of your business and this is made more difficult by the growing complexity of the tax regime here in India and employment legislation and the accompanying regime of penalties for noncompliance.
GB tax consulting team is dedicated to relieving you of this burden by providing a comprehensive and confidential payroll service including :
- Preparation of monthly Salary slips/ Payslip
- Preparation and calculation of CTC payment structure,
- Computation of TDS and personal income tax
- Monthly calculation and Filing of Professional Tax (PT) Return and making payment
- Filing of Monthly payment cum return of Provident Fund
- Administration of mandatory social security contribution, sick pay and statutory maternity leave pay etc.
Corporate/Income Tax Planning
Corporate/Income Tax Planning
Corporate/Income Tax Planning
Income Tax represents a substantial part of your business costs. However, due to the reporting obligations, robust investigation policies on the part of the tax authorities and the associated penalties for noncompliance means that an undue amount of your time and resources can be taken up collecting revenue for the government.
We offer a range of services to help you in minimizing your tax exposure and relieve you of the administrative burden of complying with tax legislation
- Preparation of Income Tax returns and filing of all Assessee.
- Calculation of Advance Tax and payments
- Consulting in Transfer Pricing and withhold taxes
- Income Tax planning and Tax Saving Strategy
- Compilation & Coordination for submissions of various Assessments
- Assist client during tax audit from both the tax department and the Associates entity
Tax Deducted/Collected at Source (TDS/TCS) and TDS on Foreign Remittance
Tax Deducted/Collected at Source (TDS/TCS) and TDS on Foreign Remittance
Tax Deducted/Collected at Source (TDS/TCS) and TDS on Foreign Remittance
Tax deducted at Source represents a substantial part of your business transactions. However, due to the reporting obligations, robust deduction process on the part of the tax authorities and the associated penalties for noncompliance means that an undue amount of your time and resources can be taken up collecting revenue for the government. We offer a range of services to help you in minimizing your operation cost and relieve you from the administrative burden of complying with tax legislation. We can assist you with:
- Advise you on the application of Tax deducted at source (TDS) and Tax collected at Sources (TCS)
- Assist in calculation of TDS and payments as at when due
- Preparation of TDS/TCS returns to the tax authority
- Preparation of 15 CA CB for Foreign Remittance
- Preparation TDS certificates form Tracess
- Provide support and follow-up on tax matters arising during tax audit
- Compilation & Coordination for submissions of various Assessments
Goods and Service Tax (GST)
Tax Deducted/Collected at Source (TDS/TCS) and TDS on Foreign Remittance
Tax Deducted/Collected at Source (TDS/TCS) and TDS on Foreign Remittance
GST is basically value added tax and is one of the most important indirect tax regime imposed on business with great complexity that many businesses inadvertently over pay or underpay of tax. The ever-widening scope of GST the constant stream of detailed changes to the regulations and the ever-growing demand of customs and excise calls for trained professional eye to ensure that you do not fall foul to regulations. We provide you with efficient and cost-effective service and reduce considerable compliance burden which includes:
- Advise on applicability of Goods and Services
- Calculation and preparation of GST returns
- Assist in preparation of e-way bill
- Filing of GST refund application and further compliance
- Tax planning and administration of GST
- Assist in the planning to minimize future problems with GST
- Assist in the negotiation with the GST, Custom and Excise in disputes and representing you before tax authorities
FINANCIAL ACCOUNTING & REPORTING FRAMEWORK SERVICE
Preparation of Financial Statement
Financial statements are quite important, but first, we needs to understand the purpose of an annual report.
- It gives shareholders, stakeholders, and even the public a report on profits, production rate, marketing strategies, market share gains, financial achievements, and the plans for the approaching year.
- Achievements are highlighted to show the good financial health of the company.
- Investors or creditors will have a better picture on the ratio of total revenue made to the total amount spent.
Significance of Financial statements is the building a trust, allows making better financial decisions and planning, facilitates statutory audits and helps to analyze the performance of organizations., then it has to prepare accurate financial statements. user of the financial statements are looking for transparency and fare presentation of the same and Of course investors are looking for profits vowing to their investments made and companies should work towards giving the same.
A financial statement includes
- Balance Sheet
- Profit and Loss/ Income Statement
- Cash Flow Statement
- Statement of Change in Owner’s Equity or Financial Equity/Equity Statement:
Periodic Booking and Accounting
As a small and mid size business entity, a businessman needs to focus on his core business activities, rather he should not be involved in recording of financial transactions, preparation of Books of accounts, Tax calculation and related matters. This is where our accounting services come in handy.
We genuinely value the objectives of our each and every client and you will have peace of mind realizing that your finances are in safe hands. GB provides a complete array of bookkeeping and accounting services which includes :
- Bookkeeping and Accounting
- Managing Accounts Receivable
- Managing Accounts Payable
- Financial Reporting and Tax Consulting
- Payroll Processes
- Maintenance of Stock Records
Verification and Reconciliations Services
Reconciliation of accounts is a particularly important activity for businesses and individuals because it is an opportunity to check for fraudulent activity and to prevent from errors in financial Statement. Reconciliation is typically done at regular intervals, such as monthly or quarterly, as part of normal accounting procedures and its needs analytical skill.
GB provides accounts verification and reconciliation services, which empowers them to focus on their core business and prevent from fraudulent activity. We help our clients to finalize correct value assets and liabilities which is shown in the financial statement as well as provide management services. which includes following services.
- Physical Verification and Reconciliation of Fixed Assets
- Physical Verification and Reconciliation of Fixed Inventory
- Scrutiny and Reconciliation of Accounts Payable & Receivable
- Reconciliation of Bank Accounts
- Reconciliation of other Assets and liability
Management Information System Reporting (MIS)
Do you have precise, relevant, latest and timely information regarding the performance of your business? Management accounts can offer vital information related to Turnover, Margin, Costs and Cash Flow. It is the lifeblood of all well-run organizations, used to boost performance, inform strategy, escalate profits, enable detailed analysis and accentuate issues.
Before you go for MIS reporting, you have to carry out a budgeting exercise. GB helps you in preparing the required financial control, performance ratios and financial reports based on information your bookkeepers enter in the accounting system.
MIS reporting is very important for business decision-making, thus it must be prepared with due care. Since an inaccurate MIS report can cause the business to suffer severely, therefore, the accuracy of the statement must be ensured. Hiring staff for MIS reporting purpose is quite expensive for a company, and also, it does not ensure the accuracy of reports. It is better to outsource the process as the company will receive the services of experts at minimal costs as compared to hiring staff for MIS reporting. Also, outsourcing MIS reporting process is cost-effective and saves precious time of the management.
MIS reporting system is to provide critical business information to the management for complex decision making. Followings are advantages of MIS reporting:
- Comparison Of Business Performance
- Problem Identification
- Increasing Efficiency
- Analysis of Current market Trends
- Helps in data management
- Helps in Strategic Planning and Goal Setting
Secretarial and Company Law Compliance
Secretarial Compliance
We can advise you on various compliance requirements under Companies Act and Our team of qualified and experienced professionals assist you in filing your annual returns and other forms with the ROC.
As per companies act every company is required to maintain certain records and registers to comply with the various sections and rules of companies act. Further these records must be kept at the registered office of the company if it is required to be accessed by any stakeholder.
- Register of Members,
- Register of Directors,
- Register of Contracts,
- Register of Charges, etc
Annual Filings: A number of annual forms and documents are required to be filed by every company with the Registrar of Companies. These include filing of annual return in the prescribed manner, annual financial statements, etc. All these forms are required to be certified by a practicing Chartered Accountant or a practicing Company Secretary.
Informing ROC on occurrence of certain events: Registrar of Companies needs to be informed on occurrence of certain events. Some of the common events are as follows:
- Change in the statutory auditors
- Appointment of Managing Director/ Whole Time Director
- Appointment/Resignation of directors
- Change in the bank signatories
- Alteration of main object of the company
- Change in registered office of the company
- Filing Financial Statement in XBRL Mode
Formation Consulting Services - Company,Firm/LLP, AOP/BOI, Other Body Corporate Etc.
New formation and incorporation in India means to get file your esteem organization under the relevant Act. It is not only necessary but mandatory for all types of companies ranging from small enterprises to big entrepreneur to compile their organization under the respective Act. Different acts have been confined and stated for varied organization in India including private or public companies have varied concepts of business incorporation.
Here we provide consulting services to formation of all types of organization.
Following types of Company, Firm/ LLP, AOP/BOI and Other Body Corporate you can form in India
- Private Limited Company
- Public Limited Company
- One Person Company
- Section 8 Company
- Foreign Company
- Limited Liability Partnership
- Partnership Firm
- Association of Person/ Body of Individual (AOP/BOI)
- Other Body Corporate Etc.
Other Consulting Services related to Companies Act, LLP Act, Etc.
We offer other consulting Services related with the companies act, LLP Act, Etc. which includes following services.
- Conversion of existing firms into LLPs and Companies or visa versa
- Preparation of Partnership Deed and other Deeds
- Alteration of the Articles of Association; Memorandum of Association
- Rights issue; private placement; allotment of preference shares; issue of other equity & debt instruments
- Review and updation of Secretarial Records
- Dissolution of Companies
- Import Export Code Certification
- Trader Mark, Copy Right Registration
- Obtain Digital Signature Certificate (DSC)
Internal FINANCIAL Control System Services
Internal Financial Control System
Internal control system is a fundamental component of corporate governance structures and processes and should be aligned with critical business procedures.
An effective Internal control system program will be formulated via a comprehensive and systematic appraisal of all key risks.
Internal control system explores all facets of business activity from the traditional ‘policing ‘ role that concentrates on providing assurance on operation of key controls, to the role of an independent advisor that will focus on efficiency and an effectiveness and in assessing management to foster process improvement and to facilitate change. Most importantly, internal audit monitors the:
- Extent of compliance with applicable laws, rules, regulations and directions
- Effectiveness of the design, implementation and operation of internal controls
- The completeness, accuracy and reliability of financial and operating information and underlying records
- The efficiency and effectiveness of business and service delivery processes and outcomes
Why would you outsource IFC ?
Many companies prefer ‘in-house’ Internal Financial Control System, which will provide a valuable contribution to the organization.
However, the use of external independent professionals to supplement existing resources, or to operate under an outsourced service delivery arrangement, can lead to a more efficient and cost effective internal financial control system along with reduce to the great extent of fraudulent activities and allow you to prevent actions on such matters.
SETTING UP BUSINESS IN INDIA
Starting new business itself is a good idea and it's required following
steps to start your business.
Starting a business involves planning, making financial decisions, and completing a series of legal activities.
- Conduct Market research
- Write your business plan
- find your business
- Choose your business location
- Select a business structure
- Define your business name
- Apply for licence and permit,
- Get Registered your business with tax authorities
- Open Bank Account
We offer following Consulting Services
GB is offering consulting services in the following area to get approvals, compliance and registration requirements from various government authorities. We facilitate our customers with turnkey arrangements to set up a new business, get franchise, subsidiary expansion in India. we help our customers till they accomplish the full execution.
- Application for shop & establishment Act licence, Udyog Aadhar, PAN Card
- Getting registration under Goods and Service Tax (GST)
- Formation of Company Registration, Limited liability Partnership (LLP) and Firm
- Opening Bank Account
- Consulting our client for preparation of Legal document for New Business Set Up, Subsidiary company expansion in India.
- Consulting services for initial financing for new business.
Founder
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