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About This service

Accounting is considered to be a critical business function. Accurate accounting and timely book-keeping is very essential for managing the accounting of large scale business. The ever changing and increasingly competitive global marketplace demands that business owners continuously seek to improve their financial position to ensure their survival. Owners of large enterprises sought to outsource their finance and accounting functions as a way to streamline their processes and reduce costs. Consult MyTax offers a range of large scale business accounting solutions which cover simple tasks such as accounts receivable and payable, and payroll processing but can also provide solutions for more complex tasks such as financial statement preparations and tax records. Our team is composed of finance specialists and accountants who are trained to international standards.

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Includes/exclude

in service

  • Recording of entries on daily basis to fulfill statutory requirements.
  • Preparation of Ledger Accounts-Cash, Sales, Purchases, Expenses, bank and other as per business needs.
  • Preparation of Receipts and Expenses Statement/Profit and Loss Account.
  • Preparation of Receipts and Expenses Statement/Profit and Loss Account.
  • Preparation of Balance Sheet.
  • Bank Reconciliation Statement as on date.
  • Statement of balance of Account Receivables and Payables as on date.
  • Stock Summary as on date.

Whom

it’s beneficial

  • This plan is designed to address the accounting needs of businesses and professionals operating as :
  • Goods Traders
  • Professionals & Consultants
  • Share Market Traders
  • Individual Freelancers

Process

  • Purchase plan
  • Provide details about the business
  • Scan documents of business transactions
  • Explanation of transactions (If needed) to understand business properly
  • Get your financial statement and other required information whenever needed

Information/Documents

needed

  • The documents needed shall depend on the service you need at a particular point of time. The same shall be communicated to you by our experts based on your requirements.

Other Information

Avail the Services, if interested to get your transactions records in accounting books monthly. Just for an easy analysis of Business Conditions by establishing an effective management information system (MIS), check financial health of your business every month to manage your finance needs. Get the better understanding of financial position before filling GST, TDS & other returns to comply with statutory compliances. Helps you to keep the transactions recorded on monthly basis to get rid of an accountant at your place.

What are the essential factors to keep in mind while running a large Scale business?

  • Anticipating cash flows
  • Analyzing gross income
  • Providing budget allocation
  • Determining the financial viability of the business

What are the Benefits of outsourcing accounting and finance operations?

  • Cost reductions and increased profitability
  • Increased productivity and efficiency
  • Quality, accuracy, and timeliness
  • Transparency and data security

What are the Tax Filing and Plannings to follow?

A popular specialty area, many accounting firms offer a range of tax services. The firm’s accountants can help you figure out a new tax code to help ensure your financial reporting practices are in compliance with current IRS regulations, determine your company’s tax liability, and make sure you meet filing requirements and deadlines. The firm will prepare your federal, state and local tax returns, and can also help you figure out how to reduce the taxes you must pay, making year-round tax accounting services convenient.

What are the speciality Services you need to know?

The offerings will vary by the firm, but if you’re shopping for an accounting firm, consider choosing from among those who offer specialized services. These can include business valuation, which helps determine what your business is worth should you be considering a merger, acquisition or sale. A growing number of accounting firms offer information system services, which examine the integrity and security of your computer systems and the practices your company uses to process and protect information. If your business might be the subject of a legal dispute or you suspect something has gone wrong in your financial arena, consider a firm offering fraud and forensic accounting services, who investigate complicated financial documents to uncover any illegal or fraudulent activity.

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