B Arun Balaji & Associates

• Income Tax and related Matters

We offer expert consultancy services to Corporate, foreign Companies, individuals (both Residents and Non-residents), partnership firms, Trusts, Welfare Associations and other organisations who are liable to pay Tax according to the Indian legislation authority. We also deal in filing of Income Tax Return for various categories of persons under the Income Tax act. Our services include Tax Management, Planning of future taxes and avoidance of Penalties and Risks due to non compliances, Finalization of Records, Filing of Reports, Tax Audit, Foreign taxation consultancy, Transfer Pricing matters and Income tax Assessments and Appeals before authorities in India.

• GST and related Matters

We offer expert consultancy services under GST. The services offered include professional assistance in registration procedures, assistance in filing Monthly and Annual Returns, assistance in claiming GST input credit, assistance in approaching the Commissioner to seek IGST refund or appropriate relief.

• Compliances with respect to Ministry of Corporate Affairs

We provide professional consultancy and advisory services on regulatory compliance and ensure the compliance mechanism under Companies Act/ LLP Act which mandates to file return/ forms to the Ministry of Corporate Affairs (MCA) on a timely manner and on an event basis. We also ensure compliance with related statutory and regulatory requirements along with monitoring and stringent implementation of Board of directors’ decisions.

• Audit Services

We conduct audits by adhering to various global accounting and auditing standards for conducting independent, fair and comprehensive audits for various stakeholders like government, bank, financial institution, general public, Management and investors. Our statutory auditing team consists of experienced professionals for effectively conducting the statutory auditing procedure across industries. The team members remain acquainted with the latest changes in the statutory auditing arena for staying ahead in the loop. We also provide Audit services to various trusts and welfare associations and also issue Audit reports required under Income tax Act.

• Audit Assistance Services

We also provide assistance in the audit process to our fellow chartered accountants thereby improving efficiency either independently or along with your existing teams. We offer unparalleled support to auditors with a team comprising experts from several domains on every process.

• Bookkeeping Services

You can outsource accounting and bookkeeping services to us and have hassle free accounting compiled under various laws not only to save the operating cost of your business but also it enables you to focus on the core operations of the business. Our Accounting professionals assure you that all the transactions are recorded in the correct daybook, supplier’s ledger, customer ledger and general ledger. Our expert accountant professionals prepare a profit and loss statement and balance sheet on a periodic basis in an ERP. Our outsourcing service consists of all four stages of accounting processes starting from recording of financial transactions in the books of business, classifying the transactions into meaningful and orderly types, summarizing the accounting data into useful reports and interpreting the financial data to assist decision making. The Accounting professionals in our firm are well versed in accounting in ERP like Tally, Quickbooks, Zoho books etc., Our professionals are qualified and they also have experience in accounting under IFRS, IndAs and other recognised International Accounting standards.

• Forensic Audit Services

We also provide fraud detection & forensic audit services to our clients. Fraud investigation includes detailed verifications, evidence collections, legal support for further actions to be taken. It also includes post fraud investigation as well as establishing proper internal controls for fraud prevention. Our Team of professionals include forensic experts who will guide us through different scenarios.

• Internal Financial Control – Design and Implementation

We provide a one stop solution for all your Internal Financial Control needs starting with devising Standard Operating Procedures across departments and creating Business Process Narratives (BPN), Risk Control Matrix (RCM) & establishing Test of Controls (TOC) for each business process. We also evaluate the existing BPN, RCM & TOC, as per the requirement and provide consulting and advisory services to improve the same.

• Valuation Service

Our valuation team is headed by IBBI registered valuer who is authorised to conduct valuations of financial securities like equity shares, SAR, ESOP, etc., and intangibles under the applicable provisions of the Companies Act, 2013. We help startups and established brands to understand the quantum of fundraising required, to add or dilute to the existing business stake. These business valuation services also help the prospective investors to evaluate the targeted startups and brands. Our valuation service includes Business Valuation, Share Valuation, Mergers & Acquisition Valuation, Insolvency/Bankruptcy Valuation, ESOP and Sweat Equity Valuation, Regulatory Valuations (Companies Act, Insolvency Code, Income Tax Act), Valuation under IND AS requirements.

• Due Diligence

Due diligence is a comprehensive appraisal of a business that a potential buyer or investor generally undertakes before buying a company or agreeing to make an investment. On behalf of a buyer or investor, during the due diligence process, we will review the target company’s assets and liabilities, structure, operations and key business relationships. This information allows them to effectively evaluate the deal’s strategic commercial potential and ensure that the merger or acquisition is priced correctly. On behalf of a seller or company owner, we will help them by providing the appropriate documents to the buyer or investor, but also help manage the process so that they can continue to run their business and not be deluged by document requests.

• Internal Audit Services

We at B Arun Balaji & Associates, handle internal audit and furnish the reports in the necessary format and according to the time of the need. Our emphasis is on ensuring strong internal control systems to minimize the risk of accidental or deliberate errors and omissions. Our objective is to ensure that resources of the organization are optimized to deliver maximum possible value. we provide following services:

1. Risk assessment and development of risk based audit plan;
2. Evaluating the adequacy of the system of internal controls;
3. Recommend improvements in controls.
4. Assess compliance with policies and procedures and sound business practices.
5. Assess and ensure compliance with legal and contractual obligations.
6. Review operations/programs to ascertain whether results are consistent with established objectives and whether the operations/programs are being carried out as planned.

• Implementation of Ind AS and IFRS

The implementation of Ind AS is a major change process requiring substantial preparation and training effort for which the company must establish a project team and dedicate considerable resources. Our audit methodology will include thoughtful communication with the board of directors, shareholders and other stakeholders for Implementing Ind AS, which is likely to impact key performance metrics. Internally, Ind AS implementation can have a wide-ranging impact on a company’s processes, systems, controls, income taxes and also contractual arrangement. We assist in full-fledged implementation of Ind AS through strategic assessment, a proper audit plan, arrangement of training for the staff, providing the proficient staff with excellent Ind AS knowledge, good project management and finally ensuring a smooth Ind AS conversion.

• Stock Audit/Debtors Audit

We follow a strict audit and reporting mechanism that strives for the best and makes sure that each minute aspect of stocks is evaluated and findings are reported in a transparent manner to levels/authorities concerned. Stock audits are also undertaken for banks and other financial institutions which have extended credit to businesses by creating security against Inventory, Receivables and other current assets. We take full care to provide you with comprehensive and most accurate figures of inventories. During this audit, all the records of purchase, sale and movements of stock are taken carefully. We follow the procedures that are laid out by the bankers and we have experience in performing Stock and Receivable audits across industries in India.

• Setting up of Business

We advise the right model of business and legal structure of the business entity suitable for you and we assist to incorporate Private Limited, Public Limited, Limited Liability Partnerships (LLP), One Person Companies, Section 8 Companies in India and provide the complete solution for incorporation in India. We also assist to incorporate business organisations in other formats as well like formation of partnership, trusts etc.,

• Payroll Audit

We help the management to set-up, maintain and ensure timely and accurate processing of employee payroll in line with payroll manual, HR policies and regulations. We also provide Compliance Diagnostics – Comprehensive diagnostic check of business to identify and remediate compliance gaps. We ensure that the salary is paid after deducting the TDS and verify calculations and the proofs submitted by the employees for claims.

• Offshore bookkeeping

We offer a comprehensive range of tailored offshore accounting and finance services to allow clients to gain optimum utility from resources and focus on their core business activities. Our offshore accounting services like Management Reporting, Payroll Processing, Bookkeeping, Taxation, Credit Control and Accounting Administrative Services which will help entrepreneurs to go further in providing a competitive advantage to their clients.

• Trade Mark Registration

We offer consulting and advisory services in the Trade Mark registration process, we also assist our clients to do initial application filing and further follow up/ reply forms to be filed related to Trade Mark Registration services.

Project studies/ reports

We provide advisory and consultancy services with respect to new projects to be initiated by existing businesses or individuals interested in starting a new project, we do a broad study on the viability of the project, the market available for the project, the expected cash flows and compliances for the project with the investment proposed.

• Other Services

We also provide the following services,

1. Net worth certificate (as required for Visa Application)
2. 15CA and 15CB certification (for remittances to be made to other countries)
3. Other Statutory and regulatory certification.
4. Import Export Code application
5. MSME registration
6. EPF/ ESI registration
7. Professional Tax registration in Chennai.