Small businesses can gain huge advantages over their competitor by outsourcing daily recording of transactions, Bookkeeping or accounting and payroll services to Thetaxseva.com.
It allows them to focus on core operations and strategic growth, sparing time and resources spent on complex financial tasks. We ensur compliance with ever-changing tax regulations and reduce the risk of costly errors. By outsourcing to us grants access to a team of experts with specialized knowledge, improving financial accuracy and efficiency. Cost-effectiveness is another advantage, as outsourcing eliminates the need for hiring and training in-house staff. Ultimately, it enhances data security through professional handling of sensitive financial information, fostering trust among clients and stakeholders while promoting scalability and adaptability in a competitive market.
Bookkeeping / Accounting Services include:
Raising of Invoices and Accounting for Invoices raised and receipts from Customers.
Verification of Vendor Bills and its payment after obtaining approvals after making necessary deductions.
Accounting for all the expenses, Purchase of assets, Monthly Payments, etc.
Bank reconciliations
Preparation of Monthly Management Information System Report.
Budgeting and Cost vs Budget analysis and reporting.
Preparing Financial Statements as per Indian GAAP.”
“Payroll processing includes:
Obtaining Income Tax Investment Declaration Forms from employees.
Advising on the Structuring CTC.
Preparation of Monthly Pay Roll register and advice to the Company for the amount to be paid, and execution of payment, Payslip generation.
Advising employees on uploading / Collection of Investment proofs on Annual basis and verification of investment proofs.
Clarifying employee on the tax matters.
Preparation and filing of Quarterly e-TDS returns for the employees of the Company.
Generation of Form 16 of the employees of the Company on an annual basis.