Empowering Financial Transparency and Trust

At Sakthi and Associates, we deliver comprehensive finance reporting and assurance services to ensure the accuracy, reliability, and compliance of our clients’ financial information. Our team of experienced professionals is dedicated to providing high-quality financial solutions tailored to the unique needs of each business.

OUR SERVICES ENCOMPASS A WIDE RANGE OF OFFERINGS, INCLUDING : 

Financial Statement Preparation, Review, and Audit: We meticulously prepare, review, and audit financial statements to ensure they accurately reflect the financial health of your business.

Internal Control Assessments: We assess your internal control systems to identify and mitigate risks, enhance operational efficiency, and improve overall financial performance.

Financial Advisory Services: We provide strategic financial advice to help you make informed decisions, optimize your financial operations, and achieve your long-term goals.

>   Maintenance of books of accounts.
>   Providing detailed report on variance analysis.
>   Accounts payable / receivable processing.
>   Payroll processing.
>   Banking support (cheque processing, support for managing working capital).
>   Ensure proper management of cash and reporting on fund status.
>   Preparation of annual statutory accounts Monthly reports and audit support.
>   Coordinating with statutory and internal auditors and provide necessary details.
>   Ensuring compliance and maintenance of statutory records such as filling of VAT, TDS and Service tax return.
>   Other MIS information as required by the management.
>   Preparation of financial statement on monthly basis.
>   Improvements in the financial reporting process chain.

Building Trust Through Independent Assurance

Our assurance services provide independent validation and verification of financial information. We conduct rigorous audits and reviews to assess the reliability and accuracy of financial statements. Our goal is to instill confidence in stakeholders by providing assurance that the financial information presented is fair, accurate, and compliant with applicable accounting standards and regulatory requirements.

Fortifying Corporate Governance and Ensuring Compliance

At Sakthi and Associates, we recognize the paramount importance of robust corporate governance in safeguarding an organization’s long-term sustainability. Our team of seasoned professionals delivers comprehensive corporate governance and secretarial services to ensure compliance with regulatory mandates, protect shareholder interests, and elevate corporate reputation.

OUR SUITE OF SERVICES ENCOMPASSES:

• Board Advisory Services: We provide strategic guidance to boards of directors, ensuring effective decision-making and oversight.
• Secretarial Compliance: We meticulously handle all statutory and regulatory compliance matters, including filing returns, maintaining statutory records, and conducting board and shareholder meetings.
• Risk Management: We assist clients in identifying, assessing, and mitigating risks that could impact their business operations and financial performance.

Board Governance : We help the companies to keep up the pace with respect to : –

1.   Key Issues to be addressed by the Board of Directors.
2.   Disclosure Requirements of the Board.
(Extract of annual return, policy on appointment and remuneration of Directors, comments on qualifications, contracts with related parties, formal evaluation of Board performance, etc.)

Filing Requirements :-

1.   New Filing Requirements and Due Dates: Preparation & Filing of any E-form with ROC including Annual forms.
2.   Preparation and Maintenance of Statutory records like Notice for Meeting, Minutes of Meeting etc.
3.   Preparation of Ordinary and Special resolutions required by Company and filing the same with ROC.

By staying attuned to the dynamic regulatory landscape, we empower our clients to navigate complex compliance challenges and mitigate potential risks.

Navigating the Complex Tax Landscape

At Sakthi and Associates, we offer comprehensive direct and indirect tax services designed to optimize your tax position and minimize tax liabilities. Our team of seasoned tax professionals stays abreast of the ever-evolving tax landscape to ensure compliance and identify opportunities for tax planning and optimization.

OUR SERVICES ENCOMPASSES :-

• • Tax Planning and Advisory: We provide strategic tax planning advice to help you minimize your tax burden and maximize your after-tax profits.

  • Direct Tax Compliance: We ensure timely and accurate compliances with respect to Income Tax and TDS.
    – Preparation and filing of Income Tax Returns for all types of Assesses.
    – Computation and Payment of TDS Liability.
    – Preparation and filing Quarterly returns of TDS.

    Indirect Tax(GST) Compliance: Adhering to the rules, regulations and procedures set under GST system.
    – GST Registration
    – Invoicing and Documentation
    – Filing GST Returns (GSTR-1, GSTR-3B, GSTR-9, GSTR-4)
    – Input Tax Credit (ITC)
    – E-way Bill and Invoicing(if applicable)
    – Payment of GST
    – Reconciliation and Audits
    – Penalties and Late fees

  • Tax Audits and Investigations: We represent clients before tax authorities and assist in resolving tax disputes and inquiries.

  • Transfer Pricing: We help clients develop and implement robust transfer pricing policies to mitigate transfer pricing risk, we do Transfer pricing Certification and Study.

  • Customs Duty and International Tax: We provide expert advice on customs duty and international tax matters, including cross-border transactions and foreign tax credits.

  • Tax Accounting: supporting quarterly and annual tax provision calculations, validating tax balance sheet accounts-(The scope and nature of our services may differ depending on the Nature of the Assessee)

  • Income Tax return – Preparation and Filing – All types of Assessee.
  • Representation with Income Tax department in case of Scrutiny and Hearings.
  • Preparation and Filing of TDS returns.
  • Assisting multinational clients on Double Taxation Avoidance Treaties (DTAA), tax holidays available to 100% Export Oriented Units, Special Economic Zones (SEZ), and Foreign Trade Zone (FTZ).
  • Assisting clients in matters relating to tax aspects of Commercial Transactions, Sales, Mergers and Acquisitions, Restructuring and Reconstruction.
  • Advising on Value Added Tax (VAT), Service tax, Customs procedures, Import and Export levy valuation planning, Classification, Duty entitlements etc.
  • Assisting clients in a wide range of issues relating to Service tax on cross-border transactions.
  • Assisting clients with documentation relating Joint ventures, Mergers, Asset Purchase agreements, Shareholders agreements and documents relating to financing and employment.
  • Advising on issues relating to Entry tax, Excise duty implications and CENVAT.
  • Assisting foreign companies seeking to distribute their products in India to ascertain Customs, Countervailing and other duties applicable on their products.
  • Handling litigations with regard to Excise, Customs, Service tax, Sales tax.

By leveraging our deep understanding of tax laws and regulations, we help clients navigate the complex tax landscape and achieve their financial objectives.

Fortifying Your Business Against Risk

At Sakthi and Associates, we recognize the critical role of effective risk management in safeguarding your organization’s future. Our team of seasoned professionals provides comprehensive risk and regulatory advisory services to help you identify, assess, and mitigate potential risks.

OUR SERVICES INCLUDE :-

• Risk Assessments: We conduct thorough risk assessments to identify and prioritize potential risks, enabling you to focus on critical areas.
• Internal Control Reviews: We evaluate your internal control systems to ensure they are effective in mitigating risks and safeguarding your assets.
• Regulatory Compliance Advisory: We help you navigate the complex regulatory landscape by providing expert advice on compliance requirements and best practices.
• Build Your Compliance Register (list of compliance obligations) across all applicable laws – Corporate Secretarial, Tax and other regulatory requirements by RBI, SEBI etc.

INTERNAL AUDIT
Our internal audit offering assists clients with:

• Conducting audit and reviews as per the designed Internal Audit plan.
• Risk assessment, execution and reporting to the Management.
• Business Process Re-Engineering and Process Designing.
• Strengthening of internal control environment in the normal course of business.
• Perform an assessment of a client’s internal controls relative to strategic, compliance, operational and/or financial risks of their business environment.

By proactively addressing risks and regulatory challenges, we empower our clients to protect their business, enhance their reputation, and achieve long-term success.

Valuating Businesses & Optimizing M&A Strategies

At Sakthi and Associates, we provide comprehensive business valuation, acquisition, and due diligence services to help clients make informed decisions and achieve their strategic goals. Our team of seasoned professionals possesses deep industry knowledge and technical expertise to assess the value of businesses, conduct rigorous due diligence investigations, and support clients throughout the entire M&A process.

OUR SERVICES ENCOMPASSES:

• Business Valuation: We provide accurate and reliable valuations of businesses and assets to support strategic decisions, such as mergers, acquisitions, and divestitures.
• Financial Due Diligence: We conduct comprehensive financial due diligence to assess the target company’s financial health, identify potential risks, and uncover hidden opportunities.
• Tax Due Diligence: We evaluate the tax implications of transactions, identify potential tax liabilities, and develop strategies to minimize tax costs.
• Post-Merger Integration: We assist clients in seamlessly integrating acquired businesses, optimizing operations, and realizing synergies.

By leveraging our expertise, we empower our clients to identify potential opportunities, evaluate risks, and maximize the value of their transactions.

Exclusive Services For Small Medium Enterprises [SME]

Your Outsourced Accountant: A Strategic Partner for Your SME

Managing the financial aspects of a business can be complex, time-consuming, and costly—especially for Small and Medium Enterprises (SMEs). Outsourced accounting provides a cost-effective and efficient solution by offering professional financial management without the need for an in-house team.

At Sakthi And Associates, we serve as your outsourced accountant, handling everything from bookkeeping and payroll to tax planning and financial reporting, allowing you to focus on growing your business.

LET US BE YOUR OUTSOURCED ACCOUNTANT:

An outsourced accountant for Small and Medium Enterprises (SMEs) can provide a range of financial services without the need to hire a full-time in-house accountant.
This can be a cost-effective and efficient solution for businesses looking to manage their finances professionally while focusing on core operations.

Services Typically Offered by Outsourced Accountants:

•   Bookkeeping (daily/weekly/monthly)-Depends on the clients requirement, customizable.

•   Payroll processing (Monthly Activity which includes – Employee data management, Salary Calculation, Tax deductions and Compliance)

•   Financial reporting (Includes Preparation and Presentation of Profit and Loss Statement, Balance Sheet, Cash Flow Statement, Statements of Changes in Equity)

•   Financial Analysis (Includes Ratio, Trend, Variance and break-even Analysis)

•   Tax planning and compliance (Includes all the compliances with respect to payment and return filing requirements of GST, TDS, Professional Tax, EPF and ESI Contributions)

AUDIT PREPARATION : Steps for Effective Audit Preparation

>   Step 1: Understand the Audit Requirements
Identify the type of audit and the specific requirements based on regulatory and industry standards.
>   Step 2: Organize Financial Records
Ensure that the following documents are complete, accurate, and up to date:
Financial Statements: Income Statement, Balance Sheet, and Cash Flow Statement.
General Ledger and Trial Balance.
Bank Statements and Reconciliations.
Invoices, Receipts, and Expense Reports.
Tax Returns and GST Filings.
>   Step 3: Review Internal Controls
Assess internal processes for handling financial transactions, approvals, and documentation.
Identify and address any weaknesses or gaps in internal controls.
>   Step 4: Reconcile Accounts
Perform reconciliations for:
Bank accounts.
Accounts receivable and payable.
Inventory.
Fixed assets.
>   Step 5: Verify Supporting Documentation
Ensure that all financial transactions are backed by appropriate supporting documents, such as:
Sales and purchase invoices.
Payroll records.
Contracts and agreements.
Loan and lease documents.
>   Step 6: Address Prior Audit Findings
Review any issues or recommendations from previous audits and take corrective actions.
>   Step 7: Prepare for Auditor Queries
Be ready to explain any unusual transactions, changes in accounting policies, or significant variances in financial performance.
>   Step 8: Ensure Compliance with Regulatory Standards
Verify that your financial records comply with applicable accounting standards (e.g., Indian Accounting Standards – Ind AS).
>   Step 9: Conduct a Pre-Audit Review
Perform an internal review of financial statements and supporting documents to identify and correct any errors before the audit.

KEY BENEFITS OF OUTSOURCING ACCOUNTING FOR SMEs :-

1.   Cost-Effectiveness

No need to pay full-time salaries, benefits, or training costs.
Pay only for the services you need, reducing overhead expenses.

2.   Expertise & Accuracy

Access to experienced accountants with industry knowledge.
Reduced risk of errors in financial reporting and tax compliance.

3.   Time Savings

Frees up your time to focus on growing the business rather than managing books and payroll.

4.   Scalability

Easily scale services up or down based on your business needs.

5.   Advanced Technology

Outsourced Accountants often use the latest accounting software and cloud-based solutions for real time reporting & analysis.

6.Compliance and Risk management

•   Ensure compliance with tax laws and regulations and reduce the risk of penalties.

•   Gain Insights into financial risks and strategies for better cash flow management.