At Channaco LLP, we offer a comprehensive suite of accounting and financial services designed to meet the diverse needs of businesses and individuals. Our team of experienced Chartered Accountants, led by Rahul Channa and Rashika, is dedicated to providing tailored solutions that help you navigate the complexities of finance with confidence and ease. Below is an overview of the key services we provide:
1. Accounting Services
Accurate and timely accounting is the backbone of any successful business. At Channaco LLP, we offer a full range of accounting services that ensure your financial records are meticulously maintained and compliant with regulatory standards. Our services include:
Bookkeeping: We manage your day-to-day financial transactions, including sales, purchases, receipts, and payments, to keep your financial records accurate and up-to-date.
Financial Statement Preparation: We prepare comprehensive financial statements, including balance sheets, income statements, and cash flow statements, that provide a clear picture of your business’s financial health.
Accounts Payable and Receivable: We manage your accounts payable and receivable processes, ensuring that your financial obligations are met on time and that your revenue streams are efficiently managed.
2. Taxation Services
Navigating the complexities of tax regulations can be challenging, but our expert team is here to guide you through every step. We offer a range of taxation services designed to minimize your tax liabilities while ensuring full compliance with the law. Our services include:
Income Tax Return (ITR) Filing: We assist both individuals and businesses in preparing and filing accurate income tax returns, ensuring that all deductions and credits are maximized.
Tax Planning and Advisory: Our proactive tax planning services help you structure your finances in a way that optimizes tax efficiency and prepares you for any upcoming tax obligations.
GST Compliance: We provide comprehensive GST compliance services, including registration, return filing, and advisory, to help you navigate the Goods and Services Tax (GST) regime.
3. Audit and Assurance Services
At Channaco LLP, we understand the importance of trust and transparency in financial reporting. Our audit and assurance services are designed to provide stakeholders with a clear and accurate assessment of your financial position. Our services include:
Statutory Audits: We conduct thorough statutory audits in accordance with applicable laws and regulations, providing assurance that your financial statements are free from material misstatement.
Internal Audits: Our internal audit services help you identify and mitigate risks, improve internal controls, and enhance the efficiency of your operations.
Due Diligence: Whether you are planning a merger, acquisition, or investment, our due diligence services provide a detailed analysis of financial and operational risks, helping you make informed decisions.
4. Payroll and Employee Management Services
Managing payroll and employee benefits can be complex and time-consuming. At Channaco LLP, we offer a range of services to streamline these processes, ensuring compliance and efficiency. Our services include:
Payroll Processing: We handle all aspects of payroll processing, from calculating salaries and wages to managing deductions, taxes, and benefits, ensuring that your employees are paid accurately and on time.
Employee Tax Compliance: We assist in ensuring that your business complies with all employee-related tax obligations, including TDS (Tax Deducted at Source) and EPF (Employees' Provident Fund).
Employee Benefits Administration: We manage employee benefits programs, including health insurance, retirement plans, and other perks, ensuring that your workforce remains motivated and satisfied.
5. Business Advisory Services
At Channaco LLP, we go beyond traditional accounting to offer strategic business advisory services that help you achieve your long-term goals. Our services include:
Financial Planning and Analysis: We provide comprehensive financial planning and analysis services that help you make informed decisions, improve profitability, and manage cash flow effectively.
Business Valuation: Our business valuation services provide an objective assessment of your company’s worth, whether for sale, merger, acquisition, or strategic planning purposes.
Risk Management: We help you identify, assess, and manage financial risks, ensuring that your business is prepared to handle uncertainties and challenges.
6. Corporate Compliance and Secretarial Services
Staying compliant with corporate regulations is essential for any business. Our corporate compliance and secretarial services ensure that your company adheres to all legal and regulatory requirements. Our services include:
. Company Formation and Registration
We assist you in the entire process of forming and registering your company, ensuring that all legal requirements are met. This includes:
Entity Selection and Structuring: We guide you in choosing the most appropriate legal structure for your business, whether it be a private limited company, limited liability partnership (LLP), or another entity type, based on your specific needs and goals.
Name Reservation and Registration: We help secure your company’s name and complete the necessary registration processes with the relevant authorities.
Drafting and Filing of Incorporation Documents: We prepare and file all required incorporation documents, including the Memorandum of Association (MOA) and Articles of Association (AOA), ensuring compliance with the Companies Act and other applicable laws.
Obtaining Registrations and Licenses: We assist in obtaining necessary licenses and registrations, such as GST registration, PAN, TAN, and other industry-specific permits, to ensure that your business is fully compliant from the outset.
2. Ongoing Corporate Compliance
Maintaining compliance with corporate regulations is crucial for the smooth operation and growth of your business. We offer comprehensive ongoing compliance services, including:
Annual Compliance Filings: We handle all your annual filings, including the submission of financial statements, annual returns, and other statutory documents with the Registrar of Companies (RoC).
Board Meeting Support: We provide support for organizing and documenting board meetings, including drafting notices, agendas, minutes, and resolutions, ensuring that all meetings are conducted in compliance with legal requirements.
Statutory Registers Maintenance: We maintain and update statutory registers, such as the register of members, directors, charges, and share transfers, ensuring that your records are accurate and up-to-date.
Corporate Governance Advisory: We offer advice on best practices in corporate governance, helping you establish and maintain effective governance frameworks that promote transparency, accountability, and compliance.
3. Secretarial Audits and Compliance Reviews
We conduct secretarial audits and compliance reviews to ensure that your company is fully compliant with all applicable laws and regulations. Our services include:
Secretarial Audits: We perform secretarial audits to assess your company’s compliance with corporate laws, identifying any gaps or areas of non-compliance, and providing recommendations for corrective actions.
Compliance Health Checks: We conduct periodic compliance health checks to ensure that your business is adhering to all regulatory requirements, minimizing the risk of penalties and legal issues.
Due Diligence for Mergers and Acquisitions: We provide due diligence services for mergers, acquisitions, and other corporate transactions, ensuring that all legal and regulatory aspects are thoroughly reviewed and addressed.
4. Corporate Restructuring and Liquidation
Whether you are planning a corporate restructuring or winding up a business, we offer expert guidance and support throughout the process. Our services include:
Corporate Restructuring: We assist with corporate restructuring activities, including mergers, demergers, amalgamations, and capital restructuring, ensuring compliance with all legal and regulatory requirements.
Voluntary Liquidation: We provide support for the voluntary liquidation of companies, including the preparation and filing of necessary documents, creditor communications, and asset distribution, ensuring that the process is handled efficiently and in accordance with the law.
Strike Off Services: We assist in the strike-off process for dormant or defunct companies, helping you navigate the procedural requirements to close your business in a compliant manner.
