Know Why You Need To Hire Experienced Tax Consultants in India

Do you find it difficult to file tax returns? Wondering how to get rid of the hassles of preparing and filing your tax returns? Trust us; hiring a reliable tax consultant can then be your best bet for all tax return preparation needs. Be it tax consultation, planning or some other tax-related services, these specialists can literally offer you all kinds of assistance!

Doing taxes is a job which requires a lot of preparation, focus and skill so that you can get everything right accurately. Since making errors can cause a lot of harm in the future, seeking assistance from qualified personnel can indeed be an informed choice. Be it income tax, professional tax or service tax, these experienced specialists can assist you with a range of effective services like suitable documentation, the arrangement of files, secretarial services, etc.

Read on to learn a few reasons why hiring a skilled tax consultant can be a wise decision!

5 Reasons Why You Should Hire Reliable Tax Consultants in Kolkata

Possibilities Of Higher Returns

With numerous tax laws and codes to understand, it may indeed take you some time to understand the entire procedure of filing a tax return, even before you actually do it. With lack of knowledge of the codes, you may not even be confident of claiming every possible deduction. In such a situation, hiring a qualified tax consultant can be your best way to improve your chances of higher returns.

Keeps You Up-To-Date

Being experienced professionals, tax consultants always remain updated on the various updates in tax changes and the tax laws. Thus, by working with them you can always remain aware of the changes that are going on and what exactly you need to do for adhering to the changes.

Accuracy

It goes without saying that you will not like making errors while filing your tax returns. Reliable tax consultants in Kolkata can easily tell you what you need to do exactly and how to do it with accuracy. This way, you can avoid making errors while filing your returns. Since tax returns can become very complicated, they are even prone to frequent errors. This becomes more troublesome if you have multiple sources of income like interest, wages, dividend, alimony, etc.

Expert Advisory Services

Experienced consultants have profound knowledge about company laws, service tax, income tax and professional tax. Thus, by hiring a tax consultant, you can even seek his advice and ask him for latest updates continuously whenever you want.

Expert Eye

From documentation to the arrangement of files, tax consultants can help you in every possible way while filing your returns. Thus, with a tax consultant, you will have an extra pair of eyes to look over everything before you file your returns. He can examine your files to see if you have missed anything. This way the professional can help you file your return correctly even when you are unsure of what you are claiming.

So what are you still waiting for? Quickly hire a reputed tax consultant and be assured of availing reliable tax preparation services!

Need A Reputed Auditor In Kolkata? Here's Your Ultimate Guide!

Do you think that your experts are unable to understand your financial statements? Are you on the lookout for professionals who can ensure good health of your business and offer you complete peace of mind? Trust us; appointing a reputed auditor can undoubtedly be one of your best business decisions ever!

No matter what kind of a business you are associated with, these experts have a great role to play in the day-to-day activities of your organisation. From offering premium quality legal guidance and comprehensive documentation to assisting you in various financial matters, there are many benefits of hiring an auditor. What makes their services more useful is that they can provide you with the best solution for all your business needs at the best competitive rates!

Read on then to check out our brief guide on finding a good auditor for your company!

Appointing An Eminent Auditor In Kolkata

Irrespective of what the business size is, a company needs to appoint either a reputed firm or an individual at its 1st Annual General Meeting (AGM), who will be responsible for conducting audits. The professional should hold his office from the conclusion of the 1st AGM till the 6th AGM ends. Thereafter, every new professional shall be responsible till the conclusion of every 6th AGM. However, this shall be subject to the consent of the members of the company at every AGM.

Hiring An Auditor For The Compulsory Internal Audit

Gone are the days when a company’s own employees conducted its internal audit. With the latest regulations of the new Companies Bill, it’s mandatory for companies to appoint an internal auditor in Kolkata who, in addition to internal audit services, must be able to provide various other services like- statutory audit, taxation, advisory services, etc. This professional must either be a-

• Cost Accountant
• Chartered Accountant
• Any other professional as decided by the board who will be responsible for conducting the internal audits of the company

The central government can even prescribe the intervals and manners in which the audit shall be held and reported to the respective board.

Grounds For Disqualification According To The Companies Bill

• Any firm or person who has been ‘convicted by a court of any offence’ including fraud, and a period of 10 years has not elapsed from the date of conviction 
• Any individual or firm, who directly or indirectly has some sort of a business relationship with the company, or its holding, its subsidiary or associate Company
• Any person who has a relative employed by the company as a key member of the management or a director.

Compulsory Rotation

Earlier, under the Companies Act of 1956, there was no provision for mandatory rotation of professionals. This resulted in long tenures of auditors in a particular company. However, to remove this anomaly, the new Companies Bill has prescribed rotation of professionals after serving for a specific period of time. Not only will this ensure the professional’s independence but even strengthen their diligence in role and conduct.

Now that you have this comprehensive guide, what are you still waiting for? Quickly find a leading auditing firm and start availing some exemplary services! 

What To Look For When Choosing An Auditing Service In Kolkata?

Providing the most reliable financial information that decides every major decision of a company is the main and foremost goal of an audit service. A good auditor is a person who ensures the monetary needs and holds the strong communication with the clients.

Holding a strong relationship between the auditor and the client is essential for having an accurate audit. Explaining the most monetary problem and giving solutions in simple ways that any non-audit person can understand, are the chief motive of all auditor.

No matter you are an entrepreneur who is dreaming of a big start-up or a well-established business person, you have to come in contact with the plausible chartered accountant firm in Kolkata who serves you as the best monetary friend of yours.

Here are the points based the selection process of an auditor.

Characteristics Of An Auditor That Kolkata’s Most Reliable CA Firms Are Providing :

1. The Right Qualification :

Searching for a reputed chartered accountant firm is a consequence of having a qualified bookkeeper because every reputed company tends to have the best auditing services that represent their company. A deep research will help you get the top auditing companies. Searching on the internet can be fruitful here. You may ask for proof of their qualifications and training after getting the right firm or right bookkeeper. Some firms in Kolkata hiring external auditors. In that case, asking for the certificates is a must. Don't forget to enquire about the company's certificates (ISO) and license.

2. A Strong Reputation :

The value of the proposition of an auditor should be clear when he comes from a reputed auditing firm. Existing CA firms that are struggling for strengthening the roots in the market will never provide a considerable bookkeeper with their clients. So, looking for the most reputed as well as the preferred auditing service in Kolkata is the right decision.  It's better to depend on the market status than hiring services based on your personal referrals. Every well recognised CA firm that will provide their clients with certified and smooth going service because all of them are concerned about their good reputation of auditor-client relationship.

3. Room For Negotiation :

Hiring an auditor from an auditing firm is no less than any other business power-play. You must need the best possible value and that will come through a good negotiation. Shopping around for a suitable fee, of the auditor is needed if you haven't the permanent bookkeeper from your company. A good negotiation is needed to choose a transparent chartered accountant firm.

4. Experience :

None but an experienced auditor can be the perfect partner of a business owner. The industrial goal point and the saving time of the organisation are based on the straightforward auditing process of an expert bookkeeper.

Neither audits nor the certificates are burdensome. Smartly chosen firm that is effective, experienced and reliable provides you with various assessments and know your industry well. Depending on them will be profitable indeed.