The Associated Consulting Group
ACG has been rendering essential support services to the startups and foreign corporations opening their offices or subsidiaries in India, particularly during their initial years of formation.
The nature of services offered by ACG are such that is not reserved for any recognized professional body to render under the Indian law. With vast knowledge, experience and contacts backing us, the group is well positioned to render, address and redress concerns in the following domains:
Accounting including payroll, vendor management and tax filings:
Accounting
Helping you focus on your core business; we assist and provide our clients, end-to-end Accounting and Bookkeeping services with the help of popular licensed software. The scope of such services includes the following:
- Generation of GST complying Sales invoices of the clients.
- Vendor payments after deduction of tax at source where applicable.
- Bank reconciliation.
- Deposit of applicable taxes in the account of the Government treasury before the due dates.
- Financial and operating MIS reports including statements relating to revenue, expenses and other capital expenses, receivables and payables statements with age analysis.
- Assisting the client in updating the fixed asset register on periodical basis.
- Preparation of financial statements including Profit and Loss account, Balance Sheet.
- Coordinating with the client executives, the bankers (if putter mandate is granted to us), the auditors, the vendors and business partners of the clients, wherever specifically desired.
- Assisting the clients in the audit exercise including providing all support in answering to queries and concerns during the audit process.
Payroll
The Payroll services are personalized in nature with confidentiality and privacy parameters maintained and upheld at all levels of rendering such services. Such services include the following:
- Devising a tax friendly salary structure for the employees on hiring or upon increment in terms of the policy framework of the client concern, if any.
- Verifying the attendance record of the employees as received from the client and updating leave/holiday register of the employees, if instructed.
- Obtaining confirmation from the employer on any deduction, adjustment or apportionment of any amount from the employee.
- Maintaining electronic records of the employee’s identify, address proof, academic and professional education and work experience credentials wherever instructed and periodically verifying from the client on change in the address and contact number(s) of the employees.
- Preparing salary statements/slips of the employees on monthly basis identifying various elements of salary.
- Undertaking statutory compliances (including depositing as applicable to the client’s establishment including the Provident Fund Act, Employees State Insurance Act, Shops and Commercial Establishments Act, the Professional Tax, the Gratuity Act, POSH, Contract Labour etc.)
- Preparing salary TDS certificate in respect of each employee as mandated under law.
- Preparing Monthly MIS report in respect of employee reimbursements.
- Entries for PF / PT / TDS/ ESIC/ LWF and other specific provisions required at year end.
- Preparing full and final settlement in respect of an employee who has resigned or is terminated
Taxation
Our services relating to Tax filings include the following:
- Filings under the income tax Act including quarterly TDS returns and annual tax return.
- Filings under the Goods and Services Act Tax including monthly/quarterly returns and the annual return.
Our Team
Ms. Nitika Sood
B.Com, B.Ed
Ms. Sakshi Katyal
B.Com, MBA(Finance)
Ms. Lalita Bisht
M.Com, Certified Industrial Accountant
Our Approach
We specialize and assist employers in hiring the right manpower to cater to their requirements for CEO’s, COO’s, CFO’s CTO’s, in-house legal counsel, company secretaries, accounting, finance and taxation requirements at all cadre/levels particularly in Information Technology and automotive sectors.
We think and act as a Team that adopts an action oriented and a practical approach in executing work and rendering services. We deter from taking advantage of client’s situations and circumstances for gains.