Friday 6 July 2018

How to Set Up a Business Around Delhi

Every individual, business and a private firm in India needs chartered accountants to handle their money and tax related work. CAs are especially needed when an individual or group of individuals want to set up a new business or start a new venture. Delhi and its surrounding cities like Noida, Gurugram and neighboring regions have become a center of business activity in North India. Setting up a business and maintaining it requires the help of CA firms that are capable of handling tax process and giving sound financial advice to their clients. The following are ways in which CA Firms in Noida and other regions around Delhi help setup businesses.



Solutions Offered By CA Firms to Start a Business

Generally while starting a company, the first step is to register the company with the Registrar of Companies or ROC. Either a Private Limited Company can be set up or a Limited Liability Company can be set up depending on the size of the company, the number of shareholders and the organizational structure of the company. Chartered accountancy firms help set up and register a client’s company with the ROC. Company Formation in Noida will be very easy if the work is given to a reputed CA firm in Noida which will handle the entire process. This process includes the filing of the Memorandum of Association (MOA) and the Articles of Association (AOA) with the ROC.

Chartered Accountancy Services – After Forming a Business

Hiring a Chartered Accountant in Delhi will help a business stay on track with a number of key processes needed to keep a business afloat and flourishing. XBRL Filing, stock audits, technical audits and accounting and bookkeeping of the firm is often outsourced to reputed Chartered accountancy firms in the city. This helps business keep up with their finances and also ensures an outside vigilance is maintained, regarding the financial aspect of a company. Companies hire CA firms for other tasks like complete payroll processing and tax advice and consultancy regarding income tax, service tax, and excise. Goods and Services Tax has been introduced recently in India. CA Firms help businesses file exact Goods and Services Taxes by providing advisory on how this new law is to be implemented. Besides this chartered accountant help businesses in other areas like registration of trademarks, accounting as per revised government rules and taxation services for nonresident Indians. Other services offered by the CA firms include preparation and filing of tax returns, advising clients on tax strategies and also helping out international firms with international taxation rules and policies.

Setting up a business is not a difficult task if a reputed chartered accountancy firm is involved in the process. There are many rules, regulations, and policies that are listed in setting up a business in India and so doing things by the book is always advisable.