Professionals & Small Business Compliance

 Custom Solutions – Professionals & Small Business Setup

For :- Doctors, Lawyers, Architects, Photographers, Trainers  etc.

Best Chartered Accountants in Bangalore

Customized CA Compliance Module for Small Business and Individual Professionals in Bangalore

DUAL BENEFITS for Professionals thereby

o   Claim Benefits u/s 80C , NSS and other individual benefits for salary income.

o   Avail Corporate Advantage including Depreciation, Rent, Miscellaneous Expenses on business income from the best CA.

  • Business Expense can be claimed for all Office Rent, Travel, Conveyance, Depreciation On Assets being part of business, Payroll as in Salary Payments to Staff, etc.
  • Manage TDS Compliance with TDS to be deducted for payments above 30k to individuals and 75k  to  Companies  with TDS  rates…1,2, 10% as per applicability

           o    For, TDS not deducted, expenses will be added back to the income

Service tax registration 

  • Service tax registration mandatory for revenues > 10 lacs .
  • ST returns to be filed quarterly or half-yearly as per applicability.

CA Packages for Service tax

GST Migration & Readiness; Smooth Transition to GST Regime

 Registration + Return Filing – PACKAGE starts @ 10K

  • Presumptive taxation for small business with turnover up to 2crs—6% as income as taxable income & Enable to File taxes, Tax Return of Income
  • Professionals up to 50 lacs receipts from the profession, 50% as income as taxable income & Enable to File taxes, Tax Return of Income
  • Registration starts from PAN, TAN, SHOPS & ESTABLISHMENT, SERVICE TAX REGISTRATION, GST MIGRATION
  • Enable Business into GST WORLD  with GST Compliance & Support
  • No Books Of Accounts to be Maintained, however advisable
  • TAX RETURN FILING as part of Service.

All these services are provided by CAs with years of experience to deal with all sorts of details.

7 Simple business tips for Start-ups and Small Businesses

Success tips for Start-ups and Small Businesses

Startup or Small Business : While there are many small scale business ideas and opportunities in India with low investment and potential profits, the initial hitch to break the ice, always remains a challenge.

Small business works on following principles in order to be successful irrespective of its environment:

Usability
Product or Service has to deliver value to the end user or customer.
Flexibility
Startups have to adapt with changing environment & thus meet the gap on Knowledge & Skills.
Collaboration
Connect and work with both Internal and External Stakeholders & thus build consensus.
Visibility
Visibility drives the passion and with increased transparency and commitment, Effort is always perceived low..
Integration
Integration between Software, Tools and Third Party Systems often cut down on cost heavy processes to become lean and achieve operations efficiency.

Start Up

Here are few tips to set-up a Start up

  • Identify your Strength– Even before we start, First thing is to know what are we good at i.e. Individual Skills and Areas of Interest.
  • Idea with Passion–Startup  ideas need to be backed with thoughts and foresight to be future ready and consistent.
  • Mentoring– Good to follow a role model as often their experience teaches perseverance and commitment.
  • Competition– Key Learnings from Competition can also help in business strategy, as we gain on insight analysis for successes & failure.
  • Smaller Shorter Cycles– Testing is always a good strategy before the launch and hence small successful cycles can be really fruitful with lot of insights and working experience
  • Breakeven– Look to optimize on your Unproductive Costs and thus be cost breakeven as early as possible.
  • Adapt & Build– Make the necessary alternations and Build the Concept in a working Model. Invest and Grow!

The key takeaway is to automate business processes and focus on Value, Innovation & Growth.

Certicom offers all kinds of financial services required for a startups to be hassle free in financial matters.

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