Accounting and compliance support for new businesses
Starting up means registrations, books, returns and deadlines, usually while you are busy building the business itself. We set up what you need, keep the books every month and file your returns on a fixed calendar. A short monthly update tells you what's done and what's due, so you can spend your time on running the business.
A typical month for a monthly GST filer
- By the 5thLast month's invoices and bank statements reach us
- 7thTDS deducted last month is deposited
- 11thGSTR-1 filedDetails of last month's sales
- 15thPF and ESI contributions paidOnce you have employees covered by them
- 20thGSTR-3B filed and GST paid
- Month-endBooks closed and your status update sent
Indicative dates. Quarterly (QRMP) filers and Professional Tax follow different dates, and due dates can change by government notification.
Who this is for
Businesses in their first few years, whatever the structure.
- First-time founders
- Private limited companies and LLPs
- Proprietorships and partnerships
- Online sellers and D2C brands
- Consultants, agencies and other service businesses
- Shops, cafés and restaurants
- Traders and small manufacturers
What we take care of
Which of these apply depends on your structure, turnover, activities and whether you employ staff. We confirm the list for your business before we start.
Setting up
- Guidance on structure: proprietorship, partnership, LLP or private limited company
- Company and LLP incorporation filings
- PAN and TAN
- GST registration
- Udyam (MSME) registration
- Shop and establishment intimation or registration
- Professional Tax enrolment and registration
- PF and ESI registration, when they apply
- Startup India (DPIIT) recognition application
- Import Export Code, if you trade across borders
Every month
- Bookkeeping in Tally Prime, Zoho Books or the software you use
- Bank and cash reconciliation
- GST returns, with input tax credit matched to GSTR-2B
- TDS calculation and payment
- Payroll support and PF, ESI and Professional Tax compliance
- A monthly compliance status update
Every quarter and year
- Quarterly TDS statements
- Advance tax estimates
- GST annual return, where it applies
- ROC annual filings for companies and LLPs
- Income-tax returns
- Year-end schedules for your auditor and lenders
What you receive
Your compliance calendar
Every return and payment date that applies to your business, in one place.
A monthly status update
What was filed, what was paid and what's coming up next month.
Books kept every month
Entries recorded and reconciled with your bank, not left for year-end.
One point of contact
One person who knows your business and answers your questions.
Reminders before due dates
So the documents we need reach us in time.
A year-end pack
The schedules your auditor and bank usually ask for, ready when needed.
How we start
Short call
We understand your business, your plans and what has been done so far.
Checklist
We send a list of the documents and access we need, and the engagement letter.
Set-up
Registrations, your compliance calendar and the books are set up.
First month
The first returns are filed and you receive your first status update.
Common questions
Which business structure should I choose?
It depends on whether you plan to raise investment, how much personal liability you can accept, your expected turnover and how much compliance you can manage. Our article on choosing a business structure explains the trade-offs, and on a call we can look at your plans.
When do I need GST registration?
Registration becomes compulsory once aggregate turnover crosses the threshold: in Maharashtra, ₹40 lakh for businesses that supply only goods and ₹20 lakh for those that supply services. Some businesses must register regardless of turnover, for example most sellers of goods to other states. Others register voluntarily to claim input tax credit. We check what applies to you.
I use accounting software. Do I still need an accountant?
Software records transactions. Someone still has to classify them correctly, reconcile them with the bank and the GST portal, and file returns on time. That is the part we do.
Can you also audit our accounts?
If we maintain your books, independence rules generally do not allow us to audit the same accounts. When your business needs an audit, we work with your auditor and provide the schedules they ask for.
How are fees decided?
Fees depend on the registrations involved, how many transactions you record each month and the size of your payroll. We share a written quote after a short call.
Do we have to meet in person?
No. Most of the work happens over email, messages and calls. If you're in Pune, you're welcome at our office, or we can visit you.