Bookkeeping & Accounting
Whether you are launching a startup small business or already run an established business, Hi Tech Business Solutions can offer you a convenient bookkeeping and accounting solution. We provide you an easy access to qualified, seasoned bookkeepers and accounting professionals without you ever having to hire them.Even if you own an established business and your in-house bookkeeper is not sufficiently qualified or is unable to keep pace with the workflow, we can provide the most efficient solutions at cost-effective rates. Our bookkeeping and accounting services include the following:
- ✔ Setting up Chart of Accounts
- ✔ Accounts Payable Management (Vendor Bills and Payments)
- ✔ Accounts Receivable Management (Customer Invoices and Collections)
- ✔ Bank Reconciliations (Checking and Credit Cards)
- ✔ Inventory Management
- ✔ Recording and Reconciling Payroll Transactions
- ✔ Reconciliation of Inter Company Transactions
- ✔ Revenue Reconciliation with Bank Deposits
Controller Services
Hiring a full-time Finance Controller sounds expensive, consider our part-time Finance Controller services which will enable you to avoid spending money on high salaries yet still manage your financials. Our Controller Services provide you with access to knowledgeable CA level expertise when your business demands it. Let our professional and experienced team of financial experts perform your company’s Controller level functions when they are required. Our Controller level services can be customized to fit your needs and can include the following:
- ✔ Supervision and review of accounting staff’s work
- ✔ Ensuring all revenue earned and expenses incurred during the period has been
recorded properly
- ✔ Fixed asset management
- ✔ Reconciliation of all balance sheet accounts
- ✔ Preparation of adjusting and closing entries
- ✔ Preparation of financial statements
- ✔ Designing and Implementation of MIS Reports
- ✔ Setting up Internal Control Systems
Taxation Services
In today’s environment individuals and corporate, both are required to be compliant with number of applicable direct and indirect taxes based on nature of business, turnover of business, place of business and many more other factors. We provide reliable and authentic taxation services to our clients. We are providing taxation services to individuals as well as to our corporate clients.
Income Tax
- ✔ PAN / TAN services
- ✔ Tax planning and advisory services
- ✔ Calculation of advance tax
- ✔ Filing of income tax returns and TDS returns
- ✔ Appearing before tax authorities for assessment and appeals
Goods & Service Tax
- ✔ GST Registration
- ✔ GST calculations
- ✔ Filing of GSTR1 and GSTR3B Returns
- ✔ GST Reconciliations
- ✔ Annual Return Filing
- ✔ GST Audits and Scrutiny
HRM Services
At Hi Tech Business Solutions we provided end to end Hire to Retire services to our clients. We provide superior quality HRM and payroll processing services to our clients. These services are rendered by experts of the domain who help in streamlining the HR department and other related activities. Furthermore, our services cut down time and effort required in administrative tasks associated with HRM and payroll management. We cover the following activities:
Hire to Retire Service:
- ✔ Joining Formalities
- ✔ Employees Master Data Management
- ✔ Policy Formation and Implementation
- ✔ Employees Record Maintenance
- ✔ Exit Formalities
Monthly Payroll Processing:
- ✔ Managing attendance and making adjustments
- ✔ Auto leave accrual and closing balance
- ✔ Creation & maintenance of employee master
- ✔ Preparation of salary structure of new employees
- ✔ Preparation of monthly salary register / sheet.
- ✔ Computation of arrears (changes in CTC / previous month adjustments etc.)
- ✔ Managing variable / ad-hoc payouts
- ✔ Maintaining and tracking records for CTC reimbursements
- ✔ Full & Final settlements for resigned employees
- ✔ Managing and tracking employees’ loans and advances
- ✔ Bank advise for salary transfer
Payroll Legal Compliances:
- ✔ Calculation & deduction of PF as per act & HR policy
- ✔ Filling and submission of nomination & declaration forms of employees (Form 2 )
- ✔ Preparation of monthly challan (ECR) for deposit of EPF contributions
- ✔ Assisting employees in getting their benefits under the scheme
- ✔ Calculation & deduction of ESIC
- ✔ Preparation of monthly challan for deposit of ESIC contribution
- ✔ Filling of half yearly return
- ✔ Calculation, deduction and deposit of Labour Welfare Fund
- ✔ Appropriate deduction of TDS on salaries on monthly basis
- ✔ Filling of quarterly e-TDS return (Form 24Q)
- ✔ Preparation of Form 16
Start Up Services
- ✔ New Entity Setup – Formation of Proprietorship / Partnership /
Society & Trust / Private Limited Company
- ✔ Ensuring all revenue earned and expenses incurred during the period has been
recorded properly
- ✔ PF / ESIC registration and compliances
- ✔ CLRA registration and compliances
- ✔ Shop & Establishment registration and compliances
- ✔ Trademark registration
- ✔ STPI registration and compliances
- ✔ Food License
- ✔ IEC Code