What We Do

GoingConcern is your one stop shop for all the accounting, tax and regulatory requirements of your business. Beginning from setting up your business, we can take responsibility for the accounting, finances, tax, compliance/regulatory functions of your business. Since our firm is relatively small, we make up by providing our clients with highly personalized and quality service that is beyond comparison.

Below we have listed the services that we can offer to our clients along with a brief description. As the list below is by no means all inclusive, please feel free to enquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.

Accounting services: Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently. We provide a full range of accounting services including Book keeping services which includes entry of transactions in the accounting software, complete maintenance of accounting records as per statutory requirements, periodical reconciliations, Accounts Payable Management, Accounts Receivable Management, Bank Reconciliations, Document management, Inventory management, monthly/quarterly/half yearly/yearly MIS reports and any other special reports as required by the management of the company from time to time.

Audits, Review & Compilations: We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on all three levels of assurance. We provide audit services (an intensive examination with the highest level of assurance), review services (analytical procedures conducted with limited assurance) and compilation services (based upon information the client provided and used primarily for internal purpose) for the financial data of your company. We also perform Internal Audit assignments for the review of process controls and review of financial data of the company. We provide assistance services for Statutory audits including file building, preparation of audit schedules, compilation of reports etc as required by the statutory auditors of your company. We also perform special assignments such as verification, identification marking and valuation of Fixed Assets, valuation of shares, receivables audit, payables audit, stock audit etc.  

Financial Statements & Reports: We can assist you in the preparation of your company’s financial statements in accordance with the applicable standards, but express no opinion or any other form of assurance on the underlying information included in them.  We can also assist you in preparation of other customized and special reports based on your requirements, to help you make a better decision for your business.

Financial Forecasts & Projections: Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modelling, we can assist you in preparing the reports, based on the industry data as well as the company’s history, for your better business decision making.

Cash flow & Budgeting Analysis: A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements and track cash flow sources and uses. We can also assist you in reporting on the deviation from the standard/set budget and assist you in planning and preparation of the budget for the coming periods.

Business Set up services: We begin with advisory services on suitable business structure, shareholding pattern, amount of Foreign Direct Investment (FDI) allowed in the industry etc   keeping in view the idea of your business model for your company. Once after deciding on the structure, we can assist you on getting the required registrations, approvals and licenses done for the commencing and running of your company’s business operations. We can assist you on setting up of any of the business structures namely Public Limited Company, Private Limited Company, Partnership Firm, Proprietary Concern, Limited Liability Partnership (LLP), Joint Venture, Branch office, Project office, Liaison office etc. We can also assist you in obtaining the post incorporation registrations done for the company viz Permanent Account Number (PAN), Tax deduction Account Number (TAN), Importer Exporter Code (IEC), STPI, SEZ, Value Added Tax (VAT), Customs & Excise (for Service tax, Excise duty) , Provident Fund (PF), Employee State Insurance (ESI), Shops & Establishment Act (labour license) and all other applicable Acts. 

Taxation Services: We can provide you with assistance in taxation services for our corporate clients as well as individual clients (including the employees of our corporate clients). We can also provide financial advisory and tax planning services to Non Resident Indians (NRIs) and assist our individual clients in getting their PAN card and filing of tax returns. Shortly, we are also venturing into the International Taxation services as well to better cater to the requirements of our clients.

Payroll Services: As your business grows, you must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient and effective payroll system. We can assist you in reconciling the employee advances, loss of pay calculations, over time allowance calculations, incentive calculations etc and statutory deductions on a monthly basis and arrive at the monthly payroll figure. Further, we can also assist you in the preparation and mailing of individual pay slips to each employee of the company, Salary Certificate (Form 16) to each employee at the end of the financial year. We can also provide support to your employees by addressing any queries they might have on their salary, deductions etc.

Statutory Payments: Timely and correct remittances of statutory dues are very important and are often ignored by many companies. We can assist you in the calculation and verification of the applicable statutory dues of the company. Further, we can also assist you in filling the prescribed form/challans and make sure the payment is remitted on time every time. A few of the periodical statutory dues include, Professional tax (PT), Provident Fund (PF), Employee State Insurance (ESI), Tax Deducted at Source(TDS), Value Added Tax(VAT), Service Tax, Advance Tax (Income tax) etc.

Labour law services: Once registered under the applicable labour law such as Provident Fund or Employee State Insurance or Factories Act, your company will be responsible to maintain certain registers and records in the prescribed format and file certain forms and returns with the prescribed authorities from time to time. We can assist you in the maintenance and updating of all the required registers and records and also assist you in preparing and filing the prescribed returns with the authorities.

Secretarial services: A company registered under the Indian Companies Act, is required to convene certain board meetings and general meetings from time to time. Further, it is also required to file certain forms with the Registrar of Companies for the purpose of intimation or approval as the case may be. We can assist you in the convening of Board meetings, Annual General Meetings or Extra Ordinary General Meetings. Further, we can also take care of preparing the minutes of the meeting and maintain them in the prescribed way. We will also be taking care of updating and maintaining the Statutory registers as prescribed by the Indian Companies Act, from time to time in addition to the preparation and issuance of Share Certificates. Further, we can assist you in the preparation of forms and filing of forms with the Registrar of Companies for Annual Accounts, Annual Return, Change in Directors, Alteration of Memorandum/Articles of Association, Increase in Share Capital, Change in Registered office address and any other intimation or approval. We can also assist you in the compliance requirements of listed companies.

Other services: We can also assist your company in certain services like assistance in setting up a local bank account for your company, returns/documents to be filed for intimation/approval with the Reserve Bank of India (RBI) from time to time, preparation of financial statements for seeking loans from banks or financial institutions, due diligence audits, forming Trusts, NGOs, advisory services on Foreign Exchange Management Act (FEMA), valuation of shares for the purpose of investment or transfer of shares, obtaining 80G certificate for NGOs.

Write to us at info@goingconcern.in for any kind of enquiries or feedback and we will revert to you.