Accounts Process Outsourcing

At GMG LAVORO SERVICES PVT LTD, our accounting experts provide our clients with timely and accurate financial information and analysis critical to strategic decision-making. Whatever be your needs, we can preserve the financial accounts for the clients both on site and offsite. Our services like service tax and value added tax consultancy, business valuation services and project consultancy are streamlined through a combination of scalable technology and expertise, resulting in considerable cost reduction and improved control.

Our services encompass the following :

• Day to day data entry
• Voucher creation
• Month end processing
• Reporting on MIS
• Filing of statutory returns
• Monthly, annual reconciliation of various accounts
• Payroll processing
• Deduction of tax at source
• Issuing and filing of TDS related forms and returns
• Annual finalization of accounts

Our experienced professionals have assisted us in conducting internal audits for various corporate houses and business establishments. Consultants and auditors ensure that all dealings are as per the management's guidelines, policies & procedures. Further, they assist the management in improving systems and check financial data. To assist in clients business, they even help detect errors and omissions, rectify such errors, prevent fraud and cut down redundant costs.

We offer services in internal audit services matters relating to:

• Cost savings and cost reduction advices
• Review of MIS
• Financial data audit
• Testing compliance with system process and procedures
• Detection of errors and omissions
• Rectification of errors
• Prevention of fraud
• Suggestion for improvements in systems and procedures
• EDP audit and suggestion for internal control computerized environment
• Periodical reporting of audit findings

We specialize in providing accounting outsourcing services, service tax, outsource accounting services, consultancy across the spectrum of business. Our experienced tax consultants have complete knowledge about the sales tax laws & procedures and accordingly provide suggestions to our clients. We keep our customers updated with day-to-day changes in the taxes and annual returns. Along with this, we also undertake new registrations file monthly and effectively complete annual sales tax assessment.

We offer service tax consultancy for the following:

• New registrations
• Payment of taxes
• Advices on applicability
• Filing of monthly, half yearly, annual and other periodic returns
• Representing the legal notices
• Updating the client on latest changes in law

Preparing your own tax return can be complicated and confusing. We at GMG LAVORO SERVICES PVT LTD, have the tools and resources to get your income tax returns prepared correctly. Our experts advise tax planning for partnership firms, trusts, companies and individuals driving income from salary, business, rent, capital gain and other sources. We also acquaint the clients with various aspects of preparation & filing of income tax returns, transfer pricing study and transfer pricing certification and certification for foreign income remittances.

Our broad portfolio of services encompass the following:

• Tax planning for companies, partnership firms, trusts and individuals having income from salary, business, rent, capital gain and other sources
• Preparation and filing of income tax returns
• Registration under section 80G and 12A of the Income tax Act, 1961
• Representation of assessee in income tax proceedings
• Advices on taxability of foreign income
• Certification for foreign income remittances
• Transfer pricing study and Transfer pricing certification
• Withholding tax and tax deducted at source compliances
• Advance income tax compliances
• Income tax appeals before CIT (appeals)

We offer a full range of business organizational planning and consulting services; right from formation of legal entities to procedural compliance. The team of expert consultants provides the client with highest standards of professional legal and business counsel and representation. Our philosophy is to maintain a proactive relationship with our clients; assisting them in identifying and addressing potential needs. Our domain expertise in meeting different business requirements enables us to minimize the burden for our clients.

Our spectrum of services includes:

• Setting up of proprietorship, partnership, business, public and private limited companies, public & private trust, charitable & religious institutions
• All required registrations for the startups
• Setting up of Indian branch offices and liaison offices
• Transfer pricing consultancy
• Consulting in FDI regulations
• General advice on company law
• Filing of annual returns on your behalf
• Preparation of all documentation related to minutes and resolutions
• Maintenance of statutory books
• Assistance in changes of directors, shareholders, addresses, and office details
• Bonus issues
• Share transfers
• Setting up of Indian subsidiary, branch office and liaison office
• STPI registrations and procedural compliances

We expertise in meeting the demands of large business organizations with highly effective project consulting services. Our team of expert professionals undertake consultancy for financing alternatives, by providing suitable assumptions and preparing projected profit and loss account, balance sheet, and loan repayment. Not only this, we also prepare fund flow, break-even point, depreciation, debt service coverage ratio and PE ratio. Our strategic services are based on extensive study keeping in account major consideration such as nature of the business, budget, time, etc.

Know the value of your business

Value is a subjective term and can have different connotations. As Warren Buffet describes “Price is what you pay & Value is what you get”. The Price paid for an asset is the result of a negotiation process between a willing Buyer and the willing Seller. Whereas Value refers to the intrinsic worth of an asset. Hence, the Value of the Product could be different from its Price.

You may be required to know the value of your hard work in the business for

• Determining the consideration for Acquisition/ Sale of Business or for Purchase/Sale of Equity stake
• Determining the swap ratio for Merger/Demerger
• Corporate Restructuring
• Issue of Shares to non residents
• Sale/ Purchase of Intangible assets including brands, patents, copyrights, trademarks, right
• Determining the value of family owned business and assets in case of Family Separation.
• Determining the Fair value of shares for issuing ESOP as per the ESOP guidelines.
• Determining the fair value of shares for Listing on the Stock Exchange.
• Disinvestment
• Determining the Portfolio Value of Investments by Venture Funds or Private Equity Funds
• Liquidation of company
• Other Corporate Decisions

Valuation process is exercised with full and clear understanding of the purpose for which the valuation is exercised and get the valuation completed objectively.