Services

OUR SERVICES

Accounting
1

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 on a daily basis. Our team provides a full range of cost effective accounting services including the following:

We offer services

General ledger & financial statement
preparation
Bookkeeping (Monthly/Quarterly/Annual)
Accounting system setup for new businesses
Computerized payroll services
Business tax return preparation (Sales & Use/Business Property)
Personal financial statements

The financial and accounting outsourcing team includes qualified accountants, bookkeepers and financial analysts with an in-depth knowledge of finance processes and procedures.

Clients are assured of secure transfer of confidential accounting data and our commitment to building long-term relationships with our clients is reflected in our prompt deliveries, customized financial solutions, and cost-effective accounting processes.

Auditing2

2Acts places a high value on trust and trust is the foundation on which the assurance services stand on and we also have experience in handling the audits of esteemed companies of MNC based, we view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company’s systems and records providing the highest level of assurance.

We offer services in:

Statutory Audit
Internal Audit
Tax Audit
Information Systems Audit
Special Audits including, Proprietary Audit, Forex Audit, Sustainability Reporting, etc

Consultancy1

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

The following is the areas in which we provide consulting services:

Business Entity Selection
Business Succession Planning
Estate Planning
Financial Planning
Retirement Planning
Accounting Software Selection & Implementation
Buying & Selling a Business

Taxation4

We prefer to take a proactive v/s reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year:

Direct Taxation and Regulatory Services

Making taxation understandable and clear is our goal, and we offer this service to individuals, corporates, LLPs, and more.

Tax planning & return preparation:

Individuals
Corporations
Partnerships
LLCs/LLPs
Estates, trusts & gift
Not-for-profit organizations

Regulatory Process:

To provide you with end-to-end assistance, we also handle all the assessments proceedings under direct and indirect tax provisions. We also have expertise in appearing for regular assessments, handling appeals and appearing before tax tribunals.

Indirect Taxation and Regulatory Services

Recognizing the client requirement to of Indirect Tax Legislation that influences every conceivable nature of the business transaction is it manufacture, trading, rendering of services, imports, exports.

Evaluate tax implications on existing or proposed business transactions.
Review contracts and agreements in order to identify the GST impact, from the perspective of Procurement, Manufacturing, and Distribution.
Assistance in identifying optimal valuation model for related party transactions under GST, while aligning the same with the model adopted under transfer pricing provisions.
Evaluate the legal positions adopted and suggest changes, if any, under the GST regime
Assistance to comply with the provisions of anti-profiteering rules under GST
Advice on matters pertaining to import and export of goods into/from India under the Customs Act, 1962
Assistance in Customs Valuation-related matters with regards to import from related parties
Advice on various incentive schemes pertaining to duty-free import/export of goods or services under the Foreign Trade Policy

Compliance services:

Assistance in obtaining registrations under GST or other statutory legislations as required
Verification of input tax credit records and identification of ineligible credits
Review of periodic computation of tax liabilities
Assistance in preparing and filing periodic return(s)
Provide GSP/ASP solutions for seamless execution of monthly compliances
File requisite statutory applications with various authorities

Regulatory Process:

Assistance in drafting responses to notices, enquiries and such other communication received from revenue/assessing authorities
Assistance in preparation and filing of appeals against orders received from appellate authorities
Representation before the appropriate authorities and engaging external legal counsel, if required
Filing advance ruling applications with the authorities in order to seek clarification on ambiguous matters

Services5

A. Valuation

Valuation determines the worth of an asset. To ensure that you have the most accurate value for your business and assets, we undertake valuation in a very professional way, applying both common sense and careful thought.

We undertake valuation for:

Companies
Shares/Investments
Intellectual Property
Business Undertaking
Fixed Assets

B. Project Reports

The detailed project reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.

Promoters background/experience
Product with capacity to be built up and processes involved
Project location
Cost of the Project and Means of financing thereof
Availability of utilities
Technical arrangements
Market Prospects and Selling arrangements
Environmental aspects
Profitability projections and Cash flows for the entire repayment period of financial assistance.

C. VAT OUTSOURCING FOR GULF COOPERATION COUNCIL (GCC) COUNTRIES

The Secret to a Successful VAT Implementation:

On January 1, 2018, UAE and Saudi Arabia introduced the first-ever VAT, a tax on goods and services that consumers must pay at the time of purchase, with other countries expected to roll it out by the beginning of 2019. Implementation of the VAT is a complex Endeavour, and the single-minded goal should be to prevent disruption of the business, by adopting a comprehensive and pragmatic approach.

The rush to implement the VAT has put tremendous pressure on accounting firms who are struggling to find employees with the necessary know-how. Under these circumstances, the right outsourcing partner can provide a much-needed anchor scale for your business. In addition, working with a partner who has already implemented similar tax regimes will be invaluable.

Payroll Processing
5

Payroll being an indispensable function for any organization demands specialization and a clear understanding of applicable laws in systematic processing of the employee’s payroll. Understanding this burgeoning requirement and also to foster confidentiality and administrative convenience, we offer a discreet range of payroll services to our wide base of clients.

Our dedicated team of proficient professionals, embedded with a knack of understanding of methods relating to payroll processing, can impart you with complete full-fledged payroll services for employees and top management. Our payroll specialists are imparting concurrent payroll services to MNC and medium enterprises.

We offer a flexible and comprehensive payroll service, which may curtail a significant administrative burden from management, allowing them to pave focus on the core business operations. Using our years of experience, we ensure that salary and tax calculations are done in accordance with the appropriate legislation.

Our distinct approach to payroll services is solely focused upon viable planning, a fixate approach and support to the company from start to finish. We enjoy a pan-India presence that allows us to effectively cater to the divergent needs of the client across the country.

Our Payroll services include:

Setting up a payroll process
Payroll structuring
Web-based access to the employee for viewing their pay slips, loan statements
Online troubleshooting
Reports as required by the management
Compliances – PF deduction, ESI, Professional Tax, and TDS returns and other statutory deductions.
Our System provides end-to-end cost-effective and efficient Payroll processing – from the generation of pay-slips to the filing of TDS returns. This software is designed to conform to regulatory requirements as specified by clients. Employees online can do web base declaration and checking.

Advantages of working with us:

1. Lower risk

The entire payroll process is automated and therefore, the risk of error is significantly reduced.

2. Great convenience

You can use a mobile device to effectively manage and track your payroll from anywhere and at any time of the day. You will be working with a consistent user interface that helps in tracking of your payroll in a few clicks.

3. Reliable service support

Our tax specialist is ready to answer questions and helps in solving problems 24×7.

4. Great efficiency through integration

When you partner with Payroll Services, you benefit from the speed and simplicity that comes your way by using a single provider. We are competent enough to connect your payroll functions with other pivotal areas, like attendance solutions, HR management, etc.

5. Peace of mind

By outsourcing the payroll service, business owners can relax because the payroll is being effectively processed accurately in line with prevailing legislation. Avoiding all nasty, like incorrect payments to staff, penalties, a fully outsourced service offers complete peace of mind by ensuring that your pivotal business functions are well taken care of and your company is also legislation compliant.

Outsourcing:

In the recent times, payroll outsourcing is fast gaining popularity as the preferred business haven for processing this non core activities. Also, the convoluted legislation is making payroll an ever expanding minefield. So, by outsourcing your payroll to Payroll Services, you will :

Free up your time to pave more focus on the development of business
Replace your need for expert payroll specialist
No longer have to worry about complex legislation
Enjoy professional support for all divergent payroll related matters
Have viable control over your payroll costing

Our impeccable payroll bureau service will meet all your divergent payroll administration, right from producing customized pay slips making requisite deductions, i.e, tax for all your employees on a monthly basis to effectively processing payment. Our team diligently works towards ensuring you meet all your complex compliance objectives.

Marketing6

2Acts is a consulting company singularly focused on driving top line growth and bottom line improvement for clients. We believe that marketing and especially digital marketing is heavily under-leveraged by companies in generating top-line growth and we have the expertise to help.

Clients rely on us to create their marketing strategy as we have the end-to-end expertise from planning to execution. We will analyze your markets, understand your customers and discover opportunities to accelerate your growth.

Marketing Strategy

Market Positioning
Customer Insights and Segmentation
Product Development
Pricing
Customer Experience

Digital Marketing

Lead Generation
PPC Marketing
Social Media Marketing
Email & Messaging Strategy
Copywriting & Content
SEO and Local Search
Email & Messaging Strategy
Custom Website Design

2Acts