SERVICES

Back Office Book Keeping

We provide outsourcing solutions in book keeping, specifically for Foreign & Multinational companies. Industry standard accounting software is used in providing the above services.
At TCSIPLS, We have specific staff working on this all year long at flexible hours to work as per your needs. For Confidentiality and trustworthiness we sign Service Level Agreement with the client and our turn around time for starting the work is 1 day from date of allocation. We believe that this area of work saves of their time and money if these services are outsourced. We prepare specific process notes for each file which are updated every month or quarter after receiving input from the clients to ensure that clients get error free book keeping every time. We use various software such as IRIS, SAGE, CCH, Quickbooks etc. to do this work. Our book keeping services include:

• Accounting in Sage, QuickBooks
• Setting of Chart of accounts in accounting software
• Accounts payable and Accounts Receivables
• Year end adjustments
• Reconciliations
• Accounting for sales tax/VAT/HST
• Year end accounting and accounts finalization.
• Monthly, Quarterly or Annual reporting

Back Office Tax Processing and VAT Returns

VAT (Value Added Tax) Compliance is very crucial and important area of compliance. The VAT returns are filed on a monthly/quarterly basis with the HM Customs and Excise. We at testwood consultancy shall help you in getting registered with VAT authorities as your turnover exceeds the threshold limit and assist you in preparation and filing of monthly/Quarterly vat returns.
Compliance with the large number of VAT requirements is a tedious work and failure to comply or failure to comply inaccurately entails harsh penalties.
If you are not yet at the VAT threshold, Testwood Consultancy Services can register your company for VAT and make the necessary monthly or quarterly returns for you.

Business Services

Both for an existing business and for a setting up a new business, it is mandatory to function within the existing laws of the country. Various laws are applicable and are to be adhered to for doing Business in India. For every business, these laws determine the basis of entry strategy, business entity, tax structuring & planning, foreign investment and approvals, industrial licensing, legal compliances, and so on.
We provide consultancy services and represent clients before various authorities to comply with the legal environment of Doing Business in India – The Companies Act; Income Tax Act; Laws relating to Investment and Capital Issue; Foreign Exchange Laws; Labour Laws and Laws affecting Partnerships, Contracts & Business.

Foreign Investment

At Testwood Consultancy we provide following services to a foreign or multinational company willing to set up business in India.

• Foreign Investment Laws & Matters;
• Entry Strategy including guidelines on various approvals and licenses required in India to work and assistance in obtaining all approvals and licenses in a speedily manner
• RBI/FIPB Approvals.

Management Consultancy

At Testwood consultancy we provide following Management Consultancy services to help our clients in understanding and efficiently complying with the applicable laws.

• Management Audits;
• Due Diligence Reviews;
• Management Consultancy;
• Witholding Tax (TDS);
• Transfer Pricing.