Outsourcing Services
In today’s fast moving world, focusing on one’s core activities become an absolute necessity for faster growth of business and achievement of business objectives. With globalization of trade and services and technology convergence, outsourcing of non-core processes makes a lot of business sense. In addition to Cost Cutting, outsourcing also helps in process improvement, as processes are handled by experts in respective field. Benefit of process continuity also accrues to the outsourcing organization, as they don’t have to bother about employee turnover in key business processes.
Offerings by Mehta Sheth & Associates in the Outsourcing sphere include:
- Book Keeping & General Accounting Services
- The service involves preparing and maintaining day to day bookkeeping and monthly or quarterly management accounts. These books are prepared as per client’s home country GAAP and are customized as per client’s needs. Service offering can also include accounts payable function, accounts receivable function and preparation of annual financial statements – ready for audit and attending to auditors of client’s organizations.
- Payroll
- Payroll Services include:
- Preparation of the monthly payroll based on the inputs received from client.
- Ensure deductions of all relevant amounts as per applicable statutory laws like Income Tax, Provident Fund, Employee State Insurance and Professional Tax etc.
- Preparation of Annual Tax Statements and Verification of Salary Certificates (eg. Form 16) for the Employees and file periodical tax at source returns.
- Ensure redressal of any issues.
- Reconciliation of payments/statutory deductions etc. with books of accounts on periodical basis
- Payroll Services include:
- Tax Return Preparation
- Team Mehta Sheth & Associates prepares Tax Returns under Direct and Indirect Tax Laws of various countries based on inputs/documents received from client organization. This service is an ideal solutions for CAs/CPAs/Consultants operating in high cost cities/countries with limited scope for enhancing team size in host countries.