Virtual Manager Services
PEAK offers virtual accountant services to our clients. We work as accountant of the client company with commitment and responsibility, but on virtual basis rather than real. We are fully liable for our acts. We mainly focus on the accounts people of MSME's having lack of confidence to do the accounts, management reports, tax and other statutory matters. Most of the accountants requires supports / guidance at their working hours to complete the task efficient. But many of the responsible authorities are not recognizing or ignore the same. The success of every business at good extend depends upon the confidence and skills of accounts department. If you makes your accounts efficient, its surely creates good values to your business. Along with virtual accountant support, we also in research how can reduce the clerical and paper involvement in the bookkeeping procedures in present Indian scenario.
As virtual accountant we doesn't mean an ERP system fully based on cloud or as like. What ever the accounting software presently using its remain unchanged. What we intending to do is, we help to identify best solutions / guidance / support for different issues / conflicts facing by your accounts people at working hours. Is an advisory / mentor.
If you look deep every company, what ever the status small medium big there is lot of such problems, but in big there is right peoples to guide it. We are working for companies who don't have such a right person. If there is no such right person, the accountants do what he knows. You think, is it good or bad. if bad accumulates over and over, its surely affect your time and money. As our opinion, If you feel any gaps in your accounts, better to treat now. If you identify the issues a day earlier, you get one more alternative to clear it.
We are experienced and competent professionals to do and lead. We always believe in values.
To know more about our virtual accountant services and its working model. Contact Us
Bookkeeping
Bookkeeping involves the recording, on a daily basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
Bookkeepers are individuals who manage all financial data for companies. Without bookkeepers, companies would not be aware of their current financial position, as well as the transactions that occur within the company.
Accurate accounting is also crucial to external users, which include investors, financial institutions, or the government that needs access to reliable information to make better investment or lending decisions. Simply put, the entire economy relies on accurate and reliable bookkeeping for both internal and external users.
Tax
A fee charged ("levied") by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax.
The purpose of taxation is to finance government expenditure. One of the most important uses of taxes is to finance public goods and services, such as street lighting and street cleaning. Since public goods and services do not allow a non-payer to be excluded, or allow exclusion by a consumer, there cannot be a market in the good or service, and so they need to be provided by the government or a quasi-government agency, which tend to finance themselves largely through taxes.
Labour Compliance
Compliance with Labour and Industrial Laws has gathered enormous momentum in the last few years. Especially compliance with respect to employees employed through Contractors and off-roll employees is getting more challenging because the Law recognizes principal employer as the one who is responsible in case the contractor fails to comply. This area has assumed significant importance from a risk management perspective considering the legal implications and reputational risks attached with non-compliance. Moreover, ‘Labour Laws’ is a very specialized area, requiring additional managerial attention over and above the routine internal audit function
Incorporation & Registration
Incorporation is the legal process used to form a corporate entity or company. A corporation is a separate legal entity from its owners, with its own rights and obligations.
When you incorporate a limited company, it becomes an individual ‘person’ in the eyes of the law. Incorporated businesses are completely separate from their owners in terms of finances, liabilities, contractual agreements, and ownership of property and assets.
The law does not view unincorporated businesses like sole traders as distinct legal entities. Therefore, there is no separation between a sole trader business and its owner in terms of finances, assets and liabilities.
Advisory
A financial advisor analyzes a client's current financial status and helps the client set reasonable, achievable financial goals. He or she can address a broad array of questions competently. Financial advisors also make investment recommendations, provide objective advice and help clients weigh the financial consequences of life decisions. They also help clients stay organized.
Financial advisors must have expertise in tax planning, asset allocation, risk management, retirement planning and estate planning in order to help clients at all stages of life and in a variety of circumstances. In some cases a client will let his or her financial advisor act as a fiduciary, meaning that the client gives the financial advisor permission to make decisions on the client's behalf without consulting the client for approval beforehand. Financial advisors often either charge by the hour or they charge the client a percentage of the assets under management.
Payroll
In accounting, payroll is important because payrolls (and payroll taxes) greatly affect the net income of most companies. Payroll is also often subject to numerous laws and regulations that companies need to cooperate with.
Of course, payroll is also incredibly important to its recipients: the employees of a company. Employee morale can be negatively affected by errors and irregularities in payroll, so an organization must distribute payroll in an appropriate and precise manner.
It is critical that every employee receives their pay accurately and with the correct withholdings and deductions, and for an organization to guarantee that all of these withholdings and deductions are submitted in an appropriate manner to the correct entities. This may include salary payments, paycheck deductions and tax withholdings.