5 Questions To Ask While Hiring An Income Tax Consultant In Kolkata!

Do you face difficulties while filing income tax returns? Are you on the lookout for professionals who can offer effective tax preparation services? Still wondering how to choose a professional who provides the right assistance and support? Fret not. All you need to do is check out few questions which you must ask a professional for making an informed choice!

When it comes to income tax, choosing the right consultant can indeed be an overwhelming task. Be it the aspects which must be taken into consideration or the qualities to look for in a professional, there are several factors which you must consider for taking the right decision. A prior knowledge of the selection process can thus help you in making a well-informed decision!

income tax consultant

Read on then to check out the questions which you must ask a professional before hiring him!

Few Essential Questions To Ask Before Choosing An Income Tax Consultant In Kolkata

1.What Types Of Clients Have You Previously Worked With?
It’s important to ensure that the professional or the firm you are willing to work with, has an understanding of the type of business you are associated with. For instance, a construction company needs to handle issues related to their contractual workers while a restaurant will have policies for wages and tips. Remember; you have to hire a specialist who has previously worked with businesses like yours and even knows the ins and outs of your industry.

2.Who Will Do The Work?
Inquire if the company outsources work to some third party or has its own team of experts to work for you. Since relying on such third parties can be a costly decision, it is always wise to choose a firm which has its own team of financial advisors, tax consultants and auditors. Further, you must ensure if the agency has any certified filing centre of its own.

3.Are You Available Throughout The Year?
Look for a reliable income tax consultant in Kolkata who is available throughout the year. Unlike some firms which keep their doors open only during the tax season, these reputed agencies boast of a diligent team of professionals who can cater to the issues of their clients anytime. From the appropriate arrangement of files to suitable documentation, these accounting firms specialise in offering a range of tax preparation services which are both effective and authorised.

4.How Do You Manage While Working With Multiple Entities?
For business owners who run more than one agency under their name, looking for professionals who have the capability to manage several entities at a time is of paramount importance. You need to remember that these are skills which not every specialist posses. Hiring a firm which can co-ordinate between your entities is important.

5.How Often Do You Communicate With Your Clients?
When it comes to the frequency of communication for planning tax issues, every professional is different. Inquire about the approach of the expert and ensure that you are satisfied with his degree of communication. Remember; you must feel comfortable while discussing your issues with him.

So what are you still waiting for? Quickly find a reputed consultancy agency in your area and start availing exemplary income tax related issues!

5 Vital Duties Every CA in Kolkata Can Offer To Your Business

A Chartered Accountant is not just a strategic financial advisor you need for your business. In today’s rapidly changing world, taking the aid of a CA is a must if you want your business to navigate those uncertainties safely. These professionals have high ethical standards and undergo professional development at frequent intervals to keep themselves updated with the latest issues in the field of accountancy. Recently, there has been an increase in the demand for these professionals. The various roles played by them are regarded to be the main reason behind it.

CA in Kolkata

Few Roles A CA In Kolkata Can Play

Tax Accountant
An issue that arises in various aspects while running a business is tax matters. Whether it is the share scheme or day-to-day VAT, tax related issues are quite common. A CA when working as a Tax Accountant will not only prepare personal or corporate income tax statements but also formulate various functional tax strategies. These issues generally involve financial choices, the ideal time to expense items, deferral of taxes, and how to treat an acquisition or merger, among others.

Management Accountant
Gone are the days when CAs working as management accountants was known as ‘bean counters’. These days the job profile of management accountants has changed drastically. They collaborate with finance and marketing personnel with the aim of developing new business. They have started working in various companies and take an active part in decision making regarding the line of business analysis and capital budgeting.

Auditor
Every CA working as an auditor shoulders the responsibility of checking financial statements and accounting ledgers for your corporation. The job done by an auditor is supposed to be the base of numerous accounting practices. Since auditing work is nowadays becoming computerised, companies have to depend on complicated sampling methods. When a Chartered Accountant is working as an auditor, they have to work for different sectors and might even have to undertake numerous travels.

Financial Accountant
An experienced CA in Kolkata can also work as a Financial Accountant for your business. Their job profile varies drastically and is dependent on the type of business you are dealing with. They have the skills and experience to participate in vital financial decisions regarding acquisitions and mergers. If required, they also visit suppliers or clients to discuss business or set up a new account. Since a CA have adequate knowledge about both finance and accounting, working as a financial accountant isn’t a daunting task for them.

Budget Analyst
Since it is the responsibility of budget analysts to develop and manage the financial plans of an organisation, a CA can undertake the tasks of a Budget Analyst with ease. The demand for these professionals is quite noteworthy in various government and private industries. Just make sure that the Chartered Accountant you are hiring has superior public relation skills as negotiations are a vital part of their job.

Since the qualifications and skills of a CA make them suitable for all the roles stated above. It’s time you hire a professional and let them excel in those areas.

Know Why A Chartered Accountant In Kolkata Is A Blessing In Disguise!

Do you think you need help in your company’s financial matters? Looking for skilled professionals who can help you in your taxation and other financial issues? Trust us; hiring a well-qualified chartered accountant (CA) can undoubtedly be one of your best business decisions then!

Hiring a well-qualified CA for your business can be more than just getting maximum returns. Be it your need of advisory services and taxation issues or consultancy and financial advice, recruiting an accountant can indeed be a wise decision. Further, what makes appointing a CA more viable option as compared to other financial professionals is the number of benefits that they offer to their clients!

chartered accountant in Kolkata

Take a look below to know the reasons which make a CA more beneficial than other professionals!

Top Reasons To Hire A Qualified Chartered Accountant In Kolkata

1.Well-Educated Professionals With The Right Experience

A CA is more skilled and knowledgeable than the professionals who play other CA-related roles all around the world. It is only after a student has successfully cleared 3 exams can he become a Chartered Accountant. This total study duration and experience in India is much more than any other CA related course conducted in UK, America, Canada and Australia.

2.Handles Several Projects At A Time

What makes a skilled chartered accountant in Kolkata more preferable as compared to other professionals is his exceptional ability to handle several financial projects at a time. From carefully evaluating a business’ financial status to helping them in various financial matters and offering advisory services, these professionals can handle several projects for your business at a time.

CA in kolkata

3.Single-Handedly Manage Multiple Finance Related Tasks

A CA can take care of various financial matters for your business. From filing your taxes and handling all paperwork to evaluating your business and offering advices, he ensures that you and your company remain safe from all unwanted legal hassles. Be it a large MNC, a medium sized business or a start-up, he can manage finance related tasks for all businesses.

4.Expert Advisory Services

A CA can even help you in planning investments. Such sound is his knowledge about corporate laws that he can carry out investigative audits, review your system and file petitions to the company law board. Further, with his skills and knowledge, they can even clear all your doubts and queries which are related to finances.

Now, don’t you think that appointing a CA can indeed be a wise business decision? Quickly find a reputed chartered accountant and start availing some exceptional solutions!

Why Choosing A CA In Kolkata From A Right Firm Is Effective?

“If you choose to not deal with an issue, then you give up your right of control over the issue and it will select the path of least resistance.”
― Susan Del Gatto

Are you an entrepreneur or have a well-grown business organization? Are you in search of a recognized chartered accountant firm in Kolkata or thinking about changing the old accountant? Well, let me tell you, a group of CAs is there in the business industry as its one of the broadest professional need.

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If you take my opinion, I will suggest to look for a CA firm than an individual as hiring an organization is more reliable. Since you need some legal as well as financial helps, an individual accountant can prove the best in the time of hiring. On the other hand, selecting a firm can be more effective for your organization as they help you by sending the right financial person according to your choice and need.

Aspect That You Need To Consider Before Hiring A CA Firms In Kolkata:

1.Fix The Goal:
Before looking for some outsider searching, you need to be clear about your requirement. The very first step should be deciding the types of CA that you need. A grown up business production always need a knowledgeable Bookkeeper who has gathered his/her experience working with the most reputed companies. Of course they charge higher than those who are working with the small enterprises. Ask the firms your requirements as they provide different bookkeepers from different agencies.

2.Create A Short List:
Finding out the firms, according to your wish list is the second step to be taken. Thouh it is really an invalid fact to suggest the place where one will get the best bookkeeper firms India as well as the Kolkata, let me know you all preferred and plausible firms are maintaining their official websites. So, choose them form the internet according to their rates and comments (on the social media) of their previous or existing customers.

3.Ask The Local Businessmen And Friends For approval:
A friend, who is associated with a CA firm like a bank manager, a company owner or a member of a top notch company are able to suggest you the best CA In Kolkata. Approaching the firm directly after getting the referral is a big no-no. Ask for the performances and other related questions that a friend as well as a previous client of a accountant can answer.

CA in kolkata

4.Verify The Credentials:
Don’t jump the gun just after getting the referral. Are the firm has registered certificate from The Institute of Chartered Accountants of India or from ISO? Every registered firm mentions their registration numbers on their official papers or websites. Choosing a non-registered firm is a big no-no.

5.After Meeting The Bookkeeper:
Your selected firm has sent the man (CA)? Well, ask him these questions:

  • What do you know about my business enterprise?
  • What direct activities do you have with my business activity?
  • Are you a full time employee of your firm?
  • From when you are associated with this job?
  • Are you permanent employee or contractual?
  • And the answers will pave you the way easily.

These were the 5 facts that help you choose a reliable CA firm in your city. Choose them wisely and be more prosperous in your sector.

Give a Thrust to your Business with Expert Accounting Services

If you want to sky rocket your business and pay more attention to profit and overall finances, then you must hire the best accounting services and an expert law consultant.

Accounting servicing in kolkata

It was said by Sir Francis Bacon that “Knowledge is Power”. The statement is true for those who keep increasing their knowledge through practice and their appetite to learn more and discover the unknown. If you go to any firm, then you will see various business units from where knowledge is emanating. One such business unit in any firm is under accounts services. The various activities included are:

  1. Auditing and maintaining accounts records
  2. Preparation of financial reports
  3. Monitoring performance of business houses

The above services help an organization to run smoothly, increase business efficiency and also save money. Irrespective of what the size of any business is, proper accounting services must be carried out. To find firms that indulge in accounting servicing in Kolkata, you can search on the Internet. In fact there are many companies who are nowadays outsourcing their accounts services. If you are willing to hire accounting services and weigh the following advantages:

  1. You can easily take sound decisions with regards to your finances
  2. It will become easier for you to assess the solvency and productivity of the business
  3. You can have all the reports related to financial transactions well sorted and handy
  4. It can also help you to find the best practices that will sky rocket your productivity.

The accounting firms also have the best company law consultants who help various organizations to comply and interpret various rules and regulations. Some of the services that you get from a professional company law consultant include:

  1. Company secretarial matters
  2. Issues with share distribution and capital
  3. Statutory provisions
  4. Seek legal approval and licenses
  5. Keeping Petitions in front of the company law board
  6. SEBI regulation compliance
  7. Advice and assistance from other lawyers

Thus, the above are an exclusive list of services that you can get from company law consultants.