INGENIOUS ACCOUNTING &
PAYROLL SERVICES (IAPS)
Services
õ
CONSULTING SERVICES
² Management / Internal Audits
² Project Management and Management Accounting
² New Business Set up
² Financial & Tax Planning
² Cost Control and Optimisation programs
² Payroll Accounting including Statutory Reports,
Payment Advices, TDS Summaries, etc.
Our services differ from Client to Client depending upon their
requirements. Brief description is as follows: -
¨
Receive information
from Company an employees names and compensation
¨
Creation and
maintenance of employee database
¨
Processing employee
monthly payroll, answer payroll related queries from the employees or from the
Company as and when requested and issuing pay slips to employees.
¨
Income Tax –
Computation, Payroll withholding Tax Deduction, issuing salary certificates
(Form –16), Annual returns (Form-24)
¨
Tracking of
perquisites (Medical, Leave Travel allowances, etc.) per employment terms
¨
Processing of
Overtime claims (if any)
¨
Maintaining Salary
Register
¨
Monthly Deposit of P.
F (If applicable) & Maintenances of Employee wise Details for Employee’s P.
F
¨
Preparation of salary
certificates
²
Computerised
Accounting –Deliverables from Client to Client differ. Below is the brief
description of our services: -
¨
Process all payments
after checking the total and calculations of the invoices per Company
guidelines and general principles of good business practices.
¨
Ensuring proper
internal documentation along with the invoices
¨
Adhering to Tax
withholding laws.
¨
Reconciliation with
various vendors for the outstanding dues
¨
Processing Employee expense claims
¨
Processing of approval and
complete employee expense vouchers
¨
Payment as per employee
instructions (pay to employee or credit card company )
¨
Transaction entry into accounting
software
¨
Bank Account Operations
¨
Processing of petty cash
¨
MIS Reports: -
¨
Month-end reporting and funds
monitoring.
¨
Update fixed assets register with
acquisitions/ disposals on a regular basis Apprising employees on the
procedures and policies as on when required
¨
Preparing cash Forecast to get
funds Transferred
² Doorstep Personal Tax Advice and filing of Returns for
Employees.
¨
Preparing & Filing computation of income & Income tax Return with Income Tax Department
¨
Advising staff for Tax Saving
investments
¨
Tax
Compliance Services, like preparation of Corporate Tax Return, Individual Tax
Return, Tax withholding Return
¨
Preparation Corporate
Tax Return and tax withholding
certificates and distributing the same to vendors on a regular basis and filing of annual withholding tax returns
& attending the Income Tax cases whether related to TDS or Corporate Tax
Depositing into treasury the taxes withheld on a timely basis
² Liasioning with RBI, FIPB
for new
approval ,renewal& queries