+91 98993 53030+91 98993 53030
+91 98993 53030+91 98993 53030
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Financial & management restructuring of overseas corporate and joint venture collaborations
Turnaround Strategies
Turnaround strategy is a corporate practice designed and planned to protect (save) a loss-making company and transform it into a profit-making one. The concept or meaning of turnaround strategy covers following points:
Risk Assurance covers all risk services where we are providing independent assurance and the preparation towards assurance to our clients where the assurance can be used by our clients to build confidence and trust with their key stakeholders or when regulatory.
We help by
Accounting Compliance and Reporting services is focused on helping large, multinational companies meet their financial reporting requirements. In the modern jet age there is fierce competition in the trade and industry. Entrepreneurs are vying with one another in competitive edge to stay ahead of others. This being the business scenario it is most imperative for the CEO's and other staff to keep them fully updated with the statistics of the working of a business house and its current affairs required for planning and formulations of policies of the Company.This can only be possible if the accounts are maintained in an elaborate manner and kept up to date minute to minute. We at A. Chandak & Co. keep the most competent and efficient staff to meet with this important requirement of our clients and readily furnish every data and information as and when required.
Transactions to acquire or sell businesses represent a balance of risk and reward for the parties. Whilst most deals are completed successfully, some inevitably lead to disputes between the parties.
We provide advice throughout the transaction process, from pre-deal due diligence to a review of the draft sale and purchase agreement and the resolution of disputes over the purchase price. In so doing we help you reduce risk and provide greater certainty that the post-completion outcome of a transaction is in line with your commercial expectations.
Our Services
We provide comprehensive and sophisticated tax assistance in effectively managing the impact of taxation.
Direct Tax Advisory
Holding many years of experience in a wide array of industries, our staff works to stay abreast of developments in our ever-changing state and federal tax laws. Our full line of tax services includes preparation of tax returns for individuals, corporations, partnerships and for other enterprises. We offer:
Taxation presents arguably the most dynamic and complex challenge in the context of financial planning. Ever changing legislation and rules are matched only by the new methods devised to make the discharging of tax liabilities as efficient as possible. When it comes to tax planning and strategy, every case is unique. Our approach remains versatile with an awareness that individual issues must be dealt with on their own merits but with the overall, long-term considerations always in mind. Whether you are the tax director of a multi-national group, an owner manager, an individual setting up a company or in receipt of a income, an employee or a Public Benefit Organisation, we make sure you don’t pay more tax than is necessary and that your activities remain tax efficient.
Indirect Tax Advisory
Internal Audit is very important aspect, when we talk of assurance of true picture of state of affairs of an entity. It helps in understanding and assessing risks and evaluates the internal controls and checks. It helps in ensuring optimum utilization of the resources of the entity, as well as timely identification of liabilities including the ones in contingent nature.
Our Offerings
1. Assessing/ preparing Internal Audit Manual for the organisation and study of control objectives.
2. Deciding on degree of control which is adequate depending upon organisation to organisation.
3. Assessment of risks and open points.
4. Measuring deviation at test check levels.
5. Assets at risk and their protection.
6. Checking the controls instituted within the system.
7. Legal and situational internal control advisory.
8. Consideration of Fraud in internal audit.
9. Advising organisational procedures being followed.
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Office 2A, Indira Square
Plot 28, 21 Ansari Road
Daryaganj, Delhi-110002 (India)
Transaction based advisory
GAAP Transformation
Transfer Pricing Reporting
The focus of tax assessments is gradually shifting from micro issues (such as, procedural disallowances) to issue based and concept based reviews. Given the legal labyrinth that taxpayers often face, a judicious cost-benefit analysis is imperative in deciding which issues are worthwhile to litigate and on which issues it is more viable to concede. We, with our experience and in-depth knowledge help in making this decision. Complicated direct tax litigation at all levels of the Income tax Authorities is our forte.
In the arena of Cross Border Taxation, the Indian authorities have been late entrant. The last few years have seen an extremely aggressive revenue approach focusing on issues related to permanent establishments, transfer pricing, round tripping. etc.. Given the legal labyrinth that taxpayers often face, including those that are operating multiple jurisdictions it is imperative to engage in complicated litigation at all levels of the Income tax Authorities.
We have both the experience and the acumen to represent clients through tax assessments before the tax department including the international tax department assessing foreign entities to tax in India. We also represent clients in transfer pricing assessments before the Transfer Pricing Department and in appellate forums.
We help in mitigating hardship and offer intelligent tax advice in a result oriented manner.
Virtual Office
Smaller companies, or larger overseas companies initially employing only one or two overseas staff, find our virtual office service extremely useful. We can provide a telephone answering and messaging service along with a prestigious New Delhi address.
Payroll
Our payroll specilized team shall shall prepare salary structure, monthly salaries, incentive, bonus payments and reimburse staff expenses accounts. Special requirements can also be created for, such as the adminstration of pension schemes and private health insurance.
Preparation of year end financial statements
We assist as well as prepare the company’s annual accounts and full back up schedules ready for the statutory annual audit and liase with the company’s auditors as appropriate.
Payment of Creditors
Our systems enable us to pay your creditors at times of your choosing whilst leaving you with ultimate control.
Cash Handling and Banking Operations
We can assist with treasury functions including the operation and monitoring of high interest deposit and current accounts.
Cash Forecasting
We recognise your need to retain a regular overview of your cash reserves. We can prepare regular cash forecasts for you enabling to plan for the future.