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Let’s start with the elementary before going over all the fact details of business advisory establishment services.

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Need to Know About Types of Business Establishments Advisory Services

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Need to Know About Types of Business Establishments Advisory Services

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This service, which is used by a variety of enterprises, involves appraise of the factors that should be grip into account when launching a business or creating changes to an existing one in the areas of law, tax, risk, finance, and the market.

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How to Identify Error Accounting Mistakes?

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How to Identify Error Accounting Mistakes?

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Personal accounts is having specific information which may not be useful in a professional way so for the accountant it’s very important to know the professional services and terms of accounting.

Professional accounts contain relevant information which is useful for the calculation of taxation and financial terms.

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P. K. Modi is one of the most reputed CA firm in India. It was established in 1989. This company provide services in terms of finance and accounting sectors as well as in taxation and GST and also we are having players to perform the right task for the right jobs. Predominantly investment advisory and calculation of cost with teams of charted accountants who are always ready to share their growth and knowledge with our clients.

In this article, we discuss how to keep away from common mistakes in accounting problems.

Today lots of accounting firms are making mistakes in identifying the needs of their clients which guide them to the misconception that results in a wrong output of their business here we are discussing the 5 common mistakes of firms in terms of performing financial activities.

These 5 Common mistakes are:

Not employing a finance specialist with experience.

Inaccurate cost tracking for businesses.

Mixing up personal and professional accounts.

Ineffective billing management.

Inadequate preparations for tax time.

Let us look at each mistake in detail.

1. Not Employing A Finance Specialist With Experience

Many firms don't employ the right person for the right job resulting there are lacking in terms of services and effort. For the financial benefits and rewards firm needs a highly professional and qualified person for the job.

Our firm provides this facility in a grand way with having the luxury of a qualified person and experienced persons as well and also we are focusing maximum on our financial terms and services which will benefit our clients.

2. Inaccurate Cost Tracking For Businesses

It's very important for a business to grow and for that it's required a proper mechanism to find out the accurate cost of products. Because cost is something which needs to find on the proper way to know the exact price of our product.

Cost tracking is one of the activities in the business that needed to be done by experienced and professional people so that the right cost business establishments advisory can grow and it is required to be done in an accurate way because inaccurate cost tracking leads the business to the wrong direction and in future, it will create a number of problems results there will be the possibility of loss instead of profit.

Cost tracking activity required knowledgeable and qualified persons to do the job and our firm provides this with the luxury of qualified people and experience as well with this proper cost tracking is needed to have accuracy and accuracy is generated threw professionalism and enthusiasm for the work.

This is one of the main mistakes which leads the business in the wrong direction and also cost tracking activity is required to be done in the proper way.

3. Mixing Up Personal and Professional Accounts

It is very important for the firm not to miss their mixing up their personal account and professional accounts.

Personal accounts is having specific information which may not be useful in a professional way so for the accountant it's very important to know the professional services and terms of accounting.

Professional accounts contain relevant information which is useful for the calculation of taxation and financial terms.

For the firm, it's very important not to mix up a personal account and a professional account for the calculation of taxation and financial services.

4. Ineffective Billing Management

Billing is required on a compulsory basis for storage and other future-related activities. Effective billing generates a specific cycle that provides outstanding benefits for the company.

Ineffective billing management leads to misconception and miscalculation of maximum financial activities and services it's very important for the firm to have a proper billing management system.

Billing is something that needs to keep for the future and for the firm it's important to establish effective billing management. There should be a proper channel required for billing and it should be documented properly for future usage.

5. Inadequate Preparations for Tax Time

Taxation is necessary nowadays people try to avoid paying taxes in terms of saving money but for regularity, tax payment is compulsory for business. Inadequate preparations for the tax time lead the firm in the wrong direction and it also effects the character of the firm in the market also.

It's very important for preparing a firm for tax time because regular tax pay is compulsory nowadays.

P.K.Modi & Co is a leading accounting firm in India with expertise in the field of Accounting, Auditing, and taxation. The firm was established in the year of 1989 and provides continuous services in the field of accounting.

The company wants to establish services in a specific region of the country and wants to target small businesses. The main objective behind this activity is the company wants to reach the door of small business owners and let them be aware of the services provided by the company in accounting, auditing, and taxation.

So that this can be benefitted them in the future and awareness of taxation and auditing becomes necessary nowadays so ultimately it will be helpful in the growth of our economy too.

Pradip Modi is fortunate to be a Chairman of one of the most distinguished specialized fields of Finance, Evaluate, and taxation in an accounting firm in India & business establishments advisory

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How to Identify Error Accounting Mistakes?

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P. K. Modi is one of the most reputed CA firm in India. It was established in 1989. This company provide services in terms of finance and accounting sectors as well as in taxation and GST and also we are having players to perform the right task for the right jobs.

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our firm P.K. Modi provides leading services in terms of accounting and finance along with taxation here are some tips to ensure the best fit for your business establishments advisory.

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It's very important to select the right account services as our firm provide efficient and effective accounting services to our customers since 1989. As our mission is to give relevant services in terms of financial advisory and benefits to our clients because financial advisory is necessary nowadays and the right investment gives significant returns to our clients. As mentioned earlier our firm P.K. Modi is one of the top CA firm in India which provide predominant services in terms of taxation too we are a reputed firm located in the Ahmedabad region working in terms of the accounting and finance sector here are some examples of our services.

Bookkeeping

Payroll

Financial advisory services

Tax preparation and selling

CFO services

- Bookkeeping
This is one of the important accounting services provided by our firm which allows our clients to get good service from us.
- Payroll
In terms of accounting services, payroll services allow for maintaining the workload of employees along with work destruction and everything.
- Financial advisory services
Financial advisory services allow advice by a professional accountant to investors about the guidance of investing in the right direction.
- Tax preparation and selling
Preparing for tax is one of the important things and our firm allows them to give guidance about tax preparation and also sell tips
- CFO services
CFO services allow people guidance on investment taxation and finance which will help them to manage their financial dues.
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For a company, it's always nice to have special characteristics for having a good accounting firm here are some reasons and characteristics for of good accounting firm.
- Convenient Location
Our firm is having a convenient location in the city of Ahmedabad and also we provide mobile accounting services which allow doing accounting activities from anywhere. These are the list of accounting services provided by our firm.
- Certification
Bookkeeping and taxation don't require a professional accountant but they can be done and managed by charted accountant also. Certification provides one authentication which is one dignity.
- Relevant experience
In a firm accounting, it's nice to have sufficient experience in a specific field which significantly makes work relatively better and quality oriented compared to the fresher and inexperienced accountant.
- Proactive About Saving Money
It's nice to have the habit to save money and with our accounting services and our investment advisory, we also provide guidance about saving money and the importance of saving money in Life.
- Matched Software
It's very most important to work with a person who is having same software usage as yours it will give you satisfaction and loyalty.
With this our firm P.K. Modi provides leading services in terms of accounting and finance along with taxation here are some tips to ensure the best fit for your business establishments advisory.

Leverage your personal network

Don't rush the hiring process

Run background check

Negotiate fees

- Leverage your personal network
Leveraging your personal network is very important for small business because as much as your network increase your business is also increasing which authorize for the growth of the business.
- Don't Rush the Hiring Process
Don't select the first candidate as your 'good fit' for your requirements but as an owner, you should take multiple interviews of multiple candidates which provides them with choices.
- Run Background Checks
It's very important for candidates background checks before the hiring process because background checking it'scoke to know the habit and work ethics of employees before hiring.
- Negotiate Fees
You should have the budget for the accounting activities of its increase then you should negotiate the accounting fees. So these are the various tips to ensure the best fit for your business.
It's also important to select the right account firm or service for your company. Here are some tips to have the right accountant firm or service selection for your company.

Certified Public Accountant (CPA)

QuickBooks Pro Adviser

Accountex

- Certified Public Accountant (CPA)
Not every accountant is a CPA to become a CPA accountant should pass the exam to become a certified accountant.
- QuickBooks Pro Adviser
If you already use QuickBooks for your finance so you need to hire a QuickBooks Pro adviser to manage all the financial advisory and tax advisory services in ahmedabad along with taxation too.
- Accountex
Accountex is a global membership community for accounting masters that you can use to find bookkeepers, accountants, or CPAs you can also find experts who specialize in the specific software you use. So these are the special tips and services offered by our firm.

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It's very important to select the right account services as our firm provide efficient and effective accounting services to our customers since 1989. As our mission is to give relevant services in terms of financial advisory and benefits to our clients because financial advisory is necessary nowadays and the right investment gives significant returns to our clients.

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How A CA Firm Can Help A Start-Up Business To Grow?

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How A CA Firm Can Help A Start-Up Business To Grow?

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The importance of engaging a CA firm for managing a running business remains undisputable to all. When it comes to a start-up firm, struggling to find solid ground under its feet in a fiercely competitive environment, hiring a CA firm often sounds like an extravaganza. In reality, beginners in the market need the assistance of experts more than the established and reputed companies running in the market for decades.

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The importance of engaging a CA firm for managing a running business remains undisputable to all. When it comes to a start-up firm, struggling to find solid ground under its feet in a fiercely competitive environment, hiring a CA firm often sounds like an extravaganza.

In reality, beginners in the market need the assistance of experts more than the established and reputed companies running in the market for decades. P. K Modi & Co. is one of the finest accounting firms that start-up organizations can trust blindfolded.

With more than three decades of experience, they have some of India's experts with immense knowledge of corporate tax laws, business agreements, and more. If you have plans to launch your company shortly, a CA firm can help you establish and grow effortlessly.
Devising Business Plan
With an expert directing you through the process of a business launch, the hectic task becomes easier. What helps you the most is the insight, and expertise a reputed CA firm possesses and offers you to lay the foundations of your new business.

The professional CAs generally possess an in-depth knowledge of the present market. Therefore, they impart valuable pieces of advice to their clients to help devise a plan suitable for the existing market conditions.

When you adopt a strategic business plan, your chances of gaining some profit in a short time increase. New businesses generally struggle to meet their breakeven point. With the reputed CA firm overseeing your business launch process, you can reach breakeven faster.
Applying For Loans
No business can grow or flourish without enough capital support. Loans and overdraft facilities hang on one of the most popular and easy-to-get sources for amassing capital.

However, the terms of the loan, the agreement of repayment, and the amount to be loaned are a few critical factors that determine the long-term efficacy of a loan.

After all, loans are liabilities and a new business should be particularly careful about financial liabilities. Additionally, your CA can handle all the documentation and queries of the lending institutions carefully and professionally.
Registering Your Company
After all preliminary preparations are over you need to set up your business venture in the market, legally. The legal processes of registering a business may seem much more complicated and time-consuming for a common person. However, CA firms deal with such legal aspects regularly.

Hence, you can always depend on the experts for registering your business without any errors or loopholes. Additionally, different forms of companies need separate laws to follow.

A private ownership company will not have the same procedure of registration as a partnership firm. The experts understand the differences clearly and follow the registration process based on your company's ownership type.

Therefore, you never get to face any legal hassles for not registering your company following the latest rules. With the best accounting firm in India, P. K. Modi & Co., you can establish your company minus any ordeal. They have knowledgeable and experienced chartered accountants capable of helping you launch your business successfully. Also, check out our leading firm for tax advisory services and business establishments advisory for a better future of accounts in your business.

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How A CA Firm Can Help A Start-Up Business To Grow?

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The importance of engaging a CA firm for managing a running business remains undisputable to all. When it comes to a start-up firm, struggling to find solid ground under its feet in a fiercely competitive environment, hiring a CA firm often sounds like an extravaganza.

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What Services Can You Expect from a Reputed CA firm?

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What Services Can You Expect from a Reputed CA firm?

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For any business, small or large, new or old, maintaining the financial accounts remain the first step towards operational transparency, market reputation, and growth. When the finance runs smoothly, a business can think in terms of long-term expansion plans, growth, diversification, and more. This is where the relevance of hiring a reputed CA firm like P. K. Modi & Co comes in.

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For any business, small or large, new or old, maintaining the financial accounts remain the first step towards operational transparency, market reputation, and growth. When the finance runs smoothly, a business can think in terms of long-term expansion plans, growth, diversification, and more.

This is where the relevance of hiring a reputed CA firm like P. K. Modi & Co comes in. The experts of the experienced CA firm engage professionals with years of experience and an in-depth understanding of the accounting process to keep your business out of every financial hassle.

If you are searching a reliable accounting firm, here is a list of services you must expect an acclaimed one.
Direct And Indirect Tax Regulations
Managing the taxes payable to the government remains a towering and unavoidable task for every enterprise. All businesses deal with direct and indirect taxes. Based on the budget provisions and several other criteria, the government keeps updating and changing the tax regulations almost regularly.

Keeping track of these changes alongside your business functioning can be a challenging task at times. The best CA firms help manage all your tax-related requirements and keep your business clear of any dues or misappropriations.

CA firms keep the best and the most experienced tax experts who understand corporate tax laws like the back of their hands. These experts keep your business out of every tax misappropriation risk.
Audit Services
Documentation remains an inseparable part of every business. With marketing plans and internal business operations taking up all your time, you cannot invest enough time or allege enough importance to the documentation part.

However, with experts, your business documents can remain clear and well arranged. The best CA firms conduct GST audits, tax audits, internal audits, transfer pricing audits, statutory audits and more for your business.

All these audits are essential for your business and keep it out of legal hassles. For the security and sustenance of your business, you should depend on one other than the most competent and reliable CA firms.
Secretarial And Legal Services
The reputed CA firms also extend a wide range of secretarial and legal services to their clients. Be it a piece of advice on FDI in India or assisting the client to open a new office in the country, CA firms keep all the background work loophole-free for the companies.

The start-ups can approach the CA firms for establishing a new public or private company without committing any ignorance-born errors. The expert CA firms also help the clients to draft several agreements for foreign collaboration, joint ventures, legal issues, powers of attorney, affidavits, and more.

If you wish to partner with another firm, the CA firm experts can help draft MOUS for you. Companies often flip away from investing their capital outside the country partly due to a lack of procedural clarity and partly for their inadequate knowledge of the regulations involved.

CA firms offer their expert advice on matters of foreign investment to make it worth every penny. If you run a business, you should consider hiring a reputed and reliable CA firm without any delay. Also, check out our leading firm for tax advisory services and business establishments advisory for a better future of accounts in your business.

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What Services Can You Expect From a Reputed CA firm?

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For any business, small or large, new or old, maintaining the financial accounts remain the first step towards operational transparency, market reputation, and growth. When the finance runs smoothly, a business can think in terms of long-term expansion plans, growth, diversification, and more. This is where the relevance of hiring a reputed CA firm like P.

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The Need to Hire a CA Firm for Your Business

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The Need to Hire a CA Firm for Your Business

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As an authoritative business owner, you may already know that the expert advice of a reputed and experienced chartered accountant is actually indispensable for your company. Well-experienced chartered accountants are familiar with all the lawful pathways used to support a company and the productive use of its resources. With a capable and certified CA on board, you can be assured that the business does not fall into grave pitfalls.

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As an authoritative business owner, you may already know that the expert advice of a reputed and experienced chartered accountant is actually indispensable for your company. Well-experienced chartered accountants are familiar with all the lawful pathways used to support a company and the productive use of its resources. With a capable and certified CA on board, you can be assured that the business does not fall into grave pitfalls.

You can find a leading chartered accountant firm to boost your company's profit margin. You should also make sure the CA firm is well established to provide auditing, tax consulting, legal support, and other financial services. P.K. Modi & Co. is by far one of the best accounting firms in India with more than 30 years of experience in offering financial and legal services to countless businesses.
New Business Planning
Setting up a new business venture will be fruitful only with a sound investment plan. Only a professional CA can help you in the planning phase and show that you are committed to setting up a new venture and have the necessary skills to realize all your goals. A well-formulated plan can gain the confidence of important people such as investors, financial lenders, and stakeholders. Professional CA experts play a crucial role in preparing the ideal blueprint for your business accounts.
Sustaining Your Current Business
Even old businesses and companies need to hire the services of a suitable CA firm to cater to their various requirements. To operate a successful business organisation, you must be able to make the right financial predictions and make a fair estimate of the results of your yearly financial dealings. To get a near accurate prediction, you can always depend upon the skills of professional chartered accountants. These experts can give you the right insight into the present market conditions and find smart ways to increase your profits.
Handling Tax Returns
Reliable CA firms are masters in handling your business tax returns and other tax-related documents. It is not unusual for a company to have lots of tax documents, some complex in nature, so it is best to hire a CA expert to help with the tax load. They are quite knowledgeable in completing tax paperwork and documentation. These professionals have the perfect skills and training to resolve all your tax issues so that your business venture is fully compliant with the tax rules and laws of the country.
Indian Chartered Accountant Services Cannot be Overlooked
Many businesses may feel that the role of a financial specialist can be easily dispensable. However, a financial specialist like a certified CA is the one who assists all kinds of small, medium, and big businesses to stay financially stable and gain lucrative profit margins. An Indian chartered accountant firm offers valuable and timely financial advice. Their audit account reports are always precise, exact, and completely reliable.

Be it legal accounting, filing taxation papers, assisting in the company's financial recovery, and handling insolvency problems, all these activities can be performed by a trusted CA firm. Every company needs to hire a financial expert to get access to the latest market information, explore investment opportunities, get a grip over their financial expenses, and make way for flexible gains. Also, check out our leading firm for tax advisory services and business establishments advisory for a better future of accounts in your business.

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The Need to Hire a CA Firm for Your Business

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As an authoritative business owner, you may already know that the expert advice of a reputed and experienced chartered accountant is actually indispensable for your company. Well-experienced chartered accountants are familiar with all the lawful pathways used to support a company and the productive use of its resources.

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The Pros of Outsourcing Accounting Services

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The Pros of Outsourcing Accounting Services

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Outsourcing can assist a business in several ways, including letting you enjoy high-quality labour at a fraction of the cost it will take to hire a full-time employee. Accounting is not just one thing, it is multiple things rolled into one. Some of the accounting services you can choose to outsource are accounts receivables, accounts payables, drafting a financial statement, bookkeeping, generating bank statements, financial planning and analysis, tax reporting, payroll processing and so much more.

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Posted by Pradip on August 24th, 2022

Outsourcing can assist a business in several ways, including letting you enjoy high-quality labour at a fraction of the cost it will take to hire a full-time employee. If you are considering outsourcing accounting services, then this post might help you understand why you should carry on and do it.
Accounting Services You Can Outsource
Accounting is not just one thing, it is multiple things rolled into one. Some of the accounting services you can choose to outsource are accounts receivables, accounts payables, drafting a financial statement, bookkeeping, generating bank statements, financial planning and analysis, tax reporting, payroll processing and so much more.

At P. K. Modi & Co., get the benefit of choosing the best of the CA firms in India for your business.
Real Pros of Outsourcing Accounting for Your Business
Highly Time Saving

Why waste important company hours of your employees having them do bookkeeping when they would rather do things that would be productive? It is certainly not a layperson's job and requires experience. When someone outsources, they have to be of being time-efficient for your business. Help your business save time and do the things that matter.

More Cost-Effective

It is just more cost-effective to outsource accounting and finance for your business. It can cost you the monthly salary of an accountant if you choose to hire a full-time employee of your own. But it will be only a fraction of that cost if you choose to go the outsourcing way.

Less Chance of Fraud

When you give a contract for the accounting for your business, there are lesser chances of fraud happening. This is because the outsourcing accounting partner is going to have the expertise and experience needed to do a good job. It is just not possible for a business no matter how small or big, to do it and not have a risk of fraud. To protect your business by going for a professional outsourcing firm.

Better Quality of Work

When you consider a reputed firm for outsourcing the account of your business, you get high-quality work done. This is because the firm has experience in doing the same for many other organizations and also brings that expertise to your business. So you have better payroll management and easier tax filing.
Outsourcing Accounting: The Way to Go
Now that you know all the real reasons why outsourcing is so much better, it is time to find a firm that will fit the bill. If you feel that it is going to cost you a lot of money, that is not right. Choose well and you will have a firm that will do the job at a very decent price and help you have a stress-free accounting experience.

Sometimes outsourcing is smarter and this is definit the things that you must outsource if the pros have you wondering. Leave the tedious and manual tasks of most accounting jobs to the professionals who understand it well and you can concentrate on the other problems of your business. Also check out our leading firm for tax adivsory services and business establishments advisory for better future of accounts in your business.

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The Pros of Outsourcing Accounting Services

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Posted by Pradip on August 24th, 2022 Outsourcing can assist a business in several ways, including letting you enjoy high-quality labour at a fraction of the cost it will take to hire a full-time employee. If you are considering outsourcing accounting services, then this post might help you understand why you should carry on and do it.

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Are You Setting Up a Business? Here's Why You Must Hire a CA

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Are You Setting Up a Business? Here's Why You Must Hire a CA

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Whether you own a small-scale or large business, you need skilled professionals to manage finance. That's where the role of a chartered accountant acts as a driving force in establishing the establishment.

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Whether you own a small-scale or large business, you need skilled professionals to manage finance. That's where the role of a chartered accountant acts as a driving force in establishing the establishment. From calculating salaries to maintaining tax, a chartered accountant discovers some of the most affordable ways to enhance business growth.

At P.K. Modi & Co, you can find seasoned accountants who can provide smooth and quality professional services. Whether you're a small start-up or want to learn about overseas direct Investment, or foreign Direct Investment, consult the professionals today. Amongst the best and top CA firms in India, P.K. Modi & Co offers reliable services.
Perks of Hiring a CA #1 Manages the Expenses
The most fundamental role and responsibility in a business are to manage the finance that too cost-efficiently. If there isn't any track of cash flow, the overall cost may be more than profits. The chartered accountant assists business holders in saving money. After all, they first make sure that the company does not lose track due to a crucial financial crisis.
#2 Assisting in Correct Investment
The CA or chartered accountants aim to make budget-friendly business solutions. In addition, they also advise on the correct investments. This makes it easier for your company to drive profit in the long run. A CA helps the business grow, thereby implementing sought-after best strategies to make a profitable entity.
#3 Reducing the Cost
Recruiting a CA from an accounting firm in India becomes expensive, but a seasoned chartered accountant effectively helps reduce the business expense. Thus, he is an investment in your business. From the year-end accounts to tax returns, these professionals maintain & rectify each smallest detail concerning the monetarily flow in a company.
#4 Offer Legal & Audit Solutions
When audits get practiced by the government, it becomes an unavoidable nightmare. That's more evident specifically for entrepreneurs handling their accounts individually. So, hiring a chartered accountant is a worthy investment. Given their efficacy with accounting prophecies, they can manage your organisation`s finance. In fact, they can also offer greatest recommendations on bookkeeping and other legal issues too.
Saves Your Quality Time
A CA takes the most significant responsibility, thereby helping you manage the company's account. The professional exclusively makes the job easier by handling the crucial financial tasks for the company. So, hiring a skilled chartered accountant will save your quality time.
Handling the Accounting Function
Before talking to an attorney, you need to understand that there are two main forms of accounting used to run the business. They get used by a team of management and financial accountants together to bring rewarding results. Both accountants collaborate together to establish stable growth of the company.

From the great information mentioned above, it's clear that a chartered accountant will serve as the company's financial backbone. Even when your company experiences financial challenges, a CA will be there to handle the monetary stress. With decades of work experience and expertise, a CA not only serves monetary solutions but also builds brand identity. For further information, visit www.pkmodi.com.

We are among the top CA firms in India. We offer tax advisory services from the best experts you can have. We are also business establishments advisory building your business to new heights. Consult us for accounting services for your business.
This article was written by CA Pradip Modi for on .
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Are You Setting Up a Business? Here's Why You Must Hire a CA

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Whether you own a small-scale or large business, you need skilled professionals to manage finance. That's where the role of a chartered accountant acts as a driving force in establishing the establishment. From calculating salaries to maintaining tax, a chartered accountant discovers some of the most affordable ways to enhance business growth.

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Guide on Choosing the Best Accounting Firm in India

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Guide on Choosing the Best Accounting Firm in India

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When you are looking for an adequate and qualified accounting firm in India to manage your business accounts, you must be thorough in your procedure, since the success of your enterprise will depend on it.

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When you are looking for an adequate and qualified accounting firm in India to manage your business accounts, you must be thorough in your procedure, since the success of your enterprise will depend on it. The key question you need to ask yourself is, what you should look for when choosing an accounting firm to meet your business needs?

Several accounting firms exist, making it difficult to choose the best quickly and with confidence. However, there are a few aspects to weigh in before making the final choice. Some of these are:

1) Favorable Return on Investment

First and foremost objective of any business is to make it to a good Return on Investment (ROI) the company has made in any area, including the accounting firm. Accessing the firm's ROI should be one of your main steps to ensure that you receive a profitable deal.

2) Values and Overall Vision

The accounting firm you believe in should have core values and goals that are similar in line with what your organization believes in and wants for itself. Working with like-minded firms will result in improved relations and ultimately a greater satisfaction of service.

An accounting firm that has been recognized by the reputed publications and important organizations is a great sign. Recognition is a sign of experience and competence that is validated by outside sources other than the claims of the accounting firm.

Working with a recognized firm like P. K. Modi & Co., one of the best accounting firms in Indiacan make all the possible difference in your accounting side of the business. Firms like P. K. Modi & Co. specialise in providing top-level accounting services in India to grow your business.

4) Technological Aspect

Accounting activities have been made easier with the development of technology, giving rise to more powerful software. These advancements are making the procedure of tallying easier and more accurate.

There are many top CA firms in India that have not kept up with modern technology. You might want to avoid these firms and opt for those firms that use the latest practices in accounting.

5) Efficient Communication and Transparency

Open and operative communication is very important when it comes to accounting. Great communication will result in an organized workflow along with accurate records of the business. Transparency of information is most important.

Therefore, it is wise to opt for an accounting firm where you feel that your needs are being understood as well as acted on. Working with such firms will help you build greater connections and ultimately, you will yield better results.

It is vital to establish in the beginning what the accounting firm promises and how they guarantee their end of the deal. It is important to discuss how matters of dissatisfaction will be resolved between the two parties.

Not a single indicator can decide a great accounting firm. Therefore, it is crucial for all to keep an eye on several points before giving your organisation to an accounting firm.

We are tax advisory services in Ahmedabad leading since 30 years in the field of accounting, auditing, corporate advisory and taxation. We provide accurate and timely business establishments advisory for our client`s business with the most affordable rates in the market. We are here to unload your burden of taxing and accounting for your business or personal filing.

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Guide on Choosing the Best Accounting Firm in India

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When you are looking for an adequate and qualified accounting firm in India to manage your business accounts, you must be thorough in your procedure, since the success of your enterprise will depend on it. The key question you need to ask yourself is, what you should look for when choosing an accounting firm to meet your business needs?

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4 Soft Skills of a CA: Why You Need an Accountant?

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4 Soft Skills of a CA: Why You Need an Accountant?

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An adept accounting expert associated with top CA Firms in India should have leadership qualities. It helps him step into the senior roles as soon as the perfect time comes.

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4 Soft Skills of a CA: Why You Need an Accountant?

An adept accounting expert associated with top CA Firms in India should have leadership qualities. It helps him step into the senior roles as soon as the perfect time comes.

For more visit information: https://bestaccountingfirm.tumblr.com/post/687386838732800000/4-soft-skills-of-a-ca-why-you-need-an-accountant

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P. K. Modi & Co.

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P. K. Modi & Co. is trusted CA accounting firm in Ahmedabad India. We 30+ years of experience in the field of auditing, accounting, corporate advisory etc. Visit: https://www.pkmodi.com

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4 Soft Skills of a CA: Why You Need an Accountant?

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An adept accounting expert associated with top CA Firms in India should have leadership qualities. It helps him step into the senior roles as soon as the perfect time comes. For more visit information: https://bestaccountingfirm.tumblr.com/post/687386838732800000/4-soft-skills-of-a-ca-why-you-need-an-accountant

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Dutiful Roles & Responsibilities of a Chartered Accountant 

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Dutiful Roles & Responsibilities of a Chartered Accountant 

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Since they are professionals in finance, taxing, laws, and agreements, they become an integral part of a business. And here's your post that narrates the duties of a chartered accountant in business operation.

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Dutiful Roles & Responsibilities of a Chartered Accountant

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One of the top significant aspects ofrunning an establishment is managing accounts. It goes beyond analysing and tracking debits or credits. Thus, having a dutiful and competent chartered
accountant by your side can help you set the business.

Since they are professionals infinance, taxing, laws, and agreements, they become an integral part of a business. And here's your post that narrates the duties of a chartered accountant in business operation. Before recruiting a professional person, ensure that the CA in an accounting firm in India performs these duties.

#1 Fiscal Data Management

A company's accounting and financialstructure is an integral component of any management operation. One of the prime roles of the CA is to involve the maintenance and collection of financial
data. The professionals should always validate that the financial records get maintained in compliance with the law.

He must surely check that eachdetail of his organisation remains intact. After all, it's the most important component used in managing or operating at all business. Besides, the professionals
should also take on board how to develop, implement, and maintain the databases.

#2 Assistance and Analysis

Chartered accountants in P. K. Modi& Co. are analysts who perform certain studies by implementing financial data. By doing so, they assist entrepreneurs in making the most decisions for businesses. From deciding the kinds of supplies to order to bill payment and payroll, the professional handles intricate tasks. Advising on some important business operations includes issues like:

· Expenditureand revenue and trends

· Financialcommitments

· Futurerevenue expectations

An accountant also analyses financialdata to solve discrepancies & irregularities that might arise in the future. Their business suggestions may involve developing efficient procedures & resources. At the same time, they also come up with strategic recommendations and formulate operational business strategies for certain financial situations or problems.

#3 Preparing Financial Reports

Accountants working in top CA firms in India may preparefinancial statements. That might include annual and monthly accounts depending on the compiled financial information. They also prepare financial management reports for accurate year-end as well as quarterly closing documents.

#4 Reporting and Regulating Compliances

The accountant possibly isresponsible for ensuring the financial reporting deadlines get met, externally and internally. Besides, supporting and monitoring the taxation issues is also a dutiful responsibility of an accountant. The expert also coordinates the auditing procedure by assisting with the financial data and audit preparation.

#5 External Business Associations

The CAs work with the financialprofessionals who work in major industries such as management, government, public, and internal auditing accounting. They might offer data to the public accountant who is a consulter here.

Corporations, organisations,governments, and non-profits use management accountants to record businesses' financial information and analyse it. They advise the company stockholders, executives,
creditors, tax personnel, and regulatory agencies.

Top Skills that a Competent Chartered Accountant Should Master

When you plan to hire a competentchartered accountant, look for these skills:

· Shouldpossess the administrative and managerial skills

· Musthave professional acumen in the digital world

· Needsexcellent time management proficiencies

· Asound communicator

· Interpersonal,analytical, and problem-solving skills

So, when selecting the best CA firm in India, ensurethat the professionals serve you with these services.

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Dutiful Roles & Responsibilities of a Chartered Accountant

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CA P. K. Modi & Co. is the best reputed chartered accounting firm in Ahmedabad with the most specialised team members.

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How to Choose the Best Accounting Firm in India in the Smart Way

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How to Choose the Best Accounting Firm in India in the Smart Way

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Working with the best CA firm can give your business a competitive place and promote better practices in the long run.

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​Working with the best experienced accounting firm can give your business a competitive place and promote better practices in the long run.
However, one pressing question every business enterprise should ask is what qualities we need in
Chartered accounting
firms and how to opt for that one firm. Concluding an answer is important to make a better decision when choosing the best accounting firm in India for you.

A single quality doesn`t make an accounting firm great, there are several. Here is a comprehensive list of all the aspects that one should carefully take into the discussion before choosing an accounting firm:

1) References
Getting accounting firm recommendations from friends and acquaintances can backfire in a lot of ways. However, this method works effectively today as well, especially if you are not unqualified with the work of an accountant or accounting techniques.
However, it is important to note that more dependence on this can hurt your chances of expanding the business. Therefore, there are several other important criteria you should consider before hiring
CA firms in India.
2) Accounting Fees and Level of Services
The accountant fees differ from one firm to another. Many accountants might charge by the minute and some might have a set rate for their services. Therefore, it is crucial to be sure about how much you are willing to spend on an accountant and which type of payment are you in a position to make.
Accounting firms differ in their levels of services. Meaning, that while some of the accounting firms provide all inclusive services related to bookkeeping, some firms do not have those services. Therefore, a thorough decision should be made regarding your needs and if the firm is able to help you.

3) Audit Support
New enterprises undergo more frequent periodic tax audits. As a newcomer, you can greatly benefit from the full-time assistance of your accountant. As it is challenging for new businesses to fulfill the many requirements, a skillful and experienced accountant can make the procedure easier for you.
Every accounting firm provides differing support for audits, wherein some firms provide in-house audit provisions to the client. Thus, you must go with an accounting firm that provides strong audit support.

4) Transparency and Open Communication
Transparency of information is all-important for accounting services. Always make sure to get proper feedback from your accountant while deciding on the finances for future expenditure. This would ensure that you very well-know the strategies being used in preparing the books.
Open communication would not only result in an organized workflow but also accurate bookkeeping and greater interpersonal relations.

5) Technological Input
Accounting processes have been very benefitted from the great development in technology. Newer software has made these processes easier to initiate while maintaining accuracy.
You are most likely to come across accounting firms in India that use outdated software. Always try to avoid such firms that practice outdated software and technology.
Accounting firms with advanced systems like P. K. Modi & Co. might charge more, however, it will get you greater results.
Deciding upon the best accounting firm can become time-consuming. However, your business`s success and growth greatly depend on your choice of an accountant.

CA P.K Modi & co. is the most experienced chartered accounting firm in Ahmedabad. We provide the best
business establishments advisory
to small business and firms. We are leading since 30 years with experienced team members and advisors. We provide accurate and timely
tax advisory services
in Ahmedabad. We have expertise in the field of accounting, auditing, corporate advisory and taxation. We are here to help you with accounting services for your business.

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How to Choose the Best Accounting Firm in India in the Smart Way

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​Working with the best experienced accounting firm can give your business a competitive place and promote better practices in the long run. However, one pressing question every business enterprise...

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Growing your Business through CA Firms in India in 2022

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Growing your Business through CA Firms in India in 2022

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India is in the age of budding start-ups, where thousands dream of establishing the next big business. To take your business foundation to greater heights, you need to work with the top Chartered Accountants firms in India, like P.K. Modi & Co.

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Every entrepreneur has a progressive mindset for their business. Where increasing profits and promoting ethical conduct are very important for running a successful enterprise. In the end, it all resides in finding and implementing the most useful practices and sustaining those for the betterment of the business.

India is in the age of budding startups, where thousands dream of establishing the next big business. To take your business foundation to greater heights, you need to work with the top CA firms in India, like P.K. Modi & Co.

P. K. Modi & Co. and other top accounting firms in India are capable of providing you with professional help that will help you and your business in areas like tax consulting, business progression and many more.

If you are not sure whether or not to work with a CA firm, here are the views of the key advantages of hiring a well-known and experienced accounting firm:

1) Help in the Development of Business Models

The best chartered accounting firms in the country have a strategic understanding and broad perception of the market and industry. This vast knowledge can help companies to create new business models and/or bring changes to existing plans to ensure greater results.

With time, your business will continue to be a success with more branches and aspects will be added to tackle a greater workload. A qualified CA will easily handle business procedures and handle business taxes, while also providing useful solutions to the company.

2) Effective Tax Consulting

Tax is a vital aspect of business and it is important to rectify it before you pay it. This is when you need an experienced accountant. Your accountant will help to cut down the level of taxes needed to be paid.

Working with the reputed CA firm in India will result in effective tax advice that will help you stay away from unanticipated tax bills in the end.

3) Important Role in Auditing

Audits are important and mandatory for all firms. Audits are complex and take up a lot of time. The foremost aim of the audit is to make the business complies with every relevant law.

Good CA firms in India work together with their clients to help improve their risk and book-keeping practices. This ensures that there are no unfavourable surprises in the auditing.

4) Helpful in Business Progression

If you are searching for organised ways to promote and grow your business, hiring a CA will be a great option. They have a professional skill set to locate effective ways to allocate the resources of the business to fetch significant benefits.

A Business is Incomplete without a CA

Businesses are quick to believe that the key to success lies in just the quality of their services or their human resources. However, a financial expert on whom the company can rely is one of the most vital element of running a business

A qualified accounting firm in India will provide you with invaluable assistance and financial advice to stay on top of the competition and keep things organized.

We are among the top CA firms in India. We offer Tax Advisory Services from the best experts you can have. We are also Business Establishments Advisory building your business to new heights. Consult us for accounting services for your business.

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Best Audit Services Firms in India - P. K. Modi & Co.

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Best Audit Services Firms in India - P. K. Modi & Co.

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P. K. Modi & Co. is leading name in the field of audit services in Ahmedabad. We are established in the year of 1989 in Ahmedabad and having more than 30+ years of experience in the field of chartered accounting services.

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GST Audit

As one of the leading audit services firm in Ahmedabad, we provide expert GST auditing services to help business stay fully compliant with the latest GST Regulatory and ensure proper tax payment, timely claims of refunds.

Statutory Audit

We at P. K. Modi & Co. offer service as a statutory audit and at a station in Ahmedabad. The best statutory audit services guide, the client to remain fully compliant with ompany Law and LLP Act.

Internal Audit

Our internal auditor services in India can be availed of to assist the business growth and grab new opportunities through continuous evaluation of business operations and governance

Tax Audit

When it comes to Tax audit in India, P. K. Modi & Co. comes as one of the most sought after auditing service providers. Reputed as one of the top tax audit services in India, we help the business in finding out all lapses and non complainces in taxation and address them at the right time.

Transfer Pricing Audit

Under the Indian Income Tax act, the transactions entered between related parties at domestic or International level needs transfer pricing report to establish that the transaction are at arm's length. We at P. K. Modi & Co. provide the services of preparing transfer pricing report and submit to Income Tax department.

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Audit Services, Statutory Audit Services, Tax Audit Services, Internal Audit Service & Compliance Audit Services In Ahmedabad, India

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As one of the leading audit services firm in Ahmedabad, we provide expert GST auditing services to help business stay fully compliant with the latest GST Regulatory and ensure proper tax payment, timely claims of refunds. We at P. K. Modi & Co. offer service as a statutory audit and at a station in Ahmedabad.

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Best Bookkeeping Firms in India - P. K. Modi & Co.

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Best Bookkeeping Firms in India - P. K. Modi & Co.

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Established in the year 1989 at Ahmedabad P. K. Modi & Co. is leading name in the field of bookkeeping services in India. We are having more than 30+ years of experience in the field of chartered accounting services. We are providing complete bookkeeping solution to maintain all accounting and financial data.

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P. K. Modi & Co. offers complete solutions to help businesses, maintain their financial and accounting records and obligations in the right manner.

Business-specific Bookkeeping

At P. K. Modi & Co. we are aware that the bookkeeping requirements of every business is different and accordingly we offer business-specific customise bookkeeping services that helpin dealing with financial data.

Helping Strategic Planning

When business needs to make a growth plan, based upon data-driven financial insights, our business-focused, tailor-configured bookkeeping services come to help.

Streamlined Auditing

Our bookkeeping services focus on creating business-specific accounting records with all financial parameters organised meticulously to help smooth, streamlined and effortless auditing with no scope for errors.

Better Crisis Management

The bookkeeping services offered by P.K. Modi & Co also takes care of the unpredictable situations such as system failure, data processing bottlenecks, etc. into consideration and keeps a contingent plan ready to meet these challenges.

Audit-Optimised Records

We ensure maintaining financial and accounting records in a way to make auditing easier. Our bookkeeping services focus on keeping records in an audit-friendly manner.

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Bookkeeping Services in India, Outsource Bookkeeping Services India, Bookkeeping Companies In India

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P. K. Modi & Co. offers complete solutions to help businesses, maintain their financial and accounting records and obligations in the right manner. At P. K. Modi & Co. we are aware that the bookkeeping requirements of every business is different and accordingly we offer business-specific customise bookkeeping services that helpin dealing with financial data.

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Top Tax Consulting Firms in India - P. K. Modi & Co. Firm

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Top Tax Consulting Firms in India - P. K. Modi & Co. Firm

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With 30 plus years of experience P. K. Modi & Co. is one of the top tax consulting firms in India and established in the year of 1989 in Ahmedabad. We are offering auditing, consulting, legal proceedings and other services to different type of organizations and businesses. With providing modern solution with subject bas expertise making us top tax consulting firm in India.

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Experience & Expertise

A large team of experts with years of experience and state of art technology with infrastructure satisfy the domestic and international clientle, for their need based requirements.

Business-specific Solutions

The firm evaluates the Business requirements of entity by following the best practices before presenting various possible solutions.

One Stop Solution for All Accounting and Profetional Services

With a hard working team of experts and human resources, the firm offers various services like taxation, management, business establishment and legal services. We offer accounting, GST, Income Tax, Auditing, business establishment, legal services under one roof.

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Top Tax Consulting Firms in India | Tax Consulting Firms In Ahmedabad

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P. K. Modi & Co. is leading top tax consulting firms in India with well-qualified and high experinced team of chartered accountants. We offers complete tax consultation and other services.

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Direct-Indirect Tax Advisory Services in Ahmedabad - P. K. Modi & Co.

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Direct-Indirect Tax Advisory Services in Ahmedabad - P. K. Modi & Co.

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P. K. Modi & Co. is leading name in the field of direct-indirect tax advisory services in Ahmedabad. We are established in the year of 1989 in Ahmedabad and having more than 30+ years of experience in the field of chartered accounting services. Our professional team offers all kind of direct and indirect tax regulatory services to all type of businesses.

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Direct Tax

At Present Government of India is introducing Direct Tax regulatory compliance systems in a digital mode. Our experienced team with state of electronic infrastructure meet the timely requirements of clients. We at P. K. Modi & Co. do not disappoint clients and offer dynamic tax solution and compliance services to meet their expectation.

Indirect Tax

The most recent reforms India brought in their Tax system is Goods and Service Tax. We have dedicated team to deal with such latest Tax reform. We help client in analysing tax implication on their business as and when changes take place in static mode of regulations. We at P. K. Modi & Co. offer the services related to excise and custom law along with foreign trade policy.

We offer the following tax regulatory services:

Corporate Taxation Advisory Services:

As a leading tax advisory service in Ahmedabad with a global clientele, we offer tax consultancy to firms and corporations for both domestic taxation as well as international taxation.

Our Services Include:

Transfer Pricing Report.

Double Taxation Avoidance Treaty Analysis

Review of POEM.

Tax Deduction management for Royalties, FTS and Dividend

Direct Tax Compliance

We are one of the recognised taxation advisory service provider with proven expertise in Direct tax laws for High Networth Individuals, LLP, Partnership firms, Non-Resident Indians (NRI) and Private trust.

Direct Tax Litigation:

We help individuals and business entities in drafting and handling tax appeals before the designated tax authorities such as Income Tax Commissioners or Appellate Tribunal.

Tax Compliance:

As a leading firm for tax advisory in Ahmedabad, we have a long track record of helping businesses in their tax planning and following regulatory requirements to avail themselves of the applicable tax benefits.

Preparation and filing of tax Returns

Assistance in Preparation of Tax Deduction and collection Returns.

Regular advisory for change in Direct Tax law and Tax rate.

Completion of advance Tax and employees Tax compliance.

Indirect Tax - GST Regulatory Compliances:

We help businesses to register their businesses and comply with the GST regulations.

Service Offerings

Preparation and filing monthly / Quarterly and Annually GST Returns.

Assistance in Preparation of Reconciliation in GST.

Carry out GST Tax impact Analysis.

Advice on various incentive schemes of foreign trade policy.

Advice in custom related valuation brief.

Indirect Tax -GST Audit and Appeal:

We carry out GST audits, handles inspection/survey and appeals before appellate authorities.

International Taxation Services:

At P. K. Modi & Co. we provide appropriate legal advice and secured opinion from overseas jurisdiction for setting up business outside India. At the same time, we connect with appropriate professional firm from our network for availing services.

Legal Counselling and Services on Taxation:

We also help business firms to get expert legal opinions on tax disputes and help in handling any case before Honourable High courts and Supreme Court of India.

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Tax Advisory Services in Ahmedabad, India, Taxation Advisory Services in India

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At Present Government of India is introducing Direct Tax regulatory compliance systems in a digital mode. Our experienced team with state of electronic infrastructure meet the timely requirements of clients. We at P. K. Modi & Co. do not disappoint clients and offer dynamic tax solution and compliance services to meet their expectation.

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Business Startup Establishment Advisory Services – P. K. Modi & Co.

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Business Startup Establishment Advisory Services – P. K. Modi & Co.

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More than 30 years of experience, established in the year 1989 at Ahmedabad P. K. Modi & Co is well known business start-up and establishment advisory services providing company in India. We are offering assistance to newer ventures how to established or start up their businesses in India. Our expert can provide advice so that you can achieve success.

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Business Establishments Advisory, Company Establishment, Establishment of New Business

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P. K. Modi & Co. is provide complete business establishments advisory for new company establishment. We help investors for establishment of new business in India with all guidelines.

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Best CA Accounting Firms in India – P. K. Modi & Co.

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Best CA Accounting Firms in India – P. K. Modi & Co.

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P. K. Modi & Co. is trusted CA accounting firm in India established in 1989 at Ahmedabad. We have more than 30 years of experience in the field of auditing, accounting, corporate advisory, foreign trade policy and taxation. Our expertise team offer business start-up and establishment service, direct and indirect tax regulatory service, legal & secretarial, customized bookkeeping and many other services.

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About Us

P. K. Modi & Co. is a leading CA firm in India with expertise in the field of Accounting, Auditing and Taxation.

The firm is established in 1989, at Ahmedabad. It has more than 3 decades experience of rendering services in the field of Accounting, Auditing, Taxation, Corporate Advisory and Foreign Trade Policy. The Experienced team of P. K. Modi & Co. Provides specialised services of corporate Income Tax, International Tax, High Networth Individuals Succession plans, FEMA, NRI Taxation, GST and foreign Direct Investment advisory to multinational Corporates. The firm is having hands on experience in establishing and providing compliance services for "GIFTCITY" entity under IFSCA. The firm completed many successful assignment of WOS/JV Company in India and outside India.

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Best CA Firms in India, Accounting Firm in India, Chartered Accountant in Ahmedabad, CA in India

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P. K. Modi & Co. is a leading CA firm in India with expertise in the field of Accounting, Auditing and Taxation. The firm is established in 1989, at Ahmedabad. It has more than 3 decades experience of rendering services in the field of Accounting, Auditing, Taxation, Corporate Advisory and Foreign Trade Policy.