Details

HMTS & Associates offers a comprehensive range of accounting and bookkeeping services designed to support businesses in maintaining accurate and compliant financial records. The services are structured to assist entities in meeting statutory and managerial requirements efficiently.

1. Monthly Accounting

• Recording of business transactions in accordance with applicable accounting standards.

• Preparation of periodic financial reports including Profit & Loss Account, Balance Sheet, and Cash Flow Statement.

• Maintenance of general ledgers, subsidiary ledgers, and reconciliation of bank and cash balances.

• Recording and reporting of accounts receivable and accounts payable.

2. Annual Accounts Preparation

• Preparation of final accounts at year-end for statutory and internal purposes.

• Support in audit processes through preparation of working papers and reconciliations.

• Ensuring compliance with relevant financial reporting frameworks.

• Preparation of schedules and annexures required for annual reporting.

3. Monthly TDS Compliance

• Calculation and deduction of Tax Deducted at Source (TDS) under various provisions of the Income Tax Act.

• Filing of TDS returns (such as Form 24Q, 26Q) within prescribed timelines.

• Generation and issuance of TDS certificates (Form 16/16A).

• Assistance in TDS reconciliations and responding to notices, if any.

4. Company Secretarial Services

• Maintenance of statutory registers and records as required under the Companies Act, 2013.

• Preparation and filing of forms and returns with the Registrar of Companies (ROC).

• Drafting of minutes, resolutions, and notices for Board and General Meetings.

• Assistance in compliance with event-based and annual filing requirements.

5. Compilation Services

• Periodic review and scrutiny of accounting ledgers to ensure accuracy and completeness.

• Preparation of compiled financial statements based on client-provided data, without expressing assurance.

• Identification and communication of accounting irregularities or mismatches.

• Assistance in management reporting and internal documentation.

6. Virtual CFO Services

• Financial planning and analysis support for decision-making.

• Budgeting, forecasting, and monitoring of key financial metrics.

• Review of internal financial controls and reporting processes.

• Advisory support on matters relating to financial governance and compliance.