Best CA firms in Delhi NCR for articleship

If you are planning to pursue the lucrative course of chartered accountant then you ought to join articleship with a good CA firm. Articleship is a 3 year practical training phase that enables the CA student to gain real and practical experience by working on real assignments for real employers.

It is important that students should enroll in the best CA firm in Delhi, so that they get good practical work experience and understand all the ins and outs of accounting, its principles and applications.

Articleship training period is the golden period in the life of a CA student. During this period the student has to face umpteen numbers of challenges, get infinite opportunities and turn into a true professional. It is the practical exposure to the things one has learned in their course. It is therefore important to have the right mentor who can guide one in the right direction and help you in transpiring into a true professional without disturbing your CA final studies.

Here are the certain points that you should consider while choosing the best CA firm in Delhi for articleship training:

1. Working hours: One of the most important points that should be taken into account while joining a firm for articleship is its working hours. It is important that you choose the firm whose working hours are feasible to you so that you can strike a perfect balance with your CA study and articleship. Yes it is good to have great exposure but end of the day your goal is to be a chartered accountant for which you need time to study. Accordingly choose a CA firm with normal working hours and where you do not waste time in travelling unless there is no such good firm near you. At times during peak season you will be required to work for extra hours but this should not be followed for the entire year.
2. Exposure during article ship: After you have been short listed in the CA firm for articleship, you must discuss the exposure aspect in detail with the HR or the concerned person so that you are aware of what kind of work would be allotted to you during these tenure. There are lot if firms who keep articles and delegate work that certainly do not add any value for them so make sure about the work you get.
3. Leave policy: The policy of leave should be discussed in detail and should be written in writing as most students must be doing graduation along with CA course and thus require leaves in between to prepare for their exams. Also, one has to prepare for CA finals and need at least 3 to 4 months leave. Few professional CA firms in Delhi NCR are good when it comes to allowing leaves but there are few others who are strict when it comes to the leave part. So prior discussion is required so that you get leaves for exam preparations and practice.
4. Never focus on stipend: There is the trend these days when it comes to choosing a CA firm for articleship on the basis of stipend offered. It is advisable to not to be in a hurry to make money. It is suggested to choose the firm that gives you a good exposure and practical training even if it pays minimum stipend as per ICAI norms.
5. Talk to seniors: A person who is already working in the firm will be best to guide you about the work culture and the kind of exposure the firm provides. Enquire about the number of clients the firm is dealing with, services offered, leave policy, nature of tasks allotted for articles etc.

Now start your trading company easily

In India, the vast natural resources and a vast supply of skilled labor are rapidly becoming a global trading dynamo. In India, regulators realize that strong exports are crucial to overall economic growth and poverty reduction by undertaking considerable industrial deregulation and other structural reforms.

 

Ambac Consultants, with offices in Gururgram, India, and office branches in Singapore, Dubai, and the US, are:

A leading financial and legal consultancy company covering virtual CFO services:

• Global tax services for start-ups in these fields.
• Operations in several countries.

Our services include compliance with legal and auditing legislation, advisory services on taxes and ITR reporting, international tax and legal structuring, register a company in India.

The steps to create a stock trader company:

1. The first step is for setting up a company in India under the ministry of corporate affairs, Govt. of India. Then you have to join the stock exchange as a member.

2. If you want to start a brokerage company to trade your own capital. You should share anything called alpha affiliation.

3. If your money wants to be sold without being a brokerage. Open a brokerage account like ours and begin trading. Do not believe that today's enforcement and regulatory difficulties warrant you to join, especially when brokers such as us offer at a cost almost nil.

4. If you want to manage others' money through PMS (Portfolio Management Services), then maintain a proper way. All other capital collection routes are illegal. The above rolling is not easy to achieve as regulatory barriers are rather enormous. To start with, you cannot shorten PMS and must have at least 25lks per client. AIF 2, you can do whatever you want, but you can make a minimum fund of Rs 20 crores per person investing in the fund and a minimum of Rs 1 crore.

Check the status of your tax:

The qualification for traders' tax status is not subject to objective checking. To decide if you have trader tax status, the IRS established the following requirements.

1. Trading of the taxpayer should be considerable, routine, periodic, and ongoing.

2. Instead of profiting from long-term investment ownership, the taxpayer wants to take advantage of the shifts taking place in the everyday market fluctuations.

As you can see, the conditions are very vague. Still, you are eligible without a doubt if you traded for the futures market, for example. You are a full-time trader and have no other significant income. The IRS will check your trader tax status qualifications. 

Follow the deduction costs correctly:

• Your current job has to be part of - the IRS enables educational costs to be deducted that retain or enhance the current work. A dental hygienist may, for example, take training to learn new medical procedures or how to operate more specialized equipment. Or security workers should attend up-to-date information courses on new safety laws or train them in new confrontational techniques.
• Don't concern your current business: your current business or business should include deductible educational expenses. You cannot subtract educational costs that qualify for a new company or trade.

Importance of business advisors

Every business owner needs expert and professional advice to carry out their business activities smoothly and successfully. Today’s business scenario is complex and it is important that the businessman has to have a good foresight and should be capable of doing SWAT analysis, to foresee the probable opportunities and watch out for threats.

Similarly a startup business owner also requires good advice to carry out the business operations smoothly. Startup owner being new to the acumen, it is important that they make every business move with caution and after proper analysis.

Here comes the need of an experienced and professional Startup advisor in India, to help the startup business owners to carry out their business successfully. A skilled business advisor for startups is a strategist who works with the company to help with planning, finances, marketing and even development affairs.

Here is the importance of having a good startup advisor in India for your startup venture:

1. Finance: Startups needs to make arrangement of finance to start their business. A good advisor helps the startup owners to make arrangement of finance by providing them leads about various banking and non banking financial institutions. Experienced advisors have good nexus of investors who will be willing to invest in your startup business. The advisor will refer you business proposal to the investor so that they provide you with required finance for your business.
2. Man power: Your business requires a good human force to carry out the functions smoothly. The startup mentor can help you in recruiting the qualified and professional workforce for your startup business.
3. Loans from banks: The mentor helps your business to get loans from bank and other financial institution. To avail loan a proper business project and proposal has to be provided to the lending institutions. The startup advisor will help prepare an alluring business project showcasing your goals, expected turnover and expansion plans and help your business get bank loans for successful carrying out the venture.
4. Check unwanted expenses: A skilled startup mentor helps to provide a check on the unwanted expenses for your business. The advisor provides the owner the details of such expenses which can be done away with. This will help in smooth functioning of your startup venture.
5. Detecting issues: A good startup advisor helps to detect issues in your venture and investigate ways to resolve them. Issues regarding accounts, tax related matters, work force issues, competitors move and many more affect the smooth functioning of your business. The advisor analyzes the issue and advises the owner about the steps to resolve those.
6. Assess the pros and cons of the strategies: It so happens at times when new strategies are implemented they may or may not have good effects on your business. It is important therefore to assess the pros and cons of the strategies. A skilled business advisor assesses the pros and cons on the business strategies and analyses the impact of those on your business.

Great business advisors provide clear look out into the matter and never leave any suggestions or thoughts vague or unclear.

Company setting process in India for startups

If you are planning to bring your dream startup venture into reality then there is a process for Setting up a company in India; that has to be followed. A lot of millennial in India are obsessed with startups. Many of them have an idea in mind already to begin their startup venture.

If you are passionate about your startup business, ready to toil hard day in and day out and prepared to accept the failure and not giving up when one see things are not working then you can take the next step of planning and following the process of setting up a company in India.

Here are some of the key steps that one needs to follow to kick- start your startup venture: 

1. Check the feasibility of your idea: It is important to check the feasibility of your idea before it is put into practice. For that you need to make market surveys, take expert advice and rely on the previous market research on similar idea.  Also, you and your team need to chalk out how much revenue is being expected in the beginning. 
2. Have a business plan ready: Before you begin the operations of your startup venture you should have your business plan ready. It should contain things like description of the company, strategy, marketing plan, operational plan, financial plan; description of marketing and key aspects that help in carrying out the business operations smoothly. Having a business plan will enable you to look at the whole business process in a holistic manner and also will help to present the business idea in front of lenders or other finance institutions.
3. Choose right business structure: Based on how the startup owner wants their business to scale, they should choose the right business structure. It can be proprietorship, partnership or a private limited company. To get things right on the track you can avail help from consultants of professional chartered accountants.
4. Arrange finance: Any business to start off and run successfully requires funds. The startup owner has to explore multiple options to make the arrangement of funds. The most important fund raising options that many startup owners try are bank loans, angel investors and venture capital.
5. Get company registration: Next step is to get the company registered as per the business structures. This can be done with the help of a chartered accountant in India for they will guide you with the required steps and processes that have to be adhered to. 
6. Register in startup India program: You can register your startup on the startup India website and get benefitted from various programs run by the Indian government. Being a part of this program will help you in securing funds easily and also will help you in getting tax benefits for your venture. 
7. Intellectual properties: Ensure you are protecting your intellectual properties that include unique name, logo and other creative assets; that are part of your startup venture by getting required intellectual property rights.
8. Build great online presence: In this era of internet, the startup owner cannot miss out building a robust digital presence. Brands are built and nurtured in digital platforms and with an impressive website; that epitomizes your brand you rope in mammoth target audience towards your start up venture. Also, it is important for you to tap and make use of social media, email, search engines, written content etc for great online presence.

How to find best CA firms around you

 One of the key factors of any successful business venture is the well managed and maintained books of accounts. Accounting not only helps in getting an idea of incomes and expenses but also it enables the organization to get a true and fair picture of the financial status of their business.

Professional and the best CA firms in Delhi, help the business organizations to maintain the accurate books of accounts and provide various other services that help the business owners to make an accurate and productive business decisions.

Good CA firms provide expert guidance and help the business to understand their market conditions in the best way and make it easier for them to come up with the ways to improve their profits.

When choosing the best CA firms in Delhi, certain things have to be considered like the experience of the firm, the number of years the firm is rendering service and the charges of the firm for different services. Leading CA firms make use of the best talent and the deep insights of their knowledge to help their customers in catapulting their profit margins.

Here are certain benefits of choosing a good CA agency near you for your business:
 

1. CA experts help you in preparing the apt blueprint for your company’s accounts that helps you to carry out your business plans in an effective manner. Chartered accountants can also assist in managing all the kinds of financial matters of your business and guide you in your vital business and finance decisions.
2. The success of the business is based on many things including making financial predictions as well as estimating the results of financial actions. However, most of the business organizations are not well versed enough to carry out the financial prediction in an accurate manner. Also, most of them might face difficulties in coming up with the business strategies that can help in tapping the current business opportunities. However, a good CAs are proficient enough to understand the market conditions in the best way and guide the business owner to come up with the ways to improve profits.
3. Professional CA firms help the business entities to handle the tax returns of the company. Tax requires umpteen numbers of documents to manage which many business owners find it difficult to handle. However, an experienced CA can manage and file tax returns for the business owner and also resolve their taxes so that your business is compliant with such laws. Also, the CAs guide and inform you about any matters pertaining to the tax and its laws that is related to your business affairs.     
4. Finance management: Finance is the lifeline of any business venture. It is therefore important to not only have an accurate prediction of finance but also one should be able to manage it for the smooth and seamless running of the business. Good CA agency helps the business to have a robust finance management by maintaining accurate and fair books of accounts and cash details.

Any business owner would want their firm to operate in the best possible manner and make the most of the earning opportunities. Also, they would want to make use optimum use of their available resources in prudent manner so as to achieve desired results. In order to achieve these objectives, it is imperative to have support and guidance of a good CA firm who has already rendered services for numerous clients.

How to set up your company during Covid-19?

Setting up a company requires adherence of many legal formalities, company laws and government norms. It is imperative for the owner to completely follow all the obligations and norms while setting up a Company in India.

One is bound to face extra difficulties in the unprecedented situation of Covid-19. The pandemic has thrown everything out of gear. Many rules and norms have undergone change to ease the lives of people and make them sail easily in the rough waters of the pandemic.

As the Covid-19 virus situation calls for social distancing and stay at home, most of the things have gone online. Even the government has eased the situation by enabling filing of documents and uploading of forms online to curb the chain of the pandemic.

Here are few steps that have to be taken while setting up a Company in India during Covid times:
 

1. Checking the Company name availability: Before registering for the company, it is imperative to check whether the proposed name is available or not. This can be easily done online by checking the availability of the desired company names on the MCA 21 website easily without venturing out. Once approved, the selected company name appears on the website.
2. Acquiring a director identification number (DIN): DIN is a special identification number; that is provided to the potential directors of the company; that is incorporated. A provisional DIN can be obtained by filling DIN 1 application form online. Government will issue a permanent DIN after verifying all the documents and further approval of the request.
    
3. Acquiring digital signature: A digital signature is issued electronic key that certifies and identifies the holder of the certificate. Any approved agency registered with the Ministry can issue this certificate. The Company directors must submit an application form, identity proof and permanent address proof when applying for digital signature certificate. All the formalities can be done online.
    
4. Obtaining an incorporation certificate: Incorporate certificate is provided by the Ministry of Corporate Affairs and is used as proof for the constitution of the company. All the forms – e-form 32, e-form 1 and e-form 18 should be digitally filed by uploading them in the official Ministry of Company Affairs website. Along with the Form 1, registrar of companies must be provided with one copy each of Memorandum and Articles of Association, the director’s consent and a stamped copy establishing the power of attorney. The incorporation certificate again will be digitally and automatically sent to the e-mail ID of the applicant.
    
5. Creating a company seal for official documentation: A company seal is required to be fixed on papers for sharing official documents and certificates. The cost of acquiring the official seal is dependent on the number of words that need to be engraved on it, the number of seals issued and the time period for delivery of seals.
    
6. Stamping of all documents: The application to have incorporation documents of company should have unsigned copies of MOA and AOA attached along with the payment of receipt for same. Stamp duty will be paid online for such documents to the Registrar. The superintendent will return the copies; one is stamped, signed and embossed in official capacity.
    
7. Acquiring PAN and TAN: Next step is to obtain PAN and TAN online by filling the required forms and uploading the details. PAN application though done online, physical verification of the documents is required for final verification.
    
8. Obtaining certificate from State/municipal inspector under shops and establishment act: A statement including name of employer or manager, company’s name and permanent postal address and business category must be provided to state shop and establishment inspector.  This has to be done within 30 days of opening of company.
    
9. Applying GST: It is mandatory if your company is seeking to supply goods and services across states while maintaining annual aggregate turnover of more than 40 to 20 lacs.
    
10. Obtaining profession tax certificate from state profession tax office: A company should file Form 1 to the state profession tax office to apply for the profession tax certificate for every employer is liable to tax and thus should obtain certificate of registration from relevant authority.
     
11. Completing National EPF registration: Information of the worker is to be provided to local EPF organization by employer in a prescribed manner to get ECN code if the EPF and miscellaneous provisions act 1952 is applicable on company. Signed and embossed in official capacity.

What benefits do CA firm offer to individuals and business entities?

Individuals and business entities have to fulfill certain obligations towards the government and other local bodies in the form of furnishing tax in time and filing of important documents. Certain obligations and formalities are beyond the understanding of the common man; it is therefore advisable to take the help of the professional individual or firm to help out to meet the obligations with ease and in tension free manner.

Hiring the best CA firms in Delhi will help the individuals and business entities in transpiring smoothly the complex taxations laws. The CA experts of the leading firm are experienced and well versed in handling all the financial matters perfectly and in professional manner; such that it will save your time and money.

Here are some of the vital benefits of hiring good chartered accountants to handle your financial, legal and taxation matters of your business:

1. Accountants can save time: Time is not only money for both business entities and individuals. Managing and handling of accounting tasks not only requires input of good deal of time but also in depth understanding of all the concepts of accounts. Accounting tasks include simple responsibilities, book keeping, recording of receipts, setting financial goals, filing tax returns etc. These kinds of tasks are important for part and parcel of every business entity but also consume time. Hiring best CA firms in Delhi, allows the individual and the business owner to delegate these time consuming tasks to the professional accountant and focus on the important work of growing the business and taking account of other vital business related obligations.
2. Help in managing complex accounting and taxation tasks: It requires professional knowledge to understand the principles of accounting and various sections of tax. Owners of most of business entities do not have expansive knowledge of accounting procedures and practices. Any mistakes in accounting and tax related matters can cost the business can cost a huge deal in business and might even be the end of your business. Thus; it is imperative to take help and guidance of an experienced accounting firm to handle accounts and taxation aspects; so that you can be rest assured of flawless and in time work.
3. Helps to keep cost down: The mantra for the success of any business is to effectively manage its costs and work to keep it down. Good accountants keep themselves clued up on financial well being of the business and provide expert advice to the business owner about keeping the costs low. Also a good accountant will be vigilantly watching the expenses ensuring that you are not over paying for any expense.
4. They are tax experts: Tax returns might seem straight forward, but they are not. One has to fill certain details while filing the tax returns with the income tax department; which might be beyond the understanding of the layman. Good accounting firms will help in timely filing of tax returns, help you to slash you tax bill and help you in matters related to tax rebates.
5. Business advice:  Good accounting firm offers wealth of advice to the business entities and individuals; that will help in effective management of finance. Being finance experts themselves, accountants can look at the numbers and offer advice to help the business succeed for long term.