Our Services
Tailored Solutions for Your Success, Elevate Your Experience with Our Exceptional and Comprehensive Serivces Today.
Audit & Assurance
a) Statutory Audit under Companies Act, 2013, SEBI LODR, Income Tax Act, 1961, Goods and Service Tax, 2017: This is a mandatory audit required by law for certain companies. It ensures that the company’s financial statements are a fair and accurate representation of its financial position.
b) Stock Audit: This type of audit verifies the physical existence, condition, and value of a company’s inventory.
c) Forensic Audit: This is a specialized audit that investigates potential financial crimes or irregularities.
d) Compliance Audit: This audit assesses whether a company is adhering to specific laws, regulations, or internal controls.
e) Management Audit: This audit evaluates the effectiveness of a company’s management practices and internal controls.
f) Process Audit: This audit examines how a specific process is being carried out within a company and identifies areas for improvement.
g) Special Audit: This is a customized audit that is designed to meet the specific needs of a company. It can focus on a particular area of the business, such as IT systems or human resources.
Accounting & book-keeping Services
This firm transcends basic bookkeeping by offering a sophisticated suite of accounting services designed specifically for your organization. Our expertise extends far beyond simple data entry.
Here’s what sets them apart:
a) Customized Systems: We design and implement accrual or cash accounting systems tailored to your entity type (corporation, non-profit, or government agency). This ensures your financial reporting accurately reflects your business activities.
b) Detailed Documentation: We craft comprehensive accounting manuals with robust internal control protocols. These manuals provide clear guidelines for your team and safeguard the integrity of your financial data.
c) Expert Guidance: We offer specialized advice on navigating complex transactions with legal ramifications. This ensures your financial decisions comply with relevant regulations.
d) Knowledge Empowerment: Our firm goes the extra mile by providing training programs that equip your staff with the skills necessary to effectively utilize the new accounting systems. This fosters a culture of financial literacy within your organization.
Direct Taxation
a) Tax Planning– Proactive tax risk assessment by identifying potential tax issues and develop strategies to minimize your tax burden. Corporate tax planning by structuring the business to take advantage of tax deductions and credits. Tax contract review for ensuring your contracts comply with regulations and minimize your tax burden.
b) Compliance Services: Our Firm can also handle the complete corporate tax return process, including. Preparing and filing your tax returns accurately while following all regulations. Streamlining your tax filing by electronically submitting your TDS returns. Representing you during a tax audit to ensure a smooth resolution.
c) Dispute Resolution: Our Firm goes beyond just tax services and offers comprehensive dispute resolution assistance as well. Our team can help you navigate disagreements through various methods like negotiation, mediation, or even represent you in court.
d) Appellate Representation: Our team fights for you in appeals courts. These courts review decisions from lower courts, and we argue to reverse or modify them if necessary. We provide legal support throughout the appeals process
e) Support for HC & SC: Our firm offers specialized support for complex legal issues, including representation in High Court and Supreme Court cases. Their team’s deep legal knowledge is a valuable asset in these high-stakes situations.
Indirect Taxation
a) Planning & Advisory : Our Firm provides a one-stop shop for navigating the complexities of GST (Goods and Services Tax). We’ll assess the impact of GST on your business, including tax changes, pricing strategies, and supply chain adjustments. We guide for entire GST implementation process, from registration to return filing. Additionally, our pre-transaction advisory services help you understand the GST implications of mergers, acquisitions, or asset sales, allowing you to make informed decisions and avoid unexpected tax burdens. Finally, we can optimize your supply chain for GST efficiency, minimizing its impact and maximizing cost savings.
b) Compliance
Our team ensures your business stays compliant with GST regulations. We handle everything from filing accurate and timely returns to representing you during audits and assessments.
c) Appellate Representation:
Our team fights for you in appeals courts. These courts review decisions from lower courts, and weargue to reverse or modify them if necessary. We provide legal support throughout the appeals process.
d) Dispute Resolution Representation: We help you navigate disagreements through various methods. This includes negotiation (working directly with the other party), mediation (using a neutral third party to facilitate communication), and arbitration (having a neutral third party make a binding decision).
e) Advance Ruling: Don’t be caught off guard by legal uncertainties. We can help you obtain an advance ruling from a court or tribunal on a specific legal issue. This provides clarity and allows you to plan your affairs with confidence.
Compliance with Companies Act,2013
a) Compliance Advice: We provide guidance on key regulations applicable to listed companies, including the Companies Act, SEBI rules, SCRA, Insolvency Laws, LLP Act, Trust Acts, and GST. We can help you assess the impact of these regulations on your business.
b) Company Act Advisory: We offer specific advice on navigating the Companies Act, which governs the formation, operation, and winding up of companies in India.
c) Dispute Resolution & Representation: We can help you resolve disputes through various methods like seeking clarification, negotiation, or mediation. We can also represent you before legal authorities under SEBI and Companies Act, and handle appeals.
Transactional Advisory
Our firm provides comprehensive transactional advisory services to guide your business through complex deals and strategic decisions. We act as your trusted advisor throughout the entire transaction lifecycle, ensuring informed decision-making and maximizing value.
Here’s what sets us apart:
a) Pre-Transaction Support: We begin by meticulously assessing your financial health and objectives. This allows us to identify potential opportunities and develop a tailored strategy for success.
b) Due Diligence: Our team conducts thorough due diligence, uncovering critical information and mitigating potential risks associated with the transaction.
c) Negotiation & Structuring: We leverage our experience to negotiate favorable terms and structure the deal to align with your long-term goals.
d) Transaction Management: We navigate the complexities of the transaction process, ensuring all steps are completed efficiently and effectively.
e) Post-Transaction Integration: Our support extends beyond closing the deal. We can assist with post-transaction integration, ensuring a smooth transition and value creation.
Business Advisory & Management
a) Business Structuring: We help businesses choose the optimal legal form (sole proprietor, LLP, Pvt. Ltd., Public Ltd., etc.) based on factors like size, ownership, and liability.
b) Business Valuation: We estimate a business’s fair market value using various methods like income approach (future profits) for M&A, divestitures, or estate planning.
c) Start-up Structuring: We guide startups in choosing a legal structure, developing a business plan, and navigating tasks like fundraising, marketing, and compliance.
d) Merger & Acquisition: We advise clients on M&A transactions, including planning, due diligence (investigating target company), and closing the deal.
e) Stock Analysis: We analyze stocks to identify investment opportunities by considering factors like financial statements, competition, and market conditions.
f) Government Benefits & Subsidies: We help businesses identify and access various government benefits and subsidies available to them.
g) Organization Structuring: We help businesses design an efficient and effective organizational structure by defining roles, creating departments, and establishing communication plans.
h) Budgeting & Planning: We help businesses develop financial plans and budgets to track progress, make informed decisions, and achieve their financial goals
Management Advisory
Our firm provides a comprehensive suite of management advisory services designed to propel your business to new heights. We go beyond basic consulting, partnering with you to identify areas for improvement and implement strategies that drive tangible results.
Here’s what sets us apart:
a) Strategic Planning: We collaborate with you to develop clear and actionable strategic plans that align with your long-term vision. This ensures your entire organization is working towards the same goals.
b) Operational Optimization: Our team analyzes your processes and workflows, pinpointing areas for improvement. We then work with you to streamline operations and maximize efficiency.
c) Performance Management: We help you establish key performance indicators (KPIs) and implement performance management systems to track progress and measure success. This allows you to make data-driven decisions and course-correct as needed.
d) Organizational Restructuring: When necessary, we can guide you through organizational restructuring initiatives. This ensures your structure aligns with your strategic goals and fosters a culture of collaboration.
e) Change Management: Implementing change can be challenging. Our experts can help you effectively manage changes within your organization, minimizing disruption and ensuring employee buy-in.
Financial Advisory Service
a) Investment Advisory: We tailors an investment plan for you, choosing suitable investments and monitoring your portfolio performance to maximize returns while considering your risk tolerance.
b) Project Reports Preparation: We create detailed reports assessing project feasibility, covering background, goals, methods, timelines, budgets, potential risks, and benefits to guide your decision-making.
c) Structuring Financial Proposals: We helps you craft compelling financial proposals for business deals or projects, outlining costs, funding sources, and expected financial returns to secure investment.
d) Foreign Projects: Get expert guidance for international projects, including legal & regulatory compliance, tax issues, and navigating foreign business environments for both inbound and outbound ventures.
e) Forex Compliance: We ensures your foreign exchange transactions comply with government regulations by advising on relevant rules and completing necessary documentation.
f) M&A Assistance: We navigate mergers and acquisitions for you, developing a strategy, conducting thorough due diligence, negotiating terms, and guiding you through the legal and financial aspects of closing the deal.
g) Debt Syndication: We helps you secure financing through debt syndication. They find lenders, negotiate terms for both long-term and short-term loans, and finalize the deal with the lender consortium.
h) Portfolio Management: We actively manages your investment portfolio (stocks, bonds, etc.) to optimize returns within your risk tolerance. They continuously monitor and adjust your portfolio to keep you on track towards your financial goals.
i) Capital Restructuring: We analyze your financial situation and recommend strategies like debt refinancing or asset allocation to improve your overall financial health by reorganizing your assets and debts.
j) Wealth Management: Our comprehensive service creates a personalized plan to manage your entire financial picture, including investments, taxes, estate planning, and retirement. We consider your long-term goals and risk tolerance to develop a wealth-building strategy beyond just investments.
ACCOUNTS & MIS
a) Accounts Supervision: We acts as an oversight body for your accounting practices, ensuring accuracy, adherence to best practices, and strong internal controls.
b) Finalization of Accounts: We meticulously prepare your final accounts (balance sheet and income statement) providing a clear picture of your financial performance for a specific period.
c) Management Information System (MIS): We design and implement a customized MIS based on your organization’s size and needs. This system analyzes data, generates reports, and provides insights for informed decision-making.
d) Routine Accounting: Depending on your organization’s complexity, We can handle all your regular accounting tasks like recording transactions, maintaining ledgers, and reconciling accounts.
e) Cost Reduction Techniques: We analyze your financial data to identify areas to reduce expenses and improve profitability.
f) Compliance Checks: We perform comprehensive reviews to ensure your accounting practices comply with relevant regulations and tax laws.
g) Accountant Training & Support: We offer suggestions for optimizing daily accounting tasks and training to enhance your existing accountant’s skillset.
h) Routine Accounting Compliance: We handle your regular accounting compliance tasks, such as filing GST returns or other relevant reports, ensuring you meet tax obligations.
i) Documentation Assistance: We can assist with various documentation tasks related to your accounting, such as preparing financial statements for loan applications or audits.
j) Financial Health Check-up: We conduct a comprehensive assessment of your company’s financial health, providing insights into solvency, liquidity, and overall financial well-being to help you make informed strategic decisions.
Documentation and Legal service
a) Contract Drafting: We create clear and customized legal agreements for your needs, from non-disclosure agreements to employment contracts or lease agreements.
b) Legal Document Review: Before you sign any legal document, We thoroughly review it to identify potential issues and ensure it protects your interests.
c) RERA Registration (India): We guide you through the RERA registration process for real estate development or transactions in India, ensuring compliance with regulations.
d) Trademark Registration: We help you secure legal protection for your brand by conducting trademark searches and assisting with the application and registration process.
e) Intellectual Property (IP) Registration: We guide you through the process of assessing and registering your intellectual property, whether it’s copyright for creative work or a patent for an invention.
Virtual CFO service
Our firm provides expert Virtual CFO services, acting as your strategic financial partner without the overhead of a full-time executive. We offer a cost-effective solution for businesses of all sizes, helping you make informed decisions, optimize financial performance, and achieve your growth objectives.
Here’s what sets us apart:
a) Financial Expertise: Our team of seasoned CFOs possesses extensive knowledge and experience in financial planning, analysis, and strategy. We translate complex financial matters into actionable insights tailored to your business.
b) Strategic Guidance: We work closely with you to establish financial goals, develop customized strategies, and monitor progress. This ensures your financial decisions align with your overall business objectives.
c) Enhanced Oversight: We provide ongoing financial oversight, including budgeting, forecasting, and cash flow management. This empowers you to make informed decisions and proactively address any potential challenges.
d) Improved Efficiency: By outsourcing your financial leadership, you free up your internal resources to focus on core business activities.
e) Cost-Effectiveness: Our virtual CFO services offer a scalable and cost-efficient solution compared to hiring a full-time CFO.
Estate planning
Safeguard Your Legacy: Comprehensive Estate Planning Services
Our firm understands the importance of protecting your loved ones and your legacy. We offer comprehensive estate planning services designed to ensure your wishes are carried out smoothly and efficiently.
Here’s what sets us apart:
a) Personalized Plans: We take the time to understand your unique family dynamics, assets, and goals. Based on this in-depth analysis, we create a customized estate plan that reflects your specific needs and desires.
b) Asset Protection: We help you develop strategies to minimize taxes and protect your assets from potential creditors or probate challenges. This ensures your wealth is distributed according to your wishes.
c) Beneficiary Designation: We guide you through the process of designating beneficiaries for your assets, including retirement accounts and life insurance policies. This helps to streamline the distribution process.
d) Guardianship & Trusteeship: If you have minor children or dependents, we can assist you in appointing guardians and trustees to manage their care and inheritance.
e) Durable Power of Attorney: We help you establish a durable power of attorney, ensuring someone you trust can make financial and healthcare decisions on your behalf if you become incapacitated.
f) Will & Trust Creation: Our experienced legal professionals will draft a legally sound will and, if necessary, a trust to ensure your assets are distributed according to your wishes and minimize probate complexities.
Foreign exchange consultancy
Navigate the Global Marketplace with Confidence: Expert Foreign Exchange Consultancy
Our firm provides comprehensive foreign exchange consultancy services, empowering your business to navigate the complexities of international transactions. We act as your trusted advisor, helping you optimize currency exchange strategies and mitigate foreign exchange (FX) risks.
Here’s what sets us apart:
a) Market Expertise: Our team of experienced FX specialists possesses a deep understanding of global currency markets and fluctuations.
b) Tailored Solutions: We don’t offer a one-size-fits-all approach. We take the time to understand your specific needs and risk tolerance, then develop customized FX strategies to maximize your profitability in international transactions.
c) Risk Management: Foreign exchange volatility can pose a significant risk. We help you identify and mitigate FX risks through hedging strategies and other risk management tools, safeguarding your bottom line.
d) Competitive Rates: We leverage our strong relationships with leading financial institutions to secure competitive exchange rates for your transactions, minimizing your FX costs.
e) Real-Time Market Analysis: Our clients gain access to real-time market analysis and expert insights, allowing you to make informed decisions based on the latest market conditions.
f) Streamlined Transactions: We handle the complexities of foreign exchange transactions on your behalf, ensuring accuracy, efficiency, and compliance with all relevant regulations.
NRI Related Services
Our firm specializes in providing Non-Resident Indian (NRI) clients with a comprehensive suite of services designed to simplify your financial life in India. We understand the unique challenges faced by NRIs, and our team of experts is here to guide you through every step of the way.
Here’s what sets us apart:
a) Investment Planning & Advisory: We craft personalized investment strategies aligned with your risk tolerance and long-term financial goals in India. Whether you’re looking for real estate investment, tax-saving options, or portfolio management, we can help you make informed decisions.
b) Tax Compliance & Guidance: We navigate the complexities of Indian tax laws for NRIs, ensuring you remain compliant and minimize your tax burdens.
c) Banking & Account Management: We assist you in opening and managing NRI bank accounts, making it easy to receive and manage your finances in India.
d) Property Management & Investment: Looking to invest in Indian real estate? We provide comprehensive services from property identification and due diligence to post-purchase management, ensuring a smooth and successful investment.
e) Remittance & Repatriation: We facilitate secure and efficient transfer of funds between your overseas and Indian accounts, adhering to all relevant regulations.
f) Legal & Regulatory Support: Our team can assist you with navigating legal and regulatory matters related to your NRI status, including FEMA regulations.
Global Services
In today’s dynamic business environment, maximizing efficiency and optimizing resources are essential for sustainable growth. At B. K. Patel and Co., we offer a comprehensive suite of outsourcing solutions designed to empower businesses in the USA, Canada, and Australia to unlock significant cost savings and achieve operational excellence by leveraging the highly skilled and qualified workforce in India.
Why Choose India for Outsourcing?
a) Cost Efficiency: India offers a competitive talent pool with expertise across various industries, allowing you to access skilled professionals at significantly lower rates compared to North America or Europe.
b) Large Talent Pool: Benefit from access to a vast pool of highly educated and qualified professionals, ensuring you can find the perfect team to meet your specific outsourcing needs.
c) Strong English Language Skills: Effective communication is key to successful outsourcing. India boasts a large workforce with strong English language proficiency, facilitating smooth collaboration and project execution.
d) Proven Track Record: India has become a global hub for outsourcing with a proven track record of delivering high-quality work across various industries.
e) 24/7 Availability: With a 12.5-hour time zone difference between India and the USA/Canada (14.5 hours for Australia), you gain access to extended business hours, allowing for faster turnaround times.
Our Specialized Outsourcing Services:
We recognize that every business has unique requirements. We offer a diverse range of outsourcing services tailored to match your specific needs and help you achieve your business goals:
a) Accounting & Finance: Our experienced team of accountants and financial professionals can handle tasks like bookkeeping, accounts payable/receivable, financial reporting, tax preparation, and payroll processing, freeing up your internal resources for strategic initiatives.
b) Customer Service & Support: Deliver world-class customer service with our highly trained and dedicated customer support representatives. We ensure continuous support for your customers, regardless of their location.
c) Human Resources (HR): Streamline your HR processes with our outsourcing solutions, including talent acquisition, recruitment, onboarding, employee benefits administration, and payroll management.
d) Administrative Support: Optimize your administrative operations by outsourcing repetitive tasks like data entry, document management, scheduling, and travel arrangements, allowing your team to focus on higher-value activities.
The B. K. Patel & Co. advantage:
a) Dedicated Account Management: We assign you a dedicated account manager who will act as your single point of contact, ensuring seamless communication and efficient project execution.
b) Quality Assurance: We adhere to stringent quality control processes and employ multi-level reviews to guarantee the accuracy and excellence of our work.
c) Scalability: Our flexible outsourcing solutions allow you to easily scale your team up or down as your business needs evolve, ensuring a perfect fit for your current and future requirements.
d) Security & Compliance: We prioritize data security with robust security protocols, including firewalls, data encryption, and adherence to international data privacy regulations.
e) Cost Transparency: We offer transparent pricing models with clear cost breakdowns, allowing you to budget effectively and maximize your return on investment.
