CA Services for Startups in India

CA Services for Startups

Startups require handholding from incorporation to guidance on all aspects like benefits available under the Indian tax system and regulations, corporate law compliances, employee stock options, and other related aspects important for any Startup.

Startups in India further require assistance on aspects of accounting, auditing, tax compliance and regular advisory on various aspects like fund raising, pitch deck preparations, valuations and deal advisory.

All these are important consideration for any Founder to effectively steer the Startup in the right direction.

Co-founders and Investor agreements are another important consideration which lays the foundational stone for the growth and stability of company in long run.

Anbac Advisory helps in end-to-end support from Financial and legal perspective offering a range of solutions and being a one stop solution for Startups in these areas.

It is extremely important to bring about the right image and financial health of the company through proper accounting principles to be applied, which are very specific to Startups, and varies from industry to industry.

It has been observed by us, that many Startups are unable to secure the trust of investors owing to poor structure, weak legal structuring, and other missing aspects which portrays an unprofessional, and indecisive management at Startup.

Expert CA Services Driving Startup Success Across India

Chartered Accountants (CAs) play a crucial role in helping startups in India navigate the financial, legal, and compliance aspects of their business. Following is the list of CA services that we can provide to startups in India:

1. Business Incorporation
   • Company Registration: Assistance in registering as a Private Limited Company, Limited Liability Partnership (LLP), or other forms.
   • MSME Registration: Helping startups register under the Ministry of Micro, Small & Medium Enterprises.
   • GST Registration: Getting the business registered for Goods and Services Tax (GST) as per legal requirements.

2. Accounting and Bookkeeping
   • Accounting Setup: Establishing accounting systems and software tailored to the startup’s needs.
   • Daily Bookkeeping: Managing financial records, receipts, and transactions.
   • Compliance with Accounting Standards: Ensuring compliance with Indian Accounting Standards (Ind AS).

3. Taxation Services
   • Income Tax Compliance: Filing income tax returns and ensuring tax planning for optimization.
   • GST Compliance: Filing GST returns and reconciling GST credits.
   • TDS Compliance: Handling Tax Deducted at Source (TDS) payments and filings.
   • Tax Planning: Advising on tax-saving investments and deductions.

4. Financial Planning and Budgeting
   • Financial Forecasting: Preparing cash flow statements, profit and loss statements, and balance sheets.
   • Budget Planning: Creating budgets to optimize operational expenses.

5. Audit and Assurance
   • Statutory Audit: Conducting audits as mandated by law.
   • Internal Audit: Providing insights on improving operational and financial efficiency.
   • Tax Audit: Ensuring compliance with tax laws for startups exceeding specific turnover thresholds.

6. Legal and Regulatory Compliance
   • ROC Compliance: Handling filings with the Registrar of Companies (ROC).
   • FEMA Compliance: Advising on Foreign Exchange Management Act (FEMA) regulations for startups receiving foreign investments.
   • Intellectual Property (IP): Guiding startups in trademark, copyright, and patent registrations.

7. Fundraising and Valuation
   • Pitch Decks and Financial Projections: Helping in the preparation of investor pitch decks with financial projections.
   • Business Valuation: Conducting startup valuations for investors or acquisition deals.
   • Due Diligence: Assisting in due diligence for venture capital or private equity funding.

8. Advisory Services
   • Startup India Certification: Assisting startups to register under the Startup India initiative for tax and funding benefits.
   • Business Structuring: Advising on the right business structure for tax efficiency and scalability.
   • Exit Strategies: Planning for mergers, acquisitions, or dissolution.

9. Payroll Management
   • Employee Tax Compliance: Managing TDS, EPF, and ESI for employees.
   • Salary Structuring: Advising on tax-efficient employee compensation packages.

10. Mentoring and Networking
    • Investor and Incubator Connections: Helping startups connect with angel investors, venture capitalists, or incubators.
    • Operational Advice: Providing insights on cost control, pricing, and market entry strategies.

Hiring a competent CA is crucial for startups to maintain smooth operations, comply with legal obligations, and scale effectively.

Tie-ups for Government schemes & grants

Anbac Advisors is the leading firm in India which advises on Government Grants and various available schemes in the area of skill development, startup India, Incubation set-ups, Rural development grants, and much more. Our team works extra mile for the clients, we identify their needs and search for the schemes and grants accordingly.

Organisations are less aware about government schemes and support available, for which our Team identifies relevant schemes and avail grants for SMEs and startups eligible for the same.

In fact, under Atal Incubation Scheme, 5000+ applications were received & 4 out of 18 shortlisted incubators were advised by Anbac Advisors.

Being one of the premier fundraising platforms for startups, We have raised funds for 70+ projects for Funding/non Funding tie-ups with NSDC in past 4 years.