Body corporate can be form in the manner of Private Ltd, Public Ltd, One Person company and forming Limited Liability Partnership and  there are various laws like Company Act, Income Tax  Act, RBI and FEMA for international transactions, Goods and service tax, Labour Laws and numbers of provisions and amendment notified by the government on day to days basis. Since it is difficult for CFO, Head of Finance or Finance Managers to keep remember and there is possibility that any of such important provisions can be missed and there can be huge impact on the business of such missed amendment which can impact on the business in term of financial penalty or sometime can create personal liability of Directors, CEO, Managing Partners or any persons who is managing the business.

Yobapart is there is help such clients through Corporate Advisory Services where we advise our clients through impact analysis of such any amendment in the law on our client business and we save them from any irregularities.

Anybody corporate or enterprise can be survived or able to run the business only if such corporate follow the laws of land of such country where company established. Corporate who complete their compliance within time with good spirit only get the goodwill or brand value in the eye of investors and such company having value in the eye of stakeholders.

As in India now days there is global exposure in all aspects for examples either importing the goods or services or exporting the goods or services hence such transactions are always evaluated in serious manner from the point of view of legality and hence there is numbers of compliance applicable through FEMA, RBI, Customs, Foreign Trade etc. Apart from this government of India has imposed many compliances on the company to make sure government collect the tax correctly either through Direct Tax or Indirect Tax.

As it is always difficult for individual to get expertise in all such applicable laws hence there is always chance that anybody can miss such compliance and company may have to suffer with financial penalty or sometime Criminal or civil actions also against the company or Directors or Partners etc.

Considering the above risk and helping to our clients we are supporting our client to perform the applicable compliance under various laws in terms taking permission, getting registrations, filling regular returns or event based return which make sure to corporate that business is running by following all the applicable laws of the country.

Taxation is always a important factor for any business which always be consider since the time of business inception and it is always necessary that tax amount calculated in correct manner and collected and deposited in timely manner else business may have direct impact and may have face the number of consequences from the government for any failure of the same.

Direct Tax is any tax which need to pay to the government from the earned profit from the business and there is a time when such tax is deposited as per given deadline by the government and hence correct calculation of profit is an important step which is always worried for Directors, CEO, Managing Partners hence they need expert advice for the same.

Indirect Tax is kind of tax which is paid through either on sale of goods or through purchase of goods and government collect such indirect tax through either Goods and Service Tax, Customs Act or through Local Body tax as per prescribed manner. GST Act imposed various rules and provision for collection on such tax amount and there is always possible that lack of expert knowledge of law or failure to get update of amendments, business may lose the tax benefits.     

       Yobapart have team of experts with wide experience of handling taxation matters, who are available to support our clients in terms of applicability of laws, changed in laws, amendments in the laws and advise to clients through impact analysis exercise on regular basis which help to client and their finance team to get update themself of such change and applied accordingly to their enterprise.

There is always a risk in any business in terms of today competitive world and no business is untough of such risk and such business cannot be risk free however for smoothly running of business operations, there is necessity to identify such risk and appropriate action need to take for mitigate such identified risk.
Management of anybody corporate would like to assure their business out of any risk identified in terms of errors of fraud which can be caused due to any process, people, procedure in the business. Body corporate also would like to assure through segregation of duties, mapping 3 lines of defense and delegation of financial responsibilities to mitigate such risk.

               Yobapart is there to support and work hand in hand as part of internal team where we support in mapping the responsibilities, improve internal control, framing the company policies in such a way so confidence can be shown by top management on the process of the organization. Our team of experience professional who having experience of working big automotive organization, SAP, Oracle accounting tools are there to support to analyze the internal control of your organization and advise accordingly.

In today’s World where there is no geographical bar to do the business and anybody corporate can serve their customers or client by setting up the business in any part of world. There are many corporates who have set up the business unit in India and they are exporting such goods to all over the world. As per Foreign Trade Policy of the India, there are policy set up by the government where there is detailed guidelines and policy frame by Ministry of Commerce and Director General of Foreign Trade is regulatory authority.

Government of India has issued the detailed list of goods for import from other country and export to the other country and also issued the list of prohibited, restricted goods for body corporate and office of customs make sure such policy and guidelines framed is executed accordingly.

Apart from this There are many schemes issued by Ministry of Commerce for promoting the exports from India for earning the foreign currency in terms of like MEIS, SEIS, RODTEP Scheme where export unit can get the benefits from government in terms of scrips as per rate issued by Government.

Apart from this, Government of India also gives the benefits for importing the goods in terms of advance authorization, duty drawback so that such importing business unit can take the benefits of these scheme which help to improve the working capital of the company and they get motivated for export so they our country can get the foreign currency in India.

We are there to support in terms of identifying the benefits for our client’s business unit, assist them to prepare the checklist and submitting the documents to claim these benefits which directly will improve the bottom line of business for our clients.

Collection of Tax is an important source of income for any country so that they can provide the basic facility like education, medical, safety, infrastructure to their citizens  and no country would like to loss of such income hence government strictly monitor such international transactions which attract for tax of such law of land.
There are many law framed by the government of India like Transfer price agreement, country by country reporting, Basis of Entity Profit Shifting to monitor such transactions.

There are many treaties which agreed between countries to promote the relations between them and to avoid the double taxation on same kind of transactions hence it is always important for enterprise to track such transactions and take the benefits of such treat to avoid double taxation specially when transactions are between inter company.

Yobapart helps to the clients by analyzing the transactions where  International  Taxation get attracted for buying and selling of goods or services, expat, equalization levy, Royalty paid for Technical Know, Sales Coverage service availed from intercompany transactions.

We support through transaction analysis, applicability of tax on such transactions, computation of Tax and perform the compliance accordingly with regulatory authorities and agencies.

The accounting of any enterprise is important to show the true picture of the business hence great care needs to be taken while reporting such numbers as tax and compliance of any company also depend on the accounting of such business. While doing accounting in today’s global world there are policies and procedures, principles for such accounting have been informed through IGAAP, IND-AS, IFRS hence correct way is very important.

As shareholders does not involve in the day-to-day affairs of the business hence, they measure the success and failure of any business through Financial Statements hence it is very important to report and present the financial statements in true and fair manner by adopting all the principles of accounting advised through various accounting policies and accounting standard.

As Many multinational companies managing their business in India through establishing their subsidiary company in India and such company need to maintain their accounting record in the technology adopted by them and need to do audit as per the laws of the country in which holding company is situated.

As to adopt this complex environment there is need of support to our client to follow the accounting principles and there is always risk with respect to process, procedure hence management of company would like to assure there is such internal control set to mitigate the risk arise from financial operations.

Suresource is there to help our clients to support in terms of following correct accounting policy and principles, to measure the internal control through three line of defense, segregation of financial duties, Delegation of Financial Authorities etc. We support our client preparing the financial statements and supporting in preparing various schedules as per Companies act for statutory audit, support for preparing internal audit etc.  as per the expectation of management.

Accounting of any enterprise is important to show the true picture of the business hence great care need to take while reporting such numbers as tax and compliance of any company also depend on the accounting of such business. While doing accounting in today global world there are policy and procedure, principles for such accounting has been informed through IGAAP,IND-AS, IFRS hence correct way is very important.

As shareholders does not involved in the day to day affairs of the business hence they measure the success and failure of any business through Financial Statements hence it is very important to report and present the financial statements in true and fair manner by adopting all the principles of accounting advised through various accounting policies and accounting standard.

As  Many multinational companies managing their business in India through establishing their subsidiary company in India and such company need to maintain their accounting record in the technology adopted by them and need to do audit as per the laws of the country in which holding company is situated.

As to adopt this complex environment there is need of support to our client to  follow the accounting principles and there is always risk with respect to process, procedure hence management of company would like to assure there is such internal control set to mitigate the risk arise from financial operations.

Yobapart is there to help our clients to support in terms of following correct accounting policy and principles, to measure the internal control through three line of defense, segregation of financial duties ,Delegation of Financial Authorities etc. We support to our client preparing the financial statements and supporting in preparing various schedules as per Companies act for statutory audit, support for preparing  internal audit etc.  as per expectation of management.

Law of the land for any country is important not only for the citizens of the country but also the business units who managing the affairs and this need to follow from the inception or incorporation of business. In India there is very complex nature of the laws and which is very important for any business to follow the same and failure to follow the same will liable for financial penalties, civil and criminal offence based on the applicable laws and impact of such laws can be reach till closure of the business.

Every need to performance the compliances and adopt the laws framed under below major laws.

• Companies Act
• Income Tax Act
• Goods and Service Tax Act
• Customs Laws
• Intellectual Property Rights Laws
• Indian Contract Act
• Arbitration and Conciliation Act
• Factories Act
• Environment Laws
• Employees benefits related Laws
• Business Registrations Laws
• Other Local Laws

Corporate need the advisory service with respect to manage their business and impact of compliance and applicability of above-mentioned laws on their business so they can manage their business by adopting the law of the land.

We are providing support to our client for the applicability of various laws, mapping the compliance and support their team for the performance of the activity in the timely manner.

We are helping our client to provide our Due Diligence Services for their internal operations in terms review the financial information, internal reconstruction of debt- equity and bring their financial up to comfort level. We also review the due diligence for external matters like Merger and Acquisition for an entity and strategic decisions to leadership which help to take the decisions which provide the long-term effect for their business and prepare a roadmap to their business.

We provide the tax preparation services and tax planning services to US Individuals and businesses tax filler in terms of calculating Gross incomes, Deductions, itemized deduction, Business expenses and business deduction Losses and Bad depts etc.

We help them in filling of Federal tax returns, tax planning for future by explaining them Federal tax provisions and filling below IRS Forms

• Form 1040- EZ
• Form 1040 Individual U.S Tax Return
• Form 1065 Partnership Firm
• Form 1120 Corporation
• Form 1120 S Corporation
• Form 990 Tax Exempt Organization
• Form 1099 – MISC
• Form W-2 Wages and Tax Statement

We are also helping our clients with Tax planning which simply helps them to save money which either for retirement and if you are planning to get married. A tax planning always helps U.S Citizens in case they are important stage of personal life and taking the professional decisions for business or for financial in terms of investment in property etc.