Accounting

The firm provides services of designing, developing and implementing the accrual / cash system of accounting for Corporate and Non Corporate entities as well as for Government and Semi-Government agencies.

The firm possesses the expertise to design Manual on Accounting and various operational areas including Internal Control System and related records to be maintained by an organization and also to advise on various issues pertaining to treatment of transactions involving multiple complexities and legal implications.

The firm has adequate infrastructure to impart conceptual as well as on the job training facilities for introduction and implementation of the accounting and internal control systems.

Auditing

Audit approach of the firm is to concentrate efforts on controls and key risk areas enabling to provide a straightforward, cost effective audit.

The firm has considerable experience and expertise in Statutory Audit, Internal Audit, Tax Audit, Concurrent Audit and Special Investigative Audit of Corporate and Non Corporate entities, Govt.

Companies/Corporations, Banks, Financial Institutions, Public Utilities, Insurance Companies, Co-operative Societies, Charitable Institutions, etc.

Designing and Developing of Internal Audit System and its Manual is also done by the firm.

Taxation

The firm has specialized in tax planning services by advising and counseling to clients in selecting form of business, organization of capital structuring, consolidation of resources etc.

It is representing it's individual and corporate clients before various authorities starting from the assessing Officer to the Income tax Tribunals, Settlement Commission and the Central Board of Direct Taxes.

The expertise of the firm on Direct Tax Laws and treaties for avoidance of double taxation between different countries has been useful to Indian and Foreign nationals and corporations having business in India or having business connections with India.

Corporate Strategist

The firm is providing services on various matters under the Companies Act, 1956, including formation of companies, Capital Structuring and its public issue, Mergers and Amalgamations, Liquidation or Winding up operations etc.

The firm has also represented various agencies in problems relating to Company Law Matters at highest levels of Department of Company Affairs, Company Law Board and other related Government Authorities.

Recruitment

The firm also provides recruitment services to clients for finding suitable senior executives.

We can provide initial screening after ascertaining the requirements and shortlist the applicants after final interview.

We also assist clients in the selection of required personnel in the accountancy and financial disciplines.

Service Tax

The firm provides services to the clients on the various aspects of Service tax matters.

The range of services in this area includes starting from the applicability of the provisions of the Act up to filing of periodical returns and pleading on behalf the clients in the matters of disputes with various authorities.

The e-filing of tax returns services in this area are also offered by the firm. A special team is available to extend such hi- tech services to the clients.

Valuations

The firm provides services of designing, developing and implementing the accrual / cash system of accounting for Corporate and Non Corporate entities as well as for Government and Semi-Government agencies.

The firm possesses the expertise to design Manual on Accounting and various operational areas including Internal Control System and related records to be maintained by an organization and also to advise on various issues pertaining to treatment of transactions involving multiple complexities and legal implications.

The firm has adequate infrastructure to impart conceptual as well as on the job training facilities for introduction and implementation of the accounting and internal control systems.

Merchant Banking

The range of services offered by the firm in this field includes, Finalizing the capital structure of the Company with regards to share issue and ideal mix of debt and equity.

Drafting of various documents required for the issue of capital as required by the various agencies like the Securities and Exchange Board of India, Registrar of Companies, Reserve Bank of India, Stock Exchanges etc.


The firm has also been advising on mergers, acquisitions, amalgamations, demergers and strategic alliances to various clients.

The firm has also carried out due diligence of various companies in this regard on behalf of private and public companies.

Foreign Exchange Consultancy

The firm has advised many clients in the matters under the Foreign Exchange Management Act, (FEMA) and have represented them before the concerned agencies like the RBI etc.

Information Technology and Computer Consultancy

Feasibility Study for computerization, Introduction of System, Preparation of System Manuals and Programme and to provide initial training.

With the Information technology scenario in India changing drastically and the process of globalization taking over, we have also diversified into these activities.

Our firm along with associates can help clients in development of their software as per their requirements and for process control, industrial automation and data acquisition systems.

We help our clients in respect of data warehousing also. The firm can also help in software development and providing support to clients in providing quality management of IT services and the infrastructure upon which companies critically depend for their business function.

Management Consultancy

The services being provided by the firm include identification of project, preparation of project reports, appraisal of projects, advising on resource mobilization etc.

Knowledge Process Outsourcing

The firm provides services of designing, developing and implementing the accrual / cash system of accounting for Corporate and Non Corporate entities as well as for Government and Semi-Government agencies.

The firm possesses the expertise to design Manual on Accounting and various operational areas including Internal Control System and related records to be maintained by an organization and also to advise on various issues pertaining to treatment of transactions involving multiple complexities and legal implications.

The firm has adequate infrastructure to impart conceptual as well as on the job training facilities for introduction and implementation of the accounting and internal control systems.


International

USA

Preparation of Tax returns for Individuals, Trusts, Corporations and Partnership as per US Tax laws. The preparation of tax returns includes

Preparation of Federal tax returns (Form 1040 and 1040 NR - Individuals, Form 1065 - Partnership, Form 1120 - Corporation, Form 1041 - Trusts and Estate) Individual Tax Returns (Form 1040) - Expatriate Tax returns, Dual status Tax returns

Preparation of State Tax returns for residents and non-residents in all 49 states of USA and

Preparation of City Returns

Customized Bookkeeping service for Entities, Individuals and Trusts

(These services are substantiated with value added features for speedy review by the CPA firm through key aspects of tax returns to touch upon. This facility is being provided through proprietary software developed in-house.)

Preparation of Investment Partnership Accounts for US Client


UK

Accounting, Payroll, Vat returns, Weekly accounts and Monthly accounts, Management Reports etc.(for more than 70 end clients).

Data entry for Insurance Business for UK Client


AUSTRALIA

Accounting, Taxation and Bookkeeping services for Australian Clients.


NEW ZEALAND

Accounting, Taxation and Bookkeeping services for New Zealand Clients.


DUBAI

Accounting, Taxation and Bookkeeping services for Dubai Clients.


SINGAPORE

Accounting,Taxation and Bookkeeping services for Singapore Clients.


HONG KONG

Accounting, Taxation and Bookkeeping services for Hong Kong Client.

Domestic

Processing of Hire Purchase documents

In this area we provide complete services of checking the documents for its completeness, keeping the track of missing documents to make it complete, providing daily information to the client of inward flow and processing of documents, the most important part being preserving the safe custody of the ORIGINAL DOCUMENTS in fire proof storage and all supporting services to the Client for audit, inspection and verification of these legal assets.


Accounting and financial management services

This assignment covers areas like collection of data to compilation and preparation of accounts, monitoring of expenses for the set objects of the Agency , liaison with the noodle and inked branch agencies spread all over the state and submission of related MIS reports to the funding agencies.

In order to take care of the confidentiality and security of our clients’ data, we have implemented a comprehensive security policy that is designed to ensure the protection of data. Further, we have also obtained the ISO 27001:2005 certification for our Information Security Management Systems.

The following are the various security control measures implemented at our production facilities:


Physical Security

Security guards are stationed outside the production facilities at all times.

Biometric scanners and access card is required to enter production facility. Only the authorized personnel are allowed to enter the production area.

It is ensured that person entering the production area does not carry the following :

Bags or purses

Pen

Paper

Mobile Phones

Separate areas are provided for such articles.

Biometric scanner is used to enter the server room. Access is restricted to the IT team and Division Head only.

Internet Access Controls

No access to personal email accounts is given to the staff. Outlook and Outlook Express have been removed from all workstations. No access to Internet is available to staff except for sites which are specifically allowed to be accessed.

Paperless environment is ensured as per client’s requirements.

It is ensured that an IP authentication is in place so that no one outside the office can access to any of the business sites of the firm.

Hardware Controls

There are no removable media devices on workstations.

The workstations do not have floppy drives or CD R/W drives and the USB ports are disabled.

The network is protected through solid firewalls which block the unauthorized traffic and also monitor the network of the whole organization.

Training Philosophy

In order to prepare our employees for actual working on the various outsourcing activities, M&Shah provides in depth training covering all the aspects of the live operations.

Starting from the inception stage we place very high emphasis on the quality of our work provided with value added inputs along with time and target management.

Training Programs

Keeping these Objectives in mind, we have designed structured and sequentially staggered training programmes with incremental level of complexities.

The training programs are broadly divided in two parts i.e. induction training at the time of joining and refresher training for continuing development.

In our all training programs theory and practical sessions are built into the system for complete coverage of training needs.

Training Process

Our training programs are structured and designed with the basic objective of keeping them very live and interesting.

The participation of employees in such programs with zeal and enthusiasm definitely yields very productive results with assurance of quality.

Keeping these objectives in mind, various different activities like periodical theory and practice tests, group discussions, innovative quizzes and puzzles etc.

are planed in both induction and refresher training programmes. Fully computerized and on-line evaluation process has been established for all tests programs to have fair, analytical and professional evaluation of training progress of the participants.

Continuing Development Programs

To keep abreast with the latest changes on the subject topics with related software and to keep pace with the fast changing developments, we have also designed periodical refresher training programs for our all level employees.

In addition, various live discussion programs are also arranged periodically wherein employees even at the basic operations level lead discussion and share their experience of working on live operations.

Circulars on various important topics and latest developments , guidance notes on important policy matters and clients specific requirements etc.

are also in-built in to our systems to constantly keep our employees update on their subjects. Periodical web conferences with our overseas associates are being regularly arranged as part of our on going training programs.

For detailed guidance on particular topic or subject queries, continuous mail communication with our counterparts and web help of related sites are also in-built in the system.

Self Development Programs

Even training programs on other important matters like HR relations, setting of goals and priorities in life, career building-up, efficiency enhancement, English improvements, etc.

are also organized through outside experts on these fields.

Training Faculty

Highly qualified and well experienced in-house training faculty prepares training schedules in advance for all training modules.

Suggestions from all the employees are invited in the designing of various training modules. Participation of the group colleagues is always ensured in the development of training and research material on all topics.

The faculty then implements these programs and progress is being monitored to confirm with the schedules.

The topics are distributed among various faculty members based on their live experience.

Training Evaluation

Faculty submits periodical progress reports to the Management along with their observations, test results analysis and suggestions for improvements. Participation of employees from all levels is encouraged in our continual process of quality improvements.

As part of our continuing improvement process, the above aspects are also ensured in our Internal Quality Audit programs and Management Review Meetings.

Methods of Training

The training is carried out by the use of the latest methods like web conferencing, video conferencing, etc. Softwares like VNC is used to interact live with the clients and for live demonstrations etc.

Explore

Subscribe to Newsletter