Phoenix AccountingOur Services – Your Best Selection
We provide a wide range of services not only in accounting but also to support Japanese companies entering India and managing their local subsidiaries.
Company Formation Support
Challenges We Can Solve
A.Yes. We handle all of these tasks.
A.There are various options. We provide professional guidance so that you can determine the most suitable approach.
Services
Company Incorporation Services
・We handle the incorporation of local subsidiaries.
Our company formation services in India include the following items:
・Reservation of company name
・Preparation of Articles of Association
・Preparation of incorporation-related resolutions
・Registration and other procedures
Post-Incorporation Procedures
After company incorporation, we carry out the necessary procedures such as:
・Confirmation of company address
・Preparation of resolutions
・Appointment of directors
・Support for obtaining visas for expatriates
Bank Account Opening
We assist in opening bank accounts for newly established companies in India.
Opening a bank account is a necessary step in India, and we provide full support until the account is successfully opened.
Secretary Services
Challenges We Can Solve
A.Yes. We handle a full range of general secretary services. Please contact us for details of the services you need.
Services
Statutory Compliance Services
・We provide statutory compliance services and advisory support in accordance with various Indian laws.
※For legal issues related to the application of Indian law, we can introduce law firms and assist with negotiations.
Board of Directors and Shareholders Meeting Support
・We provide professional support for holding board meetings.
・We also assist with the organization of shareholders’ meetings.
Management of Various Registers
・We manage company registers related to corporate operations on your behalf.
・We also provide other secretary services. Please contact us for individual consultations.
Accounting & Tax Services
Challenges We Can Solve
A.There are various tax considerations in India. We provide professional guidance and relevant information.
A.Yes. We provide detailed advice on Indian taxation and the tax system.
A.Yes. As an international accounting firm with offices in multiple countries, we coordinate with local offices to provide professional information on these matters.
Services
Bookkeeping Services
・Bookkeeping for accounting records.
※Unless otherwise requested, we use accounting software such as QuickBooks. If a specific accounting system is designated by the parent company, we will use that system for bookkeeping.
Monthly Accounting & Financial Reporting
・Monthly closing based on company requirements.
・Reporting to management, board of directors, and parent company.
※For companies using budget systems, we can also provide budget vs. actual analysis upon request.
Financial Statement Preparation
We prepare annual and closing financial statements based on the fiscal year-end accounts.
Corporate Tax Filing Services
We calculate corporate taxes due, prepare tax returns, and handle submission to the tax authorities based on the fiscal year-end accounts.
Outsourcing
Challenges We Can Solve
A.Yes. We provide comprehensive support for all these operations in India.
A.Yes. We will handle these tasks promptly according to your requests.
Services
Payroll
・Gross-up payroll calculation for Japanese expatriates.
・Calculation of salaries for local employees.
・Computation of CPF contributions.
・Preparation of IR8A forms.
Payment Processing
We handle monthly payment processing to suppliers, logistics providers, and other vendors.
Mail Forwarding
We provide mail forwarding services to local offices in India.
Visa Support
We provide full support and handling of all tasks related to visa applications and renewals.
Audit Services
Challenges We Can Solve
A.Yes. We provide accounting audits in accordance with Indian law.
A.Yes. We can accommodate requests for expedited audit procedures.
Services
Indian Company Law Audit
・Under Indian law, statutory audits are mandatory unless certain exemptions apply.
We handle statutory audits for a wide range of companies, from sole proprietorships to medium-sized enterprises.
Consolidation Package Audit for Parent Company
・Voluntary audit for preparing the parent company’s consolidated financial statements.
※Since this is not a statutory audit, auditing standards can be customized according to your requests. Audit issues and reports on specific items are performed in accordance with the audit instructions.
Support for Auditor Communication
When the audit is conducted by a parent company–appointed audit firm, we act as a liaison for the company, handling financial closing processes, accounting inquiries, and supporting completion of the audit.