Outsource Your Accounting Work to Taxfacc:

Accounting is an art of recording the financial transactions of the company on a chronological basis, every business must maintain its books of accounts on daily basis which is a requirement of law and a modern-day necessity to comply with tax laws. For Accounting doesn’t matter the size of the organization.

We have well trained accountants in our team under the supervision of experts which ensure accurate results. All Taxes are based on the proper accounting of the business i.e., GST, TDS/ TCS & Advance Taxes.

Taxfacc not only do accounting but also helps the business by providing MIS report. Accurate and timely result helps in paying taxes on time (which avoid Interest) and timely filing of your statutory returns, i.e., GST and TDS/ TCS Returns (which avoid Late filing Fees).

Documents Necessary for Accounting & Tax Compliance:

• Sale and Other Income Invoices raised during the relevant period,
• Purchase and Other Expense Invoices received during the relevant period,
• Debit and Credit Notes,
• Statement of all Bank Accounts,
• Cashbook with Vouchers and Evidence,
• Any other information of financial nature.

Compliance of an Employee Provident Fund Act:

An organization is required to get register in employee provident fund through 2 ways i.e., Voluntary or Compulsory Registration.

• In voluntary basis, an employer has its own discretion to get registered himself under the PF Act irrespective the number of employees so that their employees avail the benefit of the provident fund.
• In case of compulsory registration, every employer is required to get register under the PF Act if it has 20 or more employees and to obtain the said registration within 30 days of reaching the number irrespective of salary amount.

To count the limit of 20 or employees we must consider all those employees who are the following:

• Full time or Part time employees including work from home employees.
• Contract Employees or Full-time consultants.

Documents Required for PF Registration:

• Certificate of Incorporation if any
• PAN Card of the establishment
• Address of the establishment
• Specimen Signature
• KYC of all the Proprietor/ Partners/ Directors
• Cancelled Cheque of the Current Account
• Digital Signature of the Authorized Signatory

The employer must deposit the monthly contribution of PF on or before the 15^th of the following month.

Compliance of an Employee State Insurance Act:

Employees’ State Insurance Corporation, a need based social insurance scheme incorporated under Employees” State Insurance Act in order to assure better medical care to the employees or workers and their immediate dependants. The scheme protects the interest of employees during incidents and emergencies which includes maternity, sickness, demise due to employment injury or harm, permanent or temporary physical disablement and everything that affects the earning capacity. The act also gives relaxation to the employers of their duties or responsibilities under the Workmen Compensation Act 1923 and Maternity Benefit Act, 1961.As ESIC registration is a must for availing the incredible benefits that an employee receives under ESI Act.

An organization is required to get register in employee state insurance act if 10 or more employees employing in the organization and provide the benefits of ESIC to its employees.

All the employees are covered for counting the limit of number of employees, however total wage limit of up to Rs. 21,000/- only is eligible for the ESIC coverage.

An Employer has the responsibility to deduct the employee contribution @ 0.75% of the total wages paid to the eligible employees and the employer contribution @ 3.25% of the total wages paid to the eligible employees. The employer must deposit the monthly contribution of ESI on or before the 15^th of the following month.