Why should you seek specialised help of CAs?
A chartered accountant is responsible for offering accounting and taxation services and helps businesses conduct annual audits. Every organisation needs to ensure steady cash flow and financial management. As an expert in a host of areas relevant to your business, such as corporate agreements, finance, taxes, and laws, a CA can help you in applying for business loans, formulating strategies, installing software, maintaining accounts, and even estimating the subsidies your business is expected to receive.
How can CAs help in setting up a business?
Preparing the business plan
A CA can help you analyse the market and estimate the financial predictions along with the taxation policies imposed by the government. With his in-depth knowledge, he will help you increase the profit margins from the initial phase of your business.
Trademarking your product
Next, he is aware of the procedures and technicality of trademarking the products in the most hassle-free way. He can help you follow the right steps to get a trademark for your unique products and protect your rights.
Assisting in the legal structure and registration of company
Next, he is expected to possess profound knowledge of the company registration process and can help you accordingly. As there are different types of registrations, including limited liability partnerships, limited companies, sole proprietors, and more, he will help you understand which one will be most appropriate for your business. He will further help you with the necessary steps and regulations for company registration.
Applying for business loans
A chartered accountant will also help prepare your loan application and necessary documents. He will also guide you on how to answer the questions asked by the bank executives during the process and avail of the loan at the most convenient interest rates.
The bottom line
Whites Chartered Accountants is an esteemed organisation focused on offering a host of accounting and financial services. We have equipped our clients with tailored assistance from a team of qualified chartered accountants, taxation specialists, and more. Contact now.