Management of Co-operative societies
We at Whitespace provide one-stop solutions wrt Finance, Accounts, Tax, and Legal Liasoning to all the cooperative societies (Housing societies as well as commercial societies).
Services we provide:
- Maintaining Books of Accounts in ERP, Drawing Trial Balance & Preparing Financial Statements
- Preparing Member Bills & Receipts
- Maintaining Statutory Registers (I Register, J register, FA Register, etc)
- TDS compliance
- GST Compliance
- Filing of Income Tax Return
- Liaisoning with DDR
Our other services
Companies and LLPs that are running in India with registration issued under the regulation of Companies Act, 2013 and Limited Liability Partnership Act, 2008, are to compulsorily follow a set of annual submission/declaration filing procedures with ROC (Registrar of Companies) in the prescribed deadline, failing the obligation may lead to penal charges as per the rule put in place in India.
Some compliance forms are:
- DIR KYC
- Form 11
- Form 8
- MSME Form 1
The future of business is risk management. As a part of Risk Assurance and Audit services, Whitespace can help you with the following audits for your organization:
Internal Audit – Our Internal Audit practice offers a customized mix of resources, tools, and insights to clients who seek to enhance their internal audit functions.
Governance, Risk, and Compliance – In an increasingly complex and volatile business environment, companies cannot afford to be non-compliant with regulations or ignore uncertainties. Hence, governance and compliance audit become important checkpoint for many organizations.
Internal Financial Control (IFC) – Merely having processes and controls are not enough for an organization. Those controls need to be efficient and effective as well. The primary objective of IFC is to identify opportunities for improvement and to draw up recommendations & good practices that can be used as a benchmark to develop or strengthen the internal control systems and enhance the reliability of the financial statements.
IT System Audit – The digital age is here. IT systems are a fundamental part of all organizations and You – along with your customers, shareholders, and regulators – need to trust it to rely on it. The IT and Project Assurance practice can enable you to embrace new technologies and opportunities which would be crucial to stay competitive.
MIS Reports are reports required by Management, they assess the performance of the organization and allow for faster decision-making
There is the Management, the Information, and the System. At the heart of it, this provides important information Management.
At Whitespace, we understand how important it is for you to know the profitability & other financial analysis of your business. So, we not only get you the reports but, help you set up an effective reporting system that provides insights.
A Project Report is a document that provides details on the overall picture of the proposed business. The Project Report gives an account of the project proposal to ascertain the prospects of the proposed plan/activity. It contains data on the basis of which the project has been appraised and found feasible.
Generally, when organizations approach banks or other financial institutions for funding, The Project Report is the primary document asked for. At Whitespace, we help business organizations to prepare the Project Report and CMA Data required by Financial Institutions at the time of raising finances.
Business always needs guidance and expert advice on issues related to business strategies, business alliances, mergers and acquisitions, and various legal areas like Corporate deeds, Non-Disclosure, and Confidentiality agreements, Recovery notices, etc.
Whitespace can be your one-stop place for such allied consultations. With a panel of experts and professionals from respective fields, we cater to all your business and legal consultations needed in one place.
A virtual CFO is an outsourced service provider, they offer high skill assistance in the financial requirements of an organization, just like a chief financial officer does for large organizations.
At Whitespace, we provide you the expertise and experience as a virtual CFO to start-ups. As part of this service, we help you to review & closing monthly books, making sure that all legal & statutory compliance WRT accounts & taxes is done timely, present MIS to Management, and help Management in taking crucial financial decisions at the right time.
The topic of business valuation is frequently discussed in corporate finance. Business valuation is typically conducted when a company is looking to sell all or a portion of its operations or looking to merge with or acquire another company. The valuation of a business is the process of determining the current worth of a business, using objective measures, and evaluating all aspects of the business.
Whitespace works closely with qualified and experienced valuers to provide you with Valuation service.
It is important that a business maintain a steady and regular financial process by which they can pay their employees on time. Not being able to pay salaries on time, or any unnecessary delays can cause employees to question the financial stability of the company. Moreover, it may even affect the morale of the company’s workforce.
The payroll management process, in a nutshell, refers to the process of administration of a company’s employee’s financial records. This would include details of the employee’s salaries, incentives, bonuses, deductions, and net pay. An employer must maintain and keep these records as dictated by the law. Not complying with the Income Tax laws pertaining to employee records can be grounds for legal consequences.
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We help entrepreneurs get ready to raise capital. Please note that we cannot help our clients raise capital.