⇨ Your team does not have updated knowledge on tax & finance?
⇨ You don’t have access to efficient tax planning tools?
⇨ Are you stuck in managing the accounts & tax team rather than focusing on business growth?
⇨ Do you seek One-stop solution for all your tax, compliance, finance & accounts needs?
⇨ Do you feel lost and get scarce family time due to impending work load?
If you relate with any of the above issues, then this call is for you.
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The company did not had a clue that they were eligible for a GST refund of INR 9.38 crores. Sheer ignorance of the tax laws & Unprofessional advise.
We planned & represented the refund applications which got them the amount.
This refund amount served as a cushion for the company to recover from the losses & use it in business growth.
Since then we are the sole tax & finance advisors to the company.
They are manufacturers of Auto parts & Plastic Injection Moulding.
We helped them save custom duties & taxes of more than INR 1.24 crores in just 15 months by availing the benefits such as EPCG & Advance Authorisation Schemes.
This enabled them to quote competitive prices and beat China suppliers. They secured a contract of INR 11.5 crores from a USA company with future business in the pipeline.
The group had 4 companies & 1 LLP in the business of Food processing, pharma & agriculture.
We helped them save Income Tax of INR 3.05 crore in 3 years.
How?
We got them the benefit of tax deduction under Section 80IAC of the Income Tax law.
Fun Fact: Only 3000 companies & LLPs in India are eligible to avail such benefit.
This Tax saving resulted in fueling the growth of the group.
GST departmental audit was a nightmare for the client. The plethora of documents required by the officers made it impossible to run normal business operations.
We prepared & represented the case, spent sleepless nights and got the audit completed within a record time of 13 days.
Above all, tax demand was just INR 47,366 combined for all the 5 years.
We also got appreciation from the Joint Commissioner for smooth closure of the queries & readily available replies.
The company had been exporting Cyber security services & Software development to clients in USA, Australia & Malaysia.
As their Virtual CFO, we helped them get setup their business structure, new-age banking channels, foreign currency realisations, payroll, reporting system, etc.
They initially paid a currency conversion fee at 1.3% to the bank which we got reduced to 0.20% resulting in savings of more than INR 5 lacs.
We structured their payroll which helped them save upwards of INR 1.85 lacs.
Structured taxes of the company that enabled them a year on year saving of INR 2.6 lacs.
Applied for 100% tax deduction benefit. This will alone save more than INR 65 lacs in just 3 years.
The company had major revenue leakages due to quantum of work, no formal SOP & no control over the internal process, manual driven tasks.
We formalised the crucial processes, switched to tech platforms to eradicate cash transactions, started physical verification of assets, manpower audits, SOP implementation, etc.
These steps helped us save INR 48.42 lacs for the company in just 23 days. It would be amazing to see yearly saving.
The company faced financial chaos due to rapid 60% growth, with cash flow gaps, unprofitable clients, high compliance costs, slow reporting, and high bench costs.
In April 2023, they partnered with us, we implemented real-time dashboards, cash forecasting, automation, and investor reporting.
Over 12 months, this reduced reporting time from 25 to 5 days, improved cash flow and margins, increased utilization from 68% to 84%, saved ₹22L annually in overdraft costs, and saved ₹36L in taxes.
They also raised ₹35 crore at a higher valuation, achieving over 500% ROI and ₹11.58 crore in annual benefits.
We give you freedom from the Finance & Tax function so that you can focus on Business growth. Stop Micromanaging tax and finance team.
We equip you with tools & systems so that your tax & finance function runs without you.
We are a team of skilled & seasonal professionals solving business issues for more than 37 years. The estimated business growth we have helped achieve, runs in a few hundred crores.
We care for you, we handhold/train you and the team, we stay with you and see that you’re profitable & scaling without any hassle.
During the call, we will identify the specific business problems such as budgeting, forecasting, financial analysis, taxation, strategic planning.
Understand your current business model, cash flow challenges, and growth roadblocks
We will clarify the process for onboarding, and discuss the potential scope and timelines for engagement.
No pressure. Just a genuine conversation to see if we’re the right fit.
Clarifying Your Doubts
Some of the standard job descriptions of virtual CFOs are:
✔ Financial MIS management
✔ Forecasting revenue and expenses
✔ Cost management
✔ Working capital management
✔ Risk analysis and management
✔ Taxation management
✔ Liaise with investors
✔ Liaise with lenders and banks
✔ Regulatory compliance management
✔ Strategic financial planning
✔ Advising on adopting tech tools
✔ They can free up your time.
✔ Strengthen the financial health of your business.
✔ Streamline communication with financial stakeholders.
✔ Guide in making strategic financial decisions.
✔ Identify potential risks and gaps.
Virtual CFOs are different from traditional CFOs in the following aspects:
✔ Affordability
✔ Flexibility
✔ Accessibility
✔ Scalability
Costs vary depending on the scope of services, business size, and complexity. We offer flexible packages that scale with your needs, making it more accessible than hiring a full-time CFO.