GROWTH AND MATURITY PHASE
We future-proof your Growth by eliminating Risks with smooth day-to-day management of all critical functions of your business. Our managed services cover Compliance, Accounting, Taxation, Payroll and Finance aspects, allowing you to focus on what matters most — Growing your business!
Whether you’re a Funded Startup, a Mid-market enterprise, or a global entity operating in India, SimplyBiz ensures your company is diligent-ready — so you can focus on achieving your business goals.
What We Offer
We help navigate through the GROWTH & MATURITY stage with Smart Governance. Our diligent-ready approach will help strengthen the core and prepare for the acquisition stage.
Corporate Secretarial & Compliance
Taxation Compliance
- Advisory & guidance under applicable regulations.
- Company law compliance under the Companies Act, 2013.
- Preparation and filing of statutory returns (ROC filings).
- Board management.
- Shareholder management.
- Investor management.
- Parent company reporting.
- Foreign exchange compliance.
- SEBI & Stock Exchange compliances.
- Direct Tax Compliance (TDS, Income Tax returns, Advance Tax).
- GST Compliance (registrations, filings, reconciliation).
- Transfer Pricing Compliance.
- Tax assessments and payments.
- Tax advisory to optimize your tax position.
Bookkeeping & Accounting
Payroll Management
- Bookkeeping and financial reporting (Monthly, Quarterly, and Annual reports).
- MIS reports to provide financial insights.
- Accounts payable and receivable management.
- Budgeting and forecasting.
- Cash flow management.
- Compliance with Indian Accounting Standards (Ind AS).
- Audit support for statutory audits and due diligence.
Tools we use: Zoho Books, QuickBooks, Tally,
and other cloud-based accounting software.
- Structuring payroll.
- Payroll processing and disbursement.
- Employee tax (TDS) calculations and filings.
- Provident Fund (PF), Professional Tax (PT), ESI compliance.
- Employee benefits management (health insurance, gratuity, etc.).
- Leave and attendance management.
- Expense reimbursement management.
Business Legal
- Legal Consultation on business and labour laws.
- Legal Risk Mitigation through compliance frameworks and policies.
- Risk Analysis & Mitigation to identify and reduce legal risks.
- Contract structuring, Drafting & reviewing NDAs, Vendor agreements, SLAs, and more
Know the Key features of our deliverables and the process we follow for each, by clicking on this Page link
BOOKKEEPING AND ACCOUNTING
- Recording transactions in the accounting software (revenue & expenditure), including transactions asper bank statement.
- Reconciliation of accounts (bank, cash, credit card).
- Raising monthly Invoices to customer as per confirmation from management
- Set up bank payments for vendor/statutory disbursements.
- Monthly Management MIS.
- Preparation of Annual financial statements and Liaison with statutory auditors for year-end audit.
- Fixed Asset register management.
- Periodical accounts payable and accounts receivable reconciliation and ageing reports.
TAXATION
- Calculation of TDS, filing E-TDS returns, generate TDS certificates.
- Calculation of monthly Goods and service tax and filing monthly /quarterly /yearly return as applicable.
- Preparation and review of advance tax payments.
- Coordinating with consultants/TP Auditor for Transfer pricing related compliances.
- Filing Annual income tax return
PAYROLL
- Obtain Monthly payroll inputs and processing of payroll.
- Annual structuring of salaries for achieving tax efficiencies.
- Filing with statutory authorities viz., Income tax, professional tax, Provident fund, ESI as applicable.
- Submission of quarterly E-TDS returns.
- Full and final settlement report.
- Periodic salary reports – On request.
- Annual generation of form 16.
CORPORATE SECRETARIAL COMPLIANCE
- Preparation of all documents relating to Board, Committee, and General meeting and assisting in conducting the Meetings.
- Filing of Annual returns (Form AOC-4 & Form MGT-7).
- Filing of MSME Returns.
- Filing of Return of Deposits.
- Completing annual KYC compliance of Directors.
- Maintenance of Statutory Registers.
- Compliances related to establishment such as Trade License, Shops & Establishment license etc.,
- Assistance in navigating Regulatory landscapes for business expansion
Business legal services
- Advisory, drafting/Vetting & helping in execution of commercial contracts which inter alia includes Agreements with Vendors and Suppliers, Non-Compete & Non-Disclosure Agreements, Issuance of legal notice and other commercial & allied agreements.
- Our Scope shall not include any kind of Investment documents such as Shareholders Agreements, Share Subscription Agreements, Share Purchase Agreements, Joint Venture Agreements, Technology Purchase / Sale Agreements, Term Sheets, etc. Also the scope doesn’t include matter relating to advisory on litigation and property related matters.
EXCLUSIONS – The following deliverables are facilitated as required: –
- Statutory audit under the Companies Act, 2013
- Tax audit under Income Tax Act, 1961
- Written opinions or representations before any statutory authority / department, response to letters, Show Cause notices, Audit Queries and/or enquires from any department etc.,
- Transfer pricing related advisory and Auditing Services
- Due Diligence services.
- Certification for outbound remittances – Form 15CA, 15CB
| Company information | Name of the company | |
| Address | ||
| Date of incorporation | ||
| Brief discription of your business | ||
| No. of Directors | ||
| Investment type | ||
| No. of Share holders | ||
| Website | ||
| Linked in profile ID | ||
| Name of the Founder | ||
| Profile of the Founder | ||
| Accounts | Previous year Annual turnover | |
| Current year Turnover till date | ||
| Annual expenditure | ||
| Invoice raising process | ||
| Monthly No. of Customer invoices | ||
| Monthly No. of Vendor invoices | ||
| Major expenditure Items | ||
| No. of transactions in a month in bank statement ? | ||
| How the current transactions are being handled? | ||
| Do you need assistance in vendor payments from bank? | ||
| Do you have GST registration? | ||
| Payroll | No. of Employees under payroll | |
| PF, ESI and PT comliance Applicability | ||
| Total salaries expenditure | ||
| Is there a HR department? | ||
| Others | Projected Revenue | |
| Projected expenditure | ||
| Projected employees | ||
| Projected Transactions in a month | ||
| Do you have auditors appointed | ||
| Current accounting software if any | ||
| We will use the above data only for internal analysis and proposal purposes. | ||
- Do not ignore filing of form MGT-14 within 30 days of passing of the resolutions in the general meetings held through video conferencing (VC) and other audio-visual means (OVAM) in pursuance to the MCA General Circular No. 14/2020 dated April 08, 2020.
- Do not ignore annual filing of financial statements (Form AOC-4) and annual return (Form MGT-7 and Form MGT-7A in case of One Person Company (OPC) and Small Company*) within 30 and 60 days respectively from the date of Annual General Meeting. Delay in filing attracts penalty of Rs. 10,000 on company and every officer who is in default and in case of continuing failure, with further penalty of Rs. 100/- for each day during the default continues subject to maximum of Rs.2 Lakhs and Rs. 50,000/- respectively.
- Do not ignore the filing of MGT – 14 (resolutions to be filed with registrar) within 30 days from the date of event. Delay in filing attracts penalty of Rs. 10,000 on company and every officer who is in default. Further penalty of Rs. 100/- for each day during the default continues on the company and officer in default subject to maximum of Rs.2 Lakhs and Rs. 50,000/- respectively.
- Do not ignore to place a copy of the annual return on the website of the company, if any, and disclose the web-link of such annual return in the Board’s report
- Make sure to submit the forms to the Registrar of Companies within the specified deadline as mentioned in the respective section. Nonetheless, ensure that the forms are filed with the Registrar of Companies within 270 days from the date they should have been originally filed.
Q1: What is Entity Management?
A1: Entity Management involves overseeing a company’s legal and compliance obligations, ensuring adherence to statutory requirements.
Q2: How does SimplyBiz assist with compliance management?
A2: We offer services to ensure your business complies with all regulatory requirements, minimizing risks and penalties.
Q3: What are the key risks of poor entity management?
A3: Poor entity management can lead to regulatory fines, compliance lapses, operational inefficiencies, and reputational damage. Proper governance ensures smooth operations and business continuity.
Q4: Can SimplyBiz assist with statutory filings?
A4: Yes, we handle all necessary statutory filings, ensuring timely and accurate submissions to regulatory authorities.
Case Studies
An industry leader from USA in design, development, fabrication, and installation of complete retail store environments.
We supported compliance for FEMA regulations part of Incorporation process and now providing entity management services, payroll management, Resident Directorship support and ensuring smooth operations and full regulatory compliance.
A US-based healthcare solutions provider that helps manage the complex connections between health plans, providers, employers, community-based organizations (CBOs)
SimplyBiz has been handling Groundgame Health’s accounting, payroll, and statutory compliance for their Indian operations. SimplyBiz’s end-to-end managed services have helped the company navigate complex regulatory requirements, ensuring a smooth operational launch and ongoing compliance in India.
A global technology services company headquartered in Dallas, Texas, with operations in Costa Rica and India
Feuji partnered with SimplyBiz to streamline their accounting, payroll, taxation, and corporate secretarial compliance in India. With over 200 employees, SimplyBiz ensures Feuji remains diligence-ready for audits and compliance-ready with Indian regulations, allowing them to focus on their core IT operations.
A company with operations in USA, Canada and India offers Innovation as a service for enterprises, growth-stage disruptors, and early stage startups
SimplyBiz conducted Reverse Due Diligence covering Legal, Finance, and Corporate Secretarial aspects for the company and its overseas affiliates. We also provided contract review support, ensuring the company’s agreements were compliant and risk-mitigated across jurisdictions
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