consultant role that covers accounting, tax, secretarial, and advisory functions typically spans a broad range of activities, often supporting businesses in maintaining compliance, optimizing their operations, and making strategic decisions. Below is a breakdown of each area:
1. Accounting
- Financial Reporting: Preparing accurate financial statements (balance sheet, income statement, cash flow) in accordance with accounting standards.
- Bookkeeping: Maintaining accurate and up-to-date records of financial transactions.
- Management Accounting: Providing insights into cost management, budgeting, and performance analysis.
- Audits & Internal Controls: Supporting the preparation for external audits, ensuring adherence to financial regulations and internal controls.
2. Tax
- Tax Compliance: Ensuring the client is compliant with tax laws and regulations, filing tax returns, and submitting documentation as required by the tax authorities.
- Tax Planning & Strategy: Offering advice on tax-saving opportunities, structuring transactions to optimize tax liabilities, and guiding clients on issues like VAT/GST, corporate tax, and international tax.
- Transfer Pricing: Assisting multinational clients with the documentation and compliance requirements around intra-group pricing.
- Tax Disputes & Advisory: Helping clients manage and resolve disputes with tax authorities or appeal decisions when necessary.
3. Secretarial
- Corporate Governance: Advising clients on corporate governance best practices and ensuring that companies comply with relevant laws and regulations (e.g., Companies Act).
- Compliance: Ensuring the company adheres to legal obligations, such as maintaining statutory registers, filing required documents with regulatory bodies, and reporting any corporate changes.
- Corporate Secretarial Services: Handling the preparation and filing of board resolutions, minutes, and shareholder agreements managing shareholding registers and other corporate records.
- Legal Documentation: Drafting and reviewing contracts, agreements, and other legal documents relevant to business operations.
4. Advisory
- Business Strategy: Offering advice on corporate strategy, market entry, mergers & acquisitions, and business restructuring.
- Financial Advisory: Providing insights on investment opportunities, capital raising, and financial restructuring to help clients improve profitability and mitigate risks.
- Risk Management: Helping clients identify and assess financial, operational, and regulatory risks, and providing recommendations to mitigate them.
- Digital Transformation: Advising on technology adoption, including ERP systems, automation tools, and digital transformation strategies to improve efficiency.
