Specialized Services
WBN consulting offers a range of premium specialized services that cater to the entire life cycle of organizations, addressing their business, operational, and financial needs with utmost expertise.
About Our Specialized Services
Our specialized services encompass a wide spectrum of crucial aspects, including business establishment, financial management, tax planning, documentation, operations, loans, business transfers, and mergers and acquisitions.
With our tailored solutions, we eliminate the necessity for an in-house financial management team, providing expert assistance to tackle existing and upcoming challenges effectively. What sets our suite apart is the presence of a dedicated team of subject experts who contribute to your organizational decision-making, driving excellence in every step.
Why Choose Our Specialized Services?
- Comprehensive Approach: We provide comprehensive business solutions, leaving no room for oversight or chance.
- Expertise: Our team of experts offers top-notch guidance and support, backed by extensive knowledge and experience.
- Advisory Capacity: Our advisory services analyze your requirements, align them with industry standards, and offer tailor-made solutions, empowering your decision-making.
- Enhanced Business Planning: With our assistance, you can develop sound business plans, strategies, and financial projections, setting your business on a path to growth and success.
Here’s how we can assist your
- Financial Reporting: We review your book of accounts and diligently prepare financial statements that adhere to Generally Accepted Accounting Principles, Indian Accounting Standards, or IFRS.
- Budgeting and Cash Flow Management: Our experts help you with the preparation of budgets, cash flow statements, and projected financial statements, empowering you to make well-informed financial decisions.
- Management Reports: Gain valuable insights with our assistance in preparing management reports and financial information systems, allowing you to stay ahead of the game.
- Investor Presentation: Present your financials confidently with our help in preparing a compelling financial deck for potential investors.
- Contract Review and Negotiations: Let us review contracts with employees, vendors, and customers on your behalf, ensuring favorable terms and mitigating risks where needed.
- Valuation Services: Our team can determine your business’s value and provide other valuation services, helping you understand your company’s worth in the market.
- Key Performance Indicators (KPI) Tracking: We analyze and track essential KPIs, providing valuable insights into your business’s performance and areas for improvement.
- With WBN Consulting’s Virtual CFO Services, your business gains access to expert financial guidance and support without the overhead costs of a full-time CFO. Let us be your trusted partner in steering your business towards success and prosperity.
Virtual CFO Service
WBN presents an elegant solution for small businesses seeking CFO expertise without the burden of a full-time CFO on their payroll. Our tailored virtual CFO service is designed to perfectly fit your business needs. With a team of knowledgeable Chartered Accountants and Company Secretaries at your disposal, we offer comprehensive support and guidance.
Led by an experienced Chartered Accountant, our dedicated team will act as your virtual CFO, providing expert assistance across crucial matters. Let us empower your business with financial acumen and strategic insights, ensuring your success in an ever-competitive market.
Opinion on Direct Tax Matters
Navigating the intricacies of the Income Tax Act is vital for every business, and effective tax planning is a key goal for every business owner. Compliance with the law is essential, but no business wants to pay more taxes than necessary. Fortunately, the tax law itself encourages taxpayers to avail benefits prescribed within its framework.
In the course of your business operations, you may encounter complex transactions with significant tax implications. To ensure you are on the right track, seeking an expert’s opinion becomes crucial. Understanding whether you have fulfilled all tax requirements and claimed entitled benefits is essential to avoid potential litigation in the future. Aligning your position with the Income Tax Act can lead to substantial advantages.
Our team of knowledgeable and experienced chartered accountants is here to address your queries and provide tailored solutions. We will guide you through the entire process, ensuring compliance with the Income Tax Act and enlightening you about eligible tax benefits. Our aim is to enhance your tax planning strategies, helping you make the most informed decisions.
We offer comprehensive written tax opinions covering a wide array of matters within the Income Tax Act. These include corporate tax, LLP tax, slump sales, business transfer agreements, amalgamations, demergers, start-up investments, ‘angel’ tax, TDS matters (including those applicable to non-residents), employee and ESOP tax, and more.
With our expert guidance, you can confidently navigate the complexities of the Income Tax Act, minimizing your tax burden while maximizing available benefits. With our specialist guidance, you can stay compliant, make wise decisions, and maximize your tax planning methods. Let our team be your trusted partner in securing a financially sound and successful future for your business.
Opinion on Indirect Tax Matters
With the Goods and Services Tax (GST) law subsuming most indirect taxes, it has become the cornerstone of taxation for businesses across India. This comprehensive law applies to both goods and services, encompassing various provisions that govern the point of taxation, place of supply, applicable tax rates, GST payment, and filing of GST returns. As the GST law continues to evolve, keeping abreast of circulars, notifications, and court orders is crucial, as they directly impact businesses.
Staying informed about the latest developments in the GST law is essential for business owners. Ensuring compliance with GST regulations, having the necessary registrations in place, and accurately fulfilling tax obligations are paramount. By meticulously planning business processes, one can fully leverage the advantages offered by the GST law.
Comprehensive Written Tax Opinions on GST Law Matters
- Determining the correct place of supply
- Handling imports of services and goods
- Understanding the reverse charge mechanism
- Complying with TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) under GST
- Navigating e-commerce supplies
- Managing multi-state registrations
- Optimizing input tax credit utilization
- Dealing with blocked credits
- Ensuring accurate GST returns filing
- Comprehending GST tariffs and their implications
CMA Data and Project Report Services
When seeking a loan from a bank, every business must submit crucial documents such as CMA data and the project report. Banks may also request a detailed project report (DPR) to evaluate the proposed project’s feasibility.
The CMA data and project report provide in-depth information about the project, including financial projections and key ratios such as the current ratio, debt service coverage ratio, interest coverage ratio, debt equity ratio, and more.
The accurate preparation of these reports is paramount, as they directly influence the business’s eligibility to secure the loan.
At WBN consulting, our team of experts stands ready to assist you throughout this crucial process. With decades of experience in analyzing CMA data and project reports, our team of ex-bankers brings a unique perspective from “the other side of the table.” We will guide you in preparing a comprehensive report that leaves no aspect overlooked.
Staying informed about the latest developments in the GST law is essential for business owners. Ensuring compliance with GST regulations, having the necessary registrations in place, and accurately fulfilling tax obligations are paramount. By meticulously planning business processes, one can fully leverage the advantages offered by the GST law.
Our CMA data and project report will Include
- Viability Assessment: Detailed information on the project’s viability, ensuring a strong case for bank financing.
- Asset Purchase Details: A comprehensive overview of asset acquisition, supporting your loan application.
- Proposed Loan and Interest Schedule: Clear and organized information on the loan amount and interest payment schedule.
- Projected Financial Data: Financial projections spanning five or more years, showcasing the project’s potential growth and profitability.
- Detailed Cash Flow Statements: A thorough breakdown of cash inflows and outflows, providing insights into the project’s cash management.
- Key Ratio Analysis: In-depth evaluation of key ratios, highlighting the project’s financial health.
- Loan Eligibility Analysis: Assisting you in understanding your loan eligibility under various methods adopted by banks themselves.
Slump Sale Advisory
Slump sales have emerged as a popular method for transferring business units, streamlining the process by assigning a single price to the entire unit, encompassing a group of assets and liabilities. This approach offers the advantage of avoiding the need to individually allocate consideration to each asset or liability. To facilitate the process, the income tax law provides a special mode of calculating capital gains tax for slump sales.
However, it is crucial to execute a slump sale correctly to avoid potential tax consequences under both income tax laws and GST laws. Every step in the transaction must be carefully and judiciously followed to ensure compliance and smooth execution.
- Strategizing the Transaction: Analyzing the present conditions and evaluating if a slump sale is the most favorable method or if alternative options may be more suitable for your specific case.
- Proposed Loan and Interest Schedule: Clear and organized information on the loan amount and interest payment schedule.
- Slump Sale Agreement Preparation: Providing expert assistance in preparing the slump sale agreement to ensure all essential aspects are adequately covered.
- Capital Gains Tax Computation: Accurately computing capital gains tax in line with the special provisions for slump sales under the income tax law.
- GST Impact Analysis: Analyzing the impact of GST laws and facilitating the smooth transfer of input credit to ensure compliance.
- Chartered Accountant’s Certificate (Form 3CEA): Assisting with the issuance of the necessary certification to comply with regulatory requirements.
- Precise Transaction Recording: Ensuring meticulous recording of transactions in line with the accounting standards adopted by both the seller and buyer.
- Adequate Agreement Stamping: Facilitating the proper stamping of the agreement in accordance with the respective state stamp Acts. Reporting to Statutory Authorities: Where necessary, handling the reporting to statutory authorities such as the Ministry of Corporate Affairs.
Business Transfer Advisory
- In the dynamic business landscape, there arise instances when one business entity must transfer its assets or liabilities to another entity. Such transfers could be driven by business reorganizations, the establishment of newly-formed subsidiaries under a holding entity, regular business acquisitions, or even cross-border restructuring.
- These transactions necessitate the execution of a robust Business Transfer Agreement, encompassing vital details of the transferred assets and/or liabilities, the terms of transfer, considerations involved, and any buyer-related restrictions.
- The proper execution of the business transfer agreement is of utmost importance. Any missteps in the process can lead to disputes between the parties involved and potential tax implications.
- At WBN consulting, our expertise in Business Transfer Advisory allows us to offer comprehensive assistance in the following areas:
- Strategizing the Transaction: We conduct a meticulous analysis to determine if a business transfer is the most suitable method under the current circumstances or if alternative options could be more favorable for your specific needs.
- Business Transfer Agreement Preparation: We provide expert assistance in drafting the Business Transfer Agreement, ensuring that all essential elements are accurately incorporated.
- Tax Planning: Our team offers effective tax planning, whether it involves computing capital gains tax or business profits, based on the unique nature of the transaction.
- Impact Analysis of GST Laws: We carefully analyze the impact of GST laws and facilitate the smooth transfer of input credit to ensure compliance.
- Obtaining Necessary Clearances: Where required, we help obtain clearances under Section 281 of the Income Tax Act to ensure regulatory compliance.
- Accurate Transaction Recording: We ensure that every transaction is recorded with precision, adhering to the accounting standards adopted by both the seller and buyer.
- Adequate Agreement Stamping: We facilitate the proper stamping of the agreement in compliance with the respective State Stamp Acts.
- Reporting to Statutory Authorities: As necessary, we handle reporting to statutory authorities such as the Ministry of Corporate Affairs, streamlining the documentation process.
How WBN consulting Can Help You
- Advisory Excellence: At WBN consulting, specialized services are rooted in advisory excellence. We diligently analyze your specific requirements, align them with industry trends and organizational standards, and offer accurate, tailored advisory solutions that empower informed decision-making.
- Comprehensive Organizational Structuring: As a fully managed service, we stand by your side from the inception of your business. From ground zero, we assist in building robust accounting systems, effective compliance management, budgeting, reporting, and strategic planning to fortify your business foundation.
- Streamlined Regulatory Management: Navigating the complex regulatory landscape can be daunting, especially for early-stage organizations. Our team of experts provides adept guidance and efficient management to ensure compliance with state, federal, and international regulatory standards, easing the burden on your business.
- Dedicated Support: Our service suite is designed to alleviate the financial and structural burdens on your organization. With a dedicated team of experts, we take care of your business needs with minimal resource or time requirements from your end, enabling you to focus on core operations and growth.
- Reliability: Since the service provider is managing the overall process of the above-mentioned service, the provider must be reliable in terms of experience, expertise, confidentiality, credibility, and ownership.
- With WBN consulting‘s specialized services, your business gains a strategic partner committed to optimizing your operations, compliance, and overall success. Trust us to be your reliable ally in driving excellence and unleashing the full potential of your organization.