Service We Provide

Accounting

Accounting builds on the foundation laid by bookkeeping and involves: 

Our Accounting Services includes:

• Summarizing, interpreting, and communicating financial information derived from the recorded transactions. 
• Preparing financial statements (such as the balance sheet, income statement, and cash flow statement) that reflect the financial position and performance of the business. 
• Analyzing financial data to assess the financial health of the business, identify trends, and make informed decisions. 
• Providing financial reports to stakeholders; including management, investors, and regulatory authorities.

Setting up a business

Setting up a business involves several key steps and services, especially when it comes to company incorporation and related services. Handling the paperwork and procedures required to formally register the business entity with the relevant government authorities. 

Our Company incorporation and services related to setting up of business includes:

• Incorporation of Company in Nepal;
• Setting up a Joint Venture in Nepal;
• Regulatory Compliances for Businesses in Nepal;
• Company law compliances such as registrar filing, etc.;
• Intellectual Property Rights (IPR) viz., Patent, Trademark, Copyright, etc. registration.

Direct & Indirect Taxes

Our tax and regulatory services optimize clients' tax efficiency, ensure compliance with laws and regulations, and mitigate risks associated with taxation and regulatory changes.  We combine our core values of professional ethics and standards with knowledge and expertise in understanding the clients’ need of the tax services in a complex and unique business circumstances.

Our tax and regulatory services include: 

• Registration to VAT, PAN, etc.;
• Value Added Tax (VAT) monthly return filing;
• Income Tax Return (ITR) & advance tax filing for individuals and corporates;
• Tax compliances for Non-resident Nepalese;
• Return filing and regulatory compliances relating other taxation regulations.

Retirement Solutions

 Retirement solutions refer to the strategies and financial plans individuals or organizations adopt to secure income and financial stability during retirement years. 

Our retirement solutions includes:

1.  Pension Plans:  
   • Defined Benefit Plans: Offer a fixed, pre-established benefit based on factors like salary history and years of service.
   • Defined Contribution Plans: Contributions are made into individual accounts, with benefits based on the amount contributed and investment performance.
2.  Annuities: 
   • Insurance products that provide regular payments to an individual, typically for the rest of their life or for a specified period. Annuities can be immediate (payments start right away) or deferred (payments start at a future date).
3.  Social Security: 
   • Government-administered program providing income to eligible individuals during retirement. Benefits are based on earnings history and age at retirement.
4.  Long-Term Care Insurance: 
   • Insurance coverage that helps cover costs associated with long-term care needs, which can be a significant expense during retirement.
5.  Continued Employment or Entrepreneurship: 
   • Some individuals choose to work part-time, consult, or start a business during retirement to supplement income and stay engaged.

Choosing the right retirement solutions depends on factors such as individual goals, risk tolerance, income needs, and financial situation. It's essential to regularly review and adjust retirement plans as circumstances change to ensure financial security during retirement years.

Book-Keeping

Bookkeeping is foundational processes in managing the financial health of businesses.

Bookkeeping involves the systematic recording of financial transactions. 

Our Book-Keeping Services includes:

• Recording financial transactions such as sales, purchases, receipts, and payments. 
• Classifying transactions into appropriate categories (e.g., assets, liabilities, revenue, expenses). 
• Maintaining accurate and up-to-date financial records through journals and ledgers. 

Payroll Management

Payroll management involves the administration of employees' financial records, including salaries, wages, bonuses, deductions, and taxes. It's a crucial function within any organization to ensure employees are paid accurately and on time. 

Our Payroll Management Service includes:

1. Salary Calculation:  Determining employees' compensation based on factors like hours worked, rates, bonuses, and commissions. 
2. Deduction and Taxes:  Withholding and managing deductions such as income tax, social security contributions, healthcare premiums, and other benefits. 
3. Compliance: Ensuring adherence to local, state, and federal labor laws and tax regulations.
4. Payment Processing:  Executing payments through direct deposit, checks, or other methods as per the organization's policies. 
5. Record-Keeping:  Maintaining accurate records of employee earnings, deductions, and other payroll-related information. 
6. Reporting:  Generating reports for management, accounting purposes, and tax filings. 
7. Communication:  Addressing employee queries regarding payroll, deductions, and taxes.