oswalakhani

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Accounting and Financial Management

Preparation of Financial Statements

Customized Financial Statement Design

Tailoring financial statements to align with specific industry requirements or stakeholder needs

Compliance and Standards Consulting

Ensuring adherence to regulatory standards like IFRS, US GAAP, or Indian Accounting Standards (Ind AS)

Consolidation & Reporting

Assisting with the preparation of consolidated financial statements for group entities.

Automation Consulting

Implementing tools to automate financial statement generation.

Management Reporting

Providing insights into financial performance for decision-makers.

Bookkeeping and Ledger Maintenance

Cloud-Based Bookkeeping Implementation

Migrating traditional bookkeeping to cloud platforms like QuickBooks, Xero, or Tally.

Standardization of Accounting Practices

Developing uniform ledger templates and processes for multi-location businesses.

Periodic Financial Reviews

Conducting regular reviews to ensure ledger accuracy and compliance.

Accounts Reconciliation Consulting

Ensuring accurate reconciliation of bank accounts, vendor accounts, and intercompany transactions.

Real-Time Bookkeeping Integration

Integrating real-time systems for continuous ledger updates.

Financial Forecasting, Budgeting, and Cost Management

Strategic Financial Forecasting

Providing long-term projections aligned with business growth goals.

Zero-Based Budgeting Consulting

Assisting businesses in resetting budgets from scratch to optimize cost control.

Variance Analysis

Regularly reviewing actual vs. budgeted performance to identify improvement areas.

Cost Optimization Strategies

Identifying cost-saving opportunities without compromising operational efficiency.

Scenario Planning

Modeling financial outcomes under different economic or operational conditions.

Break-even and Profitability Analysis

Dynamic Break-even Modeling

Designing flexible break-even models that accommodate changing variables.

Product/Service Profitability Analysis

Identifying the profitability of individual offerings to optimize portfolios.

Margin Improvement Consulting

Advising on strategies to enhance gross, operating, and net profit margins

Cost-Volume-Pr ofit (CVP) Analysis

Helping businesses understand the interplay between costs, revenue, and profits.

Operational Efficiency Audits

Assessing processes to improve profitability through cost management.

Long-term Financial Strategy Development

Capital Structure Optimization

Advising on the optimal mix of debt, equity, and internal financing.

Investment Roadmap Development

Creating plans for strategic investments and asset growth.

Business Model Innovation

Reassessing and redesigning financial models to adapt to market trends

Risk Mitigation Strategies

Identifying financial risks and proposing countermeasures.

Sustainable Growth Planning

Aligning financial strategies with ESG (Environmental, Social, Governance) goals for long-term viability.

Audit & Assurance

Faciliatation for statutory, Internal and Tax Audit

Industry-Specific Audit Consulting

Tailoring audit processes for industries like manufacturing, retail, IT, or financial services.

Regulatory Compliance Audits

Ensuring compliance with sectoral regulations (e.g., Companies Act, SEBI, or RBI regulations).

Tax Audit Preparation & Optimization:

Guiding organizations to minimize tax risks and ensure compliance with local tax laws.

Audit Process Automation

Implementing tools and technologies to streamline statutory and internal audit procedures.

Management Audit Advisory

Conducting detailed internal audits to evaluate operational efficiency and governance practices.

Forensic Audits for Fraud Detection and Prevention

Fraud Risk Assessment

Evaluating areas susceptible to fraud and proposing preventive strategies.

Digital Forensics Consulting

Using technology to trace fraud in financial transactions and digital systems.

Whistleblower Policy Advisory

Assisting organizations in creating robust whistleblower mechanisms

Fraud Response and Recovery Plans:

Developing strategies for mitigating and recovering from financial frauds

Data Analytics for Fraud Detection

Leveraging advanced data analytics to identify anomalies in financial records

Risk Assessment and Compliance Reviews

Enterprise Risk Management (ERM) Consulting

Designing and implementing risk management frameworks across business functions.

Compliance Gap Analysis

Identifying gaps in compliance with regulatory standards and offering corrective actions.

Cybersecurity Risk Audits

Assessing IT systems to identify vulnerabilities and ensure data security compliance.

Third-Party Risk Assessments

Evaluating risks posed by vendors, contractors, and partners.

Operational Risk Consulting

Assessing and mitigating risks arising from internal processes, human error, and external events

.Information Systems Audits

IT General Controls (ITGC) Reviews:

Ensuring robust IT governance, access controls, and system reliability.

Application Controls Testing

Evaluating the effectiveness of controls in enterprise applications like ERP or CRM systems.

Data Privacy Compliance Reviews

Ensuring adherence to regulations like GDPR, CCPA, or India’s DPDP Act.

IT Infrastructure Security Audits

Assessing hardware, networks, and software for vulnerabilities and compliance.

Cloud Security and Compliance Advisory

Reviewing and advising on security in cloud-based environments.

Taxation Services

Income Tax and GST Compliance, Planning, and Filing

Customized Tax Planning for Businesses

Designing tax-saving strategies specific to industries or company structures.

GST Reconciliation and Return Automation

Implementing tools to simplify GST reconciliation and automate filings.

Advance Tax Advisory

Assisting in estimating and managing advance tax liabilities

E-Invoicing and GST Audit Support

Ensuring compliance with e-invoicing mandates and providing GST audit support

TDS Management and Compliance

Assisting businesses in adhering to tax deduction and collection at source requirements

Representation Before Tax Authorities and Tribunals

Litigation Support for Tax Disputes:

Preparing and representing clients in income tax and GST-related disputes.

Tax Notices Resolution Advisory

Assisting clients in responding to and resolving tax notices effectively

Appellate Tribunal Representation

Representing clients in appellate tribunals and ensuring proper documentation

Facilitation of Settlement Schemes

Advising on and handling tax amnesty or settlement schemes

Audit Representation and Negotiation

Acting as intermediaries during tax audits and negotiations with authorities.

Tax Structuring for Expatriates and NRIs

Global Tax Compliance for NRIs

Ensuring compliance with Indian and foreign tax regulations for non-resident Indians

Income Repatriation Planning

Advising on tax-efficient methods to remit income back to India.

Expatriate Taxation Consulting

Structuring salaries and benefits for expatriates to optimize tax liability

Double Residency Avoidance Consulting:

Providing guidance to avoid dual residency tax complications.

Tax Implications on Foreign Investments

Advising NRIs on tax liabilities related to Indian investments

Advisory on Cross-Border Taxation and Double Taxation Avoidance Agreements (DTAA)

DTAA Utilization Planning

Helping businesses and individuals claim benefits under DTAA agreements

Transfer Pricing Documentation and Compliance

Ensuring compliance with transfer pricing regulations and preparing requisite documentation.

Cross-Border M&A Tax Advisory

Structuring mergers and acquisitions for optimal tax efficiency

Withholding Tax Advisory

Guidance on withholding tax compliance for cross-border transactions.

Global Mobility Tax Consulting

Advising businesses on tax implications of employee mobility across borders.

Excise Duty and Customs Advisory

Customs Duty Optimization

Advising on minimizing duty liabilities through classification and valuation strategies

Import/Export Regulations Compliance

Ensuring adherence to India’s import-export regulations and documentation

Free Trade Agreements (FTA) Advisory

Helping businesses leverage FTAs to reduce customs duties.

Indirect Tax Litigation Support

Representing clients in disputes related to excise or customs duty.

Supply Chain Tax Optimization

Advising on tax-efficient supply chain structuring to reduce customs costs.

Compliance & Legal Advisory

Company Incorporation & Registration Advisory

Entity Selection Guidance

Assistance in choosing the appropriate business structure (e.g., Proprietorship, LLP, Pvt. Ltd., Public Ltd.).

Incorporation Documentation

End-to-end support for drafting and filing incorporation documents with regulatory bodies.

Startup Compliance Packages

Specialized packages for startups covering incorporation, registrations, and initial compliance.

Secretarial Compliance Management

Statutory Filings & Maintenance

Regular filing of statutory forms with the Ministry of Corporate Affairs (MCA).

Annual Compliance Calendar

Creating and managing compliance schedules to avoid penalties

Corporate Governance Frameworks

Implementing governance structures to meet board and shareholder expectations.

Legal Documentation Drafting & Review

MOA & AOA Customization

Drafting tailored Memorandum of Association (MOA) and Articles of Association (AOA) to meet specific business needs.

Shareholder and Partnership Agreements

Preparing legally sound agreements to protect stakeholder interests.

Contract Review Services

Reviewing legal contracts to identify risks and ensure compliance.

Regulatory Compliance (RBI, FEMA, SEBI, and FDI)

FDI Approvals & Structuring

Assisting foreign investors in meeting FDI requirements and securing approvals.

FEMA Compliance Advisory

Managing compliance for cross-border transactions, foreign investments, and repatriation of funds

SEBI Compliance for Listed Entities

Advising listed companies on SEBI reporting and regulatory mandates

RBI Reporting and Approvals

Filing and managing applications and returns with the Reserve Bank of India for NBFCs, external borrowings, etc.

Litigation Support and Dispute Resolution

Representation in Legal Disputes

Handling cases in tribunals, courts, and arbitration panels.

Pre-Litigation Risk Mitigation

Conducting reviews to reduce litigation risks through effective advisory

Alternative Dispute Resolution (ADR)

Facilitating out-of-court settlements through mediation and arbitration services.

Customs & Indirect Taxation

Advisory on Customs Duty and Import/Export Regulations

Customs Compliance Advisory

Guiding organizations on customs laws, duties, and procedures to ensure compliance and avoid penalties.

Tariff Classification and Valuation

Assisting with the accurate classification and valuation of goods under customs regulations.

Import/Export Documentati on Support

Preparing and verifying shipping documents, including bills of entry, shipping bills, and certificates of origin.

Duty Optimization Strategies

Identifying exemptions, refunds, and preferential trade agreements to minimize customs duties.

Free Trade Agreement (FTA) Advisory

Advising on leveraging FTAs to reduce tariffs and simplify cross-border trade

Customs Audits and Health Checks

Conducting audits to identify gaps in customs compliance and recommending corrective actions.

Representation Before Indirect Tax Authorities

Litigation Support

Representing clients in disputes or appeals before customs, excise, and GST authorities.

Dispute Resolution

Advising on resolving disputes related to classification, valuation, and eligibility for tax credits

Regulatory Advocacy

Liaising with tax authorities for clarifications, rulings, and administrative relief.

Advisory on Show Cause Notices (SCN)

Providing guidance on responding to notices from tax authorities, ensuring compliance and effective defense.

Tax Refund and Rebate Claims

Assisting businesses in claiming refunds or rebates on overpaid taxes or duties.

Compliance with Advance Rulings

Helping clients seek advance rulings to clarify tax positions and minimize litigation risks.

Excise Duty and Industry-Specific Tax Analysis

Sector-Specific Tax Advisory

Offering tailored advice on excise duty implications for industries such as manufacturing, energy, and FMCG.

Excise Duty Compliance

Assisting in the preparation and filing of excise returns and maintaining records as per statutory requirements.

Supply Chain Tax Optimization

Identifying opportunities to streamline supply chain operations for tax efficiency

Tax Impact Assessment

Evaluating the financial impact of changes in excise duties or indirect tax laws on business operations.

Indirect Tax Planning and Restructuring

Advising on restructuring transactions to optimize tax liabilities across the value chain.

Training and Capacity Building

Conducting workshops and training sessions for employees to understand excise and indirect tax compliance requirements.

Litigation & Tax Dispute Support

Representation in Appellate Tribunals and Courts

Drafting Legal Submissions

Preparing comprehensive submissions, petitions, and appeals for tax litigation cases.

Representation Before Tax Authorities

Advocating on behalf of clients in appellate tribunals, high courts, and the Supreme Court for tax disputes.

Pre-Litigation Advisory

Offering guidance to resolve disputes before escalating to formal litigation through alternative dispute resolution mechanisms.

Settlement and Negotiation Support

Assisting clients in negotiating settlements with tax authorities under schemes like the Income Tax Settlement Commission or similar forums.

Litigation Strategy Development

Crafting a robust strategy based on case law, precedents, and a detailed analysis of the facts and applicable statutes.

Expert Witness Coordination

Collaborating with financial and legal experts to strengthen the case during litigation proceedings.

Handling Complex Tax Investigations and Audits

Tax Audit Management

Assisting businesses during tax audits by compiling necessary documentation and providing accurate responses to tax authorities.

Investigation Support

Conducting internal investigations to identify potential non-compliance or irregularities before official audits.

Regulatory Inquiry Assistance

Handling inquiries or summons from authorities such as the Income Tax Department, GST authorities, or customs officials.

Tax Risk Assessment

Analyzing risk areas in tax compliance to prepare for potential investigations or audits.

Voluntary Disclosure and Rectification

Advising on voluntary disclosure programs to rectify errors or omissions in prior tax filings.

Audit Trail Development

Ensuring traceability and transparency in financial records to address complex audit queries.

Why Choose Us

We Keep Your Business Safe & Ensure High Availability

At Oswal Akhani & Associates LLP, we go beyond numbers—we provide strategic financial solutions tailored to your business needs. With a focus on expertise, innovation, and client satisfaction, we ensure compliance, efficiency, and growth at every step of your financial journey.

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Expertise & Experience

Our team of seasoned professionals brings years of experience and deep industry knowledge, ensuring accurate and reliable financial solutions tailored to your business goals.

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Client Satisfaction & Trust

We build long-term relationships based on trust, transparency, and personalized service, making client success our top priority.

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How We Work

Our Proven Approach

At Oswal Akhani & Associates LLP, we follow a structured and strategic approach to deliver accurate, efficient, and customized financial solutions for our clients.

Understanding Your Needs

Strategic Planning & Analysis

Implementation & Compliance

Continuous Monitoring & Improvement