Statutory Compliance In Pune
We cover many statutory acts and provide services that involve filling and submitting forms, maintaining relevant documents and records, processing taxes, being mindful of important dates, and ensuring compliance before the due date to
Why Choose Paysquare for Statutory Compliance?
Professional Timeline Commitment
We are a responsible firm that remains committed to fulfilling its responsibilities promptly and accurately. With us, you remain relieved about compliance and its repercussions, as we maintain every record and work on every statutory requirement on time.
Centralized Record Maintenance
Don’t get hassled with multiple data sources and record repositories. Deal with a single, unified and centralized data storage to have a single source of truth and search for records easily, whenever needed.
We never indulge in unethical practices to help keep our clients away from a particular consequence. Instead, we engage in ethical conduct that involves abiding by the rules and keeping everything documented.
Sound Relations with Government Authorities
We maintain sound relations with all government authorities. Our experts continuously coordinate with various government officials for follow-ups, submissions, queries, etc. They receive quick and priority responses, considering their relations and ethical code of conduct.
PAN India Coverage
We can serve you in any part of the country and not just Pune. Our PAN India coverage and state-specific compliance authority allow us to be the national statutory compliance partners of companies from various business domains. Write to us at email@example.com to learn more about our statutory compliance services. We’d be glad to assist you.
Our Success Stories
Based on our experience, we try to answer some of your questions
Statutory compliance is a legal framework that every organization needs to adhere to. Across most companies, it is observed that statutory compliance management in india has reached very important proportions Several times statutory compliance services are also called as legal compliance management.
In the area of statutory compliance management india is really taking notice and most companies are putting in place a comprehensive strategy to address their statutory compliance and legal compliance requirements. Statutory compliance management in India is not a choice but is mandatory for companies of all sizes.
There are usually statutory compliances with reference to both payroll and accounting. In terms of payroll, there are clear mandates as to PF deductions, EPF participation, Profession tax payments, TDS deductions to be made, Returns to be filed based on TDS deducted etc. Each process needs to be done within its respective deadlines and non-adherence to the same can result in penalties and fines. Every business wants to focus on their growth and does not want to get involved in managing litigations and disputes, especially when it comes to the regulatory bodies.
In several organizations, in-house staff keep track of several of these statutory compliance services, but they may not be well equipped to be doing this on a regular basis. There are several occasions where regulations change frequently and you need some expert advice to get a correct interpretation of what this change means to your company. When you work with capable companies offering statutory compliance services india, you do not need to worry about any of your compliances. All of them are taken care of and within the prescribed deadlines.
Here are some of the pertinent statutory compliances which need to take care basis on industry and segments
• Factories Act
• PF & Misc Provision Act
• ESI Act
• Minimum Wages Act
• Bonus Act
• Contract Labour Regulation and Abolition Act
• Professional Tax Act
• Shop and Establishment Act
• Labour Welfare Fund
• Maternity Benefit Act
• Payment of Wages Act
• Other Labour Regulations as applicable to the establishment
Statutory compliance management in India is not a choice for organizations. It is mandatory. Non-compliance can result in penalties and fines. As an organization, you do not want to get into the bad books with regulators. It is important to understand the clauses of different acts that you need to comply with and plan steps to implement that compliance across operations.
Planning to meet all the statutory compliances is not an easy task as regulations do change often and it is important to track the changes and also interpret what they mean for your business. Wrong interpretations often create even more confusion and leads to non-compliance.
As an organization focusing on business goals, it can be very disheartening to get pulled down by penalties, govt. notices and disputes. It is every business ownerâ€™s goals to stay away from all these complications and focus solely on their business growth. Having a capable partner like Paysquare, who can manage end to end statutory compliance services is very helpful. Business owners are then able to spend quality time on growing their business and engaging with customers.
Paysquare is one of compliance outsourcing companies in India which takes care of all statutory compliance activities required as per government norms. Paysquare also manages all statutory compliance in HR, manage TDS deductions through investment declarations and automatically calculate salaries after TDS deduction while processing payroll. In addition, it allows you to capture Challans and generate form 16 and form 24Q to manage all your statutory compliance with ease and efficiency.
Paysquare offers end to end payroll outsourcing and accounting outsourcing services. When you engage with Paysquare all of the elements involved in payroll processing are already getting addressed. Paysquare also offers statutory compliance services. If the same vendor is also managing end to end compliance services, it becomes all the more beneficial. The entire ownership of payroll and the related statutory compliances stays with one vendor.
Paysquare has been in business for over 17 years and they have a very good domain knowledge of payroll. Over the years, they have also built a lot of technology and automation to streamline payroll management and statutory compliances for its clients. When clients sign up with Paysquare, they can easily benefit from the immense domain knowledge they have in the field of payroll and statutory compliances.
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