Embed Size (px)
DESCRIPTION
Accounting and Taxation for a small and medium enterprise is a huge headache. See this presentation and find out how to address this opportunity and earn money!
Citation preview
Start your own Accounting &
Taxation Practice
By : CA Gourang ShahOperations Manager
What is Book - keeping & Taxation services
Six Major Challenges faced by SME
Businesses
Potential for providing services to SME
segment
Future of Book – keeping and Taxation
Business
The Choksi Tax Services Franchise Concept
Agenda
What is Book - keeping & Taxation service
Every business today needs someone to help them track their income
and expenses.
With bookkeeping service, you earn money by providing your services
to businesses that cannot employ an in-house bookkeeper.
It’s a business you can run from home or from a commercial location,
starting with basic office equipment, office supplies and bookkeeping
software.
If you know book-keeping starting this business may be easy. Hardest
part being creating a business plan and finding your first client.
Significance: Every business needs a bookkeeper to help keep track of
the finances, yet not every business can afford to hire a full-time
employee. Outsourcing the bookkeeping to a specialized company
saves the business money.
Taxation services: The complexity of the Income tax Act seems to
increase every year. With every amendment or change in the rules, there
is a greater demand for professionals to help average citizens puzzle
through the process.
Offer you the opportunity to profit by helping your
customers keep their financial records in order
Starting a bookkeeping and tax preparation business will
File their tax returns, and save time and money in the
process
Six Major Challenges faced by SME Businesses
Low Adoption of Technology
Lack of Trained Accountants and Professionals
High overhead costs
Fragment Market and Lack of Expertise in all fields
Max. time invested in managing their routine accounts department
Headache of managing accountants
A typical SME client business
SME Clien
t
ABC Co.VAT
Consultant
BCD Co.Service Tax Consultant
DEF Co.ROC, LLP and other company law consultant
In house Accounting
staff
XYZ Co.Income Tax &
TDS return filing
consultant
With Choksi Tax Services
CHOKSI TAX
SERVICE
In houseVAT
ConsultantIn house
Service Tax Consultant
SME Client
In houseROC, LLP and other company law consultant
In house Accounting
staff
In houseIncome Tax &
TDS return filing
consultant
Potential for providing services to SME segment and Individuals
Small and Medium Enterprises:
Need timely preparation & maintenance of their accounting
records
Can’t afford a full time accounts department but need one
Need services of expert income tax consultant but cannot afford one
Need “One Stop Shop” Solution from the professional service
provider
Need every solution related to their business requirements at one
place
Individuals
HNIs who wish to track their personal books of accounts and
investments
Professional’s like doctors, lawyers etc who wish to get their
proprietary concern books being written
Some Facts & Figures
Success Stories worth sharing
Education Institute
BPO
Franchising company
Doctors / professionals
HNIs
Trading Business Clients
Future of Book – keeping and Taxation Business
Next 10 years…..Clients get “One Stop Shop” service provider for all their
services
Clients rid of maintaining an accounting department & attrition of
accounting staff
Acting as Business advisors for SMEs giving them opportunity to
focus and grow their business
Trained and multi-supportive professionals providing advices
practically in all the fields of financial services
Why Outsourcing of Accounts
Better Quality Work
Timely delivery, achieving maximum client satisfaction
Needs no extra workforce, hence reduced human resource
management costs
Access to qualified professionals & talented accounting
team
Detailed reporting according to your need
Timely tax compliances resulting into savings in interest &
penalty
Need based trusted tax advice from experts
Attrition of accountants is managed well
At Par Technological Edge
Savings in initial set up costs of an accounting division
i.e. into computers, other related hardware, accounting
package etc.
Improves your ability to focus resources and attention on
core business processes
Gives scalability: increase of accounting work can be
handled a lot easier way
CHOKSI TAX SERVICES
FRANCHISE CONCEPT
About Us
CTS brand was born in year 2006 with a view to
cater small businesses
The brand is a part of an established group having
more than 40 years of experience in tax practice
We take pride by being India’s first full range of
accounting and tax practice service providers in the
organized / branded segment
Our Clients pay Taxes…. Not Fines, Interest or Penalties
Vision & Mission
To help bringing the renowned
expert professional attitude and
aptitude to contribute in
strengthening the overall
compliance of the nation in line
with the global scenario
CA MANAN CHOKSI
The vicious cycle of doing business:
Get new work
Hire people
Do work
How to break this cycle?
If you get complex work and not get the requisite
manpower how to deliver?
If you have manpower but not enough work to afford
the salary cost, how to grow?
Outsource the work to
CTS till you get the
scale !
The Modified cycle for doing business:
Get work
Send to CTS HO
Get more work
Hire Manpow
er
Do Work with staff
Who are we looking for?
Who are We looking
for ?
Senior Accountan
ts
MBA Finance
Commerce Graduates
(B.com, M.com)
Cas & Inter CA’s
Specific Area
practitioner
CTS HO believes that…
An accountants business grows by two important things:
To get new work
To complete that work up to client satisfaction
The faster a professional gets new work and finishes it, the faster
he progresses
CTS helps Franchises do
both
Franchise Model
CTSNational Head
Office
Franchise Office
YOU - the entreprenuer
Account Officer
Account Executive Tax Executive Admin / Office
Assistant
Franchise Office
YOU - the entreprenuer
Franchise Office
YOU - the entreprenuer
Services CTS Franchise can provide
Book Keepin
g
Direct Tax
Advisory Serices
Indirect Tax
ROC/ LLP Complianc
esPayroll
Services
VAT Consulting
Business Startup Service
Book Keeping Services
A CTS franchise can provide book keeping services to an
entrepreneur and help maintain their financial records in order
A CTS Franchise understands their accounting needs and develop
a customized solution that best suits their business
Business Startup Services
According to a survey, starting a business in India is a cumbersome
process. The competitive environment and the legal framework
makes it difficult for the new entrepreneurs to cope up with the
setting up process.
A franchise plays a lead role in helping the budding
entrepreneurs and make their startup a smooth process
Direct Tax Services
With the frequently changing tax scenario in India each year comes with a surprise. Being a CTS franchise you can manage your taxes with ease. Services provided :
PAN / TAN application
Preparation of annual Income Tax Returns and filing
Advance Tax computation
Tax payments facilitation
Application for Lower deduction of tax
Personalized consultation on tax matters
Indirect Tax Services
With the government shifting focus from direct taxes
to indirect taxes they have become important like
never before.
CTS franchisee can assist in providing Sales Tax and
Service tax consulting and compliances. This
combined with your accounting and direct tax
expertise helps enterprises with the much needed tax
efficient services.
Other Services
e-TDS/TCS return preparation and filing
Drafting of partnership deed and HUF deed
Registration with ROF (registrar of firms)
IEC (Import Export Code) application
Professional Tax
Registration of Employer’s & Employees Professional Tax with Municipal
Corporation
Facilitation monthly/ quarterly Professional tax payments
Company Law compliances (ROC related)
Top 10 Reasons to take up a CTS Franchise
Most franchise opportunities have a revenue sharing arrangement
which over time becomes a cost bigger than the initial investment
Our Financial Model : -
Initial Franchise fees
Rs. 1,00,000/- with franchise rights for 5 years, with an option to
renew the same at the end of the term with the same amount
Continuing franchise fees
Rs. 5,000/- per month per office which shall start after 90 days of
date of signing of agreement
1st Fixed fees model: Don’t share your revenues
Our unique business model allows you to ensure that you are in the
business for yourself as you have unlimited growth potential and you
are not necessarily doing everything independently.
The National HQ and other franchise offices as and when they get
established are a constant support to grow your business.
2nd Be in Business for yourself, not by yourself
Technical Support : Our support centre ([email protected]) will provide you assistance on all business related problems to be able to help you to grow your business. You will never need to say NO to a client for your lack of information on the subject.
Training Support :Induction Training : On enrolling as a franchise, the owner and its staff shall get induction training for a period of 4 days at the Ahmedabad Centre office
Training on standardized working on accounting software Tally shall be
provided
Training for routine taxation dues and their manner of filing shall be given
Training on lead generation techniques for running the business shall be
thought
Online Training: On a regular time to time basis, online training shall be given on various technical aspects and updates from government on various regulatory norms shall be given to all the offices
3rd Support Centre
Accounting and tax software that we use like Tally and Kitret have their own intricacies/ complexities and their support team is not necessarily well equipped to handle the queries that practicing accounting executives face. CTS HO provide the necessary functional training on such accounting & tax software's.
4th Get support on Technology which your vendor cannot provide
Brands are built on the basis and quality of service that they are able to provide. A common brand name being used by multiple franchise offices across the country ultimately builds a platform for us to position ourselves as the accounting experts of choice. It is difficult for individuals to build a brand but several individuals working for a common brand do successfully create a big brand.
Domain Expertise as a result of more than 100 years cumulative experience in hard core CA practice
Continuous brand building through: Print Media Flyers Social Media Seminars
5th Common Brandname -
Print Media
Flyer
Social Media
SeminarsDelhi
Ahmedabad
Training has always been an issue within our industry. Although training on a lot of technical matters is available, it is generally knowledge-based which does not have any direct impact to your revenues. It is essential that we are able to combine the resources of various people across the country and use them to be able to help your business grow
Two streams of training we provide:
Choksi Referral System: how to grow your business through your referral network
Choksi Operations System: how to efficiently provide service to customer
6th Result Oriented Training -
Network of collaborative offices spread over the country help you to provide services to companies across geography and across their business requirements. A combination of local and national knowledge gives the right competitive edge for each one of us to grow.
Specialization opportunity can give you Revenue Streams on
1. Book Keeping services
2. Direct Tax compliances
3. Indirect Tax compliances
4. Business Startup services
5. ROC compliances
6. Payroll services
7. Reference from experts within network
7th Network of Offices over geography & Specialization Opportunity -
Various means of marketing and advertising are available in the market today. Any entrepreneur faces a challenge on deciding where to spend and where not to spend.
Our proven lead generation methods have successfully helped us grow the business many times over.
8th Proven Lead Generation Techniques -
CTS franchise aims to be a single point of contact for all the accounting, taxation & compliance solutions of any enterprise/ individual.
It is very important that a businessman has an agency which can cater to financial needs of the business under one roof so that he can focus on what is most important – running his business.
9th One – Stop - Shop -
Be it a growing economy or a shrinking economy, accounting business shall always be the need of the hour for the successful running of any business.
This is still a very unorganized sector with immense potential to grow; and hence making it a right time to invest in CTS franchise.
10th Because you Still can !
SELECT YOUR PATH TO A CTS FRANCHISE BY…
Clearing Aptitude Test
Visiting CTS Head Office
Understanding Terms and Conditions of the Franchise Agreement
Signing up the agreement and paying of Initial Franchise Fees
Undertaking Induction Training program at the HO
Opening the CTS Franchise Office
Build relations and grow your business !
Office Space Requirement – Minimum 300 sq ft
Office Equipment Requirement –
2 computers with Scanner/ Printer
High Speed Internet
Land Line
Adequately furnished
Each Office is independently owned and operated; giving you the right amount of flexibility to grow your business
Other Requirements
Territorial rights: Each franchise office will get a territorial right 2 km radius (line of sight) from his office
Website presence: Each franchise office will get contact details on our website and also get 5 CTS email ID per office
Key deliverables to CTS Franchise office: Franchise opening manual Franchise startup kit Soft copy of all marketing material Franchise operating manual Email ID on CTS domain Your own office page on CTS website Office posters CTS Pins and Mug
OUR FRANCHISE GETS…
To know more about CTS franchise and for a personal appointment, please fill Expression of Interest form
For more information on the CompanyWrite us to [email protected]
Feedback We value your feedback. Please email us your feedback to [email protected]
To Speak to or Meet a RepresentativeCall on +91 9909015009 or email to [email protected]
OUR TOLL FREE NO. - 1800 – 123 – 2100 Visit Www.choksitax.com
THANK YOU
