Startup Advisory
Startup Advisory for revenue-generating businesses
Once a startup begins to earn revenue, the questions change. Which registrations apply? What must be filed, and how often? How should the accounts be kept so that tax, GST and any later conversation with a bank rest on sound records?
Akash Agarwalla & Co. helps founders answer these questions in an orderly way, and continues with the accounting and compliance as the business grows.
This service is for startups with real operations and revenue. It covers accounting, taxation and compliance. It is not a fundraising or valuation service.
Common situations
Situations where startups usually need a Chartered Accountant
- The business has been incorporated or registered, and the founders are unsure what comes next.
- Revenue has started and invoices are going out, but GST and TDS have not been looked at carefully.
- Accounts are kept in spreadsheets or by a part-time helper and need a clearer structure.
- Compliance has been handled informally by a co-founder or a family member.
- The business has begun paying vendors and professionals, and TDS questions have started to appear.
- A bank or another party has asked for financial statements or supporting documents.
Services
What the firm can help with
- Business formation and related registrations, including MSME registration where applicable
- GST registration and monthly GST compliance
- TDS compliance
- Accounting set-up and ongoing bookkeeping
- Entity-related and statutory compliance after incorporation, including annual ROC filings where they apply
- Taxation and financial guidance relevant to the business, within the firm's expertise
- Financial documentation for loan and credit applications, where the assignment is suitable
The services included in your engagement depend on what the business needs and what is agreed.
Fit
Who this may suit
The service may suit founders, co-founders and promoters of early-stage businesses that:
- have started operating and earning revenue, or have a credible operating model;
- want accounting and compliance handled properly from the early stage;
- would like continuing support as the business develops, rather than a single filing.
Startups that have not yet started operating can still enquire about formation and registration. Startups come in many forms — the firm works with product, service and trading businesses, whether or not they are funded by outside investors.
Approach
How the firm approaches a startup engagement
- 1
Initial discussion
Akash learns what the business does, how it earns revenue and what is already in place.
- 2
Identify what applies
Registrations, filings and records the business needs are listed and explained in plain language.
- 3
Set up the accounts
A workable system for invoices, bank statements and expense records is agreed, so the books stay current.
- 4
Agree a compliance routine
GST, TDS and other recurring filings are scheduled within the agreed scope.
- 5
Review as the business grows
As operations change, the arrangement is reviewed and adjusted.
Information
What information may be needed
You do not need to send documents with your enquiry. The form asks only for a short description. Once the scope is discussed, the firm may ask for some of the following:
- Name of the business and its legal form
- Incorporation or registration details, if already registered
- PAN, GST and TAN details, if available
- A short description of the business and how it earns revenue
- Sample sales invoices and recent bank statements
- Details of any notices or communications received from authorities
- Name of the person authorised to discuss the matter
Questions
Questions founders ask
Enquiry
Discuss your startup's requirement
Describe the business and what you need. Akash will review your enquiry and the firm will get back to you.