R K & Associate

Global - Book Keeping, Taxation & FINANCIAL
Services

Why - R.K. & Associate

R.K. & Associate is a Professional services organization with prime objective to become the most preferred bookkeepers, accountants and financial planning experts for all our clients globally.

With more than 8 years of experience in book keeping & accounting for clients across the globe and a team committed to add value to the accounting function of a business set up, we look ahead to be a part of your SUCCESS STORY from the beginning!

The key leadership team at R.K. & Associate is fore fronting the cause to assist startups and growing enterprises like yours in a way that the enterprise’s resources can be most efficiently utilized towards the growth of their businesses. Outsourcing the accounting and finance functions to us off takes your responsibility of managing the book keeping – accounting activities. Getting this job done from subject matter experts shall save on time and cost at one hand and also help you get quality accounting and reporting services.

In our engagements we make sure that the business logic of the transaction flows of your enterprise are clearly understood and applied in a way that meaningful analysis can be put on records for future budgeting and other financial planning references.

With experience and team well equipped with the technical skills to perform the various accounting and finance function roles, we have developed specialization in performing:

QuickBooks (all versions) Accounting, Peachtree Accounting, Quicken Home Accounting, Sage Line50 Accounting, MYOB (all versions), XERO Accounting, Accounting in Tally, Invoicing, Inventory Management, Payroll Management.
Tax computations using Intuit ProSeries, Intuit Lacerte, preparing and e filing of U.S. Tax Returns, U.K. Tax Returns, T1 & T2 tax returns and Australian Tax computations for both individual and business enterprises.
Trend analysis, Ratio analysis, Variance analysis on Financial Statements – Income Statement and Balance Sheets; comparison of yearly financial performances; reconciliations of bank accounts, credit card and PAYPAL accounts;
Budgeting and creation of Financial Model in excel depicting Projected Financials / Cash Flows based on key business variables used as assumptions
Other transaction processing and back office related job for overseas as well as Indian clients.

What Separates us

Specialized in offering customized solutions
Ready and timely access to financial reports
Not just limited to book keeping – Get insights on the key business trends as well
Get a Dedicated team for your project – working on internationally accepted working models
Provision of Electronic back up for your accounting related documents

We believe in building long term business association with all our clients and be a part of their Success Stories all throughout!

Hire Accounting Expert in India For startups and small medium businesses – Call & Whats app +91-9810177153 & +1(567)269-1646 or Mail: info@rktaxindia.com - We provide free initial expert consultations in select United State cities Columbus, Toronto, Washington, Louisville, Indianapolis, Chicago, Detroit, Ohio.

Book Keeping, Accounting & Financial
statements

The accounts & finance function of an industry arrangement are escalating being looked upon as a cost unit as it is being considered as non – core and a comparatively dull part of all the business processes / roles.

Keeping record of financial transactions up to date via Book keeping Service India is also significant as it assists in performing sufficient & standard performance analysis, plan and carry out the way ahead and for taxation linked matters.

We at R.K. & Associate realize the importance of being updated with accounting and are here to provide you with internationally accepted accounting & book keeping outsourcing services which can be utilized for various internal decision making and reporting purposes.

We are providing book keeping outsourcing services to business setups in the US – UK – Europe - Canada – Australia – India and other countries of the world at the most competitive and affordable rates.

For a relatively smaller / mid – sized business with limited availability of staff and resources it is advisable to opt for book keeping outsourcing services and accounting function to subject matter experts at lower costs as this shall enable the business owner to offload the book keeping responsibility to a third party at one end and save him time to be utilized for other functional processes directly related to the business growth.

Book keeping outsourcing services shall benefit the organization from accurate and timely turnaround of processing business transactions. This would also lead to timely analysis of the financial health of the business at appropriate times so that there are no last minute surprises. We offer Book keepingServices India and across the entire world.

BOOK KEEPING, ACCOUNTING & FINANCIAL STATEMENT Services

Depending upon your requirements and our recommendation on the same, you can choose from a wide variety of accounting and book keeping service India that we have been providing to our clients.

Setting-up Accounting Software and Chart of Accounts
Charting of accounts
Maintenance of accounts
Balance sheet management
Accounts Receivable services
Accounts Payable services
Preparing customer / vendor ageing reports
Reconciliation services – Accounts, Bank, Credit Cards & PayPal

Preparation and computation of “Sales & Use” tax for US based clients
Computation and preparation of VAT returns for UK and Book keepingServices for India based clients
GST accounting for Australia and Canada based clients
Invoicing services
Preparing Financial Statements adhering to Generally Accepted Accounting Principles (GAAP)
Preparing and formatting Income Statement and Balance sheets on a regular basis
Preparing Cash Flow Statements

accounting softwares:

Quickbooks (All versions)
Excel
Peachtree
Wave

Netsuite Accounting
Sage Accounting
XERO
Buildium

In addition to the above mentioned book keeping service India being provided to business set ups we are also giving our best to come out with innovating accounting / book keeping customized reports to assist you further in performing an in – depth analysis of the performance of the various business units. Most commonly used accounting softwares used by our Bookkeeping team include:

Sales reports : Reporting on sales providing breakup / analysis by the key business segments, their trends as compared to previous periods, region wise breakup and on other key parameters depending upon case to case.

Customer-reports : Analysis and reporting on customers and their transaction summary formatted in a way that helps you understand individual customer’s contribution to sales and their payment history with ageing analysis.

Employee-reports : We can tailor and generate employee reports for specific periods to analysis their costing – business unit wise and a quick comparison on their productivity linked to hours / days worked for certain period ends to assess their learning curve and keenness to take initiatives.

Expense-categorization-reports : We can help you access the profitability of various business units by categorizing and pulling in relevant revenue and expense heads from the top level financials. This can be also analysed with previous period’s performance to understand the performance over a long period of time which would ideally assist you take informed decisions.

We have been providing accounting and book keeping services India and global clients from years and this has helped us gain a competitive advantage which can leveraged and utilized by our customers in getting end to end financial and accounting support at substantially lower cost.

By outsourcing the book keeping service India and accounting role, you can save up-to 40-50% of your book keeping related costs which can be used to invest in other segments of business operations. The time saved can also be utilized on core business functions thereby overall leading to a win – win situation for both the business enterprise and the stakeholders.

Payroll Management

Payroll Processing Services

Calculating employee’s wages and deductions, keeping updated with tax law changes and correcting payroll errors is a challenging and time consuming process that requires structured accounting and administrative process and outstanding execution skills to ensure accuracy and timely processing of weekly / bi â€“ weekly / monthly payroll

Why would you Outsource Payroll Processing services?

Outsourcing payroll accounting & processing services shall enable you concentrate on your primary goal of growing your business. Outsourcing payroll related services shall generate substantial cost savings and improves your focus on core business functions. Released bandwidth of available resources can be utilized else were in other business activities.

Outsourcing payroll accounting shall also assist in fast completion of the payroll processing as the favorable time difference between India and other countries like US / UK and other European countries can be used to complete work fast as this time difference allows us to work while you sleep.

At R.K. & Associate , we focus on end-to-end offshore payroll accounting, tax administration and reporting service to relieve you of routine administrative & payroll accounting tasks. Since our core competency is to manage outsourced payroll accounting and its processing, you can be confident that your payroll and tax filing will be computed accurately and will be delivered on time. Outsourcing payroll services to us will effectively reduce the cost of performing such function in-house by 50-60%.

Payroll Accounting & Processing services

Electronic data entry including timesheets and computation of overtime, commission and bonuses.
Generation of timely payroll reports.
Preparation of tax returns
Pay slip management and generation.

PAYE deductions/ employee insurance and net pay calculations.
Annually and quarterly tax returns.
Other required payroll reporting including 940s and 941s reporting of W2 and W4

Following Softwares are used to ensure that we provide our payroll processing customers with fast and accurate services:

Quickbooks Payroll
Excell
MYOB Payroll

Accountix
PayChex
Other customized Payroll software’s

Top 5 benefits of Outsourcing Payroll Accounting and Processing

Up-to-date management of payroll related information – payroll data entry, payroll data processing and updation
Free yourself from IRS penalties.
Be assured of about accurate payroll tax calculations
Access to efficient process defined payroll administration

Tax Services

Tax Preparation Services

Today, Tax preparation and Tax return processing services is being increasingly outsourced to Indian accounting and tax processing firms by CPAs, Accounting Firms and Business houses across the globe to minimize their overheads and to gain from operating efficiency and competitive advantages.

Our team is well experienced and has been doing tax computation and e-filings for clients from different countries including US - Canada– UK – Europe – Australia and India.

We at R.K. & Associate could assist you with customized tax return preparation services. Our experience of working on widely accepted tax software’s like Lacerate, Turbo Tax, Ultra Tax, Pro Series etc would places us at top of our competition in the segment. We have developed in-house capability to handle tax return preparation both for individual and corporations.

Tax Returns

Form 1040 - Individual tax return
Form 1116 - Foreign tax Credit
Form 1120 - Corporate tax return
Form 2555 - Foreign Income Exclusion
Form 8833 - Treaty Based Return
Sch A - Itemized Deductions
Sch B - Interest and Dividends(Up to 5 accounts)
Sch D - Capital Gains and losses (Up to 2 accounts)

Wide range of Taxation Services offered to clients across US - Canada – UK – Australia and other countries include:

QuickBooks (and its add-ons)
Peachtree
XERO (and its add-ons)

How to justify outsourcing tax return preparation services to R.K. & Associate?

Our tax preparation service offering could assist practicing tax advisers and CPA firms in managing time more efficiently especially during peak seasons. Also, this association could help them focus more on the core profession requirements of managing clients and wining business.

We are continually holding training sessions for our taxation team to keep them abreast with the recent taxation related laws applicable for the relevant assessment years. This ensures ‘on – the – job’ efficiency and takes away the fear of last minute surprises thereby ensuring meeting of deadlines and efficiency in work.

We have tie-ups with experienced CPAs and other practicing Accounting firms who act as our Mentors for any critical tax assessment. We are flexible and open to take guidance from experts in case a need arises. Our access to such experienced experts also enables us keep ourselves updated on the various taxation matters required to be used from time to time while processing a taxation return.

Our Tax return services include preparation of taxation returns for clients based out of US – UK – Europe - Canada and Australia. We are providing these services successfully from last 6 years to the following assesses from different countries:

Individuals
Partnerships
Non Profit, estates and gift tax

Corporations
Fiduciaries

There rests decent amount of benefits in respect of cost savings on outsourcing tax preparation services to an offshore location?

We could assist you with such Tax Returns preparation at an average saving of 50% of the normal cost which you would have incurred, otherwise.

As mentioned, off shoring these services would not only result in substantial cost savings but would also help you plan your practice better and maintain a more efficient client management system.

By outsourcing tax preparation services to R.K. & Associate in India, you can save on costs and get an additional marketing edge to win new clients and customers.

Pricing

FINANCE AND ACCOUNTING SERVICES

Are you paying formidable sums of money for a bookkeeper or an accountant? Now you can drastically cut costs by simply outsourcing book keeping, accounting and other finance and accounting services to Flatworld Solutions. Instead of spending a huge sum of money on a non-core business function like book keeping, you can channel your time, effort and money into building up your business.

Flatworld Solutions can provide you with expert finance and accounting services at an affordable cost. Our pricing is economical yet flexible, enabling your company to save on the high cost of professional book keeping and accounting.

Customized pricing structures

As a valuable customer, you can choose a pricing plan according to your specific business requirements. Our pricing structure is based on the number of required hours and the nature of the financial project. You can opt for any of the following:

Pay for part-time financial experts

If you only need a part-time bookkeeper or financial accountant, you can sign up for a part-time financial expert who can attend to your business needs for about 80 hours a month. We offer our customers a low-cost monthly billing pricing structure for part-time resources.

Pay for full-time financial professionals

If you require a full-time accountant to handle all your book keeping and financial needs, you can hire a full-time financial professional from us, who will work for 160 hours a month. Our monthly billing plan for full-time professionals is very cost-effective.

Pay by the hour

If you require finance and accounting services only during the peak or tax season, or when you are faced with a heavy workload, you can opt for our hourly services, where you only have to pay for the specific number of hours that you require.

Pay by the project

If you require finance and accounting services for a specific one-time project, this mode of payment will suit your needs. We will analyze your business requirements and provide you with a pricing quote.

Pay only for tax returns

We provide our customers with low pricing structures for tax return services. Our hourly price starts from as low as $8 to $15 per hour, depending on the nature of the work, the level of difficulty, the skill sets required of our financial experts, and the business requirements.

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Global Services

Global - Book Keeping, Taxation & FINANCIAL
Services