FinWise Global provides a full range of financial services including internal and system audit services, business consulting, accounting, tax services and financial planning. As a dedicated team of professionals, we welcome the opportunity to respond to your needs quickly, effectively, and economically while offering you the utmost in personal attention and exceptional accounting ability. Our services are structured to allow you to choose a full back office service or just specific items relevant to your needs. Some of our key financial services includes the following:
Internal Auditing Services – Maximising the value and effectiveness of the internal audit function requires an understanding of an organisation’s objectives, risks, risk management priorities, regulatory environment, and the diverse needs of critical stakeholders including executive management, the board, employees, and shareholders. Ultimately, these needs determine the risk profile of the organisation and the strategic focus, organisation, resources and practices required of its internal audit department. Generally, every company is required to verify physically his fixed assets and stock in trade, once in a year through an independent agency. We at FinWise Global can assist organisations that need help improving the quality and effectiveness of their internal audit processes in a number of ways. First, by advising and assisting in the development of internal audit and risk management methodologies, including assessing whether the internal audit function is delivering effectively to stakeholders. Second, by providing internal audit resourcing solutions, including full outsourcing or complementing in-house functions with specialist skills or geographical coverage. Third, by supporting internal audit functions with software to enhance and support their work. In addition, we can develop training for internal auditors using our extensive market and industry knowledge to create highly-tailored solutions.
Information System Audit – Services offered by us under this category include:
Tax Management Services – At FinWise Global, we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximise your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimise financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices.
TAX Representation – Professional representation can be vital during an audit, and our experience with tax authorities enables us to guide clients in their dealings with federal and state agencies. If you have been chosen for an audit, the professional representation you can find with our firm can put many of your worries at bay. We are ready and willing to answer any and all questions the IRS may be asking of you.
Accounting Services – start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. FinWise Global’s accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans. These services include but are not limited to:
We can set up financial reports for your view to streamline your business and save your valuable time. These reports are important tools that can guide your business in making financial decisions, planning, and evaluating performance.
Payroll Services – FinWise Global’s payroll services can help you reduce the time spent on administration through developing and implementing a computerised payroll system that will facilitate processing, timely payment and preparation of tax returns. We will prepare the employees’ monthly salaries, administer commissions, incentive and bonus payments, and monitor and reimburse staff expense accounts. Special requirements can also be catered for, such as the administration of pension schemes and private health insurance.
Service Tax / VAT Returns – As part of the bookkeeping service, we will prepare the necessary periodic Service Tax / VAT returns, making the relevant documentation and liaison with tax authorities during their regular tax audits.
Yearend Financial Statements Consolidation – We will prepare the company’s annual accounts and full back up schedules ready for the statutory annual audit and will then liaise with the company’s auditors as appropriate.
Cash Flow and Budgeting Analysis – Good cash management can improve a company's liquidity, reduce costs, and increase profitability. FinWise Global can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyse your spending, rebalance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level.
Financial Projections and Forecasts – No one can predict the future perfectly, but we can all benefit from planning for it. FinWise Global combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come.
Entity Selection and Restructuring – Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, FinWise Global can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
NRI Services – We offer host of professional services to NRI's and PIO's settled abroad. Some of the services offered are:
Taxation Services - Assistance in Applying and Allotment of PAN number, Filing of Return of Income, Assistance in Wealth Tax Returns.
FEMA / RBI Related Services- Compliance of the procedure including Chartered Accountants certificate for repatriation of income / assets from India. Making applications to Reserve Bank of India for purchase / sale of shares, debentures & securities and directly to and from Residents and Non Residents in India and outside India. Making application to Reserve Bank of India for purchase / sale of residential and commercial properties including renting out of properties.
International Taxation – Whether you're a corporation with overseas operations or a business or individual needing to work out taxation of Indian residents working abroad or foreign citizens working in India, FinWise Global can help you plot a course through cross-border taxation issues.
Virtual Office– Smaller companies, or larger overseas companies initially employing only one or two overseas staff, find our virtual office service extremely useful. We can provide a telephone answering and messaging service along with a highly credible New Delhi address.