Chartered Accountants in Gurgaon

FAQ - Chartered Accountants in Gurgaon

• Why should I hire a Chartered Accountant for my business?

  A Chartered Accountant can handle finances in a much more efficient manner than a non-CA entrepreneur. Managing your finances yourself can lead to reporting errors as well as losses due to poor financial decisions. A professional CA will offer you sound financial advice, and at the same time, help you lay out a robust business plan for the future. He will also help you with taxation. He may assist you to effectively reduce your overall tax burden while ensuring that you are in line with all tax laws.

• What are the responsibilities of a Chartered Accountant?

  A reputed Chartered Accountant dispenses the following responsibilities:

  1. Manage all financial systems and budget
  2. Liaise with clients and offer requisite financial advice
  3. Undertake financial audits
  4. Give information on tax planning and tax issues associated with business acquisitions and mergers
  5. Review your business system and analyze risk
  6. Handle all accountancy needs
  7. Detect and prevent fraud (forensic accounting)
  8. Prepare exhaustive financial statements, including monthly and annual accounts
  9. Prepare financial management reports, including financial planning and forecasting
  10. Advice on tax and treasury issues
  11. Negotiate terms with suppliers

• How much do Chartered Accountants charge?

  The fee charged by Chartered Accountant firms largely depends upon two factors- the type of your income and complexity involved in filing returns. For instance, if you only have Salary income, the charges will be fairly less as the time spent will be less.

• What questions should I ask before hiring a Chartered Accountant for my business?

  To select the right Chartered Accountant for your business, you must ask them a few questions. The answers to these questions can equip you for making a more informed decision.

  1. Why should I hire your accounting firm?
  2. Who will be servicing my account?
  3. How long have you been in business?
  4. Can you provide a reference?
  5. Can you represent me in case I get reviewed by the IRS?
  6. Do you communicate by email or any other online means?
  7. How often should we meet to discuss my business taxes?
  8. What is your fee?
  9. What are your tax philosophy and tax planning priorities?

• How can I choose a reputed Chartered Accountant through Sulekha?

  Sulekha brings to you 30930+ verified Chartered Accountants over PAN India, who are experts in preparing the perfect blueprint for your business’s accounts and thus, help you carry out your business plans in an effective manner. By filling up a simple form online, you can help our experts in assessing your requirements and suggesting you with the most appropriate advisors. You can check out and evaluate their services to choose the one that meets your needs and budget.

  So, go ahead and find the best Chartered Accountant through Sulekha.

• What skills do Chartered Accountants possess?

  All good Chartered Accountants are known for the following skills:

  • Excellent communication and interpersonal skills
  • Thorough knowledge of the business environment
  • Methodical approach
  • Strong analytical and problem-solving skills
  • IT proficiency
  • Numeracy
  • Outstanding leadership and teamwork skills
  • Integrity and trustworthiness