Taxation for Startups – All you wanted to know about taxes

Taxes and regulatory compliances have always been a pain point for startups and small businesses.   In the spirit of supporting businesses, Taxmantra had launched the “Taxes Less Taxing (TLT)” initiative this year to give one-to-one  mentoring sessions, conduct nation wide workshops and seminars on tax and regulatory issues that  businesses face on a daily basis. 

This workshop, as a component of the TLT initiative, aims to address the basic tax issues of startups.

Taxmantra.com is a professional services firm rendering business startup, fund raising, tax & regulatory compliance services to businesses & individuals in India, US, Singapore and middle east.

Alok Patnia, Founder of Taxmantra.com says, “This initiative is unique in the sense that there are regular workshops being organised for Start-ups and SMEs, but what is lacking is one to one attention. Every business has issues, day to day or circumstantial, which are unique to its own. These cannot be discussed on public forums. Indian start-up eco-system is still at a very nascent stage.  With this initiative, we wish to fill that vacuum in the eco-system and assist businesses protect themselves from unnecessary taxes, penalties by keeping their business in perfect compliance as they grow.”

One of our recent surveys indicate that every second Start-up gets income tax notice for tax demands or for non-compliance.  Around three out of seven start-ups find place on the default list of Registrar of Companies due to non-compliance.  Also two out of four start-ups incur unnecessary pay-out by way of interests and penalties.

Why Should You attend this workshop?

1. Basic awareness about legal health of organization- In this reign of tech start-ups, most is founded by guys from non-finance background. In this situation, it becomes even more important to be conversant with the basic tools that secure your business. The “TLT workshops” are specifically designed to cater to this objective.

2. One Stop Solution for all your business queries- It is not often seen to be a prudent decision for start-ups and SMEs to hire a CFO or full time accountant to do hand-holding for all regulatory issues. It also gets difficult to find a single window for all the business needs of the organization in the outsourcing model. The TLT initiative would aim to consume this vacuum of a One Stop Solution for all business needs.
   
   
3. Simple, Easy to Understand, Start-Up Friendly- TLTs would not stress on technical jargons. These would be specifically designed for start-ups. Hence, these would be simple and easy to understand.

How has Taxmantra impacted Start-Ups?

1. All services under one roof- Starting from registering your entity to Return Filing. No requirement of multiple consultants.

2. No requirement to visit our office- Not once it is required to visit our office.

3. A single Point of Contact for your Assignment- No To and Fro exchange of Data

4. Fully Customized Packages- No standard fees! Pay as per Package!

5. 30+ years of experience within the group– An Excellent mix of Youth and experience

6.  Presence in more than 100 cities of India and abroad-All local litigations and appeals in place.
   
   
7. Secured Remote Access and Online Management of Assignment- Secured Data with signed NDAs

8. Serving 125,000+individuals, 8000+ businesses

9. Incorporating 5000+ businesses

10. Authorized E-Return Intermediary by Income Tax Department.
    

In own words of Start-Ups – The Taxmantra Impact:

• Gyan Lab Founder Priyadeep talks about Taxmantra.com’s impact on his business
• Buyhatke Founder Gaurav Dahake talks how Taxmantra.com has helped Buyhatke

For further information contact:
Alok Patnia
+91 9830549484
alokpatnia@taxmantra.com