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Company Set Up Service

Happy Clients

600

Completed projects

100

Hours of Experience

250

Software Used

20

up tp £70 Cash Back

Including 12 months of free business banking

up tp £70 Cash Back

Including 12 months of free business banking

up tp £70 Cash Back

Including 12 months of free business banking

up tp £70 Cash Back

Including 12 months of free business banking

up tp £70 Cash Back

Including 12 months of free business banking

up tp £70 Cash Back

Including 12 months of free business banking

End to End Remote Bookkeeping & Accounting services for Business Owners & Accounting firms

NetcareFormation is a CPA firm providing complete outsource bookkeeping and accounting solutions to CPAs and small & medium-sized businesses across the United States, United Kingdom, Australia, New Zealand, Hongkong, Canada, and European countries.

Bookkeeping Service

Regular Management Accounts for your Business, We serve bookkeeping services for different industries.

Setup Xero/Quickbooks

Set up your accounting software in a day through our checklist, for converting a client from your legacy software to Xero.

Bookkeeping for CPAs

We help CPAs to reduce 50 % of their cost by outsourcing recurring tasks to us, with trust and security.

Payroll

We do Payroll for all countries in all software and comply with all tax formalities of the IRS, HMRC, ATO, etc.

Payable Accounting

Manage your Payables on daily basis, cost-effectively with reduced invoice discrepancies and disputes.

Indirect Tax

We do BAS, VAT, GST101A, Sales Tax, etc. reduce attribution errors and costs, and ensure indirect taxes.

Importance of Business Set-Up Services to India

The Indian economy is vast and proliferating. It gives lots of opportunities for people to Set-Up Business in India. The ‘Make in India’ initiative, also known as the ambitious project of Indian Prime Minister Narendra Modi, provides necessary aids to Set Up and Grow a Business based in India. So, to start a business in India, Business Set-Up Services are beneficial, which makes the process smoother and faster.Business Set-Up Service helps in choosing the best option available. Hence, there are different kinds of Business Set-Up opportunities available in India .

Some of the options are as follows:
Partnership: This is a very common Business Set-Up seen in India. In brief, two or more parties form a management system where they work to attain a goal and share profit or loss.
Limited Liability Partnership: LLP is a Business Set-Up where some or all the partners of a firm or a company have limited liability.
Limited Liability Company: This Business Set-Up restrains the liability of partners, and the partners are liable only to the unpaid amount or agreed contribution by shares or otherwise.

Registrations Process

To open a business there are certain requirements that needs to be done like registering with different regulatory departments. There are main three registrations that a business needs to get done. These are as follows.

1. PAN registration

PAN or Permanent Account Number is a unique identity given to each cardholder. Hence, it helps in identifying the income taxpayer. Therefore, as per the norms, it is required for all individuals, partnerships, and companies in India.

2. TAN registration

TAN or Tax Deduction and Collection Account Number (TAN) is a 10-digit number issued to individuals who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.

3.GST registration

In July last year, Govt. of India implemented a Goods and Services tax under which a business, whose turnover exceeds Rs. 20 lahks annually, has to get registered for the same.

After completing the registration process a business can be run in India, but after that comes the main part, also known as post-registration formalities. These formalities are:
Audit: Every business has to make sure that the books of accounts are properly and ethically maintained. Businesses do this work under the auditing process that all businesses in India need to perform.
Filing Income Tax Return: This is the moral duty that all individuals have to perform for conducting their businesses. Therefore, in India, it is necessary for all businesses to pay Income Tax returns by the 31st of March every financial year as per the Govt. Norms.
Filing GST return: As stated earlier, businesses need to be registered and file GST returns as per the guidelines provided by the Government.
Compliance with TDS: TDS or Tax Deducted at Source falls under the Indian Revenue Services and is collected by the Central Board of Direct Taxes. As per the guidelines of the Indian Government, every business needs to compile with TDS.
Business Set-Up Services take care of all these formalities from beginning to end that make starting a business in India easy.

Frequently Asked Questions

Can anyone start a company?

In fact, even if you have no prior company expertise and are still seeking for an idea, you can launch a business entity. We will walk you through every step of starting a small business, from selecting a professional service or good to sell through financial planning.

What is formation of company cost?

The cost to incorporate or register a Pvt Ltd company can range from INR 6,000 to INR 30,000, depending on a number of factors, including the number of directors.

Why do you need to set up a company?

Comparing working for a pay or salary to starting your own business, there are various financial advantages. First of all, you're creating a business with room for expansion, and as your business expands, so does your bank account. Second, your company is a great asset in and of itself. Your company's worth increases as it expands.

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