M/s. M H P & Company, is a Chartered Accountants Firm Registered with Institute of Chartered Accountants of India since 2021. 

We have experienced Professionals like Chartered Accountants, semi qualified CA, Commerce Masters, Graduate, providing specialized services in the area of audit & assurance, direct and indirect tax, business advisory, accounting, and regulatory compliances. In Mumbai Location and a vibrant team of 10 plus team members led by having rich experience professional in their area of domain. Our focus is on providing specialized quality services based on clients’ need. 

Vision 

To be a professional firm to reckon with which provides high level of professional services customized to Client needs with utmost honesty and integrity and at the same time, provides enough opportunities for professional development, personal growth with accountability to our team members. 

Mission 

To be well recognized in the geography in which we operate as one of the best professional service providers that is known for outstanding services and value addition to its clients. To build long term relationships with our clients. To continuously create and foster the culture of passion and professional pride to attract and retain exceptional talent with equal recognition and reward. 

Industry Exposure 

Having been in the industry for many years now, we have gained a huge amount of expertise and have a vast and ever-growing clientele spread across various industries. Our client list includes domestic and international entities. 

We have experience in servicing clients across industries such as Manufacturing, FMCG, Automobiles, Chemicals, Engineering, Construction Materials, Gems and Jewelry, Textiles, Finance, Information Technology, Media, Healthcare, Entertainment, Hospitality, Ship management, etc. 

1. Accounting 

We provide Accounting & Regulatory Compliance Services to multinational and domestic enterprises. With our experience and expertise, we assist and advise clients for better accounting & management controls and regulatory compliances. Services offered include- 

Accounting & Related Services 

• Setting up Accounting System 

• Accounting and General ledger Management 

• Accounts receivable/payable functions 

• Preparation of Annual Financial Statements under Indian GAAP, Ind AS or IFRS 

• Preparation of Management Reports 

• Support and liaising with Global/Local auditors 

• Preparation and filing of periodical returns under Direct and Indirect Tax laws 

• Inventory accounting 

• Preparation and maintenance of Fixed Asset Register and physical verification 

• accounting System Design & Implementation 

• Financial Accounting 

• Budgeting 

• Financial Reporting 

• MIS Reports 

• Financial Analysis 

• Asset Accounting Management 

• Depreciation and Amortization Schedules 

2. Payroll

• Advising on tax efficient remuneration structure 

• Monthly payroll processing including tax computations and deductions 

• Statutory compliances e.g filing of TDS, PF, ESIC and PT returns etc. 

• Preparation of  Monthly Salary Sheet. 

• Deductions  as per applicable laws like Income Tax, Provident Fund,  Professional Tax etc. 

• Computation and  deposit of TDS, ESI, PF etc. 

• Disbursement/ Online Payment of Salary. 

• Pay slip by password protected e-mail. 

• Reimbursement of  telephone, medical bills etc. 

• Issue of Form 16 to employees. 

• Periodic Reconciliation of payments/statutory deductions etc. with books of accounts. 

• Administration of gratuity, superannuation, pension schemes etc. 

3. CFO Services

• Managing end to end accounting and finance operations 

• Setting up Internal Controls in finance and accounts function 

• Budgeting, forecasting and Cash Flow management services 

• Board and management reporting. 

4. Corporate secretarial services

• Maintenance of statutory registers and minutes books. 

• Filing of periodic returns under the Companies Act, FEMA, SEBI and other allied laws. 

• Company/LLP incorporation, liquidation, strike off etc. 

• Drafting of incorporation documents viz. MOA / AOA, Partnership Deeds etc. 

• Registrations of changes in directorship, registered office etc. 

• ROC search reports 

• Conversion of LLP/Partnership/other form of structure 

5. Audit & Assurance

Statutory Audits 

Financial Statements of an entity enable stakeholders to make decisions based on Company’s financial position and performance. As part of the Statutory Audit process, we ensure that the Financial Statements present a true and fair view of the entity’s financial position and performance in accordance with the generally accepted accounting principles. In addition, we also provide constructive suggestions and inputs to management based on our experience and technical knowledge to better manage their businesses. 

We have extensive experience in handling- 

• Statutory audits of mid to large-sized corporates including listed companies 

• Audits of corporate and non-corporate entities under various statutes e.g. Income Tax Act, Indirect tax laws, Bombay Public Trust Act etc. 

• IFRS/IND AS compliance 

• Foreign group reporting 

Management & Internal Audits 

We specialize in risk-based Internal and Operational Audits of Corporate and Non- Corporate entities engaged in various sectors. Our approach is to conduct a comprehensive analysis of the functional efficiency of the organization and suggest areas of improvement. 

Our internal audit services also include: 

• Internal Audit, focusing on process improvement and cost reduction 

• Management Audit focusing on the requirements of the stakeholders 

• Operational Audit, focusing on operational efficiency, resource utilization, and optimization,etc 

• Documentation and implementation of Standard Operating Procedures and Process Manuals 

• Design, documentation, and testing of Internal Financial Controls 

• Special Purpose Audits (CSR audits, Grant Utilization ,etc.) 

• Compliance Audits 

Due Diligence and Forensic Audit 

Minimize your risk and maximize your returns 

In recent years, the importance of due diligence and forensic audit has been growing steadily. It helps the organization to ensure that a company’s finances are being kept safe and in order has become a growing concern in today’s business environment. Combining accounting and analytical talents with financial proficiency, a due diligence and forensic audit professional plays a critical role in both litigation support and investigation. 

Many new businesses and entities are formed each year, technology is flourishing at a faster rate than ever before and the instances of fraud are increasing. These issues lay the foundation for the growing necessity of due diligence and forensic audit. 

Our due diligence and forensic audit team provide services to Corporates, Banks, Investors, etc. for: 

• Business or employee fraud investigations 

• Valuation during the sale of a business 

• Mergers and acquisitions 

• Transaction Audit under IBC on the Company under Bankruptcy 

• Management buyout 

• Divestitures 

• Shareholder and/or partnership conflicts 

• Contract claims 

• Tax litigations and claims 

6. Tax Advisory & Compliance

We are expertise in efficient tax planning and structuring, cross-border tax advisory, transfer pricing, tax compliance, and representation services. The Firm offers a complete range of integrated corporate and personal taxation services 

Tax Planning 

• Advising on tax efficient structuring including selection of an appropriate form of entity duly taking cognizance of and after detailed analysis of the domestic tax and provisions in Double Tax Agreements. 

• Advising on mergers and acquisitions; restructuring of entities consequent upon change in ownership. 

• Advising on tax optimum compensation structures for expatriates and HNIs. 

• Assisting in setting up an entity in India (e.g. Company, LLP, etc. ) 

• Advising on conversion of entity (e.g. conversion of a Firm into LLP or a Company). 

• Advising on withholding tax implications on cross border transactions including issue of certificate as required under Indian tax law in respect of foreign remittances. 

• Providing opinions after detailed analysis of local tax laws including examination of Double Tax Avoidance Agreements. 

• Coordinating with Tax Counsel for opinion. 

Tax Representation 

• Representation before Tax Authorities at various levels up to Income Tax Appellate Tribunal. 

• Coordinating and briefing Tax Counsels for major tax litigations. 

• Advising and assisting Clients in obtaining certificate/order from Tax Authorities for lower or nil withholding tax certificates. 

• Representations before the Tax Authorities in penalty, prosecution and search matters 

Transfer Pricing Regulation 

• Advising and assisting Multinational Groups in framing Transfer Pricing Policy in compliance with the local transfer pricing regulations. 

• Advising maintenance of documentation in compliance with the transfer pricing regulations. 

• Conducting detailed analysis of international transactions within the Multinational Group including FAR (Functions performed, Assets employed, Risks assumed) analysis to establish that such transactions meet the test of arm’s length pricing under transfer pricing regulations. 

• Preparing and issuing of certificate as required under the Indian tax law. 

• Assisting Multinational Groups in complying with Country by Country Reporting (CbCR). 

Tax Compliance Services 

• Preparation & electronic filing of tax returns 

• Assisting and advising Clients on preparation and filing of periodic returns of withholding tax and other statutory returns. 

• Assisting Clients in obtaining income tax Permanent Account Number, Tax Deduction Account Number. 

9. Indirect Tax

With the implementation of Goods and Services Tax Act – India’s biggest and radical tax reform, there is ever increasing need for expert service in this area. With the help of dedicated, proactive and qualified team, we provide, inter alia, following services – 

• Review of GST Compliance 

• Advisory services on GST in terms of undertaking detailed analysis of the tax costs involved in a transaction¸ advising on maintenance of backup documentation to support tax positions and constantly explore opportunities for tax optimization 

• GST Registration/Cancellation, filing & payment of all GSTR as per due dates, 

• Preparing & filing of necessary documentation for application for GST refund 

• Facilitating GST Audit 

• Assisting and handholding clients on GST compliance by educating client service teams including periodic review and reporting. 

• Providing updates on changes and developments in indirect tax. 

10. Business Advisory

Management Consultancy 

Services rendered include management advisory services for capital structuring, business expansion, mergers/demergers, acquisition, slump sale, spin-offs, preparation of business plan, valuation of business & shares keeping in focus structural, commercial and tax efficiencies. 

Inbound Investments 

The core team has experience in advising and assisting clients with the entry process in India. We focus on developing entry structures that are efficient and practical from a tax and exchange control perspective, taking into consideration commercial and operational imperatives. We also ensure that these structures are implemented smoothly. We guide our clients throughout the transaction cycle which includes assisting in negotiations, review and drafting of documents, liaising with other professionals, valuers, etc. 

CORPORATE/ROC SERVICES 

• Incorporation of company, LLP 

• Consultancy on Company Law matters. 

• Planning for Mergers, Acquisitions, De-mergers, and Corporate re-organizations. 

• Filing of annual returns and various forms, documents. 

• Clause 49 review for compliance with fiscal, corporate and tax laws. 

• Secretarial Matters including share transfers. 

• Maintenance of Statutory records. 

• Consultancy on Public/Rights/Bonus Issue of shares. 

• Change of Name, Objects, Registered Office, et 

SERVICES FOR NON-RESIDENTS 

• Allotment of Permanent Account number (PAN) 

• Tax planning. 

• Obtaining Advance Rulings on debatable issues. 

• Consultancy/ advice on FEMA/RBI matters. 

• Filing Income Tax/ Wealth Tax Returns 

• Advice on making investments. 

• Issuing certificate for repatriation of income / assets from India. 

• Making application to RBI for various matters including sale and purchase of residential and commercial properties. 

CORPORATE GOVERNANCE 

Corporate Governance refers to a combination of laws, regulations, procedures, implicit rules and voluntary practices which help companies to  perform efficiently and maximize long term value for shareholders and at the same time looking after the interests of other stakeholders like buyers, government, society at large etc. Lenders whether national or international, also look for them for taking exposure in any corporate. It is a function of  transparency and fairness in operations and  making proper disclosures. 

Company as a  business organization has become popular over the years.  With the growth in size of these corporates, governance has become all the more  important. SEBI and listing agreements of various stock exchanges require that the requirements of corporate governance are duly complied with. 

OUR SERVICES INCLUDE: 

• Periodic monitoring through internal audit 

• Independent audit 

• Independent verification 

• Effective Supervision 

• Accountability 

• Sufficient number of Independent directors on the Board. 

• Formation of an independent audit committee for the board 

• Adequate disclosure and transparency in reports 

• Participation in board meetings. 

BENEFITS OF OUTSOURCING 

• Enables business to concentrate on core business activities. 

• Use of manpower for more important functions 

• Investment in fixed assets reduced/minimized. 

• Substantial Savings in Cost. 

• Services of experts made available. 

• Improved Internal Controls 

• Enhanced reporting capabilities to provide more timely and accurate financial data 

• Off-site Backup of Data 

11. Other Business Support Services

• PAN/TAN/GST 

• GEMS Registration 

• EPF/ESIC registration 

• Trademark, Copyright certificate, Patent & Trade license. 

• MSME/Udhyam Aadhar registration 

• Food License registration and return 

• DIPP or DPITT Registration (For New Startup) 

•  ISO Registration 

• NGO/Society/Trust Registration 

• Professional tax Registration/Enrolment Certificate. 

• Bar Code registration. 

• Business establishment/Gumastha certificate. 

• Loaning, Project finance, preparation of project report.