« Customer satisfaction is a priority at Tax Bazaar. The variety of services offered by Tax Baz ...»

Client Bangalore

Consultancy Services

●     Income Tax

  •   As per the Income Tax Act, every business organization is required to close its financial year on 31st March every year and file returns with the Income Tax Department.
  •   The due date for filing income tax returns for different organizations varies depending on their business structures.
  •    Accounts of a business organisation have to be audited by a qualified chartered accountant. Audit requirements are mandatory for all businesses.

●     Mergers and Acquisitions

  •  Corporate merger and acquisition is defined as the process of buying, selling, and integrating different corporations with the desire of expansion and accelerated growth opportunities. This kind of association in any form plays an integral role when it comes to business and economy as it results in significant restructuring of a business.
  •    The key objective of corporate mergers and acquisitions is to increase market competition. This can be done in various ways using different methods of merger like horizontal merger, conglomeration merger, market extension merger, and product extension merger. All the types work towards a common goal but behold different characteristics suited to get the best outcome in terms of growth, expansion, and financial performance.

●     Financial Analysis

  •  Ratio Analysis is a tool used by individuals to conduct a quantitative analysis of information in a company's financial statements. Ratios are calculated from current year numbers and are then compared to previous years, other companies, the industry, or even the economy to judge the performance of the company.
  •  Important ratios are as below:
  •  Current Ratio - Current Assets over Current Liabilities. This is calculated to assess the solvency and liquidity of an organisation.
  •    Liquid Ratio - Liquid Assets over (Liquid or Current Liabilities). This is the true test of solvency of a business. It indicates the ability of the business to pay its maturing obligations without delay and difficulty.
  •    Debt Equity Ratio - (Long-term Debt or Total Debt) over (Proprietors’ Equity or Shareholders’ Equity). This gives the ratio between borrowed capital and owners’ capital. This is a measure of long-term solvency of the business.

●     Corporate Restructuring

  •  Corporate restructuring is the process involved in changing the organisation of a business. Corporate restructuring involves making dramatic changes to a business by cutting out or merging departments that often has the effect of displacing the staff.
  •     Corporate restructuring is the process of significantly changing a company’s business model, management team or financial structure to address challenges and increase shareholder value.
  •  Restructuring may involve major layoffs or bankruptcy, although it is usually designed to minimise the impact on employees, if possible.
  •    It may involve a company’s sale or merger with another company so as to ensure long-term viability.
  •   Objectives of corporate restructuring:
  • To unload loss making businesses.
  • To eliminate debt.
  • To organise surplus cash from one business to finance profitable growth in another.
  • To reduce risk.
  • To develop core competencies.
  • To improve debt-equity ratio.
  • To obtain tax benefits by merging a loss making company with a profit making company.
  • To eliminate competition.
  • To increase market share.