Monday - Friday 9AM - 7 PM Tatabad, Coimbatore, Tamil Nadu, INDIA
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Overview

At PlanBuddy, our focus is on providing top-tier accounting and financial services that are uniquely designed to meet the specific requirements of the Indian business landscape. With a wealth of local expertise spanning over four years and industry experience exceeding ten years, we have developed an in-depth understanding of the intricate challenges faced by tax companies throughout India. Our dedicated team of seasoned professionals is committed to delivering unparalleled services, offering comprehensive and strategic financial advice that is tailored to address the diverse needs of our clients. Whether you’re a startup or an established enterprise, PlanBuddy stands as your trusted partner in navigating the complexities of financial management, ensuring your success in the dynamic and competitive Indian business environment.

Services we do for Indian Companies

The main objective of Plan buddy is to provide effective service using smart tools and customized process to the client and business partners by keeping quality, cost, and time as the key.

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Outsourced Accounting & Bookkeeping

  • Chart of accounts – set up and management
  • Entry of Transactions
  • General Ledger Accounting
  • Accounts Receivable
  • Accounts Payable
  • Accounts Reconciliation
  • Compilation & Review
  • Preparation of Financial Statements
  • Compliance with Accounting Standards
  • Compliance with Income Computation Disclosure (Tax Accounting) Standards.

Book Clean Up & Historic Accounting

  • Correction of existing miscoded GL entries (e.g., expenses booked in asset accounts, wrongly booked income).
  • Fixing vendor payments and credits that were not applied correctly.
  • Fixing customer payments and credits that were not applied correctly.
  • Locating discrepancies in balance sheet items.
  • Reclassification of historic transactions that have been incorrectly recorded.
  • Write back of long-term/short-term provisions that are no longer required.
  • Write-off of non-collectible invoices.
  • Write-off of current assets and non-current assets that are no longer recoverable.
  • Clearing backlog of UN-posted historic transactions.
  • Clean-up of chart of accounts through removal of duplicate and unused accounts and systematic structuring of accounts.

Goods & Services Tax

  • Verification and correction of GST entries for accuracy and compliance.
  • Rectification of any misclassification of goods or services under the GST code.
  • Reconciliation of GST input and output credits to ensure accurate reporting.
  • Correction of errors in GST returns, such as incorrect calculations or omissions.
  • Identification and resolution of discrepancies in GST ledger accounts.
  • Handling of GST reverse charge mechanism transactions.
  • Assistance in the filing of GST returns and ensuring timely submissions.
  • Review and adjustment of GST liability to align with current regulations.
  • Evaluation and correction of any issues related to GST credits and refunds.
  • Support in conducting GST audits and preparing documentation for compliance purposes.

International Taxation

  • Assessment of cross-border transactions for compliance with international tax regulations.
  • Implementation of transfer pricing strategies to ensure arm’s length pricing for related-party transactions.
  • Evaluation and application of tax treaties to optimize international tax liabilities.
  • Analysis of permanent establishment risks and mitigation strategies.
  • Management of withholding tax obligations on cross-border payments.
  • Structuring of international business operations for tax efficiency.
  • Compliance with Country-by-Country Reporting (CbCR) requirements for multinational enterprises.
  • Assistance in navigating Controlled Foreign Corporation (CFC) rules and regulations.
  • Advisory on Value Added Tax (VAT) implications for cross-border transactions.
  • Preparation and filing of necessary documentation for foreign tax credits.

Transfer Pricing

  • Assist in fixing prices for cross border transactions
  • Transfer pricing analysis, study & documentation
  • Safe Harbord Rules advisory
  • Handling transfer pricing assessments
  • Representation before transfer pricing authorities

Business Start Up

  • Establishment of private & public companies
  • Establishment of one-person company (OPC)
  • Establishment of liaison offices, branch offices and project offices
  • Establishment of limited liability partnership (LLP)
  • Personal & corporate tax advisory
  • Statutory compliance for companies
  • Accounting & Reporting (MIS)
  • Payroll support
  • Liaising with statutory authorities
  • Obtaining regulatory approvals, licenses & permits

Licenses & Permits

  • Income Tax – Permanent Account Number
  • Income Tax – Tax Deduction Account Number
  • Goods & Services Tax
  • Employee Provident Fund (Social Security)
  • Employee State Insurance (Social Security)
  • Import Export Code
  • Profession Tax & Company Tax
  • MSME Registration
  • Trade License
  • Non-STPI Registration

CFO Services

  • Support in Setting up a New Company
  • Assistance with Bookkeeping, Reporting, and Accounting
  • Compliance with Legal/Fiscal Regulations
  • Increasing Efficiency and Reducing Costs
  • Providing Access to External Resources
  • Mitigating the Cost of Non-Compliance
  • Advising on Cost-Effective Strategies
  • Preparation and Reporting of Financial Statements
  • Collaboration with Parent Company
  • Focus on Long-Term Efficiency and Savings

Labour Law

  • Licensing and registration under various labour laws
  • Calculation of periodical liability & preparation of payment challans accordingly
  • Documentation and maintenance of records & statutory registers
  • Preparation and submission of periodical statutory reports
  • Correspondence & compliance with officials whenever required
  • Attend periodical statutory inspections held by the officials
  • Update on labour reforms / legislative changes
  • Other allied labour law related services

Corporate Law

  • Advice on Legislative Changes
  • Reduction in Share Capital
  • Statutory Review and Comparison of Company Records
  • Remedial Work for Compliance
  • Corporate Secretarial Alert
  • Minutes of Board and Shareholders Meetings
  • Approval of Annual Accounts and Auditor Appointment
  • Filing of Annual Accounts and Statutory Obligations
  • Maintenance of Statutory Registers and Minute Books
  • Constitutional Changes and Corporate Actions

Compliance

  • General and commercial laws
  • Company specific laws
  • Labour laws
  • Applicable state / central laws
  • Transaction based compliance

India Entry Strategy

  • Entry routes for investment – automatic & approval
  • Types of instruments – equity, preference, debentures, FCCB, ECB
  • Caps & Conditions on investment
  • Prohibited & Permitted sectors advisory
  • Remittance & Repatriation advisory
  • Reporting & Addressing Violations
  • Reporting of FC-GPR @ Reserve Bank of India
  • Reporting of FC-TRS @ Reserve Bank of India
  • Advisory on External Commercial Borrowing
  • Advisory on Export of Goods & Services
  • Advisory on Import of Goods & Services

Foreign Trade Policy

  • Merchandise Exports from India Scheme (MEIS)
  • Service Exports from India Scheme (SEIS)
  • Incentives (MEIS & SEIS) to be available for SEZs
  • Duty Exemption / Remission Schemes
  • Duty Free Import Authorization Schemes
  • Export Promotion Capital Goods Scheme
  • Set Up – Export Oriented Unit, Electronics Hardware Technology Parks, Software Technology Parks, Bio Technology Parks

Payroll Outsourcing

  • Formulation of salary structure on cost to company (CTC) basis
  • Processing monthly salaries
  • Payroll compliance with provident fund (PF), employee state insurance(ESI), profession tax (PT) & labour welfare fund (LWF)
  • Processing reimbursements and arrears
  • Processing full & final settlement
  • Withholding tax on salaries
  • Filing of e-TDS returns in form 24Q
  • Issuance of form 16
  • Advisory on tax deductions / exemptions

Why us

Plan buddy is a bookkeeping service provider with clients based in the USA, Canada, Australia and India.

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10+ Years of Experience

The main objective of Plan buddy is to provide effective service using smart tools and customized process to the client and business partners

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100% Satisfaction

Here are our set of young enthusiastic professionals who will exclusively look after it right from the scratch with all their time and effort.

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Client Friendly Company

Plan buddy is a client friendly company where client needs are put first. We always stick to our time where client need not have to

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Business Analysis

Here are our set of young enthusiastic professionals who will exclusively look after it right from the scratch with all their time and effort.

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24/7 Support

Here are our set of young enthusiastic professionals who will exclusively look after it right from the scratch with all their time and effort.

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Personalized RM

Plan buddy is a client friendly company where client needs are put first. We always stick to our time where client need not have

Free Trial Jobs to Experience Our Expertise

At PlanBuddy, we offer trial jobs at no cost, allowing you to experience our expertise firsthand. Get in touch with us to explore how our services align with your needs. Test our capabilities and witness the efficiency and quality we bring to your accounting operations without any financial commitment.

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Frequently Ask Question

We offer comprehensive bookkeeping and accounting services tailored to your business needs. This includes financial recordkeeping, payroll processing, tax preparation, and more.

Planbuddy serves clients based in the USA, Canada, Australia, and India. We work with businesses of all sizes, from startups to established companies.

Planbuddy distinguishes itself through its use of smart tools and customized processes. We prioritize quality, cost-effectiveness, and timely delivery of services to meet your specific requirements.

Yes, our team consists of young and enthusiastic professionals with expertise in bookkeeping and accounting. They are dedicated to handling your tasks from scratch, ensuring accuracy and efficiency.

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Client Testimonials

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I am delighted to testify that PlanBuddy has been a game-changer for us. Their tailored financial services, backed by local expertise and a seasoned team, have addressed our unique challenges with precision. PlanBuddy is more than just a service provider; they are strategic partners in our success.

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Navigating the complexities of tax and financial management in India has never been smoother, thanks to PlanBuddy. With over a decade of industry experience and a commitment to excellence, their comprehensive advice has proven invaluable. As an established enterprise, we trust PlanBuddy as our reliable partner in achieving sustained success

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PlanBuddy's in-depth understanding of the Indian business landscape sets them apart. Their dedicated team has consistently delivered unparalleled accounting services tailored to our specific requirements. Their strategic financial advice has not only met but exceeded our expectations, making them our go-to partner for all things financial.

star star star star star

Choosing PlanBuddy was the best decision for our business. Their wealth of local expertise, combined with a commitment to addressing the intricate challenges faced by tax companies in India, has made a significant impact on our financial management. Whether you're a startup or an established player, PlanBuddy is the trustable ally you need in the dynamic and competitive Indian business environment