Your Trusted Partner for
Taxation & Compliance

In today's regulated business environment, audits are not merely a statutory obligation but a critical tool for financial discipline and transparency. For many businesses, especially growing enterprises, statutory and tax audits often raise questions around applicability, compliance, and risk exposure. A statutory audit is mandated under the Companies Act and other applicable laws to ensure that financial statements present a true and fair view of a company's financial position. It enhances credibility with stakeholders such as investors, lenders, and regulators. A tax audit, on the other hand, is conducted under the Income Tax Act when a business crosses specified turnover thresholds. Its primary objective is to verify income computation and tax compliance. One of the most common challenges businesses face is incomplete documentation and improper accounting practices, which can lead to qualifications in audit reports or tax scrutiny. Delayed audits, misclassification of expenses, and non-compliance with disclosure requirements often result in penalties and notices. At Bizby Professionals, we approach audits as more than a compliance exercise. Our audit process focuses on understanding your business operations, evaluating internal controls, identifying risk areas, and ensuring adherence to statutory requirements. We also provide actionable insights to improve accounting systems and financial governance. A well-conducted audit not only ensures compliance but also strengthens the financial foundation of a business. It enables better decision-making, builds stakeholder trust, and reduces long-term regulatory risks.

Business valuation plays a decisive role when companies plan to raise funds, enter into mergers, or attract strategic investors. Investors do not merely invest in ideas; they invest in numbers backed by credible assumptions and financial discipline. A valuation reflects the true economic worth of a business based on its financial performance, growth potential, market position, and future cash flows. Incorrect or unrealistic valuations often lead to failed negotiations, dilution concerns, or loss of investor confidence. During fund raising, investors closely examine financial statements, projections, and valuation methodologies. Transparent reporting, realistic forecasts, and regulatory compliance significantly enhance a company's credibility. This is especially important for startups and growing businesses seeking equity funding or structured debt. At Bizby Professionals, we assist businesses throughout the fund-raising journey — from preparing robust financial projections and valuation reports to structuring transactions in a tax-efficient manner. We ensure that valuation is aligned with industry standards and regulatory guidelines, making it defensible during due diligence. Accurate valuation not only helps businesses raise capital but also ensures fair ownership distribution and long-term sustainability. When numbers are right, negotiations become smoother and partnerships more meaningful.

Indirect taxation, particularly GST, has significantly transformed the way businesses operate in India. While GST has simplified tax structures, compliance remains a major challenge for businesses due to frequent amendments, procedural requirements, and strict timelines. Common GST challenges include incorrect classification of goods and services, mismatch of input tax credit, delayed return filing, and responding to departmental notices. For growing businesses, managing GST across multiple registrations and states adds further complexity. Non-compliance or errors in GST filings can lead to interest, penalties, blockage of input tax credit, and litigation. Many businesses also struggle to keep track of changing GST rates and evolving compliance norms. Bizby Professionals provides comprehensive indirect tax support including GST registration, return filing, audits, reconciliations, advisory, and representation before authorities. Our focus is on ensuring accurate compliance while optimizing eligible tax credits and reducing tax leakages. Effective GST management not only protects businesses from penalties but also improves cash flow and operational efficiency. With expert guidance, businesses can convert GST compliance from a burden into a structured and manageable process.