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Your Path to The Best Financial Freedom
We succeed when we cultivate a conscious and caring corporate culture that puts people at the center of everything we do.
In essence, the heart of our business is to help people thrive every day. This mindset powers our growth by supporting the development of our people, the success of our clients, and the betterment of our communities. It means taking an expansive view of what’s possible and committing ourselves to achieving exceptional outcomes. At Lets Connect Pro, our professionals thrive in their work of providing business leaders with insight-driven perspectives and assurance, tax and advisory services, helping companies take business as usual to better than usual.
Accounting and Bookkeeping
Our team of experienced accountants will provide you with accurate and timely financial information to help you make informed decisions. We offer a full range of accounting and bookkeeping services including financial statement preparation, payroll processing, and budgeting.
Financial Planning
Our financial planning services help you plan for your future and achieve your financial goals. We take a holistic approach to financial planning, considering all aspects of your financial situation.
Professional Services
for Personalized Financial Growth
AUDIT & ASSURANCES
To assess the impact of an organization’s social responsibility activities and community engagement efforts.
Direct and Indirect Tax
Preparing income tax returns for individuals, partnerships, corporations, and trusts
Company Secretarial
Preparing and filing annual returns with the regulatory authority
Non Resident Services
Analyzing applicable tax treaties between home and host countries
Risk Consulting
Identifying and mitigating risks related to financial exposures such as liquidity, credit, market, and currency risks.
Outsourcing
Engaging external firms to perform internal audit functions, especially for clients who do not have dedicated internal audit departments.
Expert Mentors
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Happy Clients
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Award Winning
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Worldwide Offices
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FINANCIAL STATEMENT REPORTING
In India, the preparation of financial statements is governed by a framework of regulations and standards designed to ensure accuracy, consistency, and transparency in financial reporting. This process is critical for businesses to present a true and fair view of their financial position and performance. Here’s a comprehensive overview of financial statement preparation in India:
Regulatory Framework
Companies must prepare their financial statements in accordance with the accounting standards prescribed by the Act and the rules thereunder. The Act outlines the formats for the balance sheet, profit and loss account, and cash flow statements.
Components of Financial Statements
Balance Sheet Profit and Loss Account (Income Statement) Cash Flow Statement Statement of Changes in Equity Notes to Accounts
Compliance and Reporting
Companies must file an annual return with the RoC, including financial statements.
Recent Developments
Transition to Ind AS for more accurate and internationally comparable financial reporting.
Testimonial
I have had the pleasure of working with Team Let’s Connect, a remarkable Chartered Accountant who has consistently delivered excellent services in the field of finance. As a client, I have found him to be an invaluable asset, providing a wide range of financial solutions with utmost professionalism and expertise.
Thank you so much Team Let’s Connect for financial consultation.
I had approached for GST registration and had a good understanding of the impact of GST on my business, I appreciate the way the client is taken care off and speedy disposal of the work!!! Great Going!!!
Very good service and was really impressed with the kind of professionalism and transparency that was given by the Team Let’s Connect. They were very helpful and I really recommend their service.