India’s first virtual smart CFO ready to Join your startup to take care of your Accounts and tax compliance requirement @ just Rs/- 990 pm salary.
India is land of laws that means there is no shortage of business laws, tax laws, and other laws, however for start-ups, they are nothing but a necessary evil. Meeting these tax and legal filing & compliances is costly, Time consuming & Complicated too. however, not meeting the compliances is even more costly in terms of getting notice, penalty, and is a sitting duck at mercy of corrupt tax officials.
Here the world’s most affordable virtual CFO services or in other words Accounts & Tax compliance system AKT MACS ( MACS Stands for Monthly Automated Compliance System) is here to help you.
AKT MACS:-India s first AI-based Accounts & Tax compliance system. It is Advanced, Automated saves your 100 hours per month from non-remunerative Tax filing.
However, The best part is affordable too especially for a small business or start-up, Just RS/- 990 pm less than 5% of the cost of hiring a full-time accountant.
CA ARUN TIWARI, who is the brain behind AKT MACS told us what inspire him to develop AKT MACS.
“If data is the new oil, most of the small businesses, SMEs & Start-Ups don’t have it &” There is a valid reason for that, maintenance of proper accounting & Doing tax compliances takes lots of time and money. As a start-up, you are short of both of these commodities.
To put in common words, You cannot expect from a small just started a business to spent 25k pm on accounting & tax compliance, When the first revenue is still a distant dream.
But Non-maintaining financial data and being complacent on tax compliances are not just problems perhaps it is the mother of all problems.
Such as:-
- No Financial Data, No Funding:- Ideas can change lives, but to change the mind of investors you need to convince them with facts & data (Especially Financial Data ), So if you don’t have proper records of your financial transactions, No Angle investor, Venture Capital, Bank, NBFC or even maybe your friends would like to fund. I have seen many small businesses remain small because they don’t have access to loan/credit due to poor or no availability of financial records.
- Notices, Scrutiny, Penalty & Bribery:-Many small first-time business owner and start-up, get caught on the wrong side of tax compliances, when they either don’t file their tax returns or file it wrongly, Not intentionally but due to non-availability of a robust account and tax compliance system and then it starts a vicious cycle of notices, scrutiny penalty, and bribery. The only panacea is maintaining a good accounting & tax compliance system.
A good tax compliance system reduces the chance of receiving notices by 80% and even you receive one, you can handle it without paying a single paisa of bribery.
- Making mistakes without Data-based decisions:- A decision based on facts can never go wrong, However, in most of the case, the small business owner doesn’t have any facts and data about their business.
- Challenge in Building Trust & Transparency with stakeholders:- Apart from Govt. your business partners, vendors, customers, and employees all will feel more trust in your business If you maintain transparent and trustworthy accounts and tax compliance systems.
- Litigation with vendor and Customers:- Do you need to reconcile Accounts or pending payment with your vendors and customers very frequently? if yes its pre-cursor of future litigation, Avoid this by timely sending this accounts statement automatically.
- Cash Crunch: -A large payment cycle will lead to a cash crunch for your startup or small business. A good accounts system, keep up payment cycle short with auto-reminders, on-time Invoicing and timely Accounts statement to your customers and Vendors., This is possible when you have reliable accounting & tax compliance system
How it is different from Other Cloud Accounting Softwares such as Quickbook, Zoho Books?
They are bare shell accounting software where the accounting and tax filing still has to be done by you or outsourced to someone. However, AKT MACS is software plus Services, Where your accounting is done automatically and the compliance part is done by the AKT MACS team. So with MACS, you don’t need a separate accountant or CA. In short, it is an accountant with less Accounting and Tax Compliance Solutions for small business owners.
AKT MACS has created keeping in mind these issues and offers a simple solution to resolve with following benefits:-
1) Save Upto 80% of Tax Compliance Cost:- Even a Startup understood the costly nature of manual accounts & tax filing makes it unaffordable for them. That’s why at AKT MACS, we have created the “Pay as you grow“ approach with basic package starts just from Rs 990 Per Month. We have created monthly subscriptions based on the stage of new businesses such as:-
- Start-Up
- Stand Up
- Walk-Up
- Run-Up
- Jump-Up &
- Fly-Up
Starting from Rs 990 PM to 7499 Per Month
2) Take Control of Your Business:– Don’t depend on your accountant, Tax Consultants & CAs for your Business information, Get deep insight from your business and take charge of its growth, After all, it’s your baby and you should always be aware of it.
3) Create & Send an invoice in 1 min:- Faster Invoice sending means shorter billing cycles and faster payment. You can avoid the cash crunch by creating and sending professional, GST compliant invoices to your clients/customers right from your Mobile & get paid directly into your bank account with payment gateway integration.
4) Quick Quotation in 1 min:- Convert business deal faster by sending Quotation on discussion table itself, Impress your client with the fastest quotation and inbuilt approval system. Now never depend on accountants for quotations.
5) Take better decisions with ready reporting:- Know the health of your business and make quick decisions, Access all reports of your business health right from your mobile. Now don’t wait for month-end for reports, access it wherever or whenever you require.
6) Faster & Ontime tax Compliance Always:- AKT MACS make data ready faster with less human efforts thanks to its cutting edge AI Technology, Now tax filing will be much faster and easier. Now never miss a deadline, never rush for tax filing deadlines.
7) Quick & Cost-Effective notice reply:- With always on-time compliance the chances of receiving notices will be reduced by 80%. However still in case you receive a notice, You can submit all the information in just 30 minutes and finish the notice in one day instead of spending 30-45 days to close it.
8) Free Your Life:- Free your life to spend more time with your family and friends instead of sitting late at night to check accounting & rush to meet tax deadlines.
How AKT MACS Works?
How you can Engage AKT MACS for your Business?
Future of AKT MACS
=> First is to make awareness about AKT macs its not just software, But a software +services but cheaper than even a software subscription.
=>We are looking to hitch at least 10% of the MSME segment of India. Especially those who need a professional A/C & Tax compliance w/o spending a moon for it.
=> Then we are looking to expand in the Gulf region where VAT is already introduced. People are paying up to 500 Dirham for VAT filing he can do it in 50 Dirham.
=>Third part is target other delivery economic or small business owner to give them on edge.
Future Development
- Integration with Google Assistant /ALEXA for voice control base compliance
- 100% Automatic or Hand-free mode.
If you feel excited to know more or to get a free demo You can reach out to us @ cs@aktassociates.com /9669042660 Get Demo