1 Dynamic Accountants for a Competitive World Dynamic Accountants for a Competitive World...

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Dynamic Accountants for a Competitive World

INTRODUCTION

CHOKSI TAX SERVICES

Professional accounting is one of the key factors for the success of a growing small and

medium enterprise. With limited time and resources at his disposal the businessman has

to grow his business, keep an eye on the profits and comply with the law.

To address the plight of these businessmen, the founders of CTS came up with solution

to provide professional accounting services at a reasonable cost. We at CTS believe that

a reliable, professional, scalable and affordable service is a need and right for each

entrepreneur.

Choksi Tax Services is born out of culmination of more than 40 years of experience of

tax practice. Conveniently located office with friendly staff and an efficient working

environment is provided to take care of accounting and taxation related matters for

Individuals and small and medium enterprises, which can rely on Team CTS for

appropriate consultation and making the entire process a pleasant experience.

Depending on your company’s needs, we partner with you as

your bookkeeper, accountant, tax management, business advisor, and we become your

preferred option to act as: “One Stop Shop Solution providers”

Our Clients Pay Taxes, Not Fines, Interests or Penalties

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BENEFITS OF OUTSOURCING ACCOUNTS

� Better Quality Work

� Timely delivery, achieving maximum client satisfaction

� Needs no extra workforce, hence reduced human resource management costs

� Access to qualified professionals & talented accounting team

� Detailed reporting according to your need

� Timely tax compliances resulting into savings in interest & penalty

� Need based trusted tax advice from experts

� Attrition and turnover of accountants is managed well

� Technological Edge

� Savings in initial set up costs of an accounting division i.e. investment in a

computer system and other related hardware, accounting package, a desk space

for an accountant, recurring costs etc.

� Improves your ability to focus resources and attention on core business

processes

� Gives scalability: increase of accounting work can be handled a lot easier way


Account Officer Account

Executive

A MODEL


CTS

National Head Office

Franchise Office

YOU - the entreprenuer

Account Executive

Tax ExecutiveAdmin / Office

Assistant

Franchise Office


A MODEL CTS FRANCHISE OFFICE STRUCTURE

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Admin / Office Assistant

Franchise Office


CTS FRANCHISE OFFICE STRUCTURE

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BUSINESS ROLE

National Head Office:

� Owns the brand CTS and sells rights (franchise) to use this brand in various places

� Supervises the growth and development of all the franchise

� Develop and conduct training programs for the franchise offices

� Develops accountability of the franchise to build quality assurance for the clients

� Builds the network of CTS offices to bring the best of accounting professionals

under 1 brand

� Develop a framework for working on specialized/customized requirement of

franchisees

� Continuous support to the franchise in various development efforts

� Keeps franchise office updated with latest norms in the industry

Franchise Office:

� One stop shop for all types of accounting and taxation needs of an enterprise/

individuals

� The franchisee is a direct point of contact for the clients and is the face of the

Company

� To manage the accounting, taxation and compliance requirements of clients

� To ensure that the deadlines in terms of tax payments and return filings of the

clients are met

� To maintain a healthy and cordial work atmosphere in the office

� To ensure that the office is well equipped and adequately staffed at all points of

time

� To maintain the standards of CTS services as prescribed by time to time by the

National HO

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TERMS AND CONDITIONS

Financial Terms:

� Initial Franchise fees : Rs. 1,00,000/- with franchise rights for 5 years, with an

option to renew the same at the end of the term with the same amount

� Continuing franchise fees : Rs. 5,000/- per month per office which shall start after

90 days of date of signing of agreement

� Franchise transfer fees: Rs. 25,000/- for more than 25% of change in

shareholding.

� Increment of 10% in monthly fees every year.

Other Terms:

� Office Space Requirement – Minimum 300 sq ft

� Office Equipment Requirement –

o 2 computers with Scanner/ Printer

o High Speed Internet

o Land Line

o Adequately furnished

� Each Office is independently owned and operated; giving you the right amount of

flexibility to grow your business

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� The term of franchise shall be for a period of 5 years from the date of signing

with an option to renew the same at the end of the term

� Territorial rights: Each franchise office will get a territorial right 2 km radius (line

of sight) from his office. We will not allot any other franchise office in that

territory without permission from the existing office(s) in this territory. Clients

are however not required to deal with the nearest office and can deal with any

office as per their choice.

� Website presence: Each franchise office will get contact details on our website

and also get 5 CTS email ID per office.

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TOP 10 REASONS TO BUY CTS FRANCHISE

� Be in business not by yourself, for yourself

The unique business model of CTS allows you to ensure that you are in the

business for yourself as you have unlimited growth potential but you are not

necessarily doing everything independently. The National HQ and other franchise

offices as and when they get established are a constant support to grow your

business.

� Fixed fees model: Don’t share your revenues

Most franchise opportunities have a revenue sharing arrangement which over

time becomes a cost bigger than the initial investment. Further, over time what

you need is support on specialised things and not support on every account that

you handle leading you to question whether you should share your revenue on

every penny that you make.

� Get support on Technology which your vendor cannot provide

Accounting and tax software that we use like Tally and Kitret have their own

intricacies/ complexities and their support team is not necessarily well equipped

to handle the queries that practicing accounting executives face. CTS HO provide

the necessary functional training on such accounting & tax softwares.

� Common Brandname

Brands are built on the basis and quality of service that they are able to provide.

A common brand name being used by multiple franchise offices across the

country ultimately builds a platform for us to position ourselves as the accounting

experts of choice. It is difficult for individuals to build a brand but several

individuals working for a common brand do successfully create a big brand.

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� Result oriented Training

Training has always been an issue within our industry. Although training on a lot

of technical matters is available, it is generally knowledge-based which does not

have any direct impact to your revenues. It is essential that we are able to

combine the resources of various people across the country and use them to be

able to help your business grow.

� Support Center

Our support centre ([email protected]) will provide you assistance on all

business related problems to be able to help you to grow your business. You will

never need to say NO to a client for your lack of information on the subject.

� Proven Lead Generation Techniques

Various means of marketing and advertising are available in the market today.

Any entrepreneur faces a challenge on deciding where to spend and where not to

spend. Although what works in a particular area might not work in another area,

our proven lead generation methods have successfully helped us grow the

business many times over.

� Network of offices over geography and specialisation

Network of collaborative offices spread over the country help you to provide

services to companies across geography and across their business requirements.

Say for e.g. a restaurant chain spread in 40 cities of India and having 300 outlets

in various parts of the country will need a good accounting company to manage

it’s accounting and tax compliances. A combination of local and national

knowledge gives the right competitive edge for each one of us to grow.

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� One-stop Shop

CTS franchise aims to be a single point of contact for all the accounting, taxation

& compliance solutions of any enterprise/ individual. At the time when the law

scenario of the country is ever changing, it is very important that a businessman

has an agency which can cater to financial needs of the business under one roof

so that he can focus on what is most important – running his business.

� Because you still can !

Be it a growing economy or a shrinking economy, accounting business shall

always be the need of the hour for the successful running of any business. As of

now, this is still a very unorganized sector with immense potential to grow; and

hence making it a right time to invest in CTS franchise.


� Book keeping

Basic stream of revenue shall be from outsourced

include exhaustively from passing routine entries till preparation of annual

accounts at the year end and getting the same audited.

Referral Commission

Business Startup Service


REVENUE STREAMS

Basic stream of revenue shall be from outsourced accounting services. This shall


accounts at the year end and getting the same audited.

Book Keeping

Direct Tax

Advisory Serices

Indirect Tax

ROC/ LLP Compliances

Payroll Services

Referral Commission

Business Startup Service

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services. This shall


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� Direct Tax compliance

This shall include catering to Income Tax (IT) and Tax Deducted/ Collected at

Source (TDS/ TCS) compliances. It shall include IT return filing, quarterly TDS/ TCS

return filing, Wealth Tax return filling, calculation & deposit of advance tax etc.

� Indirect Tax compliance

With the government shifting focus from direct taxes to indirect taxes, they have

become important like never before. With the introduction of negative list under

Service Tax, it becomes important for the businessman to comply with the same.

Indirect taxes includes calculation & return filing for Service Tax, Sales Tax, Excise

and Customs. Sales Tax is governed under the state statute; whereas the rest

shall fall under the purview of the Central Government.

� Business Start up services

Starting a business in India is a cumbersome process. Apart from the competitive

environment, the legal framework makes it difficult for the new entrepreneur to

cope up with the setting up process. Business start up includes guidance for

setting up an enterprise with the least hassles and in shortest possible time by

giving appropriate guidance to choose the right option with proper information.

� ROC / LLP Compliance

As per Indian laws, every business enterprise has to comply with host of legal

authorities. The cost of non-compliance directly hits your profitability and gets

you on the radar of government officers. Non-compliance costs always exceed

the compliance cost in the long run. With well defined compliance systems,

clients are assured of the best compliance possible.

� Payroll Services

Organisations are built by humans and not by numbers. Payroll services

comprises of human resources consulting with respect to forming policies and

legal compliances.

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� Advisory Services

Clients face a lot of complex issues in day to day functioning of their business. A

panel of experts amongst the network aim to provide advisory services on such

issues. Giving an expert opinion on any complex issue can also be a revenue

stream.

� Referral Commission

Referring the existing or new clients to someone other franchisee in the network

will also generate revenue by way of referral commission. Taking into

consideration the geographical limitations and the lack of expertise in each area

of work, the referral commission can also become a sizable income stream.

YOUR PATH TO A CTS FRANCHISEE…

� Visiting CTS Headoffice

� Clearing an Aptitude Test

� Understanding the terms and conditions of the Franchise Agreement

� Signing the agreement along with payment of Initial Franchise Fees

� Undertaking Induction Training Program at the HO

� Opening the CTS Franchise Office

� Build relations and grow your business !

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