Subsidiary Accounting

Subsidiary Accounting

While you do business with clients in the US, at some point of time, itwill start making better sense, to have your own Subsidiary Companyto manage your business in the US.

While considering this decision of having this subsidiary, you need totake care of all the tax and legal implications, both in the US as wellas in India

At OATS, we help you to set up and manage all the accounting andfinancial aspects of this subsidiary

Range of our services

Set-upMonthly/Annual

AccountingCompliances Consolidation

• Help set up subsidiary

• Tax registrations

• Info on various

alternatives with

respect to types of

organization

• Invoicing, Receipts, AR

reports, Bank

reconciliations

• Vendor payments, AP

reports, Expense

re-imbursements

• Fixed assets and

depreciation

• Payroll and allied

services

• Monthly/ Annual MIS

• Providing

information to local

tax advisor for

federal, state and

local tax

compliances.

• Tracking

compliance

calendar and

reporting to

management.

• Preparing

consolidated

financial

statements of the

holding company

and its subsidiaries

Illustrative Case – Finance & Accounts outsourcing

4

Client : An mid-sized IT company with HQ in India and operations in the US

Need : The Company was signing on new customers in the US. They felt that it would be useful to set up a subsidiary in the US to manage the US business more efficiently

Benefits• Hassle-free financial operations for the US subsidiary• Easy to consolidate financials statements at Parent company level• Company could focus its efforts on growth initiatives

Solution :• Assistance with the US subsidiary set up and tax registrations• On-going monthly / annual financial MIS including invoicing, receipts,

AP accounting, payments, Payroll and bank reconciliation• All Tax and legal requirements fulfilled for both the holding company

as well as the US subsidiary

About OATS

• OFFSHORE Accounting & Taxation Services (OATS) offers customer-centric Finance & Accounts outsourcing solutions.

• Combining years of experience, cross-domain expertise andleveraging technology.

• OATS delivers cutting edge solutions to make ‘simplified accounting’ areality

• With the right investments in technology tools, a capable team and astrong network comprising of Certified Public Accountants, CharteredAccountants, Cost Accountants, MBA Finance, Company Secretaries,OATS provides unique value to its customers.

• OATS is entirely committed to deliver a superior customer serviceexperience and help you focus on you core business

Benefits

Hassle free experience in setting up and managing the Accountingand financial aspects of the subsidiary

Meet all the legal and compliance norms leveraging our experienceand knowledge

Easy to consolidate financials across holding company and itssubsidiaries for reporting / analysis

Allows you to focus on your business growth with all the accountingand financial reporting taken care of

Contact us

OFFSHORE ACCOUNTING AND TAXATION SERVICES PRIVATE LIMITED

Sujam, Survey No. 81/5B

Plot No. 1, Chandragupta Housing Society,

Behind Maharaja Complex

Paud Road, Kothrud

Pune – 11038. INDIA

Contact@oats.co.in

www.oats.co.in