Low Cost Tax, VAT & Accounting Services

S. Rahman & Co. Chartered Accountants (SRCO), is offering expert Tax, Vat & Accounting services to businesses of all sizes in affordable cost. Our team of experienced vat Accountant, Tax and VAT professionals ensure that your financial management is efficient, compliant, and streamlined using tally prime accounting software. Whether you’re a startup, SME, or large enterprise, our services are tailored to meet your specific needs, helping you stay compliant with government regulations while optimizing your financial processes.

Our Core Services

1. Accounting Services

Keeping accurate and timely financial records is crucial for the success of any business. At SRCO, we provide a full range of  vat accounting services to help you maintain transparency and make informed decisions. Our accounting service include:

• Financial Statements Preparation: Comprehensive preparation of your Balance Sheet, Income Statement, and Cash Flow Statements, ensuring clarity and vat compliance with regulatory standards.
• Voucher Entry in Accounting Software: We ensure precise and timely voucher entries in leading accounting software such as Tally Prime, QuickBooks, and Xero, making your bookkeeping efficient and organized. We support providing software access, entrepreneur don’t need to purchase separate software to record accounting entries.
• Revenue and Expense Tracking: Maintain complete visibility over your business operations through regular tracking and reconciliation of your revenues and expenses.
• Monthly and Annual Financial Reporting: Stay updated with monthly and yearly reports that provide in-depth insights into your company’s financial health

2. VAT Services

Compliance with VAT regulations is essential for businesses operating in Bangladesh. Our VAT experts provide specialized services, ensuring your business adheres to the latest VAT rules and regulations, including:

• Monthly VAT Return Preparation: Avoid penalties by ensuring timely and accurate VAT return filing each month.
• VAT Documentation and Record Maintenance: We assist in maintaining complete and organized VAT documentation, making it easier to track and manage your VAT obligations.
• VAT Consultancy: Expert advice on VAT implementation, exemptions, and managing VAT disputes with the authorities.

3. Taxation Services

Tax compliance can be overwhelming for many businesses. Our team simplifies the process for you by offering expert tax services, including:

• Yearly Tax Return Filing: Ensure compliance with the tax authorities through accurate and timely tax return submissions for both individual and corporate clients.
• Tax Planning and Strategy: Maximize your use tax rate savings through effective income tax planning that aligns with your long-term business goals.
• Tax Audit Support: Get professional assistance in handling property tax & vat audit and resolving any tax-related disputes with relevant authorities.

4. Why Choose SRCO?

• Experienced Professionals: Our team of Fellow Chartered Accountants (FCA) and Certified VAT Consultant bring over 13 years of experience in providing trusted advisory services.
• Tailored Solutions: We understand that every business is unique. That’s why we customize our services to suit your specific needs and challenges.
• Modern Accounting Software: We specialize in Tally Prime, QuickBooks, and Xero, ensuring your accounting processes are integrated with the latest technologies, providing seamless automation and enhanced accuracy.
• Transparency and Compliance: At SRCO, we ensure that your financial reporting and compliance are managed with full transparency and in line with all government regulations.

Terms and Conditions

1. Scope of Services

1.1. SRCO provides professional accounting, tax, and VAT services, which include:

• Financial Statements Preparation
• Monthly TDS and VAT Return services
• Yearly Tax Return Filing
• Voucher Entry in software (Tally Prime, QuickBooks, Xero)

1.2. The services provided under this agreement are capped as low as BDT 50,000 per month (exclusive of VAT), and are subject to the following limits:

• Maximum of 350 voucher entries per month
• Total revenue volume capped at BDT 50 Lac per month

1.3. Beyond these limits, additional charges may apply based on the increased workload. A revised pricing structure will be discussed and agreed upon prior to providing services exceeding the capped limits.

1.4. Service Personnel:

• A dedicated accounts personnel will visit the business premises 2 days a week to enter and collect data.
• A manager may visit once a month for oversight and review.
• Consultations with the CEO/FCA are available upon request and by prior appointment. These consultations will incur additional fees.

1.5. Outstation Visits: For visits outside the Dhaka City Corporation, additional TA/DA costs will be charged separately.

1.6. Software License Costs: The service package does not include the cost of accounting software licenses. If the client requires an individual software license, it will be charged separately.

1.7. All payments must be made in advance before services are rendered.

2. Client Responsibilities

2.1. The client agrees to provide accurate, complete, and timely information, documents, and records necessary for SRCO to perform its services effectively.

2.2. The client is responsible for reviewing all reports, submissions, and vat filing before they are submitted to relevant authorities. SRCO is not responsible for any penalties, interests, or legal liabilities incurred due to inaccuracies or non-compliance on the client’s part.

2.3. The client agrees to comply with the service limits specified in Section 1.2. Exceeding the specified limits will result in additional charges, based on the additional work required.

3. Limitation of Liability

3.1. SRCO’s liability is limited to the services provided under the BDT 50,000 package and does not extend beyond 350 monthly voucher entries or a revenue volume exceeding BDT 25 Lac per month.

3.2. SRCO will not be held responsible for any penalties, interests, or legal liabilities incurred due to inaccuracies or non-compliance on the client’s part.

3.3. SRCO’s liability for any claims is limited to the total fees paid by the client within the period of service. SRCO is not responsible for any indirect or consequential damages.

4. Professional Standards

4.1. SRCO adheres to the ethical and professional standards set by the Institute of Chartered Accountants and other relevant regulatory bodies.

4.2. SRCO will notify the client if company policies or internal procedures hinder the fulfillment of contractual responsibilities. However, SRCO will not be responsible for client decisions made without proper consultation.

5. Confidentiality

5.1. SRCO ensures strict confidentiality regarding client information and financial data, except where disclosure is required by law.

5.2. All information exchanged via electronic communications will be handled with due care, but SRCO cannot guarantee complete security due to the nature of online platforms.

6. Force Majeure

6.1. SRCO shall not be liable for delays or non-performance of services due to circumstances beyond its reasonable control, including but not limited to natural disasters, government actions, or technological failures.

7. Dispute Resolution

7.1. Any disputes shall be addressed through negotiation or mediation.

7.2. Unresolved disputes shall be referred to arbitration under Bangladeshi law, and the arbitration decision shall be final.

8. Termination of Services

8.1. Either party may terminate the contract with 30 days’ written notice.

8.2. SRCO reserves the right to terminate services immediately in case of non-payment or breach of contract.

8.3. Upon termination, the client is responsible for paying any outstanding fees for services rendered up to the termination date.

9. Indemnity

9.1. The client agrees to indemnify SRCO against any claims or losses arising from the client’s non-compliance with tax laws, government regulations, or the terms of this agreement.

10. Amendments

10.1. SRCO reserves the right to amend these Terms and Conditions at any time. Any changes will be communicated to the client in writing and will take effect immediately.