Internal Audit

Internal Audit & Business Process Review Services

(Tailored for Small Businesses, Traders, and Local Industries)

At Tax Craft Services, we specialize in offering Internal Audit & Financial Review Services to support small businesses, traders, and local industries in streamlining their accounting, tax compliance, and internal financial processes. Our focus is on improving internal controls, identifying inefficiencies, and ensuring proper documentation and records – all aligned with applicable laws and business requirements.

We wish to clarify that these services are not statutory audits as defined under the Companies Act or any regulatory body, and are not conducted as Chartered Accountants under ICAI jurisdiction. Instead, these are voluntary and business-support services, offered by experienced Tax Consultants having over 25 years of hands-on expertise in:

  1. GST Compliance & Filing
  2. Income Tax Planning & Returns
  3. TDS Management
  4. Accounting Systems Setup & Review
  5. Inventory & Cash Flow Monitoring
  6. Business Process Streamlining
  7. MIS Report Preparation for Business Decisions

Why Internal Financial Reviews Are Important for Small Businesses?

Small and medium enterprises often lack dedicated internal control systems, leading to compliance issues, revenue leakage, or inefficiencies. Regular internal reviews help businesses:

  • Detect accounting or tax errors early.
  • Prevent potential GST or IT department notices.
  • Maintain better control over purchases, sales, and inventory.
  • Ensure proper document trails for future assessments or funding.
  • Make better financial decisions with proper MIS and analysis.

Who Should Consider This Service?

  • Small manufacturing units
  • Retail shops and traders
  • Service providers
  • Partnership firms and proprietary businesses
  • Start-ups and growing enterprises

What Makes Us Different?

We are not statutory auditors, but professional tax and accounting consultants dedicated to helping businesses operate smoothly and grow confidently. Our team understands the local business environment, sector-specific challenges, and practical solutions tailored for micro, small, and medium enterprises (MSMEs).

Note: This service is not a substitute for audits conducted under the Companies Act or by a Chartered Accountant. We respect the guidelines of the Institute of Chartered Accountants of India (ICAI) and provide our services strictly within the professional boundaries permitted for tax and accounting consultants.

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