- House 51, Road 14, Apt A1, Block G, Niketon, Dhaka, Bangladesh
- Office Time:
- Sunday to Thursday 10am to 7 pm
- Call Us:
- +8801714036279
- Email:
- shahrear@gkcit.net
Catch-Up Compliance Services
Overview
In today’s rapidly evolving regulatory landscape, maintaining compliance can be challenging for businesses. Falling behind on regulatory requirements can result in significant legal and financial repercussions. To mitigate these risks, our catch-up compliance services are designed to help businesses of all sizes realign with current regulations and standards, ensuring they meet all necessary compliance requirements effectively and efficiently.
Our Services
Regulatory Gap Analysis
- Conduct a thorough assessment of your current compliance status.
- Identify areas of non-compliance and potential risks.
- Develop a detailed report outlining gaps and necessary corrective actions.
Compliance Roadmap Development
- o Create a customized compliance plan tailored to your business needs.
- o Set realistic timelines and milestones for achieving compliance.
- o Provide resources and tools for tracking progress.
Documentation and Reporting
- Assist in the preparation and maintenance of required compliance documentation.
- Ensure all reports are accurate, up-to-date, and submitted on time.
- Implement robust record-keeping practices to support future compliance efforts.
Training and Education
- Offer comprehensive training programs for employees at all levels.
- Provide educational materials on regulatory changes and compliance best practices.
- Facilitate workshops and seminars to foster a culture of compliance within the organization.
Ongoing Monitoring and Support
- Establish continuous monitoring systems to detect and address compliance issues proactively.
- Offer regular audits and assessments to ensure sustained compliance.
- Provide expert support and consultation for any compliance-related inquiries or challenges.
Catch-Up Compliance Areas:
Accounting & Reporting
Assisting clients to account for all transactions in the non-compliant periods, in accounting software of their choice. Subsequently, we prepare periodic and annual financial statements for management, regulatory and statutory reporting purposes. We further assist in audits of these financial statements.
HR & Payroll
Reviewing payroll transactions for the non-compliant periods and re-calculate taxes payable/deductible for all employees. We assist in preparation of all regulatory filings related to HR & Payroll and arrange the submission of the same to achieve compliance.
Secretarial Compliance
We review all corporate documents and actions intended during the non-compliant periods and prepare documentation to formalize the same. We arrange for any missed regulatory filings such as annual returns, issue of shares, change of Directors etc.
Tax & VAT Compliance
We run a review of each transaction during the non-compliant periods to assess potential tax liabilities, interest, and penalties and:
- Arrange for submission of delayed tax and VAT payments.
- Prepare and submit all reporting to tax and VAT authorities for the non-compliant period.
- Coordinate with tax authorities on the missed filings and formulate catch up strategy.
- Submit annual corporate income tax returns and obtain tax clearance and assessments.