The past decade has witnessed a complete 360 degree transformation of the Indian dream, shifting significantly from finding jobs in top MNCs to becoming a revolutionary entrepreneur. However, while the dreams of owning a business flourish, the reality of complex tax codes and unclear legal jargon leaves young entrepreneurs, freelancers, and business owners in a conundrum. With continually evolving tax codes, navigating through the intricate web, trying to save on tax and identifying the most beneficial route is critical.

Identifying the grave need for guidance in this landscape, CA Suraj Soni laid the foundation of Myfintax in 2021. Based in Bhilai, the company extends beyond chartered accountancy services, helping businesses maximize their funds. The platform which stands for ‘My finance and tax’, empowers every entrepreneur and individual to understand their money better, take the right steps, and build a stronger future. On the mission to democratize financial awareness, particularly for first-time entrepreneurs and small business owners, the platform strengthens every client’s financial journey.

Comprehensive Consulting Solutions

Catering to Indian and global clients, the company’s scope of services encompasses company registration, GST, ITRs, trademarks, and more. However, this is not where it ends. Going beyond the boundaries of a service provider, Myfintax has evolved into a consultant and partner, educating clients

about improved planning, investments, and tax saving techniques that help early businesses thrive. Since its founding, the company has assisted startups in saving lakhs of rupees in tax benefits by strategically identifying optimal government schemes to enroll in, and shaping the business structure carefully.

Offering unique solutions that align with the specific dream and vision of each business, the company effectively leverages legal and tax decisions that aid the particular vision. With these methods, the firm has empowered several young entrepreneurs to streamline and structure their business from scratch in a beneficial manner. Intricacies like opting for the optimal co-founder agreement, registering under Startup India, or avoiding penalties by setting up proper ROC and GST systems are discussed in detail.

“What makes us different is that we don’t just ‘register' your company. We walk you through the implications of every structure, explain the hidden compliance requirements, and show you how to use your setup to minimize taxes and prepare for funding”, shares CA Suraj Soni, Founder, Myfintax.

As an end-to-end legal and financial partner for startups, the company offer services like selecting the right structure, securing validation through relevant registrations, filing for IP protections, managing ITR filings, GST, and more, supporting with investment compliance, share holding structuring, and virtual CFO services, and when the firm matures, it offers guidance on tax optimization, cross border transactions, and more.

Growing Steadily

Armed with a team of over 25 professionals consisting of CAs, CSs, as well as legal experts, the company maintains an edge, ensuring through weekly meetings to stay ahead of the industry changes and regulatory reforms. The firm proactively updates its client base through notifications via WhatsApp alerts, newsletters, and compliance calendars, ensuring businesses remain aligned with the changing industry dynamics.

In addition to these measures, it also hosts live webinar sessions, to explain any major changes such as budgetary reforms, changes in GST Rules, and others. By offering these services, the company effectively empowers clients to focus on their core business, while the team at Myfintax handles their compliance status in the background.

These methods have strengthened the firm to develop a unique position for itself in the industry, becoming a trusted name as India’s most founder friendly legal platform. Looking ahead, it plans to develop a mobile app, vernacular content, AI-based compliance alerts, and global startup support, to make finance and tax right for everyone.