Is there any need of a PF and ESIC consultant or Compliance Consultant or Tax Consultant for the businesses?
This question always arises in the mind of business owners. Frankly speaking “YES”; it worthy.
A business owner or an HR professional can handle PF, ESIC, LWF, PT, Accounts, Taxation and other labour law acts related work by gathering information from internet, can take tips from youtube videos but how many times will it work? and for how longer? There will be a time when you will get stuck. It impacts the businesses earn revenues and eventually businesses struggle for survival.
Combination of In-depth knowledge and Expertize require handling complete and smooth and updated working of any compliance services like Employee Provident Fund, Employee State Insurance, Labour welfare Fund, Professional Tax, Income Tax, Accounting and Payroll, which a consultant has. The consultant can handle highly complex situations with his personal touch with the related departments and he is always updated with new changes happening within every applicable act & segments.
Hiring a consultant is often more cost effective than maintaining full-time staff for specialized roles. It allows business owners to concentrate on their core functions while the consultants address specific challenges.
