“Tranquil Business paints the best financial picture of any company. We’ll help you understand what’s going on inside your business and will help with each finance-related query.
Tranquil Business Private Limited is an accounting firm that was incorporated in 2020. It started as an LLP in 2016 by CA Jay Shah and CA Drashti Shah. Both of them are certified accountants.
We provide total business solutions to small businesses and entrepreneurs. From incorporation and maintaining books of accounts to higher-level solutions like system implementation and transformation of the current accounting system. We serve several countries, mainly Canada, the USA, Australia, the UK, Singapore, and the UAE.
Our Services include accounting and bookkeeping, Payroll processing, GST/HST filing, Tax Planning and Consultancy, Tax Filing, Financial Reporting, Management Consulting, Project Finance, Business registration, and Foreign Company setup.
Our Founder's Achievements
CA Jay Shah
- He is a chartered accountant and has served accounting services for more than 12 years. He has worked with different industries. Including- the IT sector, pharma sector, food & drug industry, manufacturing industry, real estate, and event management companies across India.
- Helping many foreign companies with Indian setup, registration, and legislation through his Company Tranquil Business Private Limited
- He is an expert in managing internal audit reports, financial statements, tax returns, and journal entries.
- Excelled in Balance sheets preparation, IFRS, TDS, and company audits.
- Stepped into Financial & Accounting Outsourcing/Offshoring industries in 2019 and gained huge success.
CA Drashti Shah
She is an India-based Chartered Accountant (CA, ICAI) who has an experience of more than 6 years. She provides accounting and bookkeeping services for Australian, Canadian, and US clients.
Having In-depth knowledge of Australian accounting, Tax rules & regulations expand the range of provided services as follows:
- Accounting & Bookkeeping, Accounting Software Setup & Support, Generate and maintain accounting books. Accounting softwares – MYOB, Xero, Quick book, Sage, Saasu, Zoho Book, etc.
- Accounts Receivable & Accounts Payable Management
- Bank Reconciliation (excellent solving & analytical skills) & Charts of accounts (account code mapping)
- Preparation of user-friendly work papers (with applied navigation link), which includes interaction between GST, FBT, and Income Tax. Loan imbursement-disbursement (for Division 7A Companies too), Calculation of motor vehicle expenses, depreciation values, etc.
- Preparation Financial Reports – Balance Sheets (Categorizing types of accounting entries -Assets, Liability, Capital), Profit & Loss sheet, Cash Flow management.
- Preparation of Budget reports & Forecasting.
- Provide excellent support and recommendation regarding financial policies & procedures, strategies to adhere to legal requirements, etc.