About the Company

Deliciae, a renowned patisserie brand in Mumbai, has emerged as a prominent name in the dessert industry, thanks to Bunty Mahajan’s passion for baking. In 2004, Bunty Mahajan started Deliciae as a small cafe at Out of the Blue, where she created delicious cakes and desserts for her friends and family. Her talent and dedication soon gained recognition, and Deliciae became a brand known for its gourmet, wedding, and custom cakes and desserts.

With over 16 years of experience in patisserie, Bunty Mahajan has been the backbone of Deliciae. Her expertise in baking and her creative ideas have led to the brand’s success, making it one of the most reputed patisserie brands in Mumbai. Deliciae is known for its exquisite range of desserts, including cupcakes, macarons, tarts, and much more.

Deliciae’s cakes and desserts are made with the finest ingredients, ensuring that every bite is a burst of flavors. The patisserie brand’s team of skilled bakers uses only the best quality ingredients to create their delicious desserts. Their cakes are not only visually stunning but also a treat to the taste buds.

Over the years, Deliciae has received numerous accolades for its exceptional desserts. In 2020, the brand won the Times Food Awards for the Best Patisserie in Mumbai, which is a testament to their hard work and commitment to excellence. The following year, Deliciae won the Best Patisserie for Delivery in 2021, further cementing their position as one of the top patisserie brands in the city.Deliciae’s desserts are not just limited to Mumbai; they also cater to customers outside the city. They offer delivery services to various locations across India, making it possible for people from different parts of the country to indulge in their delectable desserts.

Challenges faced by Deliciae

Deliciae is a company that is currently facing several accounting challenges that are hindering its financial operations. This article will delve into the details of these challenges, which include compliance issues, problems with the financial management system (FMS), Goods and Services Tax (GST) filing difficulties, and issues with Tax Deducted at Source (TDS).

Compliance Challenges:

One of the primary challenges that Deliciae is currently facing is compliance issues in its accounting practices. This means that the company is not adhering to the necessary laws and regulations governing its financial operations. Failure to comply with accounting standards can result in severe financial and legal repercussions, such as fines, penalties, and loss of reputation.

FMS Challenges:

Another significant challenge facing Deliciae is with its financial management system (FMS). The FMS is a critical tool used to track financial transactions, generate reports, and manage the company’s finances effectively. However, due to compliance issues, Deliciae has not been able to fully utilize its FMS, resulting in inaccurate financial reporting and difficulties with tax filings.

GST Filing Challenges:

Deliciae is also facing challenges with its GST filings. GST is a tax levied on the sale of goods and services in India, and businesses are required to file regular GST returns to the government. However, due to compliance and FMS issues, Deliciae has been unable to file accurate GST returns, leading to penalties and fines from the government.

TDS Issues:

Lastly, Deliciae is facing challenges with Tax Deducted at Source (TDS), which is a system for collecting taxes at the time of payment. Deliciae’s TDS is not working, leading to discrepancies in tax payments and reports.

Conclusion:

In conclusion, Deliciae’s accounting challenges are significant and require immediate attention. Compliance issues, FMS challenges, GST filing difficulties, and TDS issues are all contributing to Deliciae’s accounting woes. The company must take steps to rectify these issues to ensure accurate financial reporting, proper tax filings, and compliance with the law. Failure to do so can result in severe financial and legal consequences.

Our Approach

Deliciae, a company facing several accounting challenges, sought the assistance of Brego Business, an accounting firm specializing in addressing such issues. This article discusses how Brego Business was able to help Deliciae resolve its accounting challenges and focus on growing its business.

Addressing Compliance Issues:

One of the primary challenges that Deliciae faced was compliance issues in its accounting practices. Brego Business helped Deliciae understand the various laws and regulations governing accounting practices, ensuring that they were adhering to these standards. Additionally, Brego Business provided guidance on how Deliciae could improve their compliance procedures and prevent similar issues from arising in the future.

Resolving FMS Challenges:

Deliciae also faced significant challenges with its financial management system (FMS). Brego Business conducted a comprehensive review of Deliciae’s FMS, identified the root causes of the problems, and provided a range of solutions to address them. Brego Business worked closely with Deliciae to implement these solutions, ensuring that the FMS was functioning optimally and generating accurate financial reports.

Filing Accurate GST Returns:

Another significant challenge that Deliciae faced was filing accurate GST returns. Brego Business provided a range of solutions to enable Deliciae to file accurate GST returns. The firm ensured that all necessary documents were in order, the proper tax rates were applied, and all necessary deadlines were met.

Resolving TDS Issues:

Lastly, Deliciae was facing challenges with Tax Deducted at Source (TDS). Brego Business identified the root causes of these issues and provided a range of solutions to address them. The firm worked with Deliciae to ensure that their TDS was working correctly and that all tax payments and reports were accurate.

In conclusion, Brego Business was able to help Deliciae resolve its accounting challenges and focus on growing its business. By addressing compliance issues, FMS challenges, GST filing difficulties, and TDS issues, Brego Business provided comprehensive solutions that enabled Deliciae to operate more efficiently and accurately. The firm’s guidance and expertise allowed Deliciae to focus on its core business operations, secure in the knowledge that its accounting was in good hands.

The Result

Brego Business was able to provide comprehensive solutions to Deliciae’s accounting problems, enabling the company to operate more efficiently and accurately. By addressing compliance issues, FMS challenges, GST filing difficulties, and TDS issues, Brego Business helped Deliciae to resolve its accounting challenges and focus on growing its business.

One of the most significant outcomes of Brego Business’s assistance was improved compliance. Deliciae was able to understand the various laws and regulations governing accounting practices, and with Brego Business’s guidance, improve their compliance procedures. This not only ensured that Deliciae was adhering to accounting standards, but it also prevented similar issues from arising in the future.

Another significant outcome was the successful resolution of FMS challenges. Brego Business conducted a comprehensive review of Deliciae’s FMS, identified the root causes of the problems, and provided a range of solutions to address them. This allowed Deliciae to generate accurate financial reports and operate more efficiently.

In addition, Brego Business’s assistance with filing accurate GST returns was crucial. The firm provided a range of solutions to enable Deliciae to file accurate GST returns, ensuring that all necessary documents were in order, the proper tax rates were applied, and all necessary deadlines were met.

Lastly, Brego Business’s assistance with resolving TDS issues was also significant. By identifying the root causes of the problems and providing solutions, Deliciae was able to ensure that their TDS was working correctly and that all tax payments and reports were accurate.