If you have a car, a flat, you always register it to make sure that it is your property. So why don’t we do the same when we have a company? To inform a public body that you are the…
New Section 194Q – TDS on Purchase of GOODS
This section has been inserted by Finance Act 2021 which will be effective from 01-July-2021. Applicability The buyer is liable formaking payment of a sum to the resident seller and related payment is to be make for the purchase of…
New Version of Slump Sale
The Finance Act 2021 always came up with several amendments to the existing provisions. One new amendment has beenintroduced by the Finance Act 2021with respect to the scope of Slump Sale and Computation of Capital Gain in the case of…
What Competencies and Skills Does an Internal Auditor Have?
The profession of an internal auditor is very interesting, but at the same time, it is responsible and requires a significant amount of knowledge, skills in working with arrays of often unstructured information, systematic thinking, understanding, and adherence to professional…
The Presence of Internal Audit: A Positive Signal for Investors
In addition to control tasks, internal auditors can perform economic diagnostics, develop a financial strategy, conduct marketing research, and management consulting. Internal audit is an independent study and assessment of all aspects of an organization’s activities: improving the efficiency of…
Take Help of Accounting for Smooth Running of Your Business
The accounting records in a company are essential for its success, since, in addition to helping in making strategic decisions, it is the way to constantly evaluate the state of its finances and guarantee its profitability. The importance of keeping…
Reasons Why Accounting Is Considered So Important for a Business
The accounting in the company is a necessary process that serves to meet the economic conditions of the same. It is practically impossible to have reasonable management of an organization without knowing exactly its financial numbers and circumstances, its…
Making Career in Internal Auditing- Is It Beneficial?
A few years ago, it was not accepted to talk about internal audit as a profession. In many companies, employees of internal audit services or specialists acting as internal auditors have held positions of economists, financial analysts, and accountants.…
Business Start-Up Advice: How Advisors Help Founders to Become Self-Employed
From financing errors to deficiencies in the business plan: The reasons why business start-ups fail are often due to a bad start. No wonder: The step into self-employment is complex and holds many pitfalls. This makes having professional support more…
Align Your Finances With Your Accounting
Many companies start their operations with a lot of courage and effort, clear and good ideas, and excellent plans, but they focus more on marketing and sales than on internal processes that are fundamental for their operation, such as correctly…