In the modern business world, profits, innovative thoughts, and growth of the market are not the only measure of success. Credibility, reputation and trust are equally important. This is whereby business tax compliance is very crucial. Business tax compliance is often viewed as a legal requirement by many organizations though it is in fact a…
Financial performance is no longer the sole unit of value when it comes to companies of the contemporary investment scenario. The aspects of Environment, Social, and Governance (ESG) have become potent forces in defining investment choice and business worth. Shareholders globally are now more concerned with sustainable operations, ethical business practices and long-term accountability. Consequently,…
The emergence of online business has been of immense convenience to organizations but has also provided an opportunity to increase numbers of cyber-crime and internet financial fraud. A small or emerging business is usually the most susceptible since they are yet to establish a system, trust framework and internal controls. It is at this point…
Intrusion in the stability of a company, its reputability, and its everyday activities can be quite severe because of shareholder disputes. Mistrust and differences of opinions in the stakeholders are caused by differences in financial performance, misappropriation of funds, related-party transactions, or decision-making by the management. Where conflicts arise, it is necessary to have objective…
GST compliance may be put by the wayside in many small businesses in the busy working periods. Nevertheless, the late returns or tax payment might result in the late fees and interest that gradually contribute to the financial burden. These charges are vital to understand to comply well and have a cash flow plan under…
Fixed assets in most organizations are a huge investment. Machinery, IT equipment, vehicles, furniture and tools are supposed to sustain day-to-day operations and long-term growth. Moreover, one of the problems that are typical and expensive to businesses is the existence of ghost assets. They are held assets that are recorded but are not presenting, unusable…
At the initial phases of start-ups, money management is the biggest challenge to most start-ups. Despite the great idea of the product, there are a lot of young businesses which fail to meet expectations due to the shortage of money before the expected time. This financial strain can be avoided early in life, which is…
All businesses (big and huge) are required to abide by a certain type of tax compliance to operate seamlessly. These compliances do not occur once every year; they affect day-to-day operations, decision making, and financial planning. The knowledge of the impact of each kind of tax compliance on the daily business operations will assist the…
One thing that businesses of all sizes struggle with annually is to remain in line with tax deadlines. Late filing or filing wrong information may attract undesirable punishments, interest and even legal notifications. These are not only financial problems but also impact negatively on the credibility of a company. To prevent this, most organizations in…
It has often been observed that there comes a point when a small or a large business cannot be checked on accounting regularly. With the expansion of companies, transacting activities are increased, teams are expanded and financial responsibilities grow more complicated. During these moments, chances of errors, misconduct or fraud are also increased. It is…
