Settlement Cash & Tax Clash: Product Liability Edition
Settlement Cash & Tax Clash: Product Liability Edition

Settlement Cash & Tax Clash: Product Liability Edition

From a legal perspective, when individuals and businesses get a lawsuit settlement, it is important to know the tax regulations. Of all the basic types of settlements, product liability settlements are likely to have special tax features. The taxes applicable…

Risk Right, Map Smart: The New Era Of Process Audits
Risk Right, Map Smart: The New Era Of Process Audits

Risk Right, Map Smart: The New Era Of Process Audits

Business operations evaluation depends on process audits for standard compliance assessment. Businesses achieve performance enhancement through the integration of risk-based methodology with process mapping technology. These techniques enhance audit results by working together to create operational efficiency. Why a risk-based…

Digital Accounting: Smarter Efficiency & Backup
Digital Accounting: Smarter Efficiency & Backup

Digital Accounting: Smarter Efficiency & Backup

One of the significant transitions in accounting has been digital accounting replacing the traditional methods of accounting to handle financial records. This has benefitted many of the companies largely by streamlining their business through meticulous accounting processes, and reduction of…

Streamlining Finance With Automation Tools
Streamlining Finance With Automation Tools

Streamlining Finance With Automation Tools

Successful business operations in today’s high-speed industrial environment demand continuous management of financial leadership challenges. Antecedent automation software now serves as a modern breakthrough that assists complex accounting work through automation while lowering human mistake susceptibility. Many companies across all…

Luxury under Income Tax Lens: New TCS Rules Notified
Luxury under Income Tax Lens: New TCS Rules Notified

Luxury under Income Tax Lens: New TCS Rules Notified

Introduction As per section 206C of the Income Tax Act 1961 (“the Act”), Tax Collected at Source (“TCS”) is a tax that sellers collect from buyers at the time of sale of specified goods. The applicable TCS compliances are: Collection…

The Right Address: A Make-or-Break Factor for Business
The Right Address: A Make-or-Break Factor for Business

The Right Address: A Make-or-Break Factor for Business

The choice of proper location is a very vital factor in any business as it impacts operations, customer reach, expenses, and growth. Business location advisory is the selection process of a location depending on factors such as accessibility, the target population,…

Divide and Secure: How Segregation Strengthens Internal Financial Control
Divide and Secure: How Segregation Strengthens Internal Financial Control

Divide and Secure: How Segregation Strengthens Internal Financial Control

Internal financial control is one of the best practices that serve the purpose of accuracy, integrity, and credibility of the financial system in an organization. It refers to measures put in place to protect and maintain the value of the…