In any business, payroll management is an essential and often complex task. To ensure that employees are delivered accurately and on the term, payroll professionals must keep up-to-date records, make timely tax payments, and comply with various federal and state…
As a business owner or financial manager, it’s essential to maintain accurate financial records and keep track of all financial relationships with customers and suppliers. One of the critical tools in maintaining these relationships is debtor/vendor reconciliation, a process of…
The accounting of the company is not the only thing for the tax advisor or the business accountant. Four actors are interested in knowing the status of the business’s accounting: the company, the company’s partners, the company’s advisor, and the…
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…
Accounting in one form or another has existed for a very long time and appeared around the time people began to engage in trade. This kind of accounting makes sense because if we want to conduct business in an organized…
“Why do you need an accountant?” generally, the answer to this question is given as “To keep the accounting of the company and to fulfill the liabilities against the finance”. Accountants are positioned as sort of “tax accountants”. However, most…
In the Pre-GST era, many debatable issues had been settled by various high court judgments. Among the various issues, one of the burning issues, which was highly debatable even before GST came into the picture was whether ITC would be…