What are Auditing and Assurance Services? Auditing and assurance services increase the credibility of financial statements, thereby ensuring that they represent a true and fair view of an organization’s financial position. While auditing refers to an independent examination of financial statements, assurance services relate to a statement that is issued on the reliability and accuracy…
Anyone who is thinking to start a business must understand the comprehensive process of formation of a new company. This includes legal, administrative, and financial processes. These processes are important to lay a strong foundation of the businesses. This blog is a complete guide to explain the major steps of company formation. Choose the type…
The current business world is considered very dynamic, thus facing numerous risks. There exist many types of risks that can cause disruptions in operations, such as natural catastrophes, cyber attacks, and global pandemics. In the light of such a business environment, all businesses must remain productive even after such forms of disruptions. This calls for…
One Person Company is a new form of business entity in India, wherein a single person can form the company. However, it provides the freedoms of an individual trader and some structure of a private limited company. OPC is beneficial to the owners of the businesses as it helps in running and expanding their businesses…
In recent years, Advisory services in India have gained a massive demand as individuals and businesses always deal with complex financial, legal, and other business challenges. Whether it is a start-up entrepreneur, an individual investor, or an established business, each one of them requires guidance in strategy and decision making. This blog explains various business…
In this digital era, cloud storage has become the required solution for data management and protection. Due to the constant increase in the rate of data generation and accumulation, many organizations and people are now looking for more effective and secure solutions for data storage that not only allow easy access but also provide high…
Starting a business in India offers exciting opportunities, but it also comes with numerous legal requirements that must be met. One of the most important aspects of setting up a business is ensuring compliance with laws that govern ownership and other operational regulations. Without proper adherence to these laws, business owners may face challenges, including…
In today’s fast-paced business world, it is more important than ever to keep the numbers straight, and digital accounting is a rising star in this field. However, digital accounting systems involve a structured approach as opposed to manual accounting systems, which eliminates human errors, enhances speed and efficiency, and offers real-time information. Thus, implementing digital…
Goods and Services Tax (GST) registration is essential for businesses to maintain their smooth and sustainable operations. GST is an indirect tax launched by replacing other taxes like service tax, VAT, and excise duty. For established businesses or even start-ups, GST registration is important to avoid legal complications and to get major tax benefits. This…
Since the last decade, India has seen a paradigm shift in its business environment; the change that was implemented made it easier and more efficient for entrepreneurs to establish companies. In this direction, one of the significant moves has been of the simplification of the key policies for the formation of new companies in India…
