The evolution of trade, business, and commerce has resulted in the constant growth and sophistication of the financial world. Accounting, the language of finance, has been established due to realizing the need to maintain a written record of every commercial transaction. Today, accounting is much more than just that and encompasses several crucial components of…
When it comes to handling your organization’s finances, it could be a daunting task to keep up with all the financial needs. Business owners turn to professional accounting firms for help and tax consultancy services. However, not all business owners are aware of the full range of services that accounting firms offer. In this blog…
Late payments in accounts payable (AP) are a common challenge many businesses face, but they can be managed effectively with the right strategies and tools. In this blog, we would discuss the importance of accounts payable, the consequences of late payments, and provide tips to help you reduce late payments and improve the performance of…
Compliance is a series of preventive activities for the protection of the company in the context of sector regulations, especially as regards risk management. The company compliance & advisory services India is of enormous importance for the modern organization and keeping up with the changes in regulations. More than a specific element of the company, compliance is…
Accounting is often seen by the entrepreneur as a necessary evil. Everyone knows that accounting is crucial and necessary for any business and yet the vast majority dread it. It is true that accounting still requires a little discipline and rigor and some knowledge. You possibly have a disfigured view of the financial reality 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 State. The company Everyone in a company has an interest in knowing the status of…
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 goods of the value/aggregate of the value exceeding INR 50 Lakhsin any previous year, shall,…
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 Slump Sale. With this amendment, the Central Board of Direct Tax (CBDT) has brought some…
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 proper accounting in the company is such that without it you would not know how…
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 relationships between assets and liabilities. This circumstance is true for both a large company and…
