To make a company more competitive in the market, prevent divergences, and make it regularized in the face of current legislation, it is essential to carry out a tax audit. It allows for the healthier development of organizations, regardless of size and segment. Some companies still ignore this tool, not because they don’t understand how…
The company’s financial health begins and ends with cash flow. This is nothing new for any manager, administrator, or accountant – or at least it shouldn’t be. However, even when the company regularly monitors its cash flow and makes decisions based on it, certain very common mistakes can compromise your entire business. Below mentioned are…
Every company or organization must have an auditor in charge to investigate it. So that you better understand whether you should choose an internal or external auditor, try to know the difference between internal and external audits first. When we talk about internal and external audits, many entrepreneurs have doubts about their differences and applications….
Does your company have tax debt? In this case, it is important to seek good practices to settle them as soon as possible. Because they can become a real snowball, resulting in fines, significant losses, and even punishments by inspection entities. Check out our tips to deal with the problem! 1) Avoid tax debt! Do…
The profession of a chartered accountant has grown considerably, and, in this sense, it is essential to surround yourself with competent people in this field for impeccable advice. Today, an accounting firm has a pool of knowledge depending on the specificity of the profession. The technical part of the accountant’s job is accounting (tax and…
Having an audit process in companies is synonymous with management and organization between companies, employees, and the market. Since the role of an auditor is to evaluate internal documents and procedures, they also analyze the accounting part to lead the company to the closest path to excellence. To evaluate the events of a company, two…
The ferocious second wave of COVID-19 threatens people’s lives as coronavirus has blown a hole in the breathing capacity of an individual. An unprecedented surge in covid-19 cases has made Medical oxygen- a necessity for a patient to survive. However, most of the hospitals started running out of oxygen supply as demand for medical oxygen amplified. As…
What is an advance ruling? An Advance Ruling is a mechanism for the person registered or the personal desire to obtain registration under this act to seek clarity on tax aspects concerning the supply of goods or services being undertaken or proposed to be undertaken by them, thus reducing unwanted differences and litigations that may…
“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 of the time your needs are not limited to “tax accounting”. Your needs and expectations…
The way companies act has prescribed the process for the incorporation of the company in the same way companies act has prescribed the process, conditions, and method for the closure of the company. As of date, the company act has prescribed two ways/methods to close the company: Strike of company Winding up of company As…
