When we compare the words for financial and management accounting, we can see that only someone from outside the organization reads the managerial accounting reports when extra information is required outside the scope of the general financial accounting services and reports. For the greatest outcomes, a company would need accountants with these specialties. The variations…
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…
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 important. Business start-up advice from tax advisors For tax advisors, start-up advice is a lucrative…
Many companies start their operations with a lot of courage and effort, clear and good ideas, and excellent plans, but they focus more on marketing and sales than on internal processes that are fundamental for their operation, such as correctly controlling their expenses and income, that is, adequate accounting. Accounting is a discipline that deals…
