Chartered Accountants (CAs) play an important role in the successful management of taxes for both individuals and businesses. CAs contribute knowledge in tax planning and compliance, as well as filing requirements and financial advice, which positively results in substantial tax savings. Here’s how CA consulting helps in tax planning and savings. Strategic Tax Planning Tax … Read more
There are two primary categories of accounting and bookkeeping services: online and offline. These two types differ in various aspects, including user-friendliness, data privacy measures, and cost. Online services are typically more user-friendly, and cost-effective, and employ advanced technology. However, they do not provide in-person meetings or physical security. On the other hand, offline services … Read more
Bookkeeping and Accounting are an important part of every business. Both Bookkeeping and Accounting help in decision making, analyzing the business growth, and completing the tax obligations. Furthermore, whatever the size of the business, the bookkeeping and accounting demand is always there. Thus, many people wonder how to save costs on Bookkeeping and accounting services. … Read more
Whether you are a startup tech company or a local manufacturing business, Bookkeeping and Accounting are essential for everyone. However, small business owners and management have hectic schedules and not enough resources for maintaining highly accurate Bookkeeping and Accounting. Thus, here comes the Bookkeeping and accounting services. The Internet has become a boon for small … Read more
A massive relief for companies as ROC due date extended for AGM of FY 2020-21. This latest MCA announcement comes in response to requests made by several companies and other stakeholders. The companies across the nation were requesting an extension of time for the conduct of the FY21 AGM due to covid. Furthermore, The representations … Read more
A major update as there is now Relaxation in Accounting Rules for Small and Medium Companies in India. This was done to support the idea of making it easy to do business in India. The goal is to cut down on the amount of paperwork and time it takes to generate financial statements. As a … Read more
The future of Digital Accounting is very bright in India. As we all know, Every business is shifting to an online marketplace. Similarly, Accounting is also rapidly available now digitally. Experts estimate that the future of digital accounting is increasing at a significant percentage of 8.6%. Therefore, In this article, we will read about digital … Read more
With time, the methodology of a business changed a lot because the traditional process consumed more time and effort and that resulted in the fall of productivity. But in the digital world, everything is moving very fastly and AI made the process even simpler in the business. As per the business report, many giant companies are … Read more
There are multiple reasons why business owners consider outsourcing bookkeeping and accounting services. Outsource Your Bookkeeping and accounting service were only affordable to large companies. But with the help of technology, things have changed now. Outsourcing your accounting and bookkeeping jobs has advantages that go beyond cost savings. Therefore, in this article, we will read … Read more
The National Financial Reporting Authority (NFRA) was established on 1st October 2018 by the Government of India under the Companies Act, 2013. The Ministry of Corporate Affairs under the Government of India administers NFRA to regulate the auditing standards in the country. Composition of the Authority (NFRA) NFRA should be composed of one Chairperson, three … Read more