Tax planning is a process to meet tax obligations systematically and legally. Individuals can plan to lower the tax outflow with exempted allowances, deductions, and relief provided under the Income Tax Act. Type of Tax Planning
read moreIn India, the startup environment is rapidly expanding. A startup is a business, Limited Liability Partnership (LLP), or enterprise that has been operating for less than ten years and has an annual revenue of less than Rs. 100 crore. It ought to strive to create or enhance a system, item, or service. To expand their…
read moreWhat is Industry 4.0? Industry 4.0 results from the rapid fusion of new technologies, including artificial intelligence (AI), the Internet of Things (IoT), robotics, and additive Manufacturing. These breakthroughs reshape entire industries and alter how businesses run, compete, and generate value. Why digitalization and Industry 4.0 is essential for Manufacturing? In an environment where competition…
read moreIntroduction As business owners, you must have that tedious compliance checklist to cross over every month, quarter or year. If by any chance you forget, the consequences of ignoring this aspect could be severe fines, aggressive legal action, and reputational harm. And this is where a company secretary comes in as a life saviour. In…
read moreBeyond just statistics and financial data, finance is a complex and varied process. Thanks to the power of data analysis and forecasting, these responsibilities have become more streamlined and efficient than ever before. It is a discipline that offers accountants and CFOs a unique opportunity to derive valuable insights, troubleshoot problems, and manage their company's…
read moreDid you know that India's startup ecosystem ranks third in the world? The Department for Promotion of Industry and Internal Trade (DPIIT) also reports that as of 2023, 7,834 international companies had opened up businesses and subsidiaries in India. The number of businesses set up in India is relatively high. Following the establishment of their…
read moreTracking your business expenses is a key activity that should not be ignored in any given month. By tracking your expenses correctly you can keep your finances ahead of time and avoid overspending. Here are a few reasons why you should keep an eye on your expenses. Prime reasons you should track and monitor your…
read moreThe development of artificial intelligence (AI) is actively pursued by leading technological companies. Recognizing AI's capabilities for enhancing day-to-day business operations, many companies have already adopted AI through the use of AI chatbots and for research purposes. Accounting and bookkeeping, in particular, are two occupations that can benefit from AI, as it can assist accountants…
read moreAP (Accounts payable) and AR (Accounts receivable) are interrelated. That’s why understanding the AR AP cycle and it is important to understand what they are.Accounts receivable refers to the sum of money a company is entitled to receive from its clients or customers against the services or products sold on credit. Accounts receivables are also…
read moreIn today's fast-paced and ever-changing world, making sound decisions is paramount to achieving financial success. Whether managing personal finances or making decisions for your business, having a strategic approach can make all the difference. In this blog, we will explore six powerful tips for financial decision-making that can help you navigate the complex financial landscape.…
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