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 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 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.…
read moreManual reconciliation is quite time-consuming and susceptible to errors. Since reconciliation is an essential aspect of every business, it becomes difficult to get an exact idea about the business finances without accounting reconciliation. Account reconciliation automation is a great way to make your accounting more efficient and fraud-free. So, what is accounting reconciliation and what…
read moreAutomation has become an essential part of our life. From chatbots to kiosks, and AI-powered gadgets, automation is everywhere. And why work hard when you can work smart? In the world of finance and accounting,
read moreFinancial forecasting is indispensable to the success of any business to chart the right course for optimum financial efficiency and profitability. Bidding adieu to guesswork is your best bet if you wish to have a rational blueprint at your disposal. An old saying goes that the purpose of forward forecasting is not predicting the future…
read moreStarting a manufacturing company in India can be a rewarding and challenging venture. The country is home to a large and diverse population, which presents a significant market opportunity for manufacturers. Starting a manufacturing company in India requires careful planning and attention to detail. Here are some steps to follow: Choose a product or service:…
read moreFinancial statement mirrors the health and status of your business. Sorting through various aspects such as debit, credit, income, and expenses calls for financial literacy. Accounting is a language in itself; to understand financial summary, you must be wary of a few accounting terms. We are often approached by our clients with plenty of questions…
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