A firm specializing in financial services, audit, assurance, advisory, taxation, and corporate law.
03/02/2023
Bookkeeping and accounting are two separate positions that have different duties, skills, and areas of responsibility. Know the difference between a bookkeeper and an accountant read our post!!
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03/02/2023
| Presenting the Direct tax changes with sbhat,
Finance Minister Nirmala Sitharaman said that the proposals regarding personal income tax will primarily benefit the country's "hard-working middle class".
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01/02/2023
Did you know?
The GST registration number on the business signboard must be displayed. If not, a penalty of Rs 25000 will be imposed on the business owner.
This is especially important during the GST regime where there are penalties for late filing of returns and failure to comply with the provisions laid down under the GST Act.
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With a growing number of senior citizens in India, tax benefits to senior citizens have been one of the priority areas in the Finance Bill.
Here are the tax benefits given to senior citizens
-Medical insurance benefits
- Elementary exemption benefits
-No payment of advance tax
- Non-deduction of TDS interest
-Higher deduction under sec- 80DDB
-Interest income is exempted
-Tax exemption under the reverse mortgage scheme
With the new tax year, you can make a smart decision to take advantage of all the benefits that come with it.
Comment below if we have missed any tax benefits!
In the Indian tax system, Income from all 6 of these can be included in your taxable income.
These income heads are-
-Income from salary
-Income from business or profession
-Income from capital gains
-Income from other sources
-Income from house property
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23/01/2023
We understand the challenges that small business owners face. And we provide solutions that help you manage those challenges, so you can focus on your business.
Before you file your applicaiton, you should know that the revised threshold for small companies and the benefits which you get from it.
The benefits for small companies are-
1- No need to prepare a cash flow statement
2- Advantage of filling Abridge Annual return
3-Mandatory rotation of auditor not required
4- An auditor of the company is not required to report on the adequacy of the internal financial controls and its operating effectiveness in the auditor's report.
5- Holding only two board meetings is a year
6- Annual return can be signed by company secretary or the director of the company
7-lesser penalties for small companies
There are many benefits when you are registered as a small company. The revised threshold has lowered the barrier of becoming big.
Don't forget to fill in your tax returns correctly! Here are common tax filing mistakes that you must avoid.
1- Not disclosing bank account details
2-Not mentioning income from all sources of income
3-Not declaring income earned by a minor child
4-Omitting interest income from the saving account
5- Not validating your bank accounts
6- Forgetting to verify ITR
Don't let tax filing mistakes ruin your whole year. Know all the common mistakes that you must avoid, so that you can file your tax returns on time and save money.
Comment below a tax filing mistake that you have made in the past!
12/01/2023
Get an expert Advisory service that helps you to make better decisions in your business by providing advisory services on system implementations, tools, and technology used by SMEs to bring efficiency, compliance awareness training, and technology-based migrations.
The Experts help you to bring efficiency and compliance awareness to your organization.
11/01/2023
A successful business starts with a well-structured strategy and an effective way of managing the company's resources.
Startup businesses can face a lot of challenges when it comes to the management and growth of their business. That’s why they need expert advice from experts so that they can build strong foundations for their business, which will enable them to grow further in the future.
Expert Advisory is a service that helps startups with the right modes of business to design and implement systems of accounts, compliances, taxation policies, control mechanisms, and secretarial procedures.
This helps startups to address their vertical challenges and reach new horizons and form a solid foundation from the start.
09/01/2023
Compliance Management is the process of ensuring that you comply with the various laws and regulations in place.
The Compliance Process ensures that all requirements of legal, commercial, accounting, and other policies are met.
With a network of compliance professionals, they help to ensure that all compliance process requirements of legal, commercial, accounting, and other policies are met, which further held to regulatory requirements and minimizes the risk of fines or penalties from government authorities.