5 Secrets About Due Diligence in Mergers and Acquisitions
There are a number of factors to be considered during mergers and acquisitions. It is a complicated process and hence it needs to be structured properly. The acquirer needs to be aware of what he is getting into and has to be assured that the deal fulfills his expectations. To achieve this the acquirer/ buyer […]
Top Technological Trends that Accounting Firms should Follow in 2022
Technological advances have played a significant part in the growth of industries for ages. The reliance on technology has increased manifold, especially after the start of the pandemic. The accounting firms also have changed their tune according to the need of the hour. These tough times have shown how vital technology is for continuing work, […]
How Accounting Firms are adjusting their Business Operations during COVID
Crises are inevitable and so is the case of the Covid-19 pandemic which suddenly took everyone by surprise and all the nations of the world were unprepared and stood blank in front of the deadly virus that just stared back at our face forcing the world to go into lockdown. This serious Covid-19 crisis had […]
Accounting in the New Normal – Best Practices to follow
A covid-19 pandemic called for national and international boundaries to close down in order to curb the deadly coronavirus. While the hustle of lockdown continued there seemed only one remedy that best suited the situation and that was implementing a total lockdown. The further extended lockdowns only called for more trouble and companies began to […]
Technology and Future of Accounting Industry
Technology has impacted almost every aspect of our lives; it has brought about a large number of welcome changes in every profession including the accounting industry. Integrating technology in accounting processes helps companies to derive the best values and generate new opportunities. Technology enables the use of accounting software to provide a high level of […]
10 Poor Accounting Practices That Can Impact Your Business
Every company small and big alike needs to keep their finances in check all the time, to do so they use various accounting practices and procedures. Companies that regularly keep their accounts and records up-to-date can take effective and timely decisions that lead to success and growth. Hence, it is imperative for every company to […]
How Artificial Intelligence will impact the Accounting and Finance Industry
If we look around us, we will be amazed by the fact that everything we use is powered by Artificial Intelligence (AI), right from our smartphones to the applications we use on it, smart speakers, televisions, smartwatches, air conditioners, refrigerators, and a lot more. AI has touched every aspect of our lives and it wouldn’t […]
Accounting Services for Manufacturing Firms and its Benefits
Financial services outsourcing has proven to be a boon to many businesses. The manufacturing sector has realized the benefits of outsourcing accounting services to a greater extent in recent times. The concerns of accounting for the manufacturing firms are unique. It ranges from the calculation of procurement costs of the resources, transportation costs, labor costs […]
Key Income Tax Changes effective from FY 2021
Every company following the financial year for its operations needs to be constantly updated with the latest income tax changes applicable for the said financial year and adhere to the new provisions. The Finance Act, 2021 was introduced on 28th March 2021 with amendments and provisions to the Income Tax Act of 1961 based on […]
Bookkeeper vs Accountant vs CPA vs Controller vs CFO
An average person may interchangeably use the different financial job roles like bookkeeper, accountant, financial controller, etc. mostly because of ignorance. The distinction between a bookkeeper, an accountant, a Certified Public Accountant (CPA) or a chartered accountant (CA), a controller and a CFO might not be substantial for the layperson, yet they are as different […]