What Do You Do Now With Your GST Registration Number?
The Goods and Service Tax (GST) is a consumption-based tax that is charged at the point of consumption. It is imposed at all stages of consumption, i.e. from manufacturing till its consumption or utilization by the consumers. So what comes next after you get your GST Identification Number (GSTIN)? Step 1: Showcase the GST Registration […]
Complete Guide on Tax Shelters: Is it an Offence or Intelligence?
Introduction A tax shelter is a vehicle used by people or organizations to reduce or eliminate their taxable income and, as a result, their tax responsibilities. Tax shelters are lawful and can range from tax-favored assets or investment accounts to activities or transactions that reduce taxable income through deductions or credits. However, there are a […]
4 Pillars Of Strength That Define A Simpler Tax System Process For 2023
As Taxpayers, you are aware of the struggles when it comes to understanding income tax slabs, GST slabs, etc. Understanding the tax system can never be easy. But if you approach it with a simpler process, the chances of understanding the tax world would be better. So, what would a simpler tax system look like? […]
A Complete Comprehensive Guide About E-Invoice Under GST
When it comes to GST in 2020, the most major and extensively publicized change has been e-invoicing. Industry-specific invoicing procedures have existed. Despite the proprietary methods of preparing invoices, the overall taxpayers welcomed the unified approach to e-invoicing. Understanding E-Invoice Under GST Under GST, E-invoicing is abbreviated and more often known as an E-invoice. E-invoice […]
7 Best Cost Reduction Practices To Follow For 2022-2023
As an accountant, you’re well skilled in how to deal with financial numbers. But when it comes to growing your accounting firm profits margin, how skilled are you? When a client wishes to invest in you, what should make them take the plunge? Most clients move away for various reasons such as no trust factor, […]
Myths About Budgeting Strategies To Achieve Your Financial Freedom
A simple way to ensure financial stability in our lives is to have a plan to know our income versus expenditures, and leftover funds if any. Such a financial plan or tool which works as a framework or guidance to balance our money is the Budget. Nearly 18% of employees in the U.S, who earn […]
Top 10 Accounting Services In Hyderabad You Should Know
Top 10 Accounting Services in Hyderabad Today, many companies in Hyderabad, big and small, are switching to outsourced finance and accounting services as a more practical, effective, and economical replacement for an internal Finance and Accounting department. It’s interesting to note that more than one-third of small businesses outsource their accounting. One of the main […]
How to Instill Financial Discipline into Your Leadership Team
Money is the lifeline of an entity. Using the available finances/funds carefully and wisely by having a proper account of the inflows and outflows is highly important for any business to thrive. A. What is financial discipline? To put it simply it is taking control of the money and channeling the spending towards the monetary […]