8 Cost and Time Effective Tips for Accounting and Bookkeeping in 2023
A business owner is very keen to track every business expense in the initial stage. But as the business grows, the process gets complicated. In such cases, managing business and accounts tend to become tedious. But what if we told you there is a more straightforward way to manage time and money in accounting? To […]
What are the best accounting practices to use for an online business?
Online businesses have seen a potential future due to the pandemic. The online platform was always popular. But with Covid-19, the popularity has doubled. A growing business requires a simple solution to manage transactions. If you have an online business account and are looking to track the expenses, you need to read this blog. 8 […]
6 simple tricks to avoiding business financial frauds in 2023
Online fraud has become accustomed to top businesses of today. Multiple well-established brands fall under the pit of financial statement fraud. Understanding and protecting yourself from illegal acts can save you from heaving losses and bankruptcy. There are multiple fraud examples that answer the why of this action. Thus, to avoid them, this blog shares […]
The Most Common Mistakes People Make With Tax Planning And Strategy
The famous saying, ‘A penny saved is a penny earned,’ holds. As an eligible taxpaying citizen of the country, there are several ways to save on taxes legally. In doing so, there are a few common tax-saving mistakes that you must avoid. To help you with it, we’ve detailed them below. 1. Planning tax savings […]
3 Signs You Need To outsource Bookkeeping Of Your Business
Finance is the lifeblood of every business. Funds are required to begin, grow and sustain a business. Though the founding team mainly does funds management, CEO/COO/CXO/CFO, accounting professionals take care of the accounting process. Read on to find out the best hands to manage your business accounts. Traditional working methods Businesses have been employing accounting […]
Challenges of Accounts Payable Processing and How to Overcome Them
Introduction The accounts payable department is an important section of any corporation that manages day-to-day commercial operations. It is in charge of monitoring cash flow, protecting against fraud, and maintaining vendor relationships. However, inherent difficulties in accounts payable generate unnecessary disturbances in the firm operation, delaying payment and collecting unpaid receipts. In this post, we’ll […]
Benefits Arising Out Of Third Party Accounting and Bookkeeping Services
The biggest challenge faced by Small businesses, start-up companies and entrepreneurs is finding the right accountant, someone who possesses the right skills to prepare the financials and analyze them, manage the operation of bank accounts, ready the outgoing invoices and that too at an affordable value. Therefore as an alternative, many of these businesses have […]
THE DO’S AND DON’TS FOR SUCCESSFUL GST COMPLIANCE
Its been nearly three years since the GST law was introduced in India. While many have managed to fall in line with this new regime of taxation, many are still struggling to do so. In addition, the government has been diligently updating the system, keeping the GST taxpayers on their toes to meet with the […]
4 Essential Deductions Under Section 80 of the Income Tax Act That You Must Know
The Government of India has given its citizens the benefit of reducing their income tax. This is by claiming Income Tax deductions for certain expenses and investments. Income tax is levied on individuals based on the income tax slab for the financial year. Taxpayers must keep a tab on the IT slabs rolled out every […]
How To Save Tax Legally? : 15 Ways To Conduct The Process For 2023-2024
There is multiple productive way of saving tax. You head that right. Now taxpayers can easily save tax legally. Most taxpayers are unaware of tax-free income. With the amount saved, taxpayers can invest double and drive better revenue. But how is it possible save tax legally? Diligen gives you 15 productive way of saving tax […]