Union Budget 2022-23: Powerful Update on Startups
The Indian government, in its union budget for 2022-2023, has laid a roadmap to bring stability and technological development to the Indian industry. So that domestic companies may have a competitive advantage to compete globally. The budget has provided incentives to startups so that they grow, flourish and create sustainable business development that benefits the […]
How GST And ROC Changes Will Affect You: A Simple Guide
The fear of a new variant of Covid-19- Omicron, and the rising cases of infections and deaths, has affected the Indian economy to a great extent. The government is always trying to ease and provide relief to its citizens. One way of providing this relief is by extending the deadlines for filing various compliances like […]
An In-Depth Look At The Future Of Accounting: 2022 Annual Guide
The pandemic has forced the business world to change in more ways than one. It was responsible for fast-tracking the digital transformation in business. It is also transforming in leaps and bounds. The accounting division of many organizations started working remotely. Adaptability became the buzzword for sustaining a business. The year 2021 saw a continual […]
How CFO Services Solve Financial Challenges for Non-profit Organizations
Non-profit organizations deal with social causes and do not focus on earning profits. They exist to serve society at large. Non-profit organizations work in varied areas and strive to bring about changes in education, research, religion, science, and other social activities. Running a business for social causes is very challenging especially when they heavily depend […]
Accounting Automation: What People Expect Vs. Reality Let Us List Them Out For You
Businesses have always used machines to make their work easy. Though the use of automated machines initially began with manufacturing activities, their use in accounting has been booming. Automation enables companies to process a large volume of data and reduce manual processing at cheaper costs. Automated accounting is beneficial to the firm in the following […]
Financial Controller VS CFO: Know Which Does Your Business Need To Grow ?
The terms financial controller or CFO, though used interchangeably, have some differences. This is especially true for small companies who are low on budget to hire a financial controller and a CFO. There are many factors that have to be considered while deciding who the business needs; A Controller? A CFO? Or both? Who is […]
Compliance Officer: What They Do and Why They’re in Demand
Compliance is the buzzword in every business nowadays. The role of the compliance officer thus becomes an integral part of the business framework. As per a report published in the daily ‘The Hindu’, Meta and WhatsApp were scouting for a Compliance Officer or nodal contact in India. The curiosity in knowing more about the role […]
Enterprise Risk Management (ERM) – How to get started
Risk is the uncertainty of an event happening in the future. This uncertainty deviates an organization from achieving desired outcomes and hence it has to be managed. Enterprise Risk Management (ERM) involves various strategies that identify potential business risks and analyze them to provide appropriate responses to mitigate and minimize any losses that would have […]
8 Ways Outsourced CFO Services can help your Small Business
As per the reports published on the website of India Brand Equity Foundation in June 2021, the micro small and medium enterprises (MSME) sector in India contributes about 29 percent towards the GDP. The opportunities available to small businesses have increased manifold. As the opportunities increase, so will the challenges they face. This is where […]
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 […]