Mandatory Dematerialization of Shares for Private Limited Companies
The Essential Guide to Mandatory Dematerialization of Shares for Private Limited Companies In the ever-evolving landscape of corporate governance, the shift from physical share certificates to electronic shares, or dematerialization, has gained significant traction. This transformation is not just a trend but a regulatory mandate for private limited companies in many jurisdictions. Understanding the intricacies […]
Understanding the taxability of benefits or perquisites under Section 194R
A new section 194R- TDS on benefits or perquisites provided has been introduced in the Finance Act, 2022. Section 194R is applicable with effect from July 01, 2022. Some important things about Section 194R Its Aim: Earlier companies/ perquisite providers would provide perquisites and/or benefits in either cash or kind to their distributors, channel partners, […]
Things You Should Know About How to Protect Yourself From Fraud
Say Goodbye to FRAUD and THEFT! When it comes to business/finance, we all want to feel safe and secure. Theft and fraud are serious issues that we should all be aware of. So, if you want to learn more about fraud and security scams, keep reading! Nowadays, dealing with money scams and online […]
How to use your Financial Reports to make Better Strategic Decisions to Grow your Business?
Businesses need financial data and information to understand the present state of operations and to predict future opportunities. Financial reports help owners and management to focus on important aspects of financial data. More so, financial reports help the organization stay focused on its business operations. And ensure their goals and objectives are being achieved as […]
Tax Tips for 2022 Tax Season: Make Your Tax Process Effortless
According to Albert Einstein, one of the brightest minds ever seen, the hardest thing in the world to understand is the taxes. And it is rightly so. With the changes and additions in the tax laws year after year, it becomes a challenge to the unversed to tackle taxation. The pandemic has further complicated the […]
Best Due Diligence Trends You Need To Know in 2022
The famous entrepreneur of the 17th century, William Penn, mentioned diligence and patience as the two qualities which like faith, can move mountains. Diligence is not a new concept, but lately, its significance in the business world is more recognised. So, what is due diligence? It is an extensive appraisal of the different aspects of […]
Comparing In-house Vs. Virtual CFO Services: All you need to know
A good Chief Financial Officer (CFO) ensures good financial management and a good financial management ensures business success. Many businesses having good ideas eventually fail unless they carefully manage their finances. A CFO is the senior most financial officer who looks after the finances of the company and takes strategic financial decisions of an organization. […]
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 […]
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 […]