Navigating Financial Uncertainty: The Role of CA Firms in Business Risk Management
Organizations need to intentionally create strong resilience in this age of continuous change rather than just noting the possible effects of risks. Businesses may strengthen their operational frameworks and ensure resilience by forecasting the risk and taking adequate measures. CAs are well known for letting companies run effectively with proper financial management. Continue reading to…
Empowering Startups: How CA Firms Provide Vital Investment Support
When you are about to start a new business, you will be excited. On the other hand, it does not stop just by excitement. Even though many steps are involved in initiating a startup, you must remember that you must be perfect in your financial matters according to the law. Besides that, you need to…
Everything about Tax Deducted at Source (TDS)
What is the Concept of Tax Deducted at Source (TDS)? Tax Deducted at Source (TDS) is a system implemented by the Income Tax Department where income tax is deducted at the time of making specified payments such as rent, commission, professional fees, salary, interest, etc. The person making these payments deducts the tax and sends…
GST : Importance for making payment in 180 Days to supplier
FAQ’s 1)Can ITC be reclaimed if it was reversed according to Rule 37 of GST? Answer: Yes, ITC can be claimed again when the taxpayer pays the invoice in full. It is not subject to the time limit of 180 days, as opposed to the initial provision. 2)What if an invoice is partially paid? Answer:…
IMPORTANT DUE DATES IN MAY 2024
INCOME TAX PARTICULARS DUE DATE Payment of TCS and TDS for month of April- 24 07th May TCS Return for Quarter 4 (Jan-March 24) 15th May TDS Return for Quarter 4 (Jan-March 24) 31st May SFT STATEMENTS (Form 61A) for FY 2023-24 31ST May GST PARTICULARS DUE DATE TDS Return and Payment under GST (GSTR…
Financial Futurism: Anticipating Trends and Preparing Businesses for Tomorrow
The world is currently experiencing rapid transformation, and the finance sector is also at a crucial point of transformation. This is why businesses and individuals need financial futurism. Financial futurism is a forward-looking approach that applies innovative thinking, data analysis, and technology to predict and shape the future of finance. It involves studying emerging trends…
The Rise of Digital Finance: Embracing Technological Advancements in Accounting
As you already know, digital finance has made accounting easier for accountants and accounting firms. It automates processes, centralizes data, enhances client collaboration, and improves data quality. By eliminating manual tasks, digital finance enables accountants to focus on strategic analysis and decision-making. Digitalization offers streamlined access to documents, real-time updates, and enhanced security. It transforms…
Beyond Numbers: Exploring the Human Side of Financial Management
People all over the world have a common misconception about finance. They think that it is a strictly quantitative area that relies heavily on computations, figures, and formulas. Despite the importance of the math factors, you should realize that people are the core of finance. The financial decisions people make in very meaningful ways affect…
The Rise of E-Invoicing: What You Need to Know
With the rapid advancement of technology, organizations are constantly looking for ways to streamline processes and save costs. One such technology gaining traction is electronic invoicing, sometimes known as e-invoicing. E-invoicing refers to the electronic delivery of invoices that replaces traditional paper-based procedures. The traditional paper-based invoicing system is inefficient and expensive for both buyers…
Unlocking Growth: Financial Planning Tips for Startups
Running a business poses numerous challenges, from overseeing daily operations to meeting customer demands and staying abreast of industry developments. Among these demands, entrepreneurs often overlook the financial aspects of their businesses. Securing finance, especially for first-time entrepreneurs, is a big barrier to turning business ideas into thriving organizations. The startup funding process may feel…