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Project Finance
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...
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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...
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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...
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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...
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Major 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...
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Know the Top Benefits of Virtual CFO Services
Introduction According to The Telegraph’s analysis, over 60% of start-ups fail within the first three years. There are several reasons why early-stage enterprises fail so frequently, but one of the most crucial is a failure to develop a successful business strategy. As a result, it’s critical to get the financial side of things right from...
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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...
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Complete Guide For An Indian Citizen: How To Claim Credit On Foreign Tax Paid
The Internet has brought the world closer by providing a means to uninterrupted and constant access to the virtual connection. This has led to people regularly shopping and doing business with citizens of other nations. Income from other countries has become common, and with this comes the responsibility of paying taxes.  In this blog, you...
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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...
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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...
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