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budget
Professional Tax for Directors
The professional tax amount is a figure that prominently appears on the play slip as a deduction from salary. Along with Employees Provident Fund contribution and Income-tax (TDS). Professional tax (PT) is imposed by specific state governments in India on persons earning a salary for rendering services or on persons practicing various professions, for instance,...
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Diligen
How To Save Money On Your Income Tax This Year: 9 Tips For Professionals And Salaried Persons Tax planning, in simple terms, is nothing other than organizing the income to avail the deductions or rebates to bring down the tax liabilities legally. Though it sounds easy, it is one of the hardest to follow through....
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bookkeeping
Bookkeeping is an understated yet crucial part of accounting and financial management. The role of bookkeeping is to record the financial transactions of a business. It is the stepping stone to making informed decisions regarding the sustainability and scalability of a business. That is why the former CEO and founder of Visa, Dee Ward Hock,...
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Financial Reports
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...
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Accounting
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...
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NPO
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...
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Enterprise risk management
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...
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Virtual CFO services have taken up the business scene by storm. There is a growing realization among start-ups or small businesses about the advantages or benefits of hiring a virtual CFO. Having said this, it is also a fact that vCFO services are not the go-to solution for all businesses. The million-dollar question we ponder...
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outsourcing_guide
Finance and accounting are crucial business functions that require professional and expert handling. It involves effective management of revenue and expenditure enabling companies to control their business. For this very reason, finance and accounting are known as the backbone of any business. Though accounting involves recording and reporting financial transactions based on both present and...
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budget planning
A budget is a plan that uses the scarce resources that are available to the organization to attain the firm’s objectives. It not only plans the use of resources but also acts as a tool that helps management to anticipate future results and take corrective measures when needed. Thus, it requires proper control so that...
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