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,...Read More

Taxation is an inevitable task for every business. The famous words of Benjamin Franklin, the founding father of the United States, that there is nothing in the world that is as certain as death and taxes, highlight this point. New businesses have the burden of different types of costs. One of the top contributors to...Read More

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...Read More

The popularity of virtual CFOs has been on an uphill trend for quite some time. The digital transformation, which got sped up by the onset of the pandemic, has played an undeniable role in this wide acceptance. Over the years, the role of CFO has undergone a positive transition. Besides the traditional responsibilities related to...Read More

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...Read More

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...Read More

The Startup is one of the most commonly heard terms in business in recent times. The picture that comes to our mind about a startup is one or two people in a garage ready to change the world with their ideas but on a shoestring budget. This is true in most cases. Any business or...Read More

The role of the CFO has evolved into more than financial management over the years. The CFO should be the master of strategies, an expert on risk management, and a business all-rounder. According to Deloitte’s CFO signal report for the second quarter of 2021, 65 percent of the CFOs favored taking on risks. To quote...Read More

Financial services outsourcing has proven to be a boon to many businesses. The manufacturing sector has realized the benefits of outsourcing accounting services to a greater extent in recent times. The concerns of accounting for the manufacturing firms are unique. It ranges from the calculation of procurement costs of the resources, transportation costs, labor costs...Read More

It is said that you are risking everything even when you decide to risk nothing. Risk… such is its presence in business. The concept of risk management and compliance management came into practice due to the sole existence of the element of Risk in a business organization.  Risk Management and Compliance Management, are two indispensable...Read More