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Understanding the Crucial Role of Financial Accounting for Startups

Startups have a lot to deal with. Starting from the marketing, logistics and finance to customer service, operations and even coordination between all. Setting up these processes is tough, time-consuming and takes a LOT of patience. One of the most important activities that are highly crucial for startups is financial accounting. As a non-technical...

What Is Cost And Management Accounting?

Accounting is a field that consists of various verticals and sub-verticals. There are a number of concepts, disciplines and roles that follow. Cost and management accounting are two terms in accounting that we will be deciphering today. Both these accounting types have different uses, scope and styles. Here’s a quick guide for you. What Is...

A Glance At The Limitations and Advantages of Corporate Accounting

Corporate accounting is a branch of accounting that focuses on accounting for companies (Whether Public or Private), preparation of financial statements and accounting for one time events like mergers, acquisitions etc. This branch of accounting ensures that accounting is done as per the prevalent laws, rules and regulations. It is way different than management...

How Outsourcing Management Accounting Can Make Your Business More Productive

Starting a business may seem like a dream come true until you start managing the operations, accounts and finances. After a point, you may find yourself stumped under a mountain of paperwork and deadlines which were due yesterday! If you don’t have assistance, the burden will only get bigger. This is especially true for...

How Certified Management Accountants (CMAs) Help Strategic Corporate Decision Making

Accounting is a vast subject to decipher. There are various types of accounting and financial management processes that are running the world right now. Over the years, an accountant’s job has upgraded from merely book-keeping and data entry to running the company’s finances. Today, accountants are required to not just manage transactions but also...

Business Model of Byju’s and a lot more

With the IPL comes one more thing. The barrage of TV advertisements of Byju's. "Come, make your kids fall in love with learning" says SRK. One of the most expensive stars to hire for a TV Commercial, SRK generally charges 3.5-4 crores for a day's shoot. Makes you wonder, where does Byju's make money...

All you need to know about Section 44AD (Presumptive Taxation)

In this article, we will tell you everything about Presumptive Taxation, its eligibility criteria, benefits and what happens when you do not follow or opt for this section! What is Presumptive Taxation? Presumptive is derived from the word presume which means to assume in advance. Thus, Presumptive Taxation is nothing but an option available to certain...

As a Businessman when is TDS applicable to you?

Albert Einstein once said, Income Tax is one of the hardest things to understand. Rightly so, we wouldn’t argue with a genius😊 In today’s article we will throw light on Tax Deducted at Source (TDS), when is it applicable to you and what are the various due dates for compliance. This article is written from...

All you should know about the new TCS provisions applicable from 1st October, 2020

The government has recently widened the scope of TCS provisions to cover more businesses. Currently, TCS is applicable only on special category goods such as Scrap, Alcohol, Tobacco, Car exceeding Rs.10 lakhs, etc. Post 1st October 2020 any business meeting the conditions stated below are liable to collect TCS. This article will help you understand...

Everything you must know about Udyam/Udyog Aadhaar/MSME Registration!

Small and Medium Businesses have been very integral to the growth of the Indian Economy. They contribute 30% of India’s total GDP and 40% of India’s Exports. They employ more than 11 crore people! In this article we will tell you everything you must know about an MSME Registration, right from definitions to advantages to...

Is it compulsory to file an income tax return?

Is it compulsory to file an income tax return for an individual or HUF if there is no income earned? Before answering the question, let’s understand some basics. What is an Income Tax Return (ITR)? Income tax is charged by the Government of India on the Income earned during the year. Income tax return or ITR as...

How to Set Up a Private Limited Company in India?

Private Limited Companies have been the preferred choice for Startups looking for funding as they are the only structure that Investors fund. OYO, Ola, Flipkart etc. are all Private Limited Companies. Recently, the Income Tax on Private Limited Companies has been reduced to 22% which is 8% Lower than LLPs. The Income Tax is further...

How to set up an LLP in India? Simplest explanation ahead!

LLP's started in India in 2009 after the government passed the LLP Act, 2008. Post then, it has been a preferred entity for Entrepreneurs who want to set up any Traditional Business in India. Startups, who are looking to get funded still prefer Private Limited Companies over LLPs. You can contact us here to...

How to Start/Register an NGO/Non-Profit/Section 8 Company in India?

Establishing an NGO in India is a two-step process: - Register your NGO/Trust: - The first step in setting up is to get your trust registered. You have two options- a. Register as a Section 8 Company

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