Instant PAN Through Aadhaar Based e-KYC

The Income Tax Department has launched a new facility of availing instant Permanent Account Number (PAN) for applicants with a valid Aadhaar. This is a massive improvement over the current process where an individual has to wait for 14 days for the PAN to arrive post filling the application.  Plus, one had to pay Rs […]

Setting up Your Accounts-Part 1

Best Accounting Practices

When you are starting your business handling accounting and compliance can be daunting. There are a few  common mistakes that early stage businesses commit; of course with the right advice you can avoid these pitfalls. Part 1 of this blog looks at setting up your accounting system. Open a Bank Account It is best to […]

Bank Reconciliation: Why?

bank reconciliation

Bank Reconciliations. Sounds very tedious. But doing some boring and tedious work can save you from pitfalls. So sit back and read more about the need to do bank reconciliations. What is bank reconciliation? As the word reconciliation suggests, you will be comparing bank statements with your books of accounts for the same period. The […]

What happens if you don’t do your accounting?

You are a business owner and you are juggling sales, marketing, hiring, managing payroll and employees. The chances are that you will be letting boring things like accounting stack up into a mess. Maybe you are waiting for the tax season to arrive. What happens if you don’t do your accounting? There is a good […]

Latest GST updates

Manually File GST Refund

The GST council held its 39th Meeting on 14.03.2020. The Council has taken some important decisions relating to interest on delayed payments, GST returns, and rates of GST among other things. In this blog we present to you the latest GST updates, read more below: 1.Interest on delayed payment of GST The GST department had […]

What is EBITDA? Why is it important?

7 Different Funding Options for Startups

This is  blog is a first in a series of wherein we explain “Accounting Terminology”. The most used term is EBITDA. What is EBITDA? And why is it important? What is EBITDA? EBITDA is an acronym that stands for “Earnings before Interest, Taxes, Depreciation and Amortization” and it’s used to measure the overall financial health […]

MCA:SPICE+

MCA

The Ministry of Corporate Affairs has rolled out a new Form for incorporating companies. This new Form called SPICE+ was launched on 25.2.2020. SPICE+ offers 10 services of the Central Government and one State Government, thereby making it easy for starting a business. This new form is part of Government of India’s Ease of Doing […]

GST News-GST Interest: Delay in Payment of GST

IGST for Advertisement Services

Here is the latest GST News- GST Interest  on delayed payment of taxes.The Government has started sending out notices for recovery of interest on delayed payment of GST. GST interest has been on the radar of the GST department for a long time. This move comes after the GST collections have been below par this […]

The most frequent problems that business owners face are to do with accounting & regulatory compliance. Entrepreneurs view time invested in doing both as unproductive time.

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