Data Privacy Regulations – Impacting Organisations Worldwide

Data Privacy Regulations are evolving around the world and impacting organizations operating worldwide. It is applicable to all organisations irrespective of its scale and are covered by the respective data protection regulations. GDPR compliance and specific country regulations will be tougher for organisations worldwide due to complex provisions, interpretations and practical applications. It is imperative … Continue reading Data Privacy Regulations – Impacting Organisations Worldwide

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Why Business Intelligence (BI Tools) will revolutionize modern reporting in SMEs

This article aims at raising eyebrows for the new generation of reporting tools that will soon be occupying a major portion of the market. Remember the simpler times when older ERP software’s were creating all the buzz for their renowned capabilities? Or even further back when Tally was named the paragon for the accounting world? … Continue reading Why Business Intelligence (BI Tools) will revolutionize modern reporting in SMEs

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Are you prepared to assure data privacy in your organisation?

If Pandora’s box could be opened in the 21st Century, do you know what would crawl out? Data. Data has definitely become the myth, bring along with it a mystifying question: How do we deal with something so intricate and valuable but intangible? The threads of data have become so entangled with our lives that, often … Continue reading Are you prepared to assure data privacy in your organisation?

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Register your business under MSME

MSME Registration and its Benefits The true mark of a growing and developing society lies in the way it protects its weak. In any industry, the weakest but the most vital are the smallest establishments that carry out, quite often, essential businesses that are the source of most of the primary production in the country. … Continue reading Register your business under MSME

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COVID 19 – Readiness Assessment Checklist

Have you done readiness assessment for your business? With the rapid global spread of coronavirus, companies should focus first and foremost on employee safety and as they’re reviewing their strategies, policies, and procedures, many leaders are specifically wondering about their legal risk. Not having adequate communicable-illness policies and response plans could expose them to a … Continue reading COVID 19 – Readiness Assessment Checklist

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Not filing your GST returns- Be prepare for strict action by department

Standard Operating Procedure to be followed in case non-filing of GST returns Doubts have been raised across the field formations in respect of the appropriate procedure to be followed in case of non-furnishing of return under section 39 or section 44 or section 45 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as … Continue reading Not filing your GST returns- Be prepare for strict action by department

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Benefits of outsourcing accounting work to professionals

The value of working with a bookkeeper is undisputed; bookkeepers are professionals at managing the day-to-day financial transactions of business, providing the business owner with the information necessary to make sound financial decisions for the future. What’s more, there is no doubt that regardless of the type of business that you operate, bookkeeping and accounting services are … Continue reading Benefits of outsourcing accounting work to professionals

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Income Tax Slabs & Rates : A.Y 2020-21 [F.Y. 2019-20]

Under existing rules of the Income Tax Act, 1961, resident Indian , non-resident Indians (NRIs) , HUF and AOP are taxed according to following tax slabs and rates. The following are the IT slabs and slab rates for FY 2019-2020.   1. In case of an Individual (resident or non-resident) or HUF or Association of … Continue reading Income Tax Slabs & Rates : A.Y 2020-21 [F.Y. 2019-20]

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