No matter what industry you are in, there is a good chance that you will have to be audited at some point. Whether you chose to do an internal audit, an external one or you have an FTA-conducted one, you…
Tax
Building a Robust Tech Stack for Your Professional Accounting Firm
A growing shift towards technological assistance has been observed in the accounting fraternity. Tax preparation guides for freelancers are now being provided online, along with software applications that can really help accounting professionals gain an extra edge. These software apps provide the additional…
You May Be Exempted From the New Tax Regime. Know Why!
The Union Budget 2020 had created quite a stir when the Honourable Finance Minister introduced an optional new income tax regime. This new income tax slab will sit beside the existing one and individuals can opt for it if they…
An Exclusive Statistical Report on Cost Accounting Software
Cost accounting deals with reporting and analysis leading to an improvement of inter-business cost control and efficiency. It is a system of operational management analysis. For practical cost accounting, the benefit of cost accounting software is undeniable. A cost accounting…
Your Guide to Applying Digital Signature Certificate Form
These days, a Digital Signature Certificate (DSC) is being used by many agencies and even has been made a mandated requirement for some applications. With a digital certificate, you can easily encrypt a document or sign it digitally. This is…
If You Inherit a Taxable Account or IRA, Here’s What You Need to Know
When a loved one passes away, one of the assets you might inherit is an investment account. Sometimes, this is an investment account that doesn’t carry the restrictions of a retirement account, called a taxable account. Other times, it’s an…
How to File TDS Return Online Via TRACES Utility (RPU & FVU)
The integration of technology with the tax filing system has brought many changes in the old school tax filing procedures. The changes have highly facilitated many tax filers while some still find it a challenge. Today write-up is an important…
10 Common Tax Mistakes That You Need to Avoid
The new year is full of new possibilities and new paperwork to fill out for the IRS. While you’re watching your mailbox for W2s and 1099s, it is a great time to get prepared for the somewhat harrowing journey into…
What are the Benefits of Choosing the Best Accountant?
Companies need accounting support, regardless of the specifics of work. Nowadays, outsourcing of accounting services is gaining more and more popularity, it consists of conducting accounting by an external organization. The responsibilities of the accounting service include maintaining records of…
How TDS (Tax Deduction at Source) Deduction Plays its Role in Compliance
The payslip of every salaried individual contains a section called TDS. The TDS is referred to Tax Deducted at Source. In India, the policies and regulations associated with tax deduction are handled by the Central Board of Direct Taxes (CBDT).…