Every modern accounting business aims to keep unnecessary expenses at a minimum, but we all are aware of miscellaneous expenses that show up regularly. Even when the finances are managed smoothly, there is always a need to save more to…
Tax
The Three Tax Trends In 2020 Affecting Global Economic Growth
Around sixty percent of Americans don’t oust paying taxes as they find it difficult. It’s true that filing tax is a difficult task as it demands a lot of paperwork, time, and effort. Taxes might be a valuable certainty in…
Qualifying for Research and Development Tax Incentives: 5 Things to Know
Any government gives a business tax credit to encourage innovation. A tax incentive can go a long way in boosting your business. However, some companies are not aware they qualify for such grants. Through the research and development (R &…
5 Steps to Prepare for a Tax Audit in the UAE
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…
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…