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…
Tax
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 as Tax Deducted at Source. In India, the policies and regulations associated with tax deduction are handled by the Central Board of Direct Taxes…
Tax Preparation Accountant vs. Tax Software: Making the Right Choice
When tax season arrives, many people dread the obligation of having to compute and their taxes. So, they turn to services that readily make the computation for you. One option is a personal tax preparer. These are available in every…
Know About ITR Filing Challenges for Taxpayers
Every taxpayer is required to file an accurate Income Tax Return (ITR) so that the correct amount of data can be collected by the Income Tax Department and contributed to the government revenue. The process of filing an accurate ITR…
10 Corporate Tax Deduction Tips for Business Owners
Deductible business expenses help businesspersons with many of the costs of running a company. Business owners know that most expenses can be written off, although there are some limits and timing issues. So what are the most common tax deductions…