Insta C.A.

Many companies fail because of the fact that they are doing poor work with regard to their financial records. When you think about it, this makes you a lot of sense. It is important to determine exactly where your business is financially, and the failure to do so can cause any company to collapse. This is typically the case with small businesses. The owner starts the business because he has a good idea, a passion or is extremely talented at what they are doing. They do not start the business because they like to watch every transaction their company does. Everything looks good until all of them collapse because of bad bookkeeping. As a responsible business owner, how do you maintain these rigorous books while having the time to focus on the most important tasks of your business? There are not enough hours a day for you to do it all yourself, so the best option is to outsource one of the many bookkeeping services . Determining who to trust with this important job is not an easy tas...

Return filing has its benefits; one of which is that it allows you to paint a complete financial picture of the year that was and make informed decisions for the year that is and make smarter choices for the years to come. The date for tax filing has been extended to August 31st. While most of us have already filed our income tax returns for the financial year 2017-18, for those who have not, this extension comes as a welcome relief. Return filing has its benefits; one of which is that it allows you to paint a complete financial picture of the year that was and make informed decisions for the year that is and make smarter choices for the years to come. Let’s say, Simran who earned Rs 15 lakh last year is adjusting her tax liability. After claiming a deduction of Rs 1.5 lakh under section 80C, her taxable income stood at Rs 13.5 lakh. Had she planned ahead, she could have claimed additional deductions of up to Rs 4.5 lakh ending up with a taxable salary of Rs 9 lakh, thus saving...