Effective Control in Purchase Stage to Prevent Frauds
A company with many different processes may suffer from lack of control of the management. If there are no control mechanisms in place, then there are chances of frauds which…
GST Compliance Process Simplified
[vc_row][vc_column][vc_column_text]In a series of announcements the GST Council on Friday 6-Oct simplified the compliance requirements for GST. The far reaching changes in GST are designed to ease the burden of…
Problems that might occur when delivering Virtual CFO services and the Possible solutions
It’s a great feeling to finally have a CFO on board who can guide on decision- making and strategy. You are happy that this person will take your company forward…
Virtual CFO
[vc_row][vc_column][vc_column_text] What is Virtual CFO Virtual CFO means an outsourced service provider who offers the expertize of a full-time CFO at fraction of the cost. Virtual CFO services are extremely…
Regular Internal Audit to Improve Profitability
In the previous article we had demonstrated how having effective controls in for of Standard Operating Procedures (SOPs) help in controlling frauds and reducing losses. Once the effective controls are…
Can we reduce the price to match the competitor’s price?
It was quite a tense atmosphere at the boardroom of Haiethy Private lLimited. They had launched new line of product in the form of aluminum bottles for the kids segment…
How to Activate Success Switch in Business
What happens when you enter a room full of darkness, you switch the light in the room? Then boom… your room is filled with bright light and you see things…
Importance of Customer Feedback in Business
You delivered the service or goods to your customer. Then what happens next, you raise invoice and collect payments. This is what typically most of the business owners tend to…
Income Tax Update-No TDS on Reimbursement of expenses
In income tax act, there is practice not to deduct TDS on reimbursement of expenses, if there is no income element. However, time and again assessing officers try to add…
How to Remove Auditor Under The Companies Act 2013?
Procedure to remove auditor is covered by the section 140 (1) read with Companies (Audit and Auditors ) Rules 2014, Here is what section 140 says The auditor appointed under…