The landscape of Chartered Accountancy in India is experiencing a remarkable evolution. Once dominated by men, the profession now sees women taking center stage, comprising a substantial portion of its practitioners. Recent data indicates that every third Chartered Accountant in the country now being a woman—a stark rise from the mere 8% recorded in 2000....

Introduction: In the dynamic world of business, timely and accurate financial reporting is crucial for decision-making and maintaining transparency with stakeholders. However, amidst the rapid pace of operations, events may occur between the end of an interim financial reporting period and the date of Board’s approval, necessitating careful consideration and potential adjustments to ensure the...

Introduction Startups in Delhi NCR grapple with the daunting task of managing intricate financial operations while striving for business growth. The demands of bookkeeping, compliance, and financial reporting often become a significant burden, diverting valuable time and resources from core business activities. Enter the transformative solution of outsourcing business accounting and bookkeeping services. Entrusting these...

INTRODUCTION: In the realm of income tax regulations, Section 43B plays a pivotal role for businesses and professionals. Recently amended, this section outlines specific expenses eligible for deduction under ‘Income from business and profession.’ Notably, the amendment focuses on payments to Micro, Small, and Medium Enterprises (MSME) registered suppliers. SECTION 43B OVERVIEW: Section 43B of...

In a game-changing move, the Bombay Stock Exchange (BSE) has rolled out updated guidelines for small and medium enterprises (SMEs) eyeing a transition from the SME platform to the main board. Effective January 1, 2024, these guidelines set the stage for a more robust and transparent listing process. Key Requirements for Transition: Net Worth Criterion:Applicants...

US NPO ACCOUNTING-  A Complete Guide Not-for-profit Organisation (NPO) Accounting outsourcing is a system of recording and reporting all business transactions that are considered NPOs. It involves choosing the best accounting method, understanding compliance and tax responsibilities, and creating and reporting the figures in the appropriate financial statements. NPO’s entities focus more on the accountability...