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How Chartered Accountants in Bangalore can help establish new businesses

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  Launching a new business is not as easy as it sounds. Did you know that 99% of businesses fail in their very first year? Why does that happen so often? The primary reasons would be improper business planning, poor market research, and lack of funds. That’s why most young entrepreneurs consult well-experienced  Chartered Accountants in Bangalore   before commencing their new commercial establishments. When it comes to establishing a new venture, the expertise of a CA comes in handy. In today’s blog segment, you will learn how   Chartered Accountants in Bangalore   are helping entrepreneurs sow the seeds of their new business establishments. For further information, continue reading below. Absolute Assistance in Company Registration While starting a new company, it is highly recommended to register the same in the first place to enjoy tax benefits and early loan sanctions. Also, registered businesses tend to get more prospective customers in the long run than their counterparts.  Chart
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5 ways Chartered Accountants can fine-tune a small business

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  Every business has a challenge of its own. When it comes to SMEs (Small and Medium-sized Enterprises), challenges are way different and beyond the ones faced by big corporate giants. Chartered Accountants are highly qualified and well-experienced business accountants who provide specialized accountancy services and professional advice in key business areas. Employing a Chartered Accountant to manage your small business' cash flow and financial transactions is an investment you would never regret. Many renowned  CA firms in Bangalore   offer customized accounting solutions so that you only pay for what it’s worth.  In this blog segment, you’ll learn about 5 ways Chartered Accountants can fine-tune your small business entity. Continue reading further if you desire to run your small venture efficiently.  Updated Financial Records Most small businesses fail to keep their books in order and manage their cash flows regularly. Having a CA on board ensures that all financial books are ma
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Your reliable guide to Registered Exporter (REX) System 

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When it comes to exports, the REX system plays a significant role. In today’s blog section, we will give you vital information about this particular system so that you are not clueless the next time you apply for the  REX system . For more information, continue reading below. What is REX System The Registered Exporter System or commonly called  REX System  is a procedure responsible for getting self-certification of origin of goods. This system has been introduced by the European Union (EU) for facilitating easier exports by determining the origin of said goods, thus, boosting countries under preferential trade agreements. Top Benefits of Registered Exporter System The primary aim of the Registered Exporter System (REX) is enabling exporters to self-certify their goods without seeking approval from the concerned authorities. Here we have mentioned a few benefits of the Registered Exporter's System enjoyed by exporters. Convenience If there’s one word to sum up this entire system le
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5 optimal benefits of GST every entrepreneur must acknowledge 

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  One of the greatest and most-discussed tax reforms in the Indian subcontinent is none other than GST. GST or Goods and Services Tax got both praises as well as criticisms from the people of India. Nonetheless, the tax reform is very much functional today due to its obvious advantages on the businesses, consumers, and of course, the government. There was a time when people had to pay a plethora of indirect taxes under various heads, like sales tax, service tax, purchase tax, VAT (Value Added Tax), excise duty, and so on. But after GST became operational on 1st July 2017, all these indirect taxes mentioned above got clubbed into one single tax category. In other words, GST became an umbrella term for all indirect taxes that we were paying since time immemorial. The arrival of this tax policy has contributed to the revival of the Indian economy by making it a unified market with a “one nation, one tax” outlook. For businesses, GST made the impossible things possible like reducing the tr
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5 superior reasons to hire a Tax Advisor for your business

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  Tax Advisors or Consultants are financial professionals with additional training in tax accounting, tax compliance, tax planning, and tax law. A tax consultant's job includes developing strategies for businesses to reduce their tax liabilities. With the expertise of a tax advisor, organizations are able to make smarter financial decisions regarding tax-related matters. Most business owners believe hiring a tax consultant is a wastage of money but if we measure the pros and cons of the same, we can come to a conclusion that tax specialists rather allow ventures to save money in the long run. There are many  chartered accountant firms in Bangalore   that offer customized tax advisory services to SMEs as well as MNCs.  In today’s blog, you will learn about 5 superior reasons to hire a Tax Advisor or Consultant for your business. So, without any further words, let’s move forward to the pointers.  Convenient Tax Filing Filing taxes take a huge amount of time. In fact, the entire proce
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5 Direct Taxes to acquaint yourself with as an Indian Entrepreneur

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  As long as you earn revenue or income, you have to pay taxes levied by the government. Taxes are categorized as two types – Direct Tax and Indirect Tax . Direct taxes are directly paid to the government by the taxpayer whereas Indirect taxes are imposed on products and services and are paid by the seller. Most CA firms in Bangalore would recommend you to become sure   about taxes as are applicable to your business so that you never get any tax evasion lawsuits.  In today’s blog, we will talk about 5 Direct Taxes you must acquaint yourself with as an entrepreneur in India. So, let’s move forward without any more explanation. Income Tax This is one of the most misunderstood and popular direct taxes in India. One of the interesting things about this particular tax is that it has to be paid by both individuals and companies. Since our blog is focused on entrepreneurs, we will highlight Income Tax apropos to that. Let’s take a look at the tax slab for business owners who are below 60 y
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5 absolute CA services to opt-in for amplified business growth

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  Understanding tax is not an easy business as once you grasp the current tax regime, the government comes up with a new one much to your chagrin. Hence, Chartered Accountants or Certified Public Accountants are hired by several businesses belonging to different industries for sound tax and financial advice. A great number of  CA firms in Bangalore   provide varied services associated with accounting, bookkeeping, and taxation to their group of clients. In today’s blog, we will discuss 5 absolute CA services you must opt-in to boost your business level. The services discussed today are highly essential for any kind of business irrespective of size and region. So, let’s get started.  Accounting and Bookkeeping Services Accounting and Bookkeeping go hand in hand. While bookkeeping is the recording of financial transactions carried on a daily basis, accounting is the preparation of financial statements and reports. A Chartered Accountant is more experienced or proficient in the field of a
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