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Showing posts from February, 2021

3 Main Reasons Why Payroll Processing Companies are Growing in Demand

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  Payroll processing companies in Bangalore and other fast-growing metropolitan cities are growing their market shares exponentially, primarily from small-scale firms. Some of the best payroll consultants in Bangalore predict that payroll processing is soon to become an industry in itself, considering the rising demand. The following are 3 factors that give rise to this demand:  Zero staff-acquisition concerns Your business must have ample staff to perform this vital role at all times when you process a payroll internally. On the other hand, hiring a reputable firm means that your payroll, regardless of the internal personnel concerns, is processed on time. Payroll software companies in Bangalore hire people inside and out who know payroll processing . These people specialize in the nuances of payroll taxes as well as complying with regulations of the government. It's what they are qualified to do and part of their assured service. Compliance The legislation and rules regulating t

The Process of Financial Statement Filing for Companies

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  CA services in Bangalore and other metropolitan cities in India are rapidly reaching out to companies to aid their filing of financial statements. The process is tedious and requires extensive expertise in the field. This is why startups and major corporates alike seek services from the top CA Firms in Bangalore for their financial statement filing.  The associated laws of Financial Statement Filing A copy of a company's financial statements must be filed annually with the Registrar along with Form AOC-4 for each Financial Year, as per section 137 of the Companies Act, 2013. The fees or supplementary fees, as appropriate, should be filed within 30 days of the date of the annual general meeting.  Rule 12 of Companies (Accounts) Law, 2014 requires each company to file its financial statements with the Registrar in e-Form AOC-4 and Consolidated Financial Statements, if applicable in e-Form AOC-4 CFS. It further states that it is mandatory to file its financial statement in XBRL for