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Showing posts from November, 2021

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

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