Real time accounting can be a conundrum, especially for small time entrepreneurs. Investing in software, part-time accounting or post-mortem accounting can be counterproductive. It never aids in any decision making process with respect to the business. Information on DAILY BANK BALANCE, RECEIVABLES OR PAYABLES is used by them mostly as a means for TAX FILING […]
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Sometimes professional rendezvous with clients can throw real surprises and interesting ones at that. During one such meet with a prospective client who was looking to clear the mess in his accounting and Tally software, my jaw dropped when the client pulled out a small notebook from his pocket and told me his entire accounts […]
As all of us know the greatest source of Guaranteed Revenue for Central Govt. is Direct Tax – TDS. Having said that we as Professional Consultants feel that Income Tax Dept is using TDS as a mode of Punishment for us Business Entrepreneurs. TDS is deducted on Bills even without knowing whether Payments are going to […]