Running any business comes with a lot of responsibilities. Besides strategy, execution, P&L, you need to pay attention to taxes and compliance. Furthermore, in order to maintain good financial health, you must have an eye for detail when making tax and compliance-related decisions. In this blog post, we’ll discuss the types of business taxes, their […]
GST stands for goods and services tax is an indirect tax reform system introduced in India on 1st July 2017. GST levied both on Goods & services helps to create efficiencies in the tax administration. It consolidates various indirect tax levies such as central excise duty, service tax, VAT, Entry tax, Octroi, LBT, Countervailing duty, […]
SME’s are the primary growth drivers of the economy and the major contributors to the GDP. In India, almost 3 million SME’s contribute to the 50% of the industrial output and 42% of India’s total export. SME’s have expected to emerge as the leading employment-generating sector providing balanced development across sectors for a developing country […]
Goods and services tax subsumes all the indirect taxes from state and national level. The indirect tax system GST is planned to execute in India on 1st July 2017. (Knowledge Junction) Apart from this, France was the first country that introduced GST followed by a list of 160 countries. (Knowledge Junction) Objectives of GST in […]
Owning a business brings new challenges every day. These also bring rewards for you as a business owner. Incurring expenses puts constant pressure on business finances. There are ways for business tax deductions to save oneself from being charged extra for taxes.
For most of the small business owners tax time turns out to be the most stressful times. The small business tax tips are helpful in improving the profitability of the company. Taxes can be optimized with very simple tips and tricks, but the planning has to be done in advance. The year 2017 lowers the […]
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