The steps are as follows: 1. Ignore opening and dosing cash and bank balances appearing in receipts and payments account. 2. Eliminate all items of capital receipts and payments. 3. Ascertain income of the relevant year by deducting from the total receipts the income received on account of previous and […]
Accounting
Corporate Tax Planning Is Not an Option, It Is a Must
Corporate tax planning is necessary for any business to be able to meet their obligations to the government, increase their profits and to plan by analyzing previous years’ performance. An experienced tax accountant can guide a company through the maze of tax laws, advise about debt-reduction strategies and help put […]
Wealth Creation – Income Generating Assets
Once upon a time, in the Southern part of Malaysia, there was a young farmer who just got married and purchased a new property with his wife. It was a dream come true as they were both excited about moving and settling down on this new land. As they were […]
Top 5 Free Payroll Software
Most business owners can keep track of their employee time and pay by using free payroll software. Cutting out additional expenses and providing customizable data fields, this excellent tool even offers support to troubleshoot product use. The Top 5 Free Payroll Softwares are listed below: #1: NolaPro v4.0. This free […]
Converting Manual Bookkeeping to a Computerized System
If converting a manual bookkeeping system to a computerized system, the conversion will take a bit more time than just starting fresh because it needs to be sure the new system starts with information that matches the current books. The process for entering the initial data varies depending on the […]
Things Worth Knowing About Business Setup and Consulting Services
Have a great business idea for your startup? Want to get into operations right away? Well, you might need the assistance of business consultancy firm. While small business owners and new entrepreneurs are great at multitasking, starting a business is a different game altogether. A lot of CPA and small […]
Famous Chartered Accountants of India
Chartered Accounting is a fruitful, reputed and highly paid career. Its curriculum is its uniqueness. Those who are extremely ambitious to excel in life should pursue it. It requires your efforts and the fruits of your labour would be outstanding and unexpected. In India, there are some famous Chartered Accountants […]
Benefits of Taking a Bachelor of Commerce Degree
According to a recent report in Global Financial Monitor, employers are currently facing a talent shortage of finance and accounting professionals. This means job prospects for graduates with a commerce degree are quite promising. A Bachelor of Commerce or B.Com degree is designed to give students managerial skills in commerce […]
