Dematerialisation of securities of Private Limited Companies
Recently, by way of a notification dated 27 October 2023 (Amendment), the Ministry of Corporate Affairs (MCA) amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 (PAS Rules), inserting a new rule[1], to require every private company (other than small company and government company) (Private Company) to dematerialise all its securities, issue securities only […]
Auditing in Accounting: Here’s Everything Worth Knowing
In the world of accounting, where precision and transparency are paramount, auditing emerges as a critical process that ensures the accuracy and reliability of financial information. Auditing in accounting serves as a systematic examination of financial records, statements, and transactions to validate their integrity and compliance with established standards. It is not just a regulatory […]
7 Common Accounts Payable Challenges + Solutions from Finsmart
The Accounts Payable (AP) department serves as the financial backbone of an organization, managing the crucial tasks of processing payments, maintaining vendor relationships, and ensuring financial accuracy. However, this integral function is not without its share of challenges. In this blog, Finsmart Accounting – an accounts outsourcing company – will delve into the intricacies of […]
Accounting Software for MNCs: 5 Popular Recommendations
There is no dearth of accounting software that claim to support MNCs with core finance operations. However, it’s still hard for young multinational organizations to choose the right accounting software. Here are some questions that often trouble them: – What are the features to look into an MNC accounting software? – Which accounting software is […]
8 Tips to Choose Bookkeeping & Accounting Services for Small Businesses
For small businesses in India, every decision carries significant weight. Effective bookkeeping and accounting services form the bedrock upon which small businesses can build their financial stability, ensure compliance, and gain insights vital for growth. However, for many small business owners, navigating the space of financial management can be a daunting task. That’s why Finsmart […]
Financial Year-End Checklist to Close Books Right in 2024
As the Financial Year 2023-24 is about to end, it calls for certain checkpoints that each business shall ensure before they close their books. We have listed below points to ensure accountants and management are on top of the year end checklist and the same have been listed below for your perusal. In this blog, […]
FASB Accounting: Everything You Need to Know
The sea of accounting and financial management is endless. Every day, MNCs in India while navigating their business ship come across a plethora of accounting terms and regulations. However, one term that has spared heightened curiosity in many is FASB accounting. Questions around this have arisen a lot: – What is FASB accounting? – What […]
Top Challenges in Cross-Border Taxation and How to Overcome Them
“What cross-border taxation challenges should I be aware of after expanding my business in India?” In today’s globally connected economy, a lot of businesses are eagerly venturing beyond their home borders. India especially has emerged as a prime destination for lucrative opportunities and the prospect of high profits is drawing international businesses to expand their […]
Form 10F Simplified: Key Steps for Non-Residents Receiving Income from India
Form 10F is like a self-declaration form for people who live outside India but earn money here. If you’re a non-resident and want to benefit from a tax agreement between India and your home country, you need to fill out this form. In this blog, Finsmart accounting – one of the best outsourced accounting services […]
Collaborative Approaches for Global MNCs Entering the Indian Market
In the dynamic landscape of global operations, they say that collaboration is key to success. It’s a strategy executed through a clearly defined vision and mission grounded in transparency and constant communication. Now, imagine applying this principle to the complex and vibrant Indian market. Establishing a business in this country is just the beginning. The […]