Healthcare Accounting: How to Works, Differs, and Expert Industry Tips

Healthcare accounting

Healthcare accounting covers the accounting, financial management, and reporting practices specific to the healthcare industry. It involves managing revenue, expenses, and compliance with a complex regulatory environment. Since it becomes hard for young accountants and internal teams to manage accounts properly due to limited knowledge and guidance, Finsmart Accounting, the leading team of outsourced accountants […]

15 Tax Filing Tips and Strategies for Small Businesses in India

Tax filing tips

Tax filing in India, without proper planning and insights, can be intimidating. Many small businesses and young entrepreneurs face penalties after tax filing due to limited know-how. Thankfully, that won’t happen to you since we have the best tax filing tips and strategies right here! In this article, Finsmart Accounting – trusted globally for outsourced […]

E-Commerce Accounting: How it Works, Differs, and Expert Industry Tips

accounting for e-commerce

According to Statista, global online sales reached a whopping 5.8 trillion US dollars in 2023. This number is expected to surge by 39% in just a few years. While more and more businesses in India are setting up shops online, there’s a crucial aspect that’s often not talked about much. It can’t simply be ignored […]

8 Income Taxation Problems Faced by Businesses in India

taxation problem

Running a business in India is nothing less than a roller coaster ride. But things can get not-so-fun when entrepreneurs reach the income tax curve. Entrepreneurs, especially young ones, are unaware of the hidden complexities within the Indian taxation system and often feel confused when the time to file income tax returns comes around.  So, […]

Incremental Budgeting: Everything You Need to Know

incremental budgeting

In the last decade, incremental budgeting has emerged as a dynamic strategy that enables businesses to adapt to changing circumstances while maintaining financial stability. Today, we will delve deep to gain a broader perspective on financial planning. In this comprehensive guide, Finsmart Accounting – one of the leading accounts outsourcing services providers in India – […]

Dematerialisation of securities of Private Limited Companies

dematerialisation of securities

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 […]

Internal Controls and Accounting: Importance, Types and More

internal controls accounting

Imagine working in a bustling kitchen. Orders fly in, pans sizzling, and the aroma of delicious food fills the air. But what if there’s no one keeping track of ingredients? What if no one’s maintaining a hygiene check? Absolute CHAOS! That’s the importance of internal controls in accounting for businesses in India.  The situation is […]

Year End Tax Planning for Global Businesses: 10 Strategies and Tips

year end tax planning for global businesses

As the year calendar draws to close, a lot of businesses operating globally find themselves in a crucial juncture for strategic financial planning. Year-end tax planning strategies can significantly impact operations, allowing businesses to access the fiscal positions in front of competitors. Still, a lot of businesses operating on a global scale are not familiar […]

8 Tips to Choose Bookkeeping & Accounting Services for Small Businesses

bookkeeping 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 […]

Paytm Compliance Fiasco: RBI Notice, Financial Issues, and Tips for Businesses

Compliance for business

In the past week, a lot has been written about the Paytm-RBI issue, and the virtual bank’s compliance challenges. Since there’s a lot of noise around this case, we are here to break it down. On January 31st, the Reserve Bank of India ordered Paytm Payments Banks, a restricted bank and subsidiary of Paytm to […]

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