Introduction Employees are the most important resources in any organisation and to take the utmost care is the responsibility of the employer. The government has introduced various schemes for the benefits of the employees, one such scheme is Employee State Insurance i.e., ESI. ESI aims to medical insurance to employees
A private limited company that does not trade its shares on the stock exchange. However, the stakes are transferable between the members with the permission of the directors. Your company will get tax exemptions if it is an approved startup. Hence it is a popular choice for new startups and
The year 1991 saw the opening of the Indian economy with the economic liberation that saw lots of mergers and acquisitions happening. Mergers and acquisitions have become the easiest and fastest ways for a company to organize itself from top to bottom and become financially more profitable. It is the
Self-employment or entrepreneurship is exciting yet challenging in many ways. Every new venture has its set of risks and loopholes. Startup registration in India is one of the prime concerns while starting a business. But an intelligent choice can help you move away from unnecessary pressure and focus on only
Accounting and bookkeeping are the two most essential parts of any organization. But an expert’s assistance and guidance are always required. If you plan to conduct accounting or bookkeeping activities on your own, chances are higher that so many things will go wrong which will eventually contribute to your loss.
If you own a company, then you won’t debate the fact that finding a qualified and well-experienced accountant is difficult. Of course, there are so many accounting companies in Bangalore, Chennai, Mumbai, etc. but getting the best of expertise demands time and even some cash. Yet, you have to make
Payroll Management is one of the most crucial tasks for an organization. For a company with an employee count of 2 or 1000, the salaries need to be rolled out on time. It helps in maintaining the goodwill of the company and creates a trustworthy relationship between the management and
One of those must-do tasks in business is accounting and bookkeeping. And if you don’t have sound knowledge, it could be challenging and this procedure requires the support of the accounting and bookkeeping services. These two are the undeniable steps one must cater to, for maintaining all the financial transactions
Businesses across the world depend on payroll management services to ensure operational efficiency. The payroll helps to keep a record of expenses made for employees. It consists of systems that enable the processing of paychecks on time, completion of tax formalities, and other documentation. For any organization, it is a
Interested in doing a business investment? If your answer is Yes, then you should make sure that the end result is beneficial. For this, you must properly plan, develop and execute the business ideas. Some of the main procedures included in this are verifying the documents, building a team of
Bookkeeping, accounting, auditing, and tax preparation are essential for tracking expenses and managing the financial aspects of a business. Without proper record-keeping practices, there are chances of overspending which can lead to higher business expenses. It is obvious that bookkeeping is a stressful and long-winding process but it leaves no
What is a Private Limited Company? A private limited company is a business entity registered under the Companies Act, 2013 and owned and managed by a group of members known as shareholders. The characteristics of a private limited company include: Ownership: The shareholders are the owners of a private company.
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Home salary structure and salary components As any successful business organization out there would agree, Payroll plays a pivotal role in their success. This due to a basic fact, whether you like it or not, that everyone is ultimately working for the money! It serves as an important criterion to
START-UP INDIA, STAND-UP INDIA” Recognizing start-ups as a crucial contributor to the economic growth of the country is easily the most welcoming decision taken by Shri Narendra Modi since 2014. Before this, most of the laws, rules, and regulations were framed in the country without appreciating the fact that Start-ups
With the spread of COVID-19 causing delays in meeting various deadlines, Hon’ble Finance Minister Nirmala Sitharaman announced few significant reliefs on 24th March 2020. INCOME TAX The last date to file a belated/revised income tax return for FY 2018-2019 extended from 31st March 2020 to 30th June 2020. Interest on
Fin Min chaired, 39th GST council meeting has just concluded and following significant decisions were taken : GST on mobile phones increased from 12% to 18% w.e.f 01st April 2020 New GST return system deferred till September 2020 The due date for GSTR 9 & GSTR 9C for FY 2018-2019
Why is accounting and bookkeeping essential for a startup? A business without effective accounting or bookkeeping is as dead as a fish out of water. For most, bookkeeping may sound and seem insignificant or perhaps excessive. Especially if you are a budding entrepreneur or an SME with each foot on
Five years ago, incorporating a Company in 2-3 days (over even in two-three weeks) in India seemed a distant dream. Even worse, the process did not just end there! Post-registration, it took forever to obtain a PAN, open a bank account, and tax registrations. But with the intent of improving
Amidst low GDP estimates, tanking share market, and growing danger of coronavirus, there is finally something to cheer about. As a part of ongoing initiatives to improve ease of doing business, the Ministry of Corporate Affairs (MCA) has introduced an amnesty scheme under the Limited Liability Partnership Act, 2008 –
Planning to start your business in India? Welcome to SetMyCompany, which is the right company for quick and easy start-up registration. We help you choose between different types of organisations and support you throughout all stages. Our other services include accounting and booking, due diligence, GST compliance services, payroll and investment compliance. We strive to achieve 100% client satisfaction.