Accounting and bookkeeping services in India are often taken as same services in business. A lot of minds would be in the dilemma of “Isn’t a bookkeeper an accountant?”. Well, there is a huge difference in both terms. So, what’s the difference between a bookkeeping service and accounting service? Difference between Bookkeeper and Accountant So […]
There are many myths about entrepreneurship and false beliefs that often misguide an aspiring entrepreneur in taking wrong steps. Thus it is necessary to clear such myths and have a clear picture of Entrepreneurship in India. Widely believed myths about Entrepreneurship in India: A lot of fund is required for a start-up:This is one of[…..]
In recent years, India has become a hot destination for startups. With India’s rank in ease of doing business improving to 77, this is a clear indicator of a conducive business environment which has led to incorporation of many startups. But for any startup, scaling and running operations requires capital which comes in form of[…..]
The ‘StartupIndia’ scheme was launched by the Indian government on 16 January 2016. This scheme comes under the ‘Make in India’ scheme. The aim was to encourage entrepreneurship in India. First, let’s take a quick look at ‘Make in India’ scheme. On 25 September 2014, Prime Minister Narendra Modi launched the “Make in India” initiative.[…..]
What is Angel Tax? It is basically a term used to refer the income tax payable for the start-ups on the capital raised by them, or unlisted companies via the issue of shares through off market transactions.. The rate of angel tax was a hefty 30.9 per cent. This was applied not just to mature[…..]
What is a Start Up? At present an unmistakable meaning of a ‘Startup’ does not exist in the Indian setting because of the subjectivity and multifaceted nature included. Considering different parameters relating to any business, for example, the phase of their lifecycle, the sum and level of financing accomplished – startup funding, the measure of[…..]
For a new entrepreneur it’s viable to come up with a number of business design and plans, but it is difficult to actually deploy those ideas. Transforming an idea into a business concept involves thinking about how the product or service will be traded and who will buy it, the profits of the product[…..]
As a start-up firm or business owner, one of the major aspects of running a successful business is to ensure an equally competent team to manage the Accounting and Tax and legal matters associated with your business operations. All successful business owners understand the significance of a proper Accounting system, and compliances to Tax laws[…..]