All latest News and updates regarding Accounting, Compliance and Legal
Everything related to Accounting and Auditing such as BookKeeping, Payables, Receivables, internal audits, and various audits.
What is Bookkeeping? A system of tracking an organization’s financial transactions is called bookkeeping. It is beneficial to maintain a record of all financial activities, including sales and purchases, cash receipts and payments, and so on. In order to examine these actions and make the required modifications at any moment, bookkeeping also entails keeping records […]
There is an abundance of excellent accounting software accessible for businesses to choose from. Being a business owner, you could find it challenging to select one among the numerous available options. Well, don’t worry. We’re here to support you in choosing what’s best for you and your company. Since Quickbooks products and service offerings for […]
Like most other businesses, your small business is likely to need the help of an accountant or legal professional at some point. However, a startup doesn’t have a lot of money in the bank, so you’re going to want to make sure you get the best deal on accounting and legal services that you can. […]
Failing to plan is planning to fail. This is especially the case for start-ups. Many start-ups fail because they fail to plan and plan well. These start-ups fail to keep up with the rising costs and run out of cash and hence fail to execute their plans. The article talks about 4 specific and important […]
Every growing company needs to have a dedicated bookkeeping and accounting team or service provider. The two practices are absolutely essential to maintaining businesses and organizing finances. For an untrained eye, bookkeeping and accounting may seem like the same thing, but here at BBNC, we can explain what their differences are and how important it […]
MCA Lays Down Mandatory Use of Accounting Software Having an Audit Trail New rules to come into effect from the beginning of the new financial year i.e., from 1st April 2022. The ministry of corporate affairs (MCA) has published a circular on 1st April 2021, under companies (Accounts) Amendment rule 2021. According to this circular companies […]
Union Finance Minister Nirmal Sitaraman during the presentation of Union Budget 2021 had announced few changes with respect to the Income Tax rules. These changes are set to come into effect from April 1st, 2021. These changes will affect the employees, business and provide some relief to the senior citizens. Let’s take a look at […]
As we all know that the current financial year 2020-2021 is approaching its end. And along with It, several financial deadlines are also approaching to their end. Which needs to be completed on or before 31st March of 2021. This year the central government has extended many deadlines already considering the situation of the Covid-19 […]
Leave Travel Allowance (LTA) Scheme is introduced by the Income Tax Department of India in the act 1961. Which provides various tax exemptions to the salaried class. LTA is a allowance given by an employer to its employee. Which can be utilized when the employee goes on a vacation. In this post let us understand […]
Due to Covid-19 pandemic and restriction on travel, most of employees are not able to claim the benefits of the Leave Travel Allowance (LTA) scheme. Given the situation arising out of Covid -19 outbreak. But In the resent Union Budget 2021-22. Union minister Nirmala Sitaraman has proposed a new scheme called Leave Travel Allowance Cash […]
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