During the early part of 2021, Elon Musk-owned Tesla bought $1.5 billion worth of Bitcoin and announced that the company will accept Bitcoin as a payment. Immediately, the price of Bitcoin went northwards. In a filing with the Securities and Exchange Commission, Tesla said, they bought the Bitcoin because “it offers more flexibility to further diversify and maximize returns on our cash.”
If you are a business owner, you must understand the performance of the company in terms of ROI and growth. In the process of doing business, you may want to make several informed decisions related to diversifying business or acquisitions, inviting investors or seeking financial help, or business operations. Good financial health is key to take such decisions. Hence, evaluating the financial health based on certain parameters help you with effective decision-making.
“A man who does not plan long ahead will find trouble at his door” – a Confucius quote.
As a meticulous business growth plan is developed, an in-depth plan organizing the business’s finances must also be put in place. As you are juggling about every other department, finance also requires your attention.
India is home to numerous start-ups with research showing that 2-3 start-ups spring up each day in our country. We have around 38 start-ups each with a valuation of 1 billion USD calling them the unicorn club!
Income Tax Returns is a form of declaration about incomes and expenses, exemptions, deductions, and the resultant taxable income. Staying compliant is mandatory for all businesses. Filing your returns on time following the prescribed procedures is also critical to avoid any penalty. This is the most important annual activity for all businesses. Let us take a look at the top benefits of filing ITR on-time.
A company or an organization can issue shares to indicate unit of ownership and issue share certificates indicating the names of the shareholders and the number of shares. The shares must be issued within 60 days of allotting the shares. The share certificates issued is similar to all companies, be it a public or a private company.
Though Bookkeeping and Accounting seem to be synonyms for a single operation, they are actually two interrelated different tasks essentially to be performed in a business entity. Whilst Bookkeeping is primarily aiming to record the business transactions in the Books of Accounts, Accounting on the other hand is to analyze the recorded data and derive the financial information aiding the decision-making.