A recent survey carried out by the Federal Reserve Bank shows the credit environment, business condition, and insurance coverage of small and medium businesses. Of all the affected businesses, the survey put forward that only 4% has not faced any revenue losses, while 61% of companies suffered significant losses. The reality is that majority of …
Read MoreThe unprecedented apocalypse type of situation that has triggered fears of economic depression has also forced the government to allow extreme fiscal measures. The COVID 19 outbreak has prompted the Reserve Bank of India to announce a moratorium on Term loans for three months from March 1st 2020 till May 31st 2020. The banks have been scrambling …
Read MoreIndia is a powerhouse of resources, a gold mine of opportunities, and a beacon of hope, for every aspiring citizen who wishes to start their own business. Naturally, more and more start-ups and small businesses have emerged over the years, and the number only seems to be on the rise. If your business is one …
Read MorePoint of Sales (or POS) transaction refers to the moment where the customer makes the payment against goods or services. This payment process can be completed via any of these mentioned methods, including payment via cash, credit cards, debit cards, mobile payments, loyalty points, and even gift cards. A study revealed that the POS transaction …
Read MoreBefore the advent of GST, the tax structure of India used to be a complex one. Different taxes were levied on the businesses that demanded to be taken care of in various departments in different cycles. The criteria for tax payment also used to be different depending on the concerned state. It was especially detrimental …
Read MoreIn this dynamic business scenario, we never know what will happen and when. There is no situation where things will move in a planned pattern. But, the emergencies, changes in the law, or even an immediate requirement from the client will keep you puzzled to arrange for funding. This is when a working capital loan …
Read MoreA constant flow of finance is the primary success for every businessperson. It can happen only when you know how to identify the right source for money. It is not possible to run the business in profit until you reach break-even and hence generating money from your business cannot be an immediate solution. Do not …
Read MoreFinding the right method to procure financing is essential to keep your business thriving. It is an imperative element for small businesses to maximize their potential profits by maintaining a healthy influx of capital. The proper allocation of funds through apt means helps businesses drive growth in the right direction. However, every business is different …
Read MoreBE GST-COMPLIANT FOR A HIGHER PROBABILITY OF OBTAINING A BUSINESS LOAN: HERE’S HOW The recent-most tax reform, namely Goods and Services Tax (GST) has been conceptualized with the aim of increasing decentralization, increasing business opportunities and increasing the GDP of the country. Small and Medium Enterprises (SME) is a considerably large segment of the business …
Read MoreIntroduction of GST, the Goods, and Services Tax has been the most dramatic and revolutionary tax reform in India. The debut of this comprehensive taxation system brought a huge impact on businesses across the nation. The Goods and Services Tax achieved the standardization of various indirect taxes levied by the State/UT and Central Governments. However, …
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