No matter the size of your business, two requirements stay compulsory in every stage of your business’s life-cycle – first, accounting and second, tax/tax returns filing.
if you have a Chartered Accountant who takes care of both? As a business owner, you ought to know how your incomes/expenses, profits/losses show up in your accounting books and finally impact your taxability.
Finallly, we will bring you a series of articles that will tell you about how to account for various categories of account heads. In this article, we will discuss Fixed Assets in and out.