Before we learn about the annual compliance of a private limited company let us first understand its business structure. According to Section 2(68) of the Companies Act, 2013 a private limited company is a privately owned legal business entity. The private stakeholders have complete control over it. There is no restriction as such. Anyone can […]
A trademark can be any name, logo, a numeral, label, or a visual symbol, which may be a word, a name, a device, a color combination, sound or smell that represents your business and can be used by a business to differentiate it from other goods of different business. It makes it easier for customers […]
Accounting principles form the foundation of financial management. They are the guidelines that dictate how financial transactions should be recorded, analyzed, and reported. Basic accounting rules are essential to ensure accurate financial reporting and compliance with regulatory requirements. In this article, we will delve into the intricacies of accounting principles and their importance in financial […]
Define accrual accounting It is “an accounting technique that records expenditures and income as they occur, even if you don’t immediately receive the cash,” according to Entrepreneur.com. An “accrual” is any recorded transaction for which the amount of money entering or leaving the bank is not the same. For the sake of anyone who’s having […]
Small businesses are the backbone of the New Zealand economy, making up 98% of all businesses in the country. While there are many advantages to being a small business owner, there are also many challenges. One of the biggest hurdles that these businesses face is keeping accurate and up-to-date records. To meet their tax obligations, […]
