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When thinking about the next quinquennial year especially 2025 with global recession fears looming, it is crucial for companies to be financially prepared. At FinsQ, we opine that there are opportunities to prepare ahead and be prepared for the worst and hopefully avoid it while at the same time ens …

Timely compliance with Tax Deducted at Source (TDS) regulations is crucial for businesses. TDS serves as an essential mechanism for tax collection and ensures that taxes are deducted and deposited to the government at the right time. This guide explains TDS in simple terms, its importance, penalties …

Artificial Intelligence (AI) is no longer just a buzzword—it’s transforming the way businesses and consultants, handle different facets of the business. From accounting to forecasting and decision-making, AI is streamlining processes, enhancing accuracy, and providing insights that were once reserve …

Choosing the right approach to financial accounting and management is crucial for the success of any business. One key decision is whether to manage your Finance and Accounts (F&A), also known as bookkeeping, in-house or outsource it to experts. The choice you make can significantly impact your …

Critical thinking is a vital skill in many fields, but its significance in finance is particularly profound. It involves analyzing information objectively, assessing various factors, and making informed decisions. For finance professionals, critical thinking helps navigate complex financial data, av …

In today’s fast-paced business world, startups face unique challenges when it comes to financial management. Every bit of money matters, and wise financial choices made early can pave the way for lasting success. While larger corporations often have a Chief Financial Officer (CFO) to handle their fi …

For business to grow and mature, it is necessary to opt for the services of an accounts outsourcing firm or a “Virtual CFO “, ( VCFO ) to simplify fatuous processes. One of the most common questions raised regarding this is the dissimilarities and similarities between accounts outsourcing and VCFO s …

The Companies Act 2013 (The 2013 Act or The Act), threw open a new set of reporting requirements for the auditors and the management of companies in India. Section 143(3)(i) of the Act requires the statutory auditor to state in his audit report whether the company has adequate internal financial con …