Can we reduce the price to match the competitor’s price?
- August 20, 2019
- Posted by: SosAdmin)
- Category: Decision Making
No CommentsIt was quite a tense atmosphere at the boardroom of Haiethy Private lLimited. They had launched new line of product in the form of aluminum bottles for the kids segment just 15 days back It came to their attention… that their nearest rival had launched a similar product with 15% reduction in price and in
How to Activate Success Switch in Business
- August 20, 2019
- Posted by: SosAdmin)
- Category: Business Transformation
What happens when you enter a room full of darkness, you switch the light in the room? Then boom… your room is filled with bright light and you see things clearly What if there exists a success switch in business? All you have to do is find it and switch on But let me make
Problems that might occur when delivering Virtual CFO services and the Possible solutions
- August 20, 2019
- Posted by: SosAdmin)
- Category: Consulting
It’s a great feeling to finally have a CFO on board who can guide on decision- making and strategy. You are happy that this person will take your company forward with you. Most of the times Virtual CFO’S really do the job deployed to them and add tremendous value to the company tangibly as well
Virtual CFO
- August 18, 2019
- Posted by: SosAdmin)
- Category: Consulting
What is Virtual CFO Virtual CFO means an outsourced service provider who offers the expertize of a full-time CFO at fraction of the cost. Virtual CFO services are extremely flexible as the engagements are driven the by the client’s requirement. The services are typically charged on monthly basis or on the per visit basis That’sRegular Internal Audit to Improve Profitability
- December 11, 2017
- Posted by: SosAdmin)
- Category: Accounting Services, Business plans, Economics, Finance & accounting, Funding trends
In the previous article we had demonstrated how having effective controls in for of Standard Operating Procedures (SOPs) help in controlling frauds and reducing losses. Once the effective controls are implemented in the business same has to be monitored through Internal Audits. Internal Audits are independent, objective consulting activities designed to evaluate and improve the
Effective Control in Purchase Stage to Prevent Frauds
- December 11, 2017
- Posted by: SosAdmin)
- Category: Accounting Services, Business plans, Economics, Finance & accounting, Funding trends
A company with many different processes may suffer from lack of control of the management. If there are no control mechanisms in place, then there are chances of frauds which may result in high losses for the company. A manufacturing company has typically a higher susceptibility to fraud as compared to other businesses. This is
GST Compliance Process Simplified
- October 7, 2017
- Posted by: SosAdmin)
- Category: GST
In a series of announcements the GST Council on Friday 6-Oct simplified the compliance requirements for GST. The far reaching changes in GST are designed to ease the burden of SMEs and exporters. Composition Scheme turnover limit extended- The turnover limit for businesses to register under the composition scheme has been extended from current Rs.Choosing your Accounting Services Outsourcing Partner
- October 6, 2017
- Posted by: SosAdmin)
- Category: Accounting Services
Consider this: A CEO of a multinational company after reviewing his quarterly results comes to the following conclusion: Growth is stagnant Fixed cost is on the rise, contributed by rising expenses on Finance and Accounting Department. He mulls over this, and decide to outsource his accounts to third-party because he will be saving 20% onStand-Up India Scheme
- April 13, 2017
- Posted by: SosAdmin)
- Category: Incentive Schemes
In recent past, Government has launched many schemes to push and support start-ups in India. One of such scheme is Stand-Up India Scheme. What is the objective of the Scheme The objective of the scheme is provide funding anywhere between INR 10 Lakhs-INR 1 crore to Schedule Caste, Schedule Tribe and one women per branch
Service Tax Update-Definition of Aggregator Notified Under Service Tax
- April 12, 2017
- Posted by: SosAdmin)
- Category: Service Tax
There was lot of confusion surrounding the topic of aggregator in Service Tax. Therefore aggregator definition has been notified Aggregator means a person, who owns and manages a web based software application, and by means of the application and a communication device, enables a potential customer to connect with persons providing service of a particular