Popularity Of Prepaid Mobile Connections In India

Popularity Of Prepaid Mobile Connections In India

India is a huge country boasting of about 920 million mobile connections. It is quite surprising to know that among these about 95% are prepaid connections. So, it can be said without any doubt that prepaid connections are gaining immense popularity in both urban and rural India equally since the introduction of the new telecom policy by the Government of India. Read more

Common GST Pitfalls – Don’t Get Caught

Common GST Pitfalls - Don't Get Caught

Even though the GST has been in effect since 2000, there are many small business owners still making common errors. In the majority of cases, these mistakes have to do with people over-claiming their GST credits.

In order to avoid some of the more common GST pitfalls, you should keep it firmly in mind that the GST is a ‘transaction based’ tax, which means you should be trying to analyse every transaction to figure out the right GST action to take.

Below are some common GST pitfalls you should try to avoid.

Claiming GST without Valid Tax Invoices

If you’re registered for GST and hold a valid tax invoice, or recipient created tax invoice, you can claim a GST credit for purchases you made that cost you more than $82.50. Read more

LIFO’s Oudated Approach

LIFO's Oudated Approach

    Is LIFO Still Used by Today’s Businesses?

    When it comes to inventory valuation, most companies have a choice between average cost, FIFO (first in first out) , and LIFO (last in first out). Among these choices, LIFO has become a less viable alternative for todays businesses. LIFOs outdated approach manifests itself in the basic principle that the most recent inventory purchased is the first inventory sold. Read more

Learn Simple Examples of Calculating Fixed and Variable Costs

Learn Simple Examples of Calculating Fixed and Variable Costs

    Not All Costs Are Equal

      Most business owners do understand a fixed cost from a variable cost. Fixed costs remain the same such as rent, mortgage payments, loans, payroll, etc. A variable cost is one that varies and includes items like sales commissions, labor, and cost of sales.

    Even in the world of differentiating between fixed and variable costs, business analysts suggest that when calculating fixed and variable costs, your industry plays an important role. Read more

Factors Upon Which A Business Valuation Calculator Is Dependent On

Factors Upon Which A Business Valuation Calculator Is Dependent On

A buyer seeks to learn about a company before taking any kind of purchase decision. A way to learn about a business and its position in the market is to go through the valuation report of the company. A business valuation report not only lets the buyer know the worth of all assets of the business, but also understand the future prospects of the business. Read more