Archive for Author: admin@bfag

Indian Finance Minister Nirmala Sitharaman, Key Announcements for statutory compliance amidst COVID-19 Pandemic

Due to the COVID-19 outbreak, there are massive changes taking place in the country. There are various measures taken by the Ministry of Finance for the extension of statutory and regulatory compliances.  The Finance minister Nirmila Sitharaman announced the following measures – Income Tax Income tax returns dates are...

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The next big thing in CPA solution

Technology – The next big thing in CPA Backoffice Solution

With the technology running rapidly ahead with every second, the very nature of our businesses has changed. We have gone from paper to virtual files and from board meetings packed with people to virtual conferencing! Satya Nadella of Microsoft stated that “Information Technology is at the core of how...

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Misconceptions about outsourcing tax preparation services

Misconceptions about outsourcing tax preparation services

We are always doubtful about handing over our work to someone else which happens for many reasons, ability, deadlines, accuracy, quality, etc. Thus, small entrepreneurs are often very skeptical about outsourcing their tax preparation services. Today’s blog is all about busting the myths that you may have heard about...

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Hiring a part time Outsourced CFO who is also a CPA_ Isn’t it a great idea

Hiring a part time Outsourced CFO who is also a CPA? Isn’t it a great idea?

Here we are to discuss about the positive possibilities of hiring a CFO for startups, small and midsize companies. For that, lets first understand what exactly are CFOs. The chief financial officer is the one who bears the responsibility for managing the company’s finances, along with the financial planning,...

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