Author: Jesna John K

Artificial Intelligence (AI) is a technology that has transformative potential for the accounting industry. AI refers to the simulation of human intelligence in machines, allowing them to perform tasks that typically require human intelligence. Here’s how AI can impact accounting: Automated Data Entry: AI-powered systems can automate the data entry process by extracting information from… Continue reading Artificial Intelligence in Accounting

The Minimum Alternative Tax (MAT) is a provision in the Income Tax Act of India that ensures companies with significant profits and substantial operations do not avoid paying taxes by taking advantage of various deductions, exemptions, and incentives provided by the tax laws. The MAT was introduced to address the issue of certain companies showing… Continue reading Minimum Alternative Tax (MAT) in Income Tax

The government, through EPF regulations, aims to provide employees with an emergency fund which can cater to their retirement and other exigencies. EPF is managed by the Employees’ Provident Fund Organization (EPFO). EPF compliance entails regular filing of EPF returns. The due date to file EPF return is 15th of the subsequent month. The return… Continue reading Procedure to file EPF Return Online

To process payroll using Zoho Payroll, you can follow these general steps: Set up your company and employee information: Create a Zoho Payroll account and log in. Enter your company details, such as company name, address, and tax information. Add employee details, including their personal information, salary, tax information, and any deductions or allowances. Configure… Continue reading Zoho Payroll

Financial services refer to a wide range of economic activities that involve managing money and providing various financial products and services to individuals, businesses, and governments. These services are typically offered by banks, credit unions, insurance companies, investment firms, and other financial institutions. Here are some common types of financial services: 1.Banking Services: Banks offer… Continue reading Financial Services

There are several strategic planning tools that organizations can use to analyze their current situation, set goals, and develop action plans. Here are some commonly used strategic planning tools: SWOT Analysis: As mentioned earlier, SWOT analysis helps identify internal strengths and weaknesses, as well as external opportunities and threats. PESTEL Analysis: This tool evaluates the… Continue reading Strategic Planning Tools

The Automated Clearing House (ACH) is an electronic payment network used for processing various types of financial transactions in the United States. It is a system that enables the secure transfer of funds between banks and other financial institutions. The primary function of the ACH is to facilitate batch processing of transactions, which include direct… Continue reading Automated Clearing House (ACH)

Personal finance refers to the management of an individual’s financial resources, such as income, expenses, savings, investments, and debt. It involves making informed decisions to achieve financial goals, maintain financial stability, and secure one’s financial future. Here are some key aspects of personal finance: Budgeting: Creating a budget is fundamental to personal finance. It involves… Continue reading Personal Finance

Financial planning and investment strategies are crucial for managing your money, achieving your financial goals, and building wealth over time. Here are some key concepts and strategies to consider: Set Clear Financial Goals: Start by defining your short-term and long-term financial goals. Whether it’s saving for retirement, buying a home, or starting a business, having… Continue reading Financial Planning and Investment Strategies