A comprehensive guide on the process of trademark

There is no dissenting from the fact that a highly recognizable trademark is something that numerous of Delhi’s booming businesses have in common. Whether it is a phrase, word, name symbol, logo, or image, a distinct trademark can help to distinguish a company’s product or service from others.

There are different types of trademarks namely product trademarks, service trademarks, certification trademarks, collective trademarks, and much more. A well-known trademark can be a powerful tool for any business to exercise enormous competitive advantage and that makes trademarks very important. If a trademark is to be registered:

It should not be misleading

It should be distinct, unique, and capable of distinguishing goods and services from others.

It should be far away from an already registered trademark of another person.

But how do you know whether your idea for your brand’s trademark is unique or not and whether your trademark compiles to the regulatory guidelines? Well, that’s when trademark registration consultants in Delhi can be of some help.

Through the registration of a trademark, the owner owns the exclusive right to use the services and goods of the registered trademark and seek relief from any violation. Through the registration, the brand can build trust and goodwill and gain recognition for the product’s quality.

Perks of seeking for trademark consultation

In a nutshell, it can be said that a trademark registration consultant company saves the applicant’s time and energy and ensures a smooth process while registering as a trademark.

Trademark consultants are responsible or preparing and presenting the applications of their clients. Besides, the consultants are also meant to advise clients on intellectual property matters and represent clients before the registrars during the prosecution. Some of the benefits of opting for a trademark registration company in Delhi include:

For an inexperienced person, there is a high probability of making mistakes in the trademark application which can have an adverse effect on the application. But with an experienced consultant, this won’t be the case.

Consultants can also advise their clients on the registration process, with the trademark licensing requirements and transfer of intellectual property along with the protection of existing trademark rights.

Spending time on building a business is far more valuable than learning the ins and outs of trademark registration. This is why it is essential to hire a trademark consultant to look after the registration process.

Trademark Registration in Delhi is a gruesome process and knowing the intricacies of registration is perplexing. Having a consultant on your side can handle your registration process starting and you don’t need to worry about several stages and corresponding deadlines. The consultant can help you to file necessary responses, advise you of the progress of your application while monitoring your application. 

One of the most important aspects of registering trademarks is to protect your trademark from infringement. Trademarks may consist of a word, combination of words, letters, abbreviations, numerals, names, etc. Again, under the Trademarks Act, there are provisions to file a lawsuit in case of trademark infringement, which may impose criminal liabilities. We at Manish Anil Gupta & Co. have a team of lawyers to plead arguments on the behalf of clients in courts or tribunals regarding trademark infringement. 

What makes us the best?

We are one of the well-known trademark consultants of Delhi. Our team of experts offers end to end trademark registration solutions like searching for trademarks, trademark attorney, and other compliances pertaining to The Trade Marks Act, 1999. In India, the procedure for registration of various types of trademarks involves complex legal works that can be solved only by experts. As per the laws and regulations in India, a trademark identifies certain goods or services, produced and provided by persons or enterprises, and is protected under the law.

Our services include:

We render the following services for trademark registration in Delhi:

Consultation on the registration of Trademarks

Conduct searches to detect opposing Trademarks

File various applications such as:

Trademark applications

Slogan Registration applications

Trade Names publication requests

Trademark oppositions

Trademark cancellation actions

Renew Registrations

Investigate the scope of protection that can be offered

Analysis and consultation of trademark infringements

Enforcement of Trademark rights against an infringer

Provide legal advice on Trademark disputes

Filling of Annual Returns of companies and LLP

Change in name or address and other recording of assignments.

Source:http://prsync.com/manishanil-gupta/a-comprehensive-guide-on-the-process-of-trademark-3299339/

A sneak peek into the company registration process

In the dynamic business environment of a bustling metropolis like Delhi, there are numerous businesses that are known as flagship or premium brands in their respective industries. If you are looking to start a new venture that can compete with the industry giants, or expand your business through a new wing, you may be considering registering your business. 

Registering your company can be a great way to expand your business and ensure your success while hiking your ROI. Not only the registration will lower your tax rates, but it will also make you free of liability which means that you can focus on turning your business into the lucrative venture that you always wanted it to be. Company registration in New Delhi has tons of benefits. Some of these are outlined below. Have a look!

You will minimize your personal liability

Online Business Company Registration India is important because even if your business doesn’t function in brick and mortar and you just have your prominent online face, selling a defective product or making an error can make you personally liable because of your sole ownership or partnership. Running a business like this can be risky as this can mean that your personal assets are also on the line. But if you are registered, debts that attach to the company, it will not attach to you.

You can raise significant capital

If you are registered as a full-fledged company, then your ability to raise money and attract investors will be much easier. Registration gives you the liberty to incur debt and to borrow but more importantly raise equity capital and sell shares.

You can prevent conflict with your co-founders

One thing that no one can deny from is: registering a company helps enormously if any conflict arises with your cofounder. While registering the company the subject of shares for each owner and the controlled powers are also clearly distinguished which helps the owners to have a clear understanding of their investment and assures that in case of any disputes share allocation determines the most-decision making power.

You will minimize your tax liability

If you opt for Company registration in Delhi then you are more likely to pay less tax under a company structure which will depend on how much revenue your business brings in. In addition, your company can also exercise the benefit of being entitled to a range of tax deductions for advertising, repairs and maintenance and education.

Brand awareness and legitimacy come in hand

For every business to be as expansive as it can be, having a company structure is necessary. When you decide to go for new company registration in Delhi you decide to enhance the reputation and perception of your business as the customers and clients will know that you are answerable to the regulatory body. In this way becoming registered can also pave the way for future dealings with third parties as well.

Reasons to invest your trust in us

Manish Anil Gupta & Co. is known as the pioneer of transforming dreams into reality with the label of success and authenticity. We are capable of handling all legal and Company Law Compliance. We are with you all through the journey of setting up your business as a company or LLP. From the stage of getting your company name registered to prepare MOA and AOA, allotment of DIN, getting incorporation certificate, mobilizing banking and financial resources to the beginning of actual operations, and till holding AGM and filing an annual return to the registrar of company. We stick with you and guide you in the overall working of your company and through the process of Online Company Registration in Delhi.

Our services include:

Company Registration in Delhi and India.

LLP Registration in Delhi and India.

E- Filling of Documents With MCA.

Compliance Under Companies ACT, 2013.

Formation of Section 25/Section 8 Company (Non-Profit Making Organisation).

Compliance related to charge-management.

Director Identification Number(DIN) related services.

Maintenance of Statutory Records Prescribed Under Companies Act, 2013.

Preparation of notice, Resolutions, Minutes related to the Board meeting, general meeting, etc.

Winding-up And Liquidation of Companies and LLP.

Filling of Annual Returns of companies and LLP.

Compliance related to the Auditor appointment. 

Read more info about the GST consultant in delhi,Tax consultants in delhi & NRI Return filing in India

Source:http://prsync.com/manishanil-gupta/a-sneak-peek-into-the-company-registration-process-3298823/

Few reasons why you need a reputed CA firm

It is obviously a very critical job to find a Chartered Accountant firm which provides Roc filing services in Delhi. It’s because of the vast range of specializations that are available in the Chartered Accountant profession. Nowadays, due to more and more compliances in maintaining financial statements, most Chartered Accountant firms are also providing other services apart from their routine ones. Subsequently, those services include Trademark Registration in Delhi and much more.

According to a survey done in 2018, three lakh chartered accountants, guided the businesses as well as individual taxpayers throughout the entire taxation & audit process. But that’s not all, here are a few other regular services that are known to be provided by a CA firm: 

Cost Accountancy:

It would be completely wrong to say that Cost Accountancy is something that an Intermediate student pursuing the course of Chartered Accountant will be able to handle, which is why you need a professional. It’s one of the complex and most crucial job for a Chartered Accountant firm to calculate anything related to Cost Accountancy. Due to their rigorous and relentless practice of the same subject over and over again since the very beginning they are an expert in the field. A Chartered Accountant firm is thus very useful in successfully delivering various Cost Accountancy services. Subsequently, few of them are:

Calculation of Work in progress in Contract costing,

Calculation of department wise revenue in Department Costing,

Computation of income or profit of a firm through Marginal Costing,

The estimate of operation cost through Operation costing,

Calculation of profit and expenses in a particular process through process costing.

A Chartered Accountant is also equipped with numerousother procedures to provide information on costing regarding different cost control methods, management decisions, establishing appropriate cost and selling prices through the preparation of Cost Sheet.

Investigation:

There are so many services where a Chartered Accountant firm investigates all the financial statements of a business. Subsequently, few of those matters are absorption, internal reconstruction, external reconstruction, the new issue of equity shares, the new issue of preference shares, issue of bonds/debentures, amalgamation, sale or purchase of a substantial business firm and many more.

Further, these investigations are conducted for getting a more accurate view of the working process of the management or the firm’s administration. Lastly, they also offer countless remedies for substantial loss for a specific period or for a continuous decrease of profits in various quarters etc.

Few other services provided by Manish Anil Gupta & Co, the best Chartered Accountant firm in Delhi, are directorship, taxation, accounting, Trust Registration in Delhi, financial management, strategic management, companies secretarial work, Company registration in Delhi, share valuation work and much more.

Also, Read Tax consultants in delhi

Source:https://www.linkedin.com/pulse/few-reasons-why-you-need-reputed-ca-firm-manishanil-gupta/

Read this before opting for the services of any CA firm

You will find various Tax consultants in Delhi in the top firms, which provide multiple services like NRI Return filing in India, costing &Accounting services etc. But, if you really want to ensure that all your purposes regarding the financial transactions are appropriately maintained, then you should definitely consult a reputed Chartered Accountant firm.

It’s because these firms have access to experts who have extensive knowledge regarding various fields like Taxation, Corporate Laws, Accounting, Financial Management, Cost Accounting, etc. Further, a CA firm provides an enormous number of other relevant services to make sure that their clients don’t have any hassle while paying their taxes or handling their returns or maintaining their financial statements for a given period. 

In the year 2018-2019 there were almost 6.33 crore taxpayers in India. So you see why professional auditing and taxation services are important here? Well, here are a few other prominent services that a Chartered Accountant firm provides:  

Auditing:

It won’t be wrong to say that the term Auditing is synonymous with the profession of a Chartered Accountant. It’s the most critical and prominent service rendered by a Chartered Accountant firm. Almost all the theoretical knowledge of a Chartered Accountant comes into play while auditing the financial statements of a firm, which is why only experts are allotted such crucial tasks in any reputed firm.

The main goal of a Chartered Accountant firm is to make sure that the financial statements of a specific firm abide by three procedures. They are the Generally Accepted Accounting Principles (GAAP), Accounting Standards (AS) and Standards on Auditing (SA). Eventually, after following these procedures, one can ensure that the Chartered Accountant firm provides an accurate and fair view of all the transactions in the financial statements of a business firm. 

Taxation:

For the purpose of understanding the ever-changing business economic policies in India, it becomes vital for any organization to hire a Chartered Accountant firm which has all the knowledge about the number of taxation policies, along with their amendments. Subsequently, there happens to be a close link between the assessment of taxes and the maintenance of financial accounts.

Therefore, it provides a beneficial edge for a Chartered Accountant firm to prepare taxation returns for a specific firm along with the other costing services.This way you won’t have to explain your crucial business transactions and reveal your financial details to multiple companies. With the right firm, you can get it all under one roof!

Therefore, if you need any advice regarding commercial purposes, or Accounting services in west Delhi, and Trademark Registration in Delhi,make sure you consult Manish Anil Gupta & Co, the best Chartered Accountant firm in Delhi, to make the most of your investments or any other business ventures.  

Source: http://prsync.com/manishanil-gupta/read-this-before-opting-for-the-services-of-any-ca-firm-3297380/

Become a legal owner of your brand name with trademark registration

Trademark registration in Delhi is important for every business. The article explains the various benefits that your company gets with trademark registration. 

So, you have thought of a creative brand name for business and all geared up to launch it into operations. Congratulations! But do you know the brand name is prone to being copied or stolen? Hence, trademark registration in Delhi is important when setting up your business. Every business has a well thought name for its products or services. This name is often decided with an emotion attached. This name helps you stand apart from your competitors too.

What is trademark registration in Delhi?

Trademark registration is the process of registering a brand name. This makes the organisation become a legal owner of that very name. Getting your name trademarked also gives you a right to use that name to promote your business in anyway. Anything can be trademarked - an alphabet, phrase, symbol, a letter or any combination of these.

What are the benefits of trademark registration?

1. Trademark registration comes with a myriad of benefits. Besides offering a unique identity to your business, it helps your customers distinguish your brand from others.

2. If you get your brand registered, you can protect it from infringement. In today's competitive market, there are people who resort to unhealthy ways to get ahead. They may use a successful brand to tarnish the image. By getting legal ownership of the name, you can take a legal action against such malpractices.

3. A registered brand name helps in creating a goodwill among customers. It instils a confidence in buyers that you are selling a genuine product.

4. A trademark registration also helps in offering the important details about the organisation. This helps in further instilling more confidence in customers.

5. The process of trademark also offers a unique identity to your business. With legalizing your name, you get exclusive rights to promote your business. If your name is registered, the same cannot be allotted to any other party.

As you can see, trademark registration in Delhi, is an important tool for business. To make your business successful, it is important that you give your brand name a unique identity. This helps you safeguard your identity and protect your brand from infringement.

Trademark registration is an important process associated with the business organization. In order to do prosperous business, every organization must follow this rule. This will provide unique identity to the brand. Apart from this, it will help in spreading goodwill & protecting products from infringement.

Call to action:

www.manishanilgupta.com specialize in trademark and company registration in Delhi. The firm also specialises in ROC filing services in Delhi & Income tax return filing in Delhi.

Source:https://www.prlog.org/12822645-become-legal-owner-of-your-brand-name-with-trademark-registration.html

Want to start a new Business? Consider someimportant Key Factors!

Do you want to start a new business of your own? Are you frustrated about what to do and what not to? Well, here we brought eight essential tips you need to hold in your mind while starting any new business.

For a new start, it is very crucial to lessen the risks to stay in the long run in the future while maintaining steady cash flows for business operations. You can face many hindrances in the path but reducing their impact is the all-important job you have to perform. Here are some guiding principles to dress for your mission as a new entrepreneur. 

1. An Innovative Practical Idea

Businesses can't thrive without a great idea lining it up. A modest idea with practical sense is the significant factor behind every flourishing startup. At the same time, it is not upright copying others ideas in the first place, as in today's competitive market unique and innovative business plans and strategies can only stand in the long run. Therefore, an entrepreneur should do extensive market research and analysis and proceed with a selective approach.

2. Competition Analysis

When you come with a new product or service, an extensive study of existing and feasible prospective competition is pretty much relevant. Having an explicit knowledge about your probable direct competition is an absolute need. If you are not able to price your product or service lesser than your competitor, at least strive to fix at a reasonable rate which is at par. Else people won't pay much attention to a newly-entered business in the market. So, do a proper study on your rivals.

3. Financing and Budget Forecast

Funding is another critical factor that has to be taken into account during a new business set-up. It is equally important to understand at the same time that how the funding needs to be done, private funds or investors money. Create a detailed budget forecast for all financing requirements. Then approach reliable investors if your business is not funded by yourself. Next, when your business begins its operation, try to stick with your pre-planned budgets.

4. Best Fitted Tools & Suitable Marketing Strategies

In the current market conditions, good marketing decides the fortune of new startups. If you market your product effectively, your possibilities of growth as a successful businessman increase, your product or service can only create sales when people get to recognise you, your products, your uniqueness and related advantages over your competitors. That is why marketing plays such a massive role in today's world to gain a competitive advantage.

5. Identify your Potential Customers

Every business person wants to earn big profits. Knowing your potential consumers is another crucial aspect of experiencing business with such gains. Every product has its speciality and potential customer base. Like if you're in toys business, then children are going to be your potential buyers. You need to evaluate from a child's perspective when creating and marketing your product. So, prospective customer identification is a much-needed task you should perform when starting your business.

6. Legal Documentation

The next important factor which needs to be addressed is the right legal documents' completion. To sell a specific product or service, you have to prepare all the legal papers connected with it. For this purpose, examine the legal courses or hire a firm. Whatever you do, make sure you're set with all the appropriate documents before you begin your new business.

7. Always be Positive

Every startup faces some challenges or difficulties during the initial years. If you aren't fortunate, you can also face some obstacles in your way. A confident approach towards life as well as business can keep you motivated to meet these difficulties. So, always try to be positive about your business and tackle troublesome conditions with intelligent thinking.

8. Don’t hesitate to ask for help when needed

The development of a prosperous business requires a lot of efforts and commitments. It is not a child's play at all. Many geniuses have attempted their luck in establishing a business. While some enjoyed success, a majority of them poorly cracked. One of the reasons behind their failure is over-confidence. So, always go for an expert's opinion whenever you're encountering any difficulty.

These are the eight most important factors behind setting up a new business. Follow these tips rigorously, and you will mostly be prepared for any trouble situation ahead in your industry.

DISCLAIMER: The views expressed are strict of the Manish Anil Gupta & Co. The contents of the blog are entirely for informational purpose.

Pros and Cons of GST in India

GST - Goods and Service Tax, as we all understand, is applicable on purchase of a good or service. The tax application has replaced all other indirect taxes. Numerous taxes levied by Central and State Government are now replaced by a single law. The GST is applicable to manufacturer, seller as well as consumer. GST consultants in Delhi are aware of changes and implication and are ready to help you with doubts. 

Understanding the benefits of GST

Transfer of tax liability

Indian tax system is one of the most complicated one compared to other countries. It has left quite a cascading effect. Since the tax liability was given to every next person in transaction cycle, it led to a significant increase in price of a good or service. GST has come as a solution to the same, and the burden of tax is now on the consumer. The industry can hence have a better control on funds and maintain a better cash flow. The elimination of transfer of tax liability is the biggest pro of GST bill.

Better control on tax evasion

Taxes can be complicated. The input tax, as per the law, is creditable to service provider only if the same is mentioned in their return. This ensures that the supplier is honest at the time of filing tax returns.

Better transparency

In order to utilise the benefits of GST, one needs to share all information in their paperwork. A retailer registered cannot have hidden costs. To become a registered retailer and avail these benefits, you can consult a top ca in West Delhi.

Better support to small business

Reduction in tax liability has made way for small companies to join the business league. There are many schemes under the GST bill that are fruitful for small companies.

Better threshold with GST

With VAT system, any company with a turnover of more than 5 Lakh had to pay due taxes. The threshold is now 20 Lakh, making it easier for small businesses to operate.

Understanding the Cons of GST?

High cost of operations

One of the biggest disadvantage of GST is the high operational cost of business. This is due to excessive training required for employees to help them understand GST. You can however simplify this by the help of GST consultants in Delhi.

Need for GST consultant in Delhi for every invoice

GST has made it easy for small businesses to become independent and successful. But it also needs them to have GST implementation for every invoice. This compliance needs them to have a professional on board all the time.

Decrease in tax exemption

The tax exemption is now decreased from 1.5 crores to mere 20 lakhs. This is not a good news for many indigenous manufacturing companies.

GST returns have to be filed online

While this may not bother a lot many of us, it is still a drawback for many people. The earlier taxes were done manually. it was easy for small business owners, many of whom were not very tech savvy. The online system needs you to upload invoices, this might be difficult for many people. If you are facing the same issue, you can get in touch with a ca in Janakpuri to help you file returns.

While it is a good idea to weigh the pros and cons of GST, it is something you cannot escape. The GST law is not complicated, but sure needs a thorough understanding. If you are new in business or GST seems confusing to you, GST consultants in Delhi are just a call away.

Call to action:

If you still have queries about the GST bill or its return filing, you can contact GST consultants. www.manishanilgupta.com are reputed advisors for GST return filing and registration.

Source:https://www.prlog.org/12822054-pros-and-cons-of-gst-in-delhiindia.html

Need a financial service? Hire the best CA firm in Janakpuri

You will find numerous reputed CA firms in your locality, that offers services in various fields like accounting, auditing, Information Technology (IT), Strategic Management, financing and taxation services. Further, it’s rare that such firms also offer two important registration services, namely Company Registration in Delhi and Society Registration in Delhi.

Why hire a firm?

In recent times of increasing globalization, there has also been a rapid increase in the demand of the accountancy of profession. Further, the Chartered Accountants are responsible for adapting to the various changes in the economy of the country with their substantial contributions.

Considering the broad aspect in the area of Chartered Accountancy few of the prominent services provided by the top Chartered Accountant firms.

Accountancy:

The chronological order of accountancy is:

1. Source document: It is a document that captures data from transaction and events happening in a firm within a specific period.
2. Journal: The transactions are further recorded into a journal from the source document.
3. Ledger: Further, the transactions are posted on the company’s ledger from journal entries.
4. Unadjusted Trial balance: There is a preparation of unadjusted Trial Balance with respect to all the ledger accounts in a firm.
5. Adjustments: The relevant adjustment entries are passed following the preparation of unadjusted Trial Balance.
6. Trial Balance: The finalized Trial Balance is prepared, post the recording of relevant adjustment entries.
7. Closing entries: All the appropriate closing entries are passed which are required to constitute the financial statement of a firm.
8. Financial statements: After following all the procedures as mentioned above, a Chartered Accountant prepares a financial report of a company which reflects all the financial transactions of a company in a particular period.

Management Accounting:

This field is also one of the most extensive domains in the profession of a Chartered Accountant. Subsequently, you will observe a CA firm offering various services in this field like performance evaluation, maintenance of working capital, day to day control, Cash flow statements; Funds flow statements, formulation of policies and much more. 

Few other kinds of services provided by a CA firm are services of Auditing, Management Consultancy, Companies Secretarial Work, Directorship etc. You will even find a GST consultant in Delhi working with the top firms. So no matter which financial service you are looking for, make sure to reach out toManish Anil Gupta & Co,the most reputed CA firm in Janakpuri!  

Source: http://prsync.com/manishanil-gupta/need-a-financial-service-hire-the-best-ca-firm-in-janakpuri-3293416/

Advantages of the Goods and Service Tax

GST has ensued a milestone reformation in the Indian tax system, replacing other Indirect taxes in the country. Abbreviation for Goods and Service Tax, the Indirect Tax came into effect on 1st July 2017, a follow-up post the passing of the GST Act in the parliament on 29th March 2017.

Applied on the supply of goods and services, the Act states that GST is a “comprehensive, multi-stage, destination-based tax levied on every value addition.” 

Advantages of the Goods and Service Tax

The reformation was brought forth by the government to eliminate the intricacies of the legacy tax system and refine it to be economically beneficial to big and small businesses alike, not to mention the overall tax-paying population of the country through a unified tax system.

GST has successfully eradicated the cascading effect that the old tax on the tax system had on the sale of goods and services, bringing down the cost of the same.

Bifurcation within the Goods and Service Tax

There are three applications within the GST, which are:

CGST – It is collected on any intra-state trade transaction by the Central Government

SGST- It is collected on any intra-state trade transaction by the State Government

IGST – It is collected on any inter-state trade transaction by the Central Government

GST is majorly digitized as everything from registration and return filing to any other responses takes place through the GST Portal, streamlining the process making it as seamless as possible.

Our organization offers you an all-inclusive CA-assisted GST registration and filing with a dedicated professional to process your GST registration with end-to-end support. We maintain a highly secured protocol to safeguard client information ensuring zero breaches of trust.

Also, read more info about the NGO Registration in Delhi, Company registration in Delhi & Audit firm in delhi

Importance of Hiring a CA & Audit Firm in Delhi for Your Business

Most business owners carry this notion that the need for an audit firm in Delhi comes once a year, around the time for tax filing and returns. It is a majorly flawed general belief, as tax filing might be one of the common reasons to hire a CA but there’s a lot more to the professional’s job role. Hiring a reputed CA firm has proven to be beneficial for business growth and mitigating financial risks and issues. A qualified and experienced chartered accountant is an asset to business organizations big and small alike.

Advantages of Hiring an Audit Firm in Delhi

There are myriad reasons why a business owner might need to consult a chartered accountant from time to time. Here are a few ways in which they can help you:

Assistance

Chartered accountants come with extensive knowledge about the financial policies and the intricacies that come with it. If you are starting your business or launching your line of products you need help with trademark registration in Delhi, which is usually a tedious and time taking process. However, with assistance from a CA, the process becomes seamless and less complex.

If you are looking for a GST consultant in Delhi for registration or other purposes, a CA firm suffices that job role as well, as they offer help by supervising all online processes related to GST registration and filing, etc. There are other areas in business as well where a CA can assist in the smooth running of operations.

Financial Advice

Owing to their keen and in-depth knowledge of market conditions and economics, chartered accountants can provide a business owner with excellent financial advice. It can help you save money in a bearish market, not to mention strategize long-term financial and investment plans for the growth of the business. They can prevent you from making bad business decisions and make sure that your revenue flow remains uninterrupted.

Accuracy is Everything Financial

Although audit firms are known for their tax filing services, many small business owners avoid hiring one to save money. That equals putting the business in jeopardy, as a single error can cost a lot more than hiring an audit firm. Getting professional help for income tax return filing in Delhi ensures that full accuracy of figures and documents are maintained so that no issues crop up from filing errors.

If you are looking for a reliable CA firm in Delhi, then Janakpuri based Manish Anil Gupta & Co. is the ultimate choice for quality accountancy and other services.

Their plethora of service offerings includes company registration, GST, and trademark consultation along with other financial, tax, and accounting services with guaranteed client satisfaction.

Source: http://prsync.com/manishanil-gupta/importance-of-hiring-a-ca--audit-firm-in-delhi-for-your-business-3290774/

Learn to read a P&L Report

Business is nothing but a cluster of many different tasks. If you have just entered the business market, you may find a lot many tasks which are cumbersome. One of such tasks, often loathed by many business tycoons too, is finance. No matter how much you hate handling finances, they cannot be taken for granted. Thankfully, there are many firms providing accounting services in West Delhi. They help you with many aspects of finances, like tax, balance sheet, audits and P&L accounts.

A profit and loss account is nothing but a summary of your incomes and expenses over a period. The statement is prepared often for a year. Whether you do your own finances or hire a ca in Janakpuri, it is important to know how to read the statement. This will help you understand the financial condition of your business.

To help you understand better, here are the common parts of a P&L Statement:

1. Cost of Goods sold

This is the direct cost you incur in production of goods.

2. Operating costs

These include overhead expenses that you incur in daily running of your business. These expenses may vary as per the product you deal in. Salaries, marketing costs and rent are some common inclusions.

3. Sales

As the names suggests, this means the revenue received from selling the goods. The goods here mean only the product you are dealing in.

4. Gross profit or gross loss

The amount left after subtracting cost from revenue earned. The gross profit reflects the profitability ratio of the company.

5. Operating profit

The amount left after reducing operating expenses from gross profit. It reflects the profitability of your business after taking into account the daily expenses.

6. Other incomes/expenses

These are extra incomes or costs which are not regular in the daily operations of business. These may include an interest earned, earning from selling an old machinery etc.

7. Net profit before taxes

This is the most important component of P&L statement. It shows the profitability factor of your business after considering all expenses. The amount also includes the tax which will be paid.

8. Taxes

As the name suggests, it is the amount due for the company to pay. To know more about taxes, rebates and returns, you can consult a ca in Janakpuri.

It is vital that you are aware of profitability of your business. It is the first step towards becoming a sound businessman. The P&L statement can help you identify what led you to losses, costs going out of hand and suggest how you can improve.

It is also an essential aspect for banks and other lending institutions. A quick glance at your statement can help the banker decide whether to give you loans in future or not.

www.manishanilgupta.com is an experienced chartered accountancy firm in Janakpuri. The company is also one of the leading firm for NRI Return filing in India.

Also, Visit Audit firm in delhi, GST consultant in delhi & Company registration in Delhi 

Source: http://prsync.com/manishanil-gupta/learn-to-read-a-pl-report-3289813/