List of Government Msme Schemes You Need to Know – (part-1)
India’s Micro, Small, and Medium enterprises (MSMEs) contribute about 1/3rd of our GDP, and our manufacturing sector contributes 30% of our GDP. Our MSME accounts for over 80% of businesses in the country, and 63 million MSMEs employ around 110 million people across various businesses. With over 90 million MSMEs in the country, few have […]
E-Invoice: Free Tools for E-invoice Generation for Small Taxpayer
The e-invoice system was a leap to standardise invoice generation among taxpayers and reporting of the transactions. The government introduced e-invoicing in a phase-wise manner beginning from 1st October 2020. In the recent changes, the government has mandated e-invoicing for businesses with an aggregate turnover above Rs. 5 crores. This is set to be applicable […]
A Complete Guide on Coir Udyami Yojana 2022
The Union Ministry of Micro, Small, and Medium Enterprises (MSME) approved the continuation of the Coir Udyami Yojana (CUY) – a credit-linked subsidy scheme to facilitate the sustainable development of the Coir Industry in the country. Earlier, the Scheme was called Rejunevation, Modernization, and Technology Upgradation of the Coir Industry. The Coir Udyami Yojana is […]
What are Virtual CFOs? Benefits of Virtual CFOs for Business Growth
Chief Financial Officers (CFOs) are the senior executives that manage the financial actions of the company. They are among the topmost executives of the company and are responsible for many key decisions. They propose the strategic direction and ensure that the company makes the responsible financial decision and is in a sound financial state. One […]
Different Types of Virtual CFO Services in India
With the advent of virtual CFOs, CFO services are now accessible to even small and medium-scale businesses. Virtual CFOs are making expert and professional services accessible to all businesses. Further, their roles are not limited to the conventional CFOs. The reason behind the growth of virtual CFO services in India is that they are affordable, […]
Nirmala Sitharaman Union Budget | Budget 2023 Highlights
st February 2023 saw Union Budget 2023 by Nirmala Sitharaman and it brought quite a lot of benefits for the middle class and salaried people. Budget 2023 adopted the Saptarishi theme focusing on the seven key priorities: Major Highlight of Budget 2023 Apparently, the most talked about change is the change in the tax rate […]
Virtual CFOs Guide for Startups and SMEs
This is the defining decade for startups. However, today the business environment has become so competitive that there’s cut-throat competition in almost every industry. Therefore, it is important that the startup not only comes with a unique idea but a proper value proposition and business plan to survive and thrive. Another important consideration is the […]
Why e-Commerce Businesses Should Consider Hiring Virtual CFOs
With digitization, everything has shifted online. This led to a new way of doing business i.e., e-commerce. Sellers sitting anywhere can sell anywhere through online e-commerce platforms. However, it’s not only limited to third-party platforms. Sellers can create their own websites to sell online. Well, that’s one of the many ways to do business over […]
How to Choose a Virtual CFO in 2023: Complete Guide
As a business owner, it’s important to have a strong financial foundation in order to succeed. One way to ensure that your financial affairs are in order is by hiring a fractional Chief Financial Officer (CFO). A virtual CFO services in India can provide you with the financial guidance and expertise you need to make […]
What to Look for when Hiring Virtual CFO Services
Hiring a virtual CFO can be a great way for small and medium-sized businesses to gain access to the expertise and guidance of a Chief Financial Officer without the expense of hiring one full-time. However, as the CFOs (or virtual CFOs / fractional CFOs) are responsible for some of the major roles and responsibilities, it […]