The Ministry of Corporate Affairs (MCA) in India requires all directors of companies to file their KYC (Know Your Customer) details annually through Form DIR-3 KYC. The purpose of this form is to ensure that the information of directors is up-to-date and accurate and to prevent fraud and other illegal activities. The process of filing […]
As a OnePerson Company (OPC) in India, you are required to comply with certain annual compliances to ensure legal and regulatory compliance. Here are the annual compliances for an OPC in India: It is important to note that failure to comply with these annual compliances can result in penalties and legal consequences. Therefore, it is […]
Payroll Tax Compliance: A Complete Guide and Checklist Payroll tax compliance is the practice of ensuring that an organization accurately withholds, reports, and remits payroll taxes. These taxes include federal, state, and local income taxes, Social Security and Medicare taxes (FICA), and unemployment taxes (FUTA). Here is a comprehensive checklist to help ensure payroll tax […]
By registering a company start-ups enjoy various benefits as it offers them an advantage over those who have not registered. The process of registering a company may be complex for some as it involves different compliances. Application for DSC (Digital Signature Certification) The first step in making an application for company registration is applying for […]
Running a startup is not easy. Especially when you are the only founder, overseeing business processes like sales & marketing, quality & product/service delivery, product development, accounting & technology, and administrative (management, HR & Finance) becomes very hard. However, having a co-founder with high compatibility, knowledge, personality, behaviour, and vision, solo founders can accelerate the […]
A company is an artificial person registered under the Companies Act, 2013 or any other previous company law which is managed and controlled by the Directors /officers of the company. A director can be resident director as well as foreign director. In company number of persons contribute the amount in terms of share capital and […]
A Private Limited Company enjoys an identity separate from its Directors. Thus, in order to maintain its active status, every business is required to file annual compliances for a private limited company with the Ministry of Corporate Affairs (MCA). Since the inception of the Companies Act in 1956, the scope of private limited companies has […]
In India, companies can be registered under the Companies Act, 2013, and the Ministry of Corporate Affairs. The most common forms of companies registered in India are private limited companies and public limited companies. The process of company registration involves several steps including obtaining a Director Identification Number (DIN), obtaining a Digital Signature Certificate (DSC), […]
As of my training data (2021), here are some of the common payroll compliance updates for 2023: It is important to check with government agencies and professional payroll service providers for the most up-to-date information on payroll compliance updates. Payroll laws and regulations Payroll laws and regulations encompass a wide range of federal and state […]
A tax return is a statement of earnings, deductions, and other pertinent financial data. Similar to personal tax returns, business tax returns must be filed annually and include supplementary TDS filings for firms. A statement of the earnings and expenses is included in this return. It contains data on fixed assets, loans taken out and […]
