Japanese accounting firm Itseki, in association with Mercurius Advisory Services extends its operations in India

With a system of 200 professionals, the firm aims to support Japanese companies’ Indian businesses with business accounting & finance. During these extraordinary times when digitalization has taken a new shape, businesses are expanding across borders. Today, Itseki Group with its headquarters in Tokyo, Japan has joined its forces with Mercurius Advisory Services (‘MAS”) based …

Why manage your inventory?

Inventory Management is a system by which stock is tracked as it enters and leave a destination whether your warehouse, seller or final point of sale. It involves inventory decisions like ordering, storage, processing, warehousing, supervising and re-ordering. For any organization, inventory can be the biggest contributor of operating expenses. On one hand, low stock …

IRS DEPRECIATION-Tangibles

Depreciation is a cost recovery tool that allows the business to spread the capital expenditure and claim the expense against income generated over the years. Similar to accounting depreciation, tax depreciation also allocates depreciation expenses over multiple periods. Thus, the values of depreciable assets gradually decrease over their useful lives. But, many differences can be …

Manual Accounting vs. Cloud Accounting

Accounting is that the process of recording financial transactions concerning a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and collection entities. While it’s true that accounting is most typically viewed as an essential part of the business world, Manual Accounting is a system of accounting that uses physical registers and account books, for keeping financial …

Quick Guide to US Tax Forms

Click here to get in touch!   Tax season is around and you must have been thinking that preparing taxes is a big game which you never want to loose and get stuck under loads of penalties and interests due to your unpaid tax bills or missed reporting deadlines. In the US, Internal Revenue Service …

Intuit QuickBooks: An overview of the Accounting Software

Intuit came into existence in the year 1983 intending to provide financial and tax preparation software called QuickBooks with a vision to facilitate small businesses, accountants, and individuals in managing their Statement of Financial Position. Initially, Intuit introduced Quicken software as personal financial management tool. After its huge success and to bring it one step …