Now a days, I see many small companies with new idea and start their business as start ups.

I personally feel that those companies should analyze their business module and implement proper internal controls and business processes in order to function smoothly and efficiently.

A company without proper planning of business transaction may increase future losses and financial burden on the part of non compliances.

There are lot of compliances and reporting to the Government with changing nature of business and these has to be complied with on regular basis where government is taking lot of efforts to connect the open ends…!!!

An Entrepreneur shall have detailed discussion about such topics with the skilled and professional consultant before stepping into the new venture. This will definitely help them to achieve their goal and ease of doing business with smooth functioning of it.

–
CA Prabhash Anand Shah
Parnter
Prabhash A Shah & Associates