NOW: An easy way to do business in spite of the virus

According to CIBIL, 67% of business owners view their CAs as a trusted business advisor

Are you a business owner and currently stuck because of the crisis? Uncertain how your firm will be performing in the coming years? Many businesses have lost what they had built and are uncertain of the coming years.

Vice president of CIBIL, Miss. Sujatha Ahlawat says that the current scenario has a cascading impact on 60 million+ enterprises with over 110 million people employed by this sector.

Can you believe 60 million enterprises are impacted for no fault of their own?

And 80% of businesses having a decline in their cash flow, It’s clear that even a slight wrong move you may take can cost you a lot of money. Taking a calculated decision which helps your firm in all the aspects is the need of the hour. Another shocking survey from AIMO says that 1 in 3 MSMEs are on the verge of winding up. What would you do to prevent your firm from winding up? What precautions can you take? How can you save your firm?

This is where a Chartered accountant comes into the picture.

Gone are the days where the chartered accountants were known only for filing tax returns. Chartered accountants help companies do business with ease in spite of the crisis.

How a CA can help you

1.   Saves your times & effort

If your business is facing a cash crunch, a chartered accountant can assist you in strategical and financial planning and saves your time, effort & suggests what’s best for your firm.

2.    A loan from financial institutions

Do business with comfort in spite of the crisis, a chartered accountant helps you develop a calculated project report for a loan from financial institutions.

3.   Advice benefit suitable for your firm

Many MSMEs are missing out on the benefits provided by the Govt of India due to COVID-19, benefits to ease their situation. A CA understands your business and suggests suitable MSME benefit so that your business can strengthen in these times and have healthier profits later.

4.   Makes you aware of the tax benefits

CA advises taking the tax benefits provided by the Government, Where you save more profits for yourself and your firm in these times.

5.   Prevents you from a possible chance of loss

You are in safe hands with a CA even if your firm is a COVID-19 hit sector (tourism & travel)

A chartered accountant helps to swift your core business to a temporary transition to other suitable business and prevents you from a possible chance of loss.

Take control of your firm

Now that you got to know the advantages of having a CA, you probably are curious about how do I make my situation better? What strategic plan is suitable for my firm? The best way to get answers is to hire a professional CA who has experience working with many other companies.

By understanding your core business, and other vital aspects, an experienced CA Not only keeps your firm stable but also contribute to your growth in the long term, by giving strategies to elevate your business, maintaining the financial health of your firm.

We are here to help!

We at startuphouz are passionate about helping our clients to grow their business. You are in safe hands as our team of professionals have worked with many clients and delivered remarkable results. Startuphouz is a one-stop solution for your business problems. Contact now for more information.