The significance of a chartered accountant in a modern business setup is undeniable. Along with preparing audit reports, they help companies find ways to curb their total tax liabilities and better their profit margin. In current times, chartered accountants are now taking up management positions and making business decisions beyond their conventional roles.
The dynamic changes in a CA’s role in the corporate landscape also demand emerging professionals keep up with the same. To that end, financial institutions extend options like a loan for chartered accountants to help them to meet an array of requirements.
Particularly crafted for such professionals, this financial product aims to resolve the personal and professional financial need. It is a suite of loan that includes 3 components, i.e. business loans, personal loans, and loan against property.
A business loan can be a suitabl...]]>
2022-10-12T09:41:12+00:00https://techplanet.today/1133537
If you need a short-term loan, you'd like to have it as soon as possible. Many apps are available on the Google Play Store if you live in India. Term loans have some advantages; what are some of them? Compared to other loan options, short-term loans are preferred by many people since they are dispersed in a short time and allow you to meet your financial obligations quickly.
These are not significant risks since the amounts are small and the repayment period is not long. Banks and other financial institutions are not always the best choice for small amounts like a few thousand. They even provide a term loan calculator to help you determine your needs. It is considered ideal to use payday loans for such small amounts.
An u...]]>
2022-10-03T06:00:06+00:00https://techplanet.today/988327
As a result of channel financing, dealers can procure goods from corporations with additional liquidity. Dealers of the Corporate are provided with a revolving line of credit like an overdraft, with payments from such a working capital facility restricted to them.
An integral component of Channel Finance's mission is to provide integrated commercial and financial solutions to its customers' supply and distribution channels. Channel Finance supports our clients' commercial relationships with their suppliers and customers.
In the commercial world, Channel Finance's objective is to add value to supply and distribution channels by providing unique solutions. Clients benefit from short-term lending by leveraging qualified receivables as collateral, reducing accounts receivables, and controlling sales/distribution channels by obtainin...]]>
2022-09-23T08:52:19+00:00https://techplanet.today/904707
There are various life-changing breakthroughs in the field of medical history. Along with the rapid intervention of technological aspects in the medical field, the demand for medical equipment is on the rise.
As the smaller hospitals are independent, clinics cannot incur significant equipment. Looking forward to the medical equipment loan in such a scenario can help. Every hospital and clinic has some necessities.
Especially when it comes to the equipment for providing the regular treatment facility, the medical institution is required to choose the best for their patients. The cost of these types of equipment can start from thousands. To arrange the finance required to purchase the medical equipment, the professional must look forward to the medical equipment loan. Make sure that you choose a trustworthy financial institution to take your loan. This loan can be availed by various people involved with the medical institutions. Such people i...]]>
2022-09-14T08:44:27+00:00https://techplanet.today/869635
Businesses borrow money from a lender by paying interest on the invoice amount. Having difficulty obtaining other types of credit and problems with customers who take a long time to pay can be solved by invoice financing.
Business customers receive invoice financing as a form of short-term financing based on unpaid invoices issued by the lender. Factoring invoices enables companies to acquire working capital by selling their accounts receivables. This provides the business with immediate funds that can be used to pay company expenses. Why is it good business? That's what we intend on explaining in this article here.
Companies specializing in invoice finance allow business owners to release up to 90% of their unpaid invoices' value to boost cash flow.
Wholesalers an...]]>
2022-09-09T07:51:46+00:00https://techplanet.today/671246
Hence, the number of health professionals opting for a loan for medical equipment has increased. Moreover, availing medical practice loan helps borrowers reap the following benefits:
Collateral-free credit option: Borrowers can avail of the credit option without pledging any collateral, helping them secure their assets from the risk of losing them.
Instant disbursal: Medicos are not required to undergo lengthy documentation and wait for property verification. Hence, lenders disburse loan amounts within a stipulated time.
Cover additional expenses: Besides funding the purchase of machinery, a doctor loan helps cover the expenses incurred from installation, delivery, etc.
Nominal interest rate: Lenders consider doctors low-risk borrowers due to their job security and regular income. Hence, do...]]>
2022-07-27T04:54:03+00:00https://techplanet.today/53327
Earlier the GST on gold got fixed at 3%. But with time, an additional 8% of tax was levied on the making charge. Later on, the tax was reduced to 5% because of the concerns raised by different groups. Once the service tax got levied on gold, people started experiencing fluctuations in the gold price. Analysts, however, thought that due to the fluctuation, the demand for gold would certainly decrease. But due to the unstable market condition, one can experience the problem of an additional tax burden on gold. Even if the overall price of gold increased, the yellow metal continued to attract a 10% of import duty with a 5% making charge and 3% GST. Demand for gold in the o...]]>
2022-04-25T09:20:26+00:00https://techplanet.today/32887
People must understand that supply chain finance is not a loan as one can count it as an actual account payable to the buyer. Buyers can approach various institutions to receive supply chain finance. You may also get lenders who offer a quick online supply chain finance process. It would help you to get easy access to the funds. Unlike factoring, supply chain finance can work as reverse factoring. The suppliers do not ha...]]>
2022-04-12T08:42:03+00:00https://techplanet.today/20465
The GST registration is usually completed between two to seven working days. You can apply for GST registration online through three easy steps to obtain the registration. You have to visit the official GST portal to apply for the registration process. However, you have to fill up the application form carefully not to create any errors. You can also take the help of GST experts who will guide you about the compliances and applicability under the goods...]]>
2022-04-06T07:34:01+00:00https://techplanet.today/9594
The Government of India has introduced some loans for doctors in India. Leading financial institutions and NBFCs also provide a high-value doctor loan up to Rs. 42 lakh to doctors to help them meet their financial needs. Depending on the specialisation field and the requirement, the financial institutions can offer loans to these clinics. Also, some medical professionals can check these loans to expand the medical practice.
In the western part of the wo...]]>
2021-12-31T12:15:37+00:00https://techplanet.today/9200
But with the supply chain finance, these companies and small enterprises could bring back flexibility and stability into their business as they can procure materials because of the lower cost of capital. From keeping the focus on the survival of these businesses, one can improve the efficiency and innovation of the business. Supply chain finance can also help these companies to invest in new products.
They need to get the assurance that they can pay their suppliers in the given stipulated time. However, with the solution of the supply chain finance, one can also pay these suppliers earlier than regular...]]>
2021-11-25T09:54:22+00:00https://techplanet.today/8959
Apart from knowing what is GST, individuals must know about the different types of GST and how they function separately for the different supplies of goods and services. Following are the types of GST-
CGST
SGST
IGST
UGST
It is mandatory for every consumer, seller and service provider to register their business under GST to avoid any legal hassles in the long run. Hence knowing the GST meaning is essential for businesses of all statures.
Although GST brings transparency, accountability and reduced tax compliance, it also significantly changed the overall taxation system.
With the implementation of GST, several indirect taxes such as VAT, excise duty, service tax etc., have been eliminated and majorly subsumed into one....]]>
2021-10-26T06:07:59+00:00https://techplanet.today/8872
Financial institutions provide long-term and short-term financing for businesses. A cash credit loan is the financing option offered by short-term loan companies. Banks give companies access to cash in addition to the credit they hold in their accounts using cash credit agreements. As a result, the extra funds are provided to the company as a loan backed by adequate collateral.
Secured loans are those made against assets or stocks as security; the loan is granted against this security. Secured loans may be secured by securities, assets, or financial instruments with more value than loans. Generally, collateral is valued at a percentage of the loan amount.
Typically, the company will use...]]>
2021-10-16T03:15:29+00:00