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This is a guest post covering top 5 tips to avoid year-end tax chaos from Emerald Raynott, who runs Cogneesol. She is described as a blogger, geek, sports enthusiast and behind Cogneesol.

A Simple Solution - Outsource Tax Returns and get your final report

Why Proper Invoicing Is Important For Any Business. Most of the Small Businesses or Startups ignore this part to manage, then they fail to track their expenses.

Why Proper Invoicing Is Important For Any Business. Most of the Small Businesses or Startups ignore this part to manage, then they fail to track their expenses. In the business world, Invoice is what proves to be a legal record of a sale of product of service. It is through the invoice that business enterprises do their finance management and it is through the invoices that sellers get paid by the buyers. It is with the help of invoices that companies show their income and gets assessed for tax. Thus, it is the basic unit of finance management.

In the business world, Invoice is what proves to be a legal record of a sale of product of service. It is through the invoice that business enterprises do their finance management and it is through the invoices that sellers get paid by the buyers. It is with the help of invoices that companies show their income and gets assessed for tax. Thus, it is the basic unit of finance management.

With the declaration of the Union Budget 2021, many startups and MSMEs took a sigh of relief as the budget proposed an extension of eligibility for startups for claiming tax holidays, alongside the capital gains exemption for investments in Indian startups till March 31, 2022.