GJM & Co.

  Business Structures for USA: What suits your Business? Choosing your business structure as you set on your journey to make it as a successful entrepreneur is most commonly a dilemma for every start-up. The question as to what type of business structure would be most suitable for your type of business is crucial and it would be advisable to consider various factors based on your operational objectives before opting for the right business structure. In this article, we have attempted to simplify various business structures, trying to highlight their pros and cons, in providing an initial insight for what options you have while commencing a business in United States of America. To be upfront, there is not one type of business structure that fits all nature of businesses.   It all depends on what your vision to accomplishment is.   For starters, some of the basic questions that you should be asking yourself are:   1.      Will this be your Solo adventure or one with only few empl

  Revised Tax filing deadlines for FY 2020-21 for India as on 20-May-2021 As a result of the aggravated second wave of Covid-19 cases in India with the start of 2021, the Government and Central Board of Direct Taxes (CBDT) have extended upfront the time limits for various tax compliances that need to be accomplished by Indian taxpayers for the financial year 2020-21 (i.e., Assessment year 2021-22).   Hopefully, this should grant some respite from the compliances to the taxpayer who is already striving to keep up with the business activity going.   A tabulated summary of the revised tax filing due dates for FY 2020-21 is hereby presented for ease of your reference:   Revised Tax filing deadlines for India for FY 2020-21 as on 20-May-21 Statement of Financial Transactions (SFT) & Statement of Reportable Account (SRA) 30-Jun-21 TDS Return for Q4 of FY 2020-2021 30-Jun-21 TDS Certificates (Form No 16)

  Easy Guide to a Buying a Business While everyone desires having their own business, not everyone has the appetite or the acumen to evaluate a business opportunity or start one from scratch to build wealth.   Such class of entrepreneurs are few but its not that one cannot develop an understanding of a businesses in his/her domain of profession or line of work.   Simple understanding of business aspects and finances and with the aid of finance and legal professionals, your desire to own a business can be reality.   In this article, we shall be touring you through some aspects that need to be looked at while evaluating buying any business. Your objectives behind buying a business could be anything, be it acquiring your competition or simply expanding your investment portfolio to diversify.   Irrespectively, buying a business requires following certain standard practices – starting from finding a business to buy till closing the deal.   Let us stroll down this process so you can fore