News,May 2018

Benefits in Kind

Benefits In Kind – A Basic Guide!

16/09/2021Business , Finance

In addition to your salary, if you are receiving any other benefits as part of your job, you may receive benefits in kind (BIK). Some BIK perks are tax-free, and some incur tax. In this blog, you will come to know about what BIK is, it is taxable, what tax you need to pay on …

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Turnover vs Revenue

Turnover vs Revenue – Top 8 Differences

13/09/2021Business , Finance , Limited Company

In some contexts, “turnover “ and “revenue” are used interchangeably and often mean the same thing. Revenue is generated when assets turn over and bring in income by selling items and services. Contrarily, a turnover such as employee turnover refers to the business activities that do not necessarily generate sales. When a company brings in …

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