However there are several Chartered Accountancy businesses to match the volatile tax market and ever changing tax structures. Furthermore, small scale accountancy businesses can take the help of local business associations to stay abreast of the market situation.
For instance, associations like the following can help:
The CVO CA Association
This association publishes monthly bulletins that shares information and news on the tax market. It is a great advantage to follow their inputs because:
- These periodicals can help small business investors and business owners understand the extent of every tax change made by the government.
- People can choose to apply for lifetime memberships to avail of the facilities provided by the CVO CA Association.
- Furthermore, the association includes relevant experts from the industry to hold regular talks on changing taxes.
The Bombay Chartered Accountants Society
This society of accomplished chartered accountants and tax consultants share advice on various tax filings and key points on how to save taxes.
It helps professionals because:
- The information provided is constantly updated to meet with national changes.
- The online library and information portal is easily accessible to members.
The society has made a name for itself over the years due to its high levels of professionalism and quick comprehension of new tax structures.
The Chamber of Tax Consultants
The chamber of tax consultants is also based out of Mumbai, India and provides tax relevant information and assistance to entrepreneurs and individuals across the country.
- They conduct regular workshops and seminars that help increase in depth industry knowledge.
- It is one of the oldest nonprofit organizations formed to increase the knowledge of its members.
The Income Tax Appellate Tribunal
The ITAT is a relatively well known association for tax leaders and industry experts.
- It is not a small association anymore. This association reviews tax rules and holds regular debates to promote healthy discussions on the matter.
- Accomplished chartered accountants are called on to lead debates that are sometimes covered by the press.
Bombay Industries Association
The BIA is a largely reputed association that extends its focus area across all levels of industrial knowledge thus including taxes too. The association is known to be one of the best by the Chamber of Commerce.