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Clarity Behind the Numbers
Insights for Smarter Financial Decisions
Practical accounting and financial insights for business owners who value clarity, structure, and confident decision-making.
Aryan Consultancy specializes in crafting efficient financial systems that improve your business's operational clarity. With a focus on reconciliation backlog fixes, we streamline reporting and compliance processes, ensuring your business stays ahead in the competitive market. From startups to enterprises, our expertise in financial management drives sustainable growth. Experience the difference with Aryan Consultancy — your partner in achieving financial clarity and success.
RBI Just Quietly Reclassified Thousands of NBFCs. Here's What Changes on July 1, 2026.
The RBI's April 29, 2026 amendment doesn't just tweak definitions. It fundamentally reorganises how India's NBFC sector is classified, regulated, and in some cases whether certain entities need to remain registered at all. If you have any connection to an NBFC — as a founder, CFO, CA, or compliance officer — July 1, 2026 is a hard deadline you cannot miss.
CA Siddhartha Agrawal
May 26 min read
America's Biggest Tax Overhaul in 8 Years: What the "One Big Beautiful Bill" Means for Your Business
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act into law — the most significant US tax overhaul since 2017. Bonus depreciation is back at 100%. The SALT cap doubles. QBI deduction limits shift. If you run a growth-stage US business and haven't reviewed your 2025 tax position yet, this post is where to start.
CA Siddhartha Agrawal
Apr 307 min read
US Payroll Compliance Is a Control Layer Problem — Not a Software Problem
Most growth-stage companies assume their payroll software handles compliance. It doesn't — it's a calculation engine. After working with US businesses across multiple states, here's what the real gaps look like and how to close them before they become IRS problems.
CA Siddhartha Agrawal
Apr 285 min read
Understanding Salary Allowances and Taxation Changes: Income Tax Act 2025 in 2026
From 1 April 2026, the Income Tax Act, 2025 will replace the Income Tax Act, 1961. This transition introduces two types of changes for salaried employees and their employers. The first change is structural; section numbers and form numbers have been updated. The second change is substantive; the exemption limits for allowances and the valuation rules for perquisites have been significantly revised after remaining unchanged for over two decades. This post serves as a reference
CA Siddhartha Agrawal
Apr 257 min read
TDS Section Changes from 1 April 2026: Old vs New Reference Guide for India Businesses
If your accounts team filed TDS returns last month using Section 194C, 194J, or 194H, those were the last returns under a law that no longer exists. The Income Tax Act, 1961 stood repealed on 31 March 2026. From 1 April 2026, every TDS deduction, every challan, and every return for Tax Year 2026-27 falls under the Income Tax Act, 2025 — with new section numbers, new form names, and new payment codes. The good news: the rates and thresholds have not changed. What has changed i
CA Siddhartha Agrawal
Apr 243 min read
The Back-Office Ceiling: Why Growth-Stage Businesses Stall — and What Fixes It
Most growth-stage businesses don't stall because demand slows. They stall because the back-office — bookkeeping, payroll, reporting, compliance — can't keep pace with the front-office momentum. The fix is not a new system. It is the control layer between the systems you already have.
CA Siddhartha Agrawal
Apr 135 min read
5 QuickBooks Mistakes Small Businesses Make and How to Fix Them Fast
5 QuickBooks mistakes that 90% of small business owners make — and how to fix each one in under 30 seconds. The errors are almost always in setup, not in usage. Catching them early saves hours of cleanup at tax time.
CA Siddhartha Agrawal
Dec 31, 20253 min read
Understanding Revenue Recognition for Subscription Businesses under Ind AS 115 and IFRS 15
Most subscription businesses recognise revenue when cash arrives. Ind AS 115 and IFRS 15 require a different approach — revenue is recognised as the service is delivered, not when the customer pays. Here's what that means in practice for subscription founders.
CA Siddhartha Agrawal
Dec 25, 20254 min read
ASC 842 Lease Accounting: What Your CFO Needs to Know Before the Next Audit
ASC 842 moved most leases onto the balance sheet in 2022. Three years later, many small and mid-size businesses are still not fully compliant — or compliant on paper but carrying numbers that won't survive audit scrutiny. Here's what actually needs to be in place.
CA Siddhartha Agrawal
Dec 25, 20256 min read
1099-NEC Bookkeeping System: How US Small Businesses Stay Penalty-Free Year-Round
Every January, the same thing happens to thousands of US small businesses. The accountant asks for the contractor list. The owner opens QuickBooks and finds fourteen people paid over $600 — of whom six never filled out a W-9, three were paid partly through Venmo, and two have addresses that no longer work. The businesses that avoid this are not the ones with better accountants. They are the ones with a system that makes January filing a formality rather than an emergency.
CA Siddhartha Agrawal
Dec 25, 20255 min read
Cash vs Accrual Accounting Which Method Tells Your Business Story Better
Most small US businesses start on cash basis and later wonder why profits swing wildly month to month. Choosing between cash and accrual isn't just terminology — it changes how your business story looks on paper and whether your financial reports actually reflect reality.
CA Siddhartha Agrawal
Dec 25, 20254 min read
Essential Sales Tax Checklist for Small Online Sellers to Avoid Back Taxes
Your profit and loss looks healthy. But if sales tax isn't mapped by state, channel, and product category, those profits can quickly disappear into unexpected back taxes. The checklist small online sellers need to get right — before the state audit arrives.
CA Siddhartha Agrawal
Dec 25, 20253 min read
The First Thing I Fix When a Client Hands Me a Broken QuickBooks File
I have reviewed hundreds of QuickBooks files over 30 years as a Chartered Accountant and QuickBooks ProAdvisor. The businesses that hand me a clean file almost always got the setup right at the beginning. The ones with a problem almost always have the same five setup mistakes.
CA Siddhartha Agrawal
Dec 25, 20255 min read
U.S. Business Compliance Overview
Once a US business is established — LLC, corporation, subsidiary, or partnership — recurring federal, state, and local compliance obligations begin immediately. This guide covers the primary compliance areas that apply to day-to-day operations.
CA Siddhartha Agrawal
Nov 12, 20253 min read
Choosing the Right U.S. Business Entity: A Guide for Startups & Growing Businesses
LLC, S-Corp, C-Corp, branch, or partnership — the entity you choose when setting up in the US determines your tax exposure, liability protection, capital-raising options, and operational flexibility. A practical guide to the tradeoffs before you file.
CA Siddhartha Agrawal
Nov 12, 20253 min read
What Your Chart of Accounts Is Actually Telling You — And Why Most QuickBooks Files Get It Wrong
When I open a new client's QuickBooks file, the first thing I look at is the Chart of Accounts — not the P&L, not the bank balance. Everything downstream is built on top of it. And in most QuickBooks files I review, the structure is wrong in at least three places.
CA Siddhartha Agrawal
Aug 28, 20235 min read
Tax-ing Provisions - Joint Development Agreement - Tax Compliance and Advisory by Aryan Consultancy
GST Advisory The arrangement of Development Agreement [‘DA’] or Joint Development Agreement [‘JDA’] has emerged as a popular arrangement wherein property owner and developer enter in to a joint development agreement to develop the property. Generally, under this type of arrangement, in lieu of land owner surrendering his land in favour of the developer may get monetary or non-monetary consideration in the form of either lump sum consideration or certain percentage of future s
CA Siddhartha Agrawal
Oct 11, 20207 min read
Overview of new provisions under Section 206C(1H) for TCS on Goods - Aryan Consultancy
New TCS Provisions on sale of goods 1H Finance Act 2020 introduced a new provisions under Section 206C(1H) for the Tax Collected at Source (TCS) on Goods With effect from 1st of October 2020. 206C(1H) Every person, being a seller, who receives any amount as consideration for sale of any goods of the value or aggregate of such value exceeding fifty lakh rupees in any previous year, other than the goods being exported out of India or goods covered in sub-section (1) or sub-sec
CA Siddhartha Agrawal
Oct 4, 202010 min read
UNDERSTANDING TAX SHELTER SCAMS AND STEPS TO CURB THEM - Tax Advisory by Aryan Consultancy
Tax Advisory Let's, talk about the effects of tax shelter scams, explains what tax shelters are, types of tax shelters, abusive and non-abusive tax shelters, role of unscrupulous accounting firms and initiatives taken by the various Government bodies around the world to curb aggressive tax planning and tax evasion Tax shelters are any method of reducing taxable income resulting in a reduction of payment of tax to the Government. The methodology can vary depending on local and
CA Siddhartha Agrawal
May 7, 20204 min read
GST on Director's salary - Tax Management Consultancy by Aryan Consultancy
Update: 10-06-2020 In a welcome move, the Ministry of Finance, Policy Wing has come out with a clarification putting to rest all the confusion on applicability of GST on Directors remuneration. The Remuneration to Directors has been divided into two categories, payments to Independent Directors and Directors working as employees. Broadly, the payment of remuneration to the Independent Directors will attract GST on reverse charge basis, whereas the salary payments to employee
CA Siddhartha Agrawal
Apr 16, 20201 min read
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