I am encouraged to write this blog post with the mischievous disturbance from my little son Nimrodh because the time that we spend right now at home due to COVID-19 provides a space for us to learn things that will help us not to repeat
Organizations spend a massive amount of resources on developing their strategies. An entity must take steps to ensure that their strategies have the best chance to become successful. Sometimes right strategies may also get fails.
Despite COVID 19 as we work from home, we are indeed pleasure updating you on your tax liability and compliance requirements to avoid your ambiguity on your tax liability. Even though every organization is in the standstill temporary
As COVID-19 outbreaks in many countries, contingency planning has been essential within the business world We suggest in order to overcome this situation; businesses should come up with new strategies
75% successful SMEs did have proper financial planning (Proper record keeping, prepared financial budgets, and strongly adhered). 73% of failed business did not have proper financial
Economic Service Charge (ESC) was introduced with an intention to recover some tax in lieu of Income Tax from those entities that were exempted from income tax,
Recently, I carried out a study on causes affecting business failure in SMEs in Sri Lanka. Some salient findings of the study that have been published in an article appeared in Daily mirror on...
The Case : It was an investigation into a suspected fraud that was committed by an employee of our client. The client assigned our firm (SCB Corporate) to carryout a forensic audit in order...
It was the theme or mantra of the presidential election campaign of HE, the President, Maithreepala Sirisena in 2015. It is not a new concept but some countries especially developed countries had already implemented...
Does my wealth determine my tax liability? Let me tell you one thing, no one in Sri Lanka is liable to pay income tax on owning properties such as cars, land, etc.There are...
1. Introduction It is absolute happiness for our internal audit team as they found a payment of Rs. 2.3 million to a supplier of our client over a reversed Good Received Note (GRN). This...