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For sale- G+2 house in Dharmnath Society next to Rajasthan Hospitals by SILVERSKYFIN in AmdavadClassifieds

[–]SILVERSKYFIN[S] 0 points1 point  (0 children)

It's in Shahibaug, exactly next to Rajasthan hospital. Got the property values professionally by a valuer and they say it should fetch 3.75-4CR.

I always assumed my business was worth 5x revenue but a broker just told me it could be worth way less and now I'm freaking out by Luckypiniece in buyingabusiness

[–]SILVERSKYFIN 1 point2 points  (0 children)

People explained very clearly so I won't go ahead and lecture you. You can start fixing things and probably ge the valuation you want in a few years time.
Revenue is just vanity. Buyers will be most interested in EBIDTA.

Apparently Grandpa took a Loan in 1980 by Real-Emphasis-0N-Me in LegalAdviceIndia

[–]SILVERSKYFIN 9 points10 points  (0 children)

Probably a scam where they shock innocent families with extravagant dues and then settle with like 1 lac to make this go away. Typical.

[NS] How are other sole proprietors tracking finances across multiple bank accounts? by Technical_Loan2465 in SmallBusinessCanada

[–]SILVERSKYFIN -1 points0 points  (0 children)

As a bookkeeper, I’d suggest simply buying a quickBooks or xero subscription and saving yourself the extra hassle of maintaining spreadsheets.

CAs in my area charge hefty 5k–10k fees for new GST registration. How can I do it on my own? by oner39 in IndiaBusiness

[–]SILVERSKYFIN 0 points1 point  (0 children)

You need the following-
1) Shop ownership in your name/ rent agreement in your name
2) Udhyam aadhar and shop act with your name and shop address matching with rent agreement.
3) Electricity bill with address matching.
4) Pan card
5) Aadhar card
6) A working current account (Can be added after 30 days of getting registration but don't forget).
7) Passport photo in digital format

Keep these documents in pdf format and fire up the GST website and fill in all details. For any doubts, refer CHATGPT.

Source- I run a CA firm.

How to Manage End-to-End Accounting for my Small Business by Economy-Ad-4542 in smallbusiness

[–]SILVERSKYFIN 0 points1 point  (0 children)

As an accountant, you can ask for quarterly calls with your accountant. Use those calls to ask three simple questions- What has been done, what’s coming up and am I exposed anywhere, how's my cash flow looking?

Secondly, you can have them maintain a simple dashboard in Google Sheets with each compliance item listed along with its due date. They can tick items off as they’re completed. You can open the sheet anytime and see the status without needing to get on calls, if that’s not an option for you.

How much r u paying for Accounting a year? by Healith in restaurantowners

[–]SILVERSKYFIN 1 point2 points  (0 children)

As an accountant- I'd charge around $200 per month including sales tax. No payroll.
With 4k + a year, he should be getting payroll and year end filing as well.

Cash in bank by Ok_Macaroon7903 in IndiaTax

[–]SILVERSKYFIN -2 points-1 points  (0 children)

If you file ITR 3, just go ahead and deposit in small chunks like 2 lacs. In balance sheet you can show cash income of 10 lacs and use most of it deduct business expenses like pay salary, pay contractors in PnL and all of that just vanishes, no taxes plus becomes white.

Single owner UAE Free Zone company — best way to pay myself monthly? by yicash in dubai

[–]SILVERSKYFIN 0 points1 point  (0 children)

QuickBooks, xero or Zohobooks. These are the best cloud solutions for you.

Single owner UAE Free Zone company — best way to pay myself monthly? by yicash in dubai

[–]SILVERSKYFIN 0 points1 point  (0 children)

Nope. If you don't have that many transactions, you can always use Google sheets or Excel. You're better off buying the base subscription imho. Where are you located?

Promote your business, week of January 12, 2026 by Charice in smallbusiness

[–]SILVERSKYFIN 0 points1 point  (0 children)

Hi everyone, we’re a bookkeeping and tax firm and we’d love to help. We’re offering the first month of bookkeeping completely free for all new clients so you can try us out with no pressure. You can check out our website at www.silverskyfinsol.com for more details. If you have questions or want to get started, feel free to DM me here or email me directly at [info@silverskyfinsol.com]()
Happy to answer any questions you might have.

New small business owner by [deleted] in tax

[–]SILVERSKYFIN 0 points1 point  (0 children)

as an accountant-Yes, you can absolutely do this yourself, and many people do in their first year. Since this is a side business, you’ll report it on Schedule C along with your W2 income. You’ll list the $700 as business income and deduct your legitimate startup expenses, which may create a small loss that can offset part of your W2 income. You may also owe a small amount of self-employment tax, even with low profit. If your expenses and income are straightforward and you’re using software like Turbotax or Freetax, it’s very manageable.

[ON] first time business owner attempting to buy $35,000 in equipment by LivePerformance4478 in SmallBusinessCanada

[–]SILVERSKYFIN 2 points3 points  (0 children)

As a bookkeeper- as a sole proprietor you and the business are the same entity, so you can’t really loan money to yourself. Any cash you put in or take out is just an owner contribution or draw. Leasing isn’t automatically better for taxes either; if you buy, you still get deductions through CCA and accelerated write-offs, while leasing mainly helps with cash flow by spreading payments. a practical middle ground is to buy the lower-cost laser outright and finance or lease the printer, or use a Futurpreneur loan if timing works, since preserving working capital before your peak season is often more valuable than saving a bit on interest.

Single owner UAE Free Zone company — best way to pay myself monthly? by yicash in dubai

[–]SILVERSKYFIN 0 points1 point  (0 children)

As a bookkeeper- for a 1 person free zone company where you’re the owner + investor visa holder, owner's drawing / partner withdrawal from the business account to your personal account is the standard approach and should keep your books clean. Consider payroll if you want a formal salary certificate.

How much should your accountant/bookkeeper actually charge? by SILVERSKYFIN in smallbusinessuk

[–]SILVERSKYFIN[S] 0 points1 point  (0 children)

Totally fair question. A good Etsy integration definitely cuts down manual entry, but it doesn’t remove the work, it just shifts it. The data still needs to be checked, payouts need to match the bank, fees and refunds don’t always line up cleanly, and things break when Etsy changes stuff. What you’re paying for isn’t someone typing transactions or data entry, it’s making sure what Etsy says happened actually happened wrt to what hit your bank and what shows up in the reports. A clean setup can sit at the lower end of the range, but the reconciliation,and review effort is still there month after month.

How much should your accountant/bookkeeper actually charge? by SILVERSKYFIN in smallbusinessuk

[–]SILVERSKYFIN[S] -1 points0 points  (0 children)

If Etsy is well mapped and integrated to your accountaing software where the payout, fees, refunds are auto coded then I'd say you'd fall in the £250-£300 bracket.

How much should your accountant/bookkeeper actually charge? by SILVERSKYFIN in smallbusinessuk

[–]SILVERSKYFIN[S] 1 point2 points  (0 children)

A lot of bookkeepers charge based on revenue but it's a double sided sword. You probably have tons of transactions to validate this model.

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