Baywiser Blogs

Tax implications one should know before incorporating an LLP

Created Date : March, 12, 2019 | Posted By : Baywiser Team

LLP offers a beneficial tax structure to founders with the LLP itself having the best of both worlds - of a company and a partnership firm..

Why should one differentiate between employees, contractors and consultants?

Created Date : January, 07, 2019 | Posted By : Baywiser Team

Differentiating between an employee, a contractor and a consultant is very important from a taxation point of view...

Freelancers can deduct these expenses to cut tax outgo

Created Date : November, 08, 2018 | Posted By : Baywiser Team

Income tax law imposes tax on profits & not income. Thus, out of income earned, freelancers can deduct business expenses to calculate the profits and pay tax on such profits.