CA Naresh Bhatia

  Understand About Net Worth Certificate And Its Importance A net worth certificate refers to a consolidated document that indicates the net worth of an individual. A net worth certificate can also comprise the net worth of an organization. Net worth certificates  are usually issued by a Chartered Account or CA. You can get the net worth certificate by CA only after the chartered accountant analyses your book of accounts, total assets, and liabilities.  Net worth is the difference between the assets and liabilities of a business. Note that positive net worth implies that assets are more than liabilities. On the contrary, negative net worth describes the liabilities are more than assets.  Overview of Net Worth Net worth portrays the financial health of an organization. Usually, every business possesses assets and liabilities. Assets have a monetary value, and liabilities refer to obligations to be paid. If your business has liabilities above the assets, the fi...

There is a growing need for chartered accountants in current times. They offer a wide spectrum of services to their clients. From income tax return filing to consultancy on various issues, audit of accounts, financial risk analysis, etc they provide various services according to the need and requirements of their clients. Some Of The Services That Are Offered By Chartered Accountants: 1. Income Tax Returns - As the volume of business increases, you cannot do everything on your own. This is the prime reason why people hire services of Chartered accountants. They hand over their accounts to them and they offer complete income tax services with complete precision and accuracy. If tax returns are not filed on time, it can lead to serious legal issues and penalties. 2. Financial Analysis - Before you carry out any business decision, it is vital to do the proper analysis so that you know the repercussions of the same. It is not advisable to take certain financial decisions as thi...