What Are Intermediate Goods? A Clear Guide for Business Owners I remember the first time a manufacturer asked me, “Mohnish, I buy fabric rolls and turn them into curtains. The fabric supplier calls it a ‘finished product,’ but my accountant says it’s an intermediate good. Who’s right?” That question captures the confusion most business owners…
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Freelancing has become one of the most flexible ways to build a career. People control their hours, choose their clients, and shape their work. Many even watch their income grow year after year. Yet something interesting happens behind the scenes. The moment tax season arrives, frustration sets in. Higher income doesn’t make taxes easier. In…
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I remember sitting across from Rajesh, a first-time founder who’d just incorporated his design agency as a private limited company. He looked genuinely worried. “Mohnish, I got a letter from my bank asking for my GSTIN. Do I need to register immediately? My CA said I might face penalties if I don’t, but my revenue…
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The Truth Every Small Business Owner Needs to Know Last month, a friend who runs a small design agency called me, frustrated. “Mohnish, I sent an invoice to a client, and they keep asking why I’m billing them twice. I’m so confused—aren’t they the same thing?” I’ve had this conversation dozens of times. The confusion…
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I’ll never forget the day a promising retail startup owner sat across from me, visibly stressed. “Mohnish, the bank rejected my loan application. They said my current assets don’t support my current liabilities. What does that even mean?” She had healthy sales, a growing customer base, and genuine passion—but her balance sheet told a…
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What Type of Account Is Unearned Revenue? (And Why It Matters More Than You Think) I’ll never forget the conversation I had with Rajesh, a SaaS startup founder in Bangalore, about three years ago. He’d just landed his first big client—a ₹6 lakh annual subscription—and was thrilled. “Mohnish, we just made ₹6 lakhs!” he said…
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