🌟 Dreams Do Come True! 🌟 With immense gratitude and pride, I share that I have successfully qualified as a Chartered Accountant. The journey of CA has been nothing short of a roller coaster — filled with challenges, sleepless nights, sacrifices, and countless lessons. I faced failures, doubts, and setbacks, but every step taught me resilience, patience, and the true meaning of perseverance. Today, as I add the prefix “CA” before my name, I remember all those who stood by me in this journey: 🙏 My parents — for their unconditional support and prayers. 🙏 My mentors and teachers — for their guidance and belief in me. 🙏 My friends and well-wishers — who lifted me up during the toughest times. This is not just a degree, it’s a symbol of persistence, growth, and never giving up. To all those who are still on this journey — keep going, your day will come too. CA Manav Moonka #CharteredAccountant #ICAI #DreamsComeTrue #NeverGiveUp #Gratitude #CAJourney #NewBeginnings #HardWorkPaysOff

I’m happy to share that I’ve obtained a new certification: Xero advisor certified from Xero!

𝐓𝐡𝐞 𝐌𝐨𝐬𝐭 𝐎𝐯𝐞𝐫𝐥𝐨𝐨𝐤𝐞𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐢𝐬𝐭𝐚𝐤𝐞𝐬 𝐒𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐌𝐚𝐤𝐞 𝐢𝐧 𝐓𝐡𝐞𝐢𝐫 𝐅𝐢𝐫𝐬𝐭 𝐘𝐞𝐚𝐫 Starting up is exciting, but many founders ignore the financial and compliance basics that later cost them heavily. Some of the most common mistakes include: 𝐌𝐢𝐱𝐢𝐧𝐠 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬 – no separate bank account leads to messy records and tax confusion. 𝐈𝐠𝐧𝐨𝐫𝐢𝐧𝐠 𝐃𝐏𝐈𝐈𝐓 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 – missing out on tax benefits, easier funding access, and formal recognition. 𝐍𝐨𝐭 𝐚𝐩𝐩𝐥𝐲𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 𝐈𝐧𝐝𝐢𝐚 𝐒𝐞𝐞𝐝 𝐅𝐮𝐧𝐝 𝐨𝐧 𝐭𝐢𝐦𝐞 – the scheme has a limited eligibility window, and once missed, the opportunity is lost. 𝐃𝐞𝐥𝐚𝐲𝐢𝐧𝐠 𝐆𝐒𝐓 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 – resulting in penalties and ineligibility to claim input tax credit. 𝐍𝐨𝐭 𝐭𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐮𝐧𝐢𝐭 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 – focusing only on revenue without understanding margins and burn rate. 𝐌𝐢𝐬𝐜𝐥𝐚𝐬𝐬𝐢𝐟𝐲𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬 – for example, incorrectly treating Capital WIP, which distorts financial reporting. 𝐍𝐨 𝐫𝐮𝐧𝐰𝐚𝐲 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 – realizing too late that cash reserves will not last beyond a few months. 𝐍𝐞𝐠𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬 𝐚𝐧𝐝 𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 – weak vendor, investor, or employee agreements create long-term risks. 𝐍𝐨𝐭 𝐬𝐞𝐭𝐭𝐢𝐧𝐠 𝐚𝐬𝐢𝐝𝐞 𝐟𝐮𝐧𝐝𝐬 𝐟𝐨𝐫 𝐭𝐚𝐱𝐞𝐬 – leading to liquidity issues at the time of tax payments. A startup’s first year sets the foundation for sustainable growth. Strong financial discipline is just as critical as achieving product-market fit. What other financial oversights have you observed in early-stage startups? #StartupFinance #Entrepreneurship #Founders #StartupIndia #DPIIT #SeedFund

𝐇𝐚𝐯𝐞 𝐲𝐨𝐮 𝐞𝐯𝐞𝐫 𝐧𝐨𝐭𝐢𝐜𝐞𝐝 𝐡𝐨𝐰 𝐬𝐨𝐦𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐦𝐞𝐧 𝐠𝐨 𝐛𝐚𝐧𝐤𝐫𝐮𝐩𝐭 𝐨𝐧 𝐩𝐚𝐩𝐞𝐫, 𝐲𝐞𝐭 𝐭𝐡𝐞𝐢𝐫 𝐟𝐚𝐦𝐢𝐥𝐢𝐞𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐥𝐢𝐯𝐢𝐧𝐠 𝐥𝐚𝐯𝐢𝐬𝐡𝐥𝐲? Or how, in cases of divorce or family partition, some wealthy families pay surprisingly little in alimony or settlement — while their business empire and properties remain untouched? Take for example a well-known business family (you’ll find many such cases in news) — the father’s company faced insolvency, but the family homes, investments, and lifestyle were unaffected. Why? Because those assets were never in his personal name. They were held through family trusts and layered entities that legally insulated wealth. This isn’t luck — it’s strategy. Smart families structure their wealth in advance using: 🔹 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐟𝐚𝐦𝐢𝐥𝐲 𝐭𝐫𝐮𝐬𝐭𝐬 (separating personal from family wealth) 🔹 𝐇𝐨𝐥𝐝𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬/𝐋𝐋𝐏𝐬 for businesses 🔹 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐢𝐨𝐧 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬 to prevent disputes 🔹 Structures that ensure creditors or personal disputes don’t touch core assets This is why Family Offices, Trusts, and AIF structures are gaining momentum in India. They don’t just create wealth; they protect, preserve, and pass it on. For professionals like us, this is a huge reminder: true wealth management is not only about earning returns, it’s about building legal walls around family assets. 👉 𝐃𝐨 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤 𝐦𝐨𝐫𝐞 𝐈𝐧𝐝𝐢𝐚𝐧 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐟𝐚𝐦𝐢𝐥𝐢𝐞𝐬 𝐬𝐡𝐨𝐮𝐥𝐝 𝐦𝐨𝐯𝐞 𝐭𝐨𝐰𝐚𝐫𝐝𝐬 𝐬𝐮𝐜𝐡 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐝 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 — 𝐨𝐫 𝐢𝐬 𝐢𝐭 𝐬𝐭𝐢𝐥𝐥 𝐬𝐞𝐞𝐧 𝐚𝐬 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐨𝐧𝐥𝐲 𝐭𝐡𝐞 𝐮𝐥𝐭𝐫𝐚-𝐫𝐢𝐜𝐡 𝐧𝐞𝐞𝐝? #FamilyOffice #Trusts #WealthManagement #SuccessionPlanning #CA

Have you ever wondered why paintings are sold for such high prices? Beyond their cultural and aesthetic value, artwork often serves as a unique financial tool, particularly for tax planning. For instance, donating paintings to registered institutions in India under Section 80G can provide substantial tax benefits. By donating instead of selling, individuals can avoid capital gains tax and claim deductions based on the artwork’s fair market value—turning a creative piece into a smart financial strategy. Art isn’t just about beauty; it’s about strategy too. What’s your perspective on this? #TaxPlanning #ArtAndFinance #Philanthropy