nanKhatai

Salty CTO

Cars24 CTOs words

7mo ago

ElonMast

Amazon7mo

Fact check - Amazon has to pay for services 😛

Kya CTO banega re tu 🤣

AITookMyJob

Startup7mo

Because of AWS, they're basically paying themselves, right? Instead of paying the advertised price for external users, it's essentially the cost of service for them so it must be significantly cheaper.

ElonMast

Amazon7mo

Read more on “Transfer Pricing”

Qwerty2398

Stealth7mo

Let me share an insider story on why we outsource inspite of having inhouse capability/capability that can be built.
We need people to be blamed. Yes, that simple. Shocking?. When you take outside services , there is a cost involved (kickbacks/quid pro quo are real too). We can show immediate results/response. And year or two down the line "reducing" costs to show progress is easier. If things fail we can always blame them.
Another eg- Every year, every company get tax notices. Our finance teams have multiple cAs but none of them will take the case or represent the company at the department. Instead we hire an outside auditor in practice and pay him for every hearing. No CFO will question this. Because of the case fails we can blame the outside guy rather than the employee.

B4Consultant

EY7mo

Bro CA in practice can only represent clients. Further, sepcialised consultants have better experience than in-house talent

Qwerty2398

Stealth7mo

Last time I check under sec288, employees/relatives of the assessee can represent.
The specialised consultant part, i agree to a certain extent. Only in specific cases. But not all the time. If every time a specialist is required, then Companies do not require CA to do accounting work.