Know about the Finance and Investments Terms

If you are a chartered accountant and you are practising CA, then you will either provide general or specialised consultancy services to your clients. The general consultancy will encompass mainly audit and taxation, but specialized one will deal with more complex matters.

Nowadays, the demand for CA firms that are offering specialised consultancy in the fields of international taxation, management, enterprise risk management, mergers and acquisitions, insolvency analysis and fraud detection, are more in demand. 

To cater to the growing trend and to maintain the pace of CA Firm, there are various popular leading lenders such as NBFCs offer high-value CA loan amount at affordable interest rate with flexible tenure to eligible applicants. Hence, it is advised to a research of the same before applying and opt for a lender which matches your requirements.

General consultancy

Wider and broader clientele

When you are practising CA, your aim will be to acquire new clients and expand your clientele. The government of India has come up with stringent rules to curb tax evasion, so it will be better to practice general consultancy in the initial years as it will help you to gain new clients and consolidate your practice.

Add new services

As a general consultant, you will have the flexibility to add new services to your portfolio as per the demands of the market. You can leverage your time in studying the market for special consultancy and undertake the necessary preparations to overcome and grab the market.

Specialised consultancy

Stand out from the crowd

If you are offering specialised consultancy services, you will be able to stand out from the crowd. The CA market is extremely competitive, so as a specialized CA you will be able to carve a niche and provide specific service.

Tapping the international market

You will be able to tap international clients. If you are an expert in international taxation, you can cross the geographical barriers and services globally.

To know the other differences, read : General vs. Specialised Consultancy - Which One Should Your CA Firm Choose