Legal & Compliance for Business
Compliance is only expensive when you find out late
Most owners hand everything to an accountant and understand none of it, which is fine until a notice arrives or credit is lost because an invoice was wrong. This session gives an owner enough to ask the right questions and keep the records that make the rest cheap.
Explore this page6 sections
You do not need to do it yourself. You do need to know what is happening.
An owner who understands nothing of their own compliance cannot tell whether it is being done well, cannot spot the invoice error that costs them input credit, and finds out about deadlines after they pass.
This is awareness, deliberately. The work should sit with a chartered accountant. The judgement about whether it is being done properly cannot.
What an owner should understand
36 topics across 6 areas. Six areas.
GST BasicsEnough to know what applies to you.6 topics
- When registration is required — the turnover tests differ for goods and services, and by state
- What your supply is classified as, and the rate that applies — GST rates were restructured in September 2025, so check that invoices and billing software carry the current one
- Input tax credit, and why invoices must be right
- What a compliant invoice contains, and whether e-invoicing applies to you — it turns on turnover in earlier years, not only this one
- Filing frequency, and whether the quarterly return option is open to you
- What happens when a supplier does not file
Input credit is often lost because of an error, sometimes a supplier's, that nobody checked.
The Records That Make It CheapPart of your accountant's bill is often disorganisation.6 topics
- Sales and purchase invoices, filed as you go
- Bank statements reconciled monthly
- Expense receipts with a note of what they were
- Separate business and personal accounts
- Digital copies of everything
- Not doing a year in one weekend
TDS and Other DeductionsThe obligations owners most often miss.7 topics
- When you must deduct
- Common categories a small business hits
- Depositing on time
- Filing returns
- Issuing certificates
- What happens if you did not deduct
- Section numbers have changed: the Income-tax Act, 2025 applies from 1 April 2026 — ask your CA what that means for you
The Compliance CalendarKnowing what is due, before it is due.7 topics
- Monthly obligations
- Quarterly obligations
- Annual filings
- Employee-related dues
- Year-end check on amounts owed to micro and small suppliers that are past their time limit
- Which ones carry interest and which carry penalty
- Who is responsible for each
Working With a CA ProperlyThe relationship that decides how expensive this is.5 topics
- Give them things monthly, not annually
- Ask what you should be doing differently
- Tell them before a big decision, not after
- Understand what they are filing
- Ask what would happen if you were audited
When Something Goes WrongNotices, errors and late filings.5 topics
- What a notice actually is
- Not ignoring it
- What to send to your professional immediately
- Correcting an error you have found
- Voluntary correction against being caught
Questions worth asking your accountant
- What am I filing, and when?
- Is anything currently overdue?
- What records do you need from me that you are not getting?
- Where am I losing input credit?
- What would an audit ask for?
- What should I be doing differently as I grow?
What good record-keeping prevents
- Lost input tax credit
- Penalties on late filings
- An accountant's bill inflated by disorganisation
- Being unable to answer a notice
- Difficulty getting a loan because the books are unclear
- A year-end scramble that produces errors
How the session runs
A chartered accountant or compliance professional works through what a small business is actually responsible for, and shows examples of invoice errors that cost owners input credit. Participants map their own compliance calendar and identify what is currently unclear or overdue in their own business. Thresholds, rates and deadlines change often, so the figures for a particular business should come from its CA or the official GST portal, not from the session.
What your students leave with
- An understanding of what their business is actually responsible for
- Why invoice accuracy decides input credit
- A record-keeping habit that lowers their accountant's bill
- Their own compliance calendar, mapped
- Better questions to ask their CA
- What to do the day a notice arrives
Scheduled sessions
Nothing scheduled yet
Sessions are arranged with a college once a date is agreed. Ask us and we will find the right person for it.
A student rather than a college? See what is coming up, or ask your placement team to host this.
Start a conversation
Ask for this session
Tell us who you are and what you have in mind. A person reads it and writes back, usually within two working days.
- Tell us what you need
A topic or a question is enough to start.
- A person replies
Usually within two working days.
- Agree the next step
We work out the details together.
Compliance is only expensive when you find out late.
Tell us who your students are and what stage they are at. Sessions are free for participants.