August 2020 Volume 2
 
 
T & D ව්‍යාපාරික සඟරාව
www.tndsrilanka.com
 
Whatsapp - +94 777 507 738
 
 
 
 
 
 
 
INCOME TAX COMPUTATION FOR Y/A IN 2019/2020 -
පුද්ගල ආදායම් බදු ගණනය
 
The calculation of income tax for an individual or an entity for the year of assessment for 2019/2020 has some complexities due to changes to the Inland revenue act of No 24 of 2017 effective from 01-01-2020. The calculation of Income tax for the year 2019/2020 based on different rates, qualifying payments and deductible expenses etc. are given in the article and Sinhalese version is available in the following link for your perusal.
 
 
 
 
 
 
 
WHY ENTREPRENEURS SHOULD ENCOURAGE BOOK KEEPING? -
ගිණුම්කරනයේ වැදගත්කම
 
Many SME’s fail to observe basic routing financial discipline such as maintaining a proper book of accounts and financial accounts for the use of at least for the management purposes. There is a limit that a business can grow in its own and any expansion or diversification needs bigger picture of the entrepreneur to look at, but for that you need to leave out routing function. But business owner should be able to get information and analyzed data for the business decisions. Why this is so essential to a business is highlighted with 12 points.
 
 
 
 
 
WHAT IS A TRADEMARK? -
වෙළඳ ලකුණකින් ඇති ප්‍රයෝජන
 
Trademarks are used to identify and distinguish the source of the goods of one party from those of others in the course of trade. In other words, it can be regarded as a symbol, word, or words legally registered or established by use as representing a company or product.
 
 
 
 
 
 
T&D BIZ BULLETIN
 
 
 
 
HELICOPTER MONEY - නව මුදල් නිකුතු හා ආර්ථික සංකෝචන
 
As we all are aware, that the countries in the whole globe is experiencing an economic recession following COVID 19 making a huge negative impact on economies, be small or big. Many countries provide stimulus packages for economies to survival through respective treasuries and central banks via new money printing which has been one of the tools rescued for such stimulus which nevertheless has its own limits and ill effects. The advantage of interest rate declining scenario is beneficial to investors or to the business community and this article explains about how we should capitalize the situation.
 
The article is more descriptive and is given in Sinhalese language with some English narrations in the link given below.
 
 
 
 
 
 
FINANCIAL MINES -
මුදල් උල්පත්
 
The future of business or business growth or expansion depends on, among others, the customer service, care and customer loyalty which are significant intangible factor varies from place to place, person to person etc. Nevertheless, it is undoubtedly to be acquaint with two theories applied for customer attraction and building up customer relationship. This article is meant to share two theories called AIDA model and Customer Loyalty Ladder where the successful adaptation would mine out hidden treasurers.
 
 
 
 
 
 
 
RECOMMENDATION FOR ENTREPRENEURS IN COPING UP WITH COVD-19 BUISNESS IMPACT
 
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Business Quotes to Inspire Entrepreneurs
 
Success is not final; failure is not fatal: it is the courage to continue that counts.
— Winston Churchill
 
 
By Entity
 
 
T & D Associates
 
 
T & D Management consultants (Private) Limited
 
 
T & D Consulting Services
 
 
PDN Associates (Private) Limited
 
 
TDS Consultants (Private) Limited
 
 
Delight Computer Systems (Private) Limited
 
 
 
 
Dear Stakeholders ,
 
We are pleased to publish our second BIZ Bulleting at a time that SRI LANKA records a dual victory for establishing a clear victory over parliamentary election by close to 2/3rd majority by a single party in Sri Lankan parliamentary system which manifests people choice for a stable government. SRI LANKA was recently endowed with the world travel and tourism council as safe travel destination which stimulates business sentiments, confidence and hoping to meet as usual in a very near future. In a global arena another impending vaccine is almost at the nearing stage for approvals by WHO. So we are quite content with the environment surrounding us unlike in three months ago when our first issue was made public. As we are well aware this pandemic has caused devastating effects to all our businesses and economies and our prediction for resilience was remote but it seems that in a few months down the line we may be fortunate to see near normalcy if substantial deviation is not occurred. The ill effects of current crisis will continue for another period but the strong leadership , new technologies, and innovations that emerge over this period not only has the potential to benefit us all for many years to come, it also means that the way we do business could be changed forever and we must be prepared and learned with the new challenges brought upon. The articles for the bulleting is voluntarily and enthusiastically written by our professional team members whose contributions are commended to have a positive frame of mind amidst busy schedule in professional engagement at an uncertain time. Also, I must congratulate our IT team for organizing the best possible presentation by designing and delivering through smooth channels for readers interest. Wishing you and your beloved ones continued good health and peace.
 
dh
 
Dhammika Lokuge
Managing Director of T&D Group