With the technology running rapidly ahead with every second, the very nature of our businesses has changed. We have gone from paper to virtual files and from board meetings packed with people to virtual conferencing! Satya Nadella of Microsoft stated that “Information Technology is at the core of how...
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Ever heard of getting a refund on your taxes? A tax refund is the return of an excess amount that you have paid to the Government in the past year. In short, it means that you have paid more tax money than your actual liability. Instances of extra tax...
Unlike the huge company giants, small start-ups handle their accounts on their own! They don’t have enough resources, nor do they always have the updated experts! Thus, there are bound to be some mistakes in accounting and management! But some mistakes can become a grave threat to the firm...
We are always doubtful about handing over our work to someone else which happens for many reasons, ability, deadlines, accuracy, quality, etc. Thus, small entrepreneurs are often very skeptical about outsourcing their tax preparation services. Today’s blog is all about busting the myths that you may have heard about...
It is a common phenomenon that sometimes employees ask for advance payments from their salaries before the date of payroll or loans for personal or professional reasons! But do you know that there are payroll compliances set for such advances and loans? Let’s get to know the ABCs and...
The busiest season of the year for any taxation firm is the Tax filing! But that isn’t the single most time-consuming thing! Being a CPA firm, the most critical preparations are before the actual taxation starts! Your services vary from a wide range of offerings; be it bookkeeping or...
The aspects of running a business are many! But some have a real-time impact on your business and one major factor is your Accounting. Your finance department has a long and stretching impact on every level of your business. This is exactly why all the big firms have dedicated...
Here we are to discuss about the positive possibilities of hiring a CFO for startups, small and midsize companies. For that, lets first understand what exactly are CFOs. The chief financial officer is the one who bears the responsibility for managing the company’s finances, along with the financial planning,...
Why to keep tax records? Firstly, keeping tax records is not just applicable to the businesses or CPA firms, but also for individuals. It especially comes into picture when you have to arrange proofs for being a timely tax payer. It also ensures that your claims and deductions are...
The tax season is the most important season to determine the efficiency of a CPA firm. This is because during this time there is a lot of pressure on the firms and a single mistake can lead to losses for the clients which will question the potential and capability...