Finance and Accounting Outsourcing is a very common practice nowadays. Business management understands that the internal accounting division may become expensive by keeping it in-house and after a while may not be the most effective practice. The most challenging aspect of Outsourcing Accounting Services is hiring a service provider...
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The novel corona virus has caused major disruption across the globe, leading to various health, and economic crisis. Businesses are going through turbulent times. Many are forced to shut down, some are forced to layoff, customer demand is falling, the supply chain is disrupted, and suddenly we are in...
The early years for any startup is the most crucial phase. They don’t have a strong background at such an early phase, plus they need to compete with the already established companies and other startups. Also, they need to create a niche in this highly competitive and ever changing...
As we can see, in the present situation New York has been severely impacted by COVID-19 pandemic. It is the most badly impacted state in the United States. Forget the present, there are many good and positive things about New York that has earned it a worldwide recognition. The...
The world’s economy is witnessing a cascading effect these days because of the COVID-19 pandemic, and It has thrown up quite a few operational challenges. BFAG (Boston Financial Advisory Group) , leading outsourcing company for accounting and financial consulting, focuses a lot on the safety and security of its...
Is it essential for start-ups to maintain reporting? Why not wait until start-ups are at a specific size and then start measuring and documenting the processes? What is the purpose or significance of documenting such activities or business processes? Enterprises currently have access to fundamental solutions that tackle many...
Due to the COVID-19 outbreak, there are massive changes taking place in the country. There are various measures taken by the Ministry of Finance for the extension of statutory and regulatory compliances. The Finance minister Nirmila Sitharaman announced the following measures – Income Tax Income tax returns dates are...
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...
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...