Top Ten Tax Tips for Small and Medium Business Owners in India and the USA
Professional Tax Guidance for Small and Medium Business Owners Across India and the USA Navigating the complexities of tax regulations is a significant undertaking for small and medium enterprise (SME) owners operating within India and the USA. With both nations offering distinct tax environments, SMEs should employ strategic planning to minimize liabilities and remain compliant.…
QuickBooks Overview & How business owners can benefit from the QuickBooks services – QBO cloud accounting
QuickBooks is a practical finance and accounting solution for a small, order-driven business. There are thousands of customers who have outgrown QuickBooks as their entry-level accounting solution, and have switched to more flexible and robust solutions to support their growth. Entrepreneurs and small business owners typically manage QuickBooks themselves. They may also have an outsourced…
Tax Compliance Calendar for India (IT, GST, TDS)
Tax Compliance Calendar for covering important due dates for Income Tax Filing, GST (GSTR1, GSTR3B. RET1), TDS Payments, Preparation, & Filing, ROC, and general accounting from Apr Mar 31stwith a primary focus on Individuals, Professionals, & SME Business. All the information given is from credible and authentic resources and has been published after moderation. Any…
What It Is Income Tax Form 1120— How to File It ?
When you incorporate a business, you take on new responsibilities. One of these is filing Form 1120 (U.S. Corporate Tax Return)—five pages of dense text and empty, numbered boxes demanding to be filled. Don’t let the fine print get you down. With a little preparation, Form 1120 is easily vanquished. Let’s look at who needs to…
Benefits to Outsourcing Accounting and Bookkeeping Services
Introduction to Outsourcing Accounting:- Many small businesses, start-ups, and entrepreneurs find it challenging to hire an accountant. Especially with the right skills to prepare their company’s financial statements, manage bank account operations, analyze financial data, and prepare the outgoing invoices. Nowadays, it is even more challenging to find a qualified and eligible person at an…
What’s the Difference Between Accountant and Bookkeeper?
The terms bookkeeper and accountant tend to be used interchangeably by those unfamiliar with the industry. But there are a few important distinctions between the two professions. A Bookkeeper can help you manage your financial books by documenting transactions, managing accounts, and recording financial data. These tasks are collectively called bookkeeping. An accountant can then…
Cash Basis Accounting vs. Accrual Basis Accounting
For Understanding the differences and which you should use for your business. The main difference between accrual and cash basis accounting is the timing of when revenue and expenses are recorded and recognized. The cash basis method is more immediate in recognizing revenue and expenses, while the accrual basis method of accounting focuses on anticipated…
Global Cloud Accounting Business Trends in Lock-down
1. Cloud Accounting The latest trend in the accounting world is marked by the shift to “the cloud” to save money and improve user experience. Cloud accounting software will continue to enjoy strong growth Globally. Firms are increasingly organized around decentralized and remote teams, which is driving even faster cloud tech adoption. In 2020, 78%…
The Best Popular QuickBooks Integration Apps
The Best Popular QuickBooks Integration Apps To reduce human, afford and accuracy in data entry. We use third-party apps that are available in the QuickBooks app store. Like Bulk Import Excel | CSV | IIF – SaasAnt. You’ve got work to do and no time to explore all the applications available for QuickBooks users. That’s…
WHY ACCOUNTANTS & BOOKKEEPERS ARE IMPORTANT PEOPLE IN ANY BUSINESS:-
Accounting is a process of recording, summarizing, analyzing and recording of financial transactions of an enterprise. Accounting is one of the most important functions of any business enterprise.Many business owners, especially those who manage small business, Neglects to see the importance of Accountants & bookkeepers in their business, they only realize the importance of accountants…