November 09 2022 finance & accounting | HR
As a company, you don’t just get to enjoy income coming in, you also have to deal with your expenses. One of your main expenses will be paying people who are your employees or contractors. QuickBooks Online gives you a way to handle your payroll, however it is currently included as an add-on, much like …
October 19 2022 HR
Gusto is an easy-to-use, all-in-one human resources (HR) platform that helps small businesses handle payroll, employee benefits, hiring, onboarding, time and attendance, and compliance. While the platform offers a comprehensive suite of tools for business owners and HR managers, its payroll system is especially great for small businesses. Let’s take a look at its Features, …
October 16 2022 finance & accounting
The United States of America has a multicultural population and a sizable English-speaking population. It is generally friendly to foreign firms due to its diversity. The US market is open for business options from all over the world. It is very simple to establish a US corporation for your business as it has an economy …
October 03 2022 Tax
Taxpayers have seen their options for tax deductions whittled down in recent years, as the vast majority of taxpayers opt for the standard deduction – which doubled in 2018 – rather than itemized deductions. Still, deductions are a powerful way to lower your tax bill. Let’s take a look on various types of Tax Deductions …
October 01 2022 finance & accounting
Bank reconciliation protects your business from fraud, accounting errors, and mismanaged funds. At a minimum, it’s best to reconcile your bank and bookkeeping records daily, weekly, or monthly to catch errors immediately. It can be a tedious process. Nonetheless, it’s critical to your financial health. Good thing, Xero accounting software can make this process easier …
September 30 2022 Tax
Generally, married couples choose to file their income tax returns jointly on their Form 1040. That means, their filing status is Married Filing Jointly. When the returns are filed jointly, the liability arising thereof is also joint and several. But sometimes it happens that one’s spouse or former spouse fails to report income, or may …
September 29 2022 finance & accounting
You must have come across lots of concepts or conviction through which on can get funding or inject cash in their Business. This Blog is merely to highlight the attribute of Factoring Companies and the way they are accounted. For those who are now thinking, what is Factoring or a Factoring company? Let me bring …
September 29 2022 finance & accounting
FBAR stands for Report of Foreign Bank and Financial Accounts. One must report their financial accounts to the Treasury Department. Financial accounts such as bank accounts, brokerage accounts and mutual funds need to be reported. These accounts are reported on FinCEN form i.e. Form 114. FinCEN stands for Financial Crimes Enforcement Network. Who must file FBAR …
Form 1040 is a form through which US individual taxpayers file their annual income tax returns. This form is used by individuals, small business owners, individuals who run single member LLC or are partner in partnership firm. The form initially contains basic information like Taxpayer’s name, address, filing status, social security number, spouse’s information, dependent’s …
April 15 2022 Uncategorized
Outsourcing is a process of offshoring an organization’s non-core activities or business processes to a specialized service provider. Global outsourcing versus outsourcing. Is there really a difference? That depends. The answer is not a simple ‘yes’ or ‘no’. Outsourcing is defined as “a business practice in which a company hires a third-party to perform tasks, handle …
