Recent Posts
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Articles Expense ManagementBusiness travel in the time of COVID-19: All you need to know
The World Health Organization (WHO) has declared the coronavirus outbreak a pandemic. By doing so, they have acknowledged that the virus is likely to spread to all countries around the globe. While many industries are feeling the blow, the travel industry has had the greatest setback. Owing to the pandemic, most firms have cancelled…
5 mins read
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Articles PayrollUnion Budget 2020-2021: Decoding the implications of current vs. upcoming tax regimes
Introduction The Finance Ministry of India recently announced a new tax regime for the employees under the Union Budget 2020. This newly proposed tax regime will be applicable starting from the fiscal year 2020-2021. For the upcoming fiscal year, employees can choose to stick with the existing tax regime or opt…
3 mins read
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Articles AccountingSteps for Successful CRM Data Migration to a New CRM System
Now that you understand the importance of using a CRM during succession planning, you're ready to take the leap and install a CRM to manage your client database. Before you make the move, you'll need to have a strategy for seamlessly transferring all your data from your various programs to…
4 mins read
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Guides AccountingWhat is the Construction Industry Scheme & How to Register for CIS?
CIS is a scheme in the UK, issued by HM Revenue and Customs (HMRC), for mainstream contractors and deemed contractors in the construction industry. The difference between the two is that the principal activity of mainstream contractors is construction. Construction is not the core business operation for deemed contractors, but…
2 mins read
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Articles Expense Management6 ways your employees can get crafty with expense fraud
Where there is money, there is crime. Perhaps that is why expense fraud is prevalent in firms of all sizes despite being illegal. According to the 2018 report by the Association of Certified Fraud Examiners, expense reimbursement cases account for 21% of fraud in small businesses and 11% in enterprises. While it may sometimes be an honest mistake, it…
5 mins read
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Articles AccountingBest Practices for Filing Your 1099 Taxes Online
Tax filing season has already begun in the US. It's time to get those 1099 forms ready as the 1099 deadline approaches. Form 1099 is also called an information return, which businesses file every year with the IRS. There are up to 16 types of 1099s. The most common one…
2 mins read
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Articles Expense ManagementHow to get through business travel during peak holiday season
Business travel has its perks, but, especially around the holidays, you have to go through a lot to enjoy them. Let’s say you are on a business trip. At your fifth business meeting of the day, you are probably picturing yourself going back to the hotel room and hoarding the…
5 mins read
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Guides Accounting
All You Need to Know About Closing Your Books
What does it mean to 'close the books' in accounting Closing your books a year-end activity where business reports are finalised. "Books" refer to a company's transaction records that are used to generate financial statements. These transactions inform the business owner about the money flowing in and out of their business. What is the importance of closing…
3 mins read