How To Increase Your Practice In The Current Situation?
Introduction The ongoing COVID-19 pandemic has changed the way businesses operate across the world. If you have a business or a practice, the chances are that you might have noticed a dip in clients in the last few months since you started working from home. Growing a practice is not as easy as it seems. […]
How to increase your customer loyalty?
Customers are how a business works. If a business has loyal customers, it means flowing revenue and the growth of a brand. Every company must focus on client retention for repeat business. This is because once a customer is loyal to your brand, he/she will not go elsewhere. Businesses that have a certain relationship with […]
How to Stay Productive While Working from Home?
Working from home can be joyous because of the flexibility it offers to your daily schedule. However, it can be challenging to stay organized and productive if you don’t plan well. Recently, many people opted for or were forced to work from home during the lockdown. Hence, it is a good idea to learn a […]
10 Reasons To Outsource Your Accounting Work
Do you feel your competitors are taking away your clients because they are able to out price you? And do you feel threatened by ongoing onslaught of technology in your profession? Do you feel you need to add new service offerings to your clients? Then read below and consider outsourcing your accounting and bookkeeping work […]
5 Costly mistakes for an accountant
Accountants are the ones primarily responsible for the maintenance and examination of records of a business while computing the financial status of the company by preparing final accounts like P&L account, Balance sheet, etc. Also, accountants are the ones liable to file taxes and scrutinize the accuracy of records of a company. As a result, […]
CHANGES IN THE OUTSOURCED BOOKKEEPING
Change is the law of nature, and outsourced bookkeeping services are no exception. It is essential to adapt to new practices and technologies to provide the best services to the client. We have seen significant changes in the industry from various perspectives. So, I have pinned down some of them. FROM DESK TO CLOUD The accounting principles […]
MTD Compliance for Clients
If your clients have a VAT Registered business with a taxable turnover above the VAT registration threshold (currently £85,000) they are required to keep digital VAT business records and send returns using Making Tax Digital (MTD)-compatible software. The vast majority of businesses will need to do this for VAT periods starting on or after 1 April 2019. Businesses with a taxable […]
Cloud Accounting – Need for Accountants
The entire world is increasingly adapting to cloud services from connected appliances to internet-based educational programs. Basically, cloud platforms have helped medium & smaller businesses to offer their services more effectively to their clients using shared technology platforms. This has mostly happened by eliminating the need of dedicated IT infrastructure to handle data, accessibility & […]
5 COMMON ACCOUNTS OUTSOURCING MYTHS ~ BUSTED! (PART-2)
Cheaper the labor, lower the service quality. It is a general tendency to assume the quality of a commodity in proportion to the cost price. But, when the global factors are in play it is a whole different game. In India, there are a lot of skilled, highly-qualified and experienced graduates in the workforce. Service […]
5 Common Accounts Outsourcing Myths ~ Busted!!! (Part ~ 1)
Outsourcing your core services (bookkeeping, tax preparations, payroll etc.) can prove to be an intimidating task, since you’ve never done it before or are dealing with a new outsourcing vendor of a new country. And often, these fears and uncertainties can give birth to a lot of myths. Let’s try and bust some! Outsourcing is […]
