As a business owner with employees, completing and submitting the appropriate payroll forms is an important aspect of running your business. There are many payroll forms that must be filed, and many must be filed quarterly or annually to avoid taxation problems and penalties. Following is a list of the various forms you may need

Data backup, including accounting and bookkeeping information backup, is associated with automation, software, and IT. However, in the context discussed here, backup is simply a good operational practice, because of the significance of accounting data in ensuring financial stability and business survival. Automation plays a significant role in streamlining accounting and bookkeeping functions in businesses,

Accounting software automation can help ensure well-managed bookkeeping and accounting, However, strong infrastructure support is necessary for accounting software to work as intended. Daily tasks such as cash flow management can be negatively impacted if the automation suffers as a result of outdated IT hardware and lack of infrastructure. The infrastructure is the foundation for

In 2020, COVID-19 affected lives across the globe. Unprepared businesses, especially small businesses, closed down. According to a 2020 report by the World Economic Forum, many organizations were forced to rapidly change work practices. Changes that would have taken years to be fully accepted in non-COVID times have been implemented in a matter of weeks,

Outsourcing a project to a third party has become a strategic tool for business operations. Companies are looking for better ways to manage workflow, as well as increasing productivity. Outsourcing offers cost-effective solutions, team expansion, and the ability to manage peaks in workflow. More importantly, it provides small to mid-sized businesses with alternative solutions that

Bookkeeping is an essential process and a significant part of any business’s operations. It requires detailed attention and accuracy. Are you looking for a better way to manage your bookkeeping functions? If yes, consider how we can help strengthen your bookkeeping processes. Process is critical to small to mid-sized businesses as they support efficiency and

With COVID-19 came social distancing norms. And for those businesses that could afford digital capabilities, remote work and work from home capabilities. The increased dependence on digital and online working capabilities brought to the forefront the need to segregate the back-office from the front-office. Ensuring an efficient front-office with the help of software Many businesses

Selecting the best accounting software subscription is like choosing a pizza from a menu of an overwhelming number of choices. There are many options available in the market for cost-effective accounting software. They all have different prices and features. The best thing to do is to compare the accounting applications and choose the one best

According to a recent report, 57% of mid-sized firms and 47% of small firms use cloud-based accounting. Cloud-based accounting can help make bookkeeping and accounting tasks easier, faster, and more reliable through reduction of human errors. With COVID-19 came the heightened need for personal safety and protocols for social distancing. Cloud-based systems allowed the sudden

Payroll related provisions are liable to modifications depending on multiple factors. If your business handles payroll for employees, you’re most certainly aware that business payroll rules can change. Depending on the economic environment and government policies, businesses must track their payroll liabilities to ensure compliance. Payroll planning Multiple factors influence payroll in a business, including: