There persists a long debate between which service option a firm should choose. Should you select Hiring Outsourced bookkeeping services or using in-house Bookkeeping? The question can put many accountants in a perplexing state. There were barely any hi-tech technological innovations such as the Internet and cloud computing in the bygone times. Business firms made
The Tourism and Hospitality sectors stand as the worst affected business segments on a global scale due to the COVID-19 Pandemic. As a measure to contain the infection, Governments in most countries closed their borders, and even domestic travel came to a halt due to lockdowns. Also, restaurants and hotels were bound to stay closed.
One of the most important aspects of tax compliance in any country is the preparation and filing of income tax returns each year and the payment of applicable taxes. An income tax return, as we know, is a form or a legal document which states out the information about a taxpayer’s taxable income and the
One of the eminent events for the global accounting industry, the Digital Accountancy Forum and Awards, is being organized once again in 2020. For the last nine years, every year, this esteemed event is held in the presence of who’s who of the accounting domain. This time, however, there is a change in the way
The UK Government introduced a Digital Service Tax in an endeavour to bring Internet Giants such as Amazon, Facebook, and Google under the tax purview. The Digital Service Tax or the DST shall apply on specific digital activities the value of which exceeds specified threshold limits. A draft for the proposed digital service tax came
A business cannot survive long if it does not continue to improvise. Business enterprises can see service improvisation as part and parcel of operating in an aggressive market. The diverse service industry finds its base on the universal principles of service improvisation and value addition. Outsourcing is one such super competitive sphere where every company
Having a hard time managing your payroll procedures while growing your business? It is widely agreed that payroll is a complex aspect of managing an accounting firm. With ever-changing rules and regulations, updates from HMRC it becomes a challenging affair to efficiently manage payroll in-house in an orderly fashion. The answer to this? Outsourced payroll
There are enough highlights about the mayhem caused due to the COVID-19 pandemic. It is now the ideal time for focusing on implementing the recovery measures to overcome this mayhem. With the bid to further fuel the recovery efforts against the adversities of COVID-19, the UK Government has introduced the second SEISS Grant. The UK
Today, accounting as a profession has become more diverse than ever. The accounting services domain as a whole has experienced immense developments in the recent past. This has given rise to a constant flow of new business ideas and growth strategies. In a time like this, practitioners are faced with the challenge of creating a