If you own a business, your gains are subject to taxes by the government. Business owners often lose a big part of their gains to income taxes. Therefore, business owners need to understand how to identify tax deductions relevant to their field of work. Higher tax deductions for small businesses also equate to a…
DetailsIf you are an individual who had lived a life, you have fun stories to share and experiences to talk about. Your friends and family have heard your stories before, it’s time for you to have a podcast. From CEO to college students having a podcast can be an experience of a lifetime, Podcasting…
DetailsHow would you feel when the most critical software that you use to run your business suddenly announces that they will no longer serves you? This is what happened when Intuit QuickBooks announced that they are going to shut down their India business. As a founder of a competing accounting software (ProfitBooks), I was surprised…
DetailsAs a business owner, you must understand that record-keeping of revenues, expenditures, and net profits is crucial for your company’s optimal financial health. In other words, maintaining the books is an important responsibility of an accountant or a business owner. You must close the books periodically, which in simpler terms refers to balancing the income…
DetailsIf you step out in the market often and interact with businesses or any transactions, you’d have encountered the terms‘ invoice‘ and ‘bill’. Businesses, accountants, and customers often use these two terms interchangeably. Though they do have some commonalities, they surely aren’t identical. If you are a business owner and wish to have some assistance…
DetailsPodcasts are like the Swiss Army knives of knowledge, fitting an entire library of insights into the palm of your hand. Consider the following scenario: you are an entrepreneur who has recently started a new firm or has been running one for quite some time. You can barely find time for yourself in your busy,…
DetailsIf you are a new business owner, then you might be familiar with the struggles of running a business. Buying raw materials, and organizing the business takes immense effort. Checking your money inflow and outflow and tracking all your payments and expenses for the business can be a challenging process. Switching to accounting software to…
DetailsDelayed payments are a persistent problem for small businesses, leading to increasingly severe effects and several concerns about their liquidity as a result. One in three businesses considers overdue payments one of the most serious dangers to their viability. A significant gap between income and managing real cash flow could be one major issue,…
DetailsIt’s not uncommon these days to discover folks who want to start from scratch and construct something from the ground up rather than looking for employment that doesn’t pay much. This is when a eureka-type business idea can save the day. Business ideas are one thing, but implementing them is another thing entirely. It is…
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