The most awaited and new tax system in India came into existence on 1st July 2017. After this, most of the businesses were able to continue smoothly as they adopted GST Compliance. But there are many businesses still that are not very sure about various compliances which can lead to heavy fines and penalties. Rules…
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Unless youre a bookkeeper or accountant by profession, you rarely dont spend time thinking about the two (but hey, no shame if you do). Similarly, you probably dont know that theres a distinction between bookkeeping and accounting. That is because, for most of you, bookkeeping and accounting are the samewell, not entirely wrong. Indeed,…
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Small business owners make up for a majority of the working class around the world. Here are some numbers to support this claim: Small business units form close to 58% of the total employment. This number goes considerably up in low and middle-income countries. It might come as a surprise, but in countries that…
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Why You Should Consider Starting an Online Business During the Pandemic For most niches, a business cannot continue as usual. Brick and mortar stores will feel the pinch that comes with behaving responsibly amid a global pandemic. Existing enterprises have an advantage over nascent ones, but they’re still struggling. Yet, according to the Wall Street…
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It is the duty of every company, regardless of size, to accurately track and report the money flowing in and out of its accounts by way of sales, expenses, and payrolls, but many entrepreneurs lack the knowledge and experience necessary to make this happen. Proper bookkeeping management is not only a necessity for complying with…
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Here’s an interesting statistic: at least 40% of online transactions are now done using mobile. With that in mind, more and more brands nowadays are using a responsive web design approach. However, to foster engagement and build brand loyalty, having a responsive web design alone won’t suffice. You also need to optimize your website for mobile search engine optimization…
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“It’s not about ideas, It’s about making ideas happen” Entrepreneurs often believe that profit is what matters most in a new enterprise. But profit is secondary. Cashflow matters the most. When you are an entrepreneur, there are a lot of tasks and processes that demand your attention. On top of regulating employees and payroll,…
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GSTR 3b is the basic return of GST. Every registered person except the composition dealer, TDS, and TCS deductor is required to file it. It is a monthly return and the payment of tax in GST is linked with GSTR 3b. It means we make the payment of tax under GST while filing GSTR 3b.…
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If you’re a software reseller, you’ve likely already discovered the massive revenue potential and business expansion benefits of white label software. I’ve been in the SaaS industry for over 12 years as co-founder of ProfitBooks, and I’ve watched this market evolve dramatically. The white label software market is projected to reach a staggering $225 billion…
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