Sometimes, your invoice is the last communication that you have with your client and its very important to leave lasting impression. At ProfitBooks, we’ve seen many businesses suffer from late payments due to improper invoice payment terms. In this post, I’ve explained how to write invoice payment terms that can help you get paid faster.…
DetailsIndia is notorious for its complex tax system. For new businesses and startups, it becomes impossible to navigate through various direct and indirect taxes. Constant changes to taxes like Service Tax are making things even worst. But now, the things are set to change with new Goods and service tax – commonly known as GST.…
DetailsWe were planning to conduct a small workshop for business owners. There were a lot of activities to be done – Like sending invitations, confirming attendance, booking the venue, printing promotional materials, etc. Now, the problem was, we didn’t want to hire someone full-time just for this as it would involve more time and…
DetailsSetting up Taxes in ProfitBooks is easy. Just to go Accounting menu and click on Taxes. In this article, we’ll explain how to setup Service Tax, Swacch Bharat Cess and Krishi Kalyan Cess: Important Notes Here is a quick calculation for new service tax rates that is effective from 1st June 2016. Taxes are…
DetailsFinance minister, Mr. Jaitley had proposed to impose a Cess, called the Krishi Kalyan Cess (KKC), at 0.5% on all taxable services during Budget 2016. Effective date of Krishi Kalyan Cess is 1st June 2016. In this article, we are trying to answer most commonly asked questions about this new tax. As you know, Service tax is a tax…
DetailsFor small businesses, social media is the key to success. In the past, building a brand and attracting new customers was a daunting task, and while its far from easy, social media makes it more possible than ever before. If your business isnt on social media, its time to change that. Today well look at…
DetailsUpdate – Read about 5 Key benefits announced in Budget 2017 for startups. When finance minister, Arun Jaitley was about to open his Goodie Bag while presenting the union budget 2016, expectations from the startup community were sky high. In order to boost small business and MSME sectors, Mr. Jaitley announced various schemes and policies in…
DetailsVillage Capital is an early stage investment fund and accelerator – with an aim to engage participating ventures with industry-leading mentors, sector-specific investors, and other leading FinTech companies (financial technology startups). In 2015, they conducted ‘FinTech India 2015’ accelerator program in partnership with DBS foundation and Paypal. ProfitBooks was one of the 10 FinTech startups shortlisted for this 3 month program…
DetailsA lot of businesses had to either change the way they work or shut down due to these fast-changing environments. This brings us to an important question – Can you future proof your business? Can we increase the chances of business survival? Let’s explore with a daily life example. Last weekend, I wanted to…
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