Amaey Anand is a certified accountant with over 10 years of experience in the finance industry. He has worked with various organizations to streamline their petty cash management processes and reduce inefficiencies. He has also written several articles on financial management for leading publications such as Zensuggest and The Wall Street Journal.
Accounts departments across the companies use a wide range of documentation, including invoices, profit and loss statements, balance sheets, tax reports, and so on. Handling so much paperwork has caused a lot of problems. Businesses around the world are switching to...
Key Takeaways: Payroll tax is a levy on employee wages. Employers are responsible for deducting and remitting these taxes. Payroll taxes support various programs like Social Security, healthcare, and employee benefits. They also aid in local infrastructure maintenance...
Tax planning stands out as a crucial element for individuals and businesses alike. As fiscal regulations evolve and economic landscapes shift, staying informed about effective tax planning strategies becomes imperative. This detailed blog delves...
Key Takeaways: Accounting risk management involves identifying, assessing, and mitigating financial, compliance, operational, and other risks. Key types of risks accountants address include compliance risks, core financial risks, and liquidity risks. Accountants play...
Key Takeaways: Maintain a professional and polite tone when writing an outstanding payment mail. If the reminder emails are ineffective, consider scheduling a meeting or phone call with the client to address the issue directly. Ensure outstanding payment reminder...
Payroll administration and management is one such essential HR function of any organization. Open Source Payroll software is the latest buzzword today, due to the massive advantages they bring to an organization!
In taxation, the Goods and Services Tax (GST) has emerged as a transformative and unifying force. Since its inception, it has significantly altered the indirect tax landscape, bringing about a One Nation, One Tax system. This blog aims to delve into the intricacies of...
Key Takeaways: Different types of GST returns cater to various business needs, helping maintain compliance, calculate tax liabilities, and claim Input Tax Credit (ITC). Returns can be filed online via government portals or third-party applications, ensuring...
Key Takeaways: Explore leading accounting solutions for businesses in the USA that simplify financial management and enhance efficiency. Compare key features and pricing plans of top accounting software providers to make informed decisions. Find out how accounting...
Key Takeaways: Stay ahead in accounting by adopting technologies like cloud-based systems, automation, AI, and data analytics. Explore new trends like blockchain, forensic accountancy, and advisory services to enhance your expertise and stay competitive. Adapt to the...