There is a stigma attached to Chartered Accountants. They get a bad reputation because there is a common perception out there that Chartered Accountants just file tax returns and maintain balance sheets. Not only is this false, but if you actually believe this, there is a significant profit margin you could be missing out on…
Bookkeeping can be a daunting task but putting it off could spell disaster as you lose track of all the details and little expenses. So what should you do? Here are the only 6 bookkeeping secrets your logistics business should know!
Setting up a business and running it successfully is not a simple task. If you’ve made it this far, you’ve won half the battle but you’re stuck in a rut and you’re wondering what’s next. How do you take your business to the next level? Taking it there requires a lot of work and getting through some challenging times while still keeping your business running and profitable. The first step you need to take is to ascertain if your product or service has enough scope for you to consider expansion. Can the demand for your company’s product sustain its growth? If you just answered yes and if you’re prepared to put in the work and dedication your small business requires to up its game, here are some simple steps you can follow to take your business to the next level.
Amidst all the hustle and bustle, it is very common for environmental responsibility to take a back seat when running a business. But what we don’t realise is that by going green, not only do you actually do good for the environment and boost the company morale, but customers too are more likely to gravitate towards responsible companies. And what better way to honour this than by going green at work this World Environment Day! Here are some tips to help your business go green and contribute to the environment.
Writing a business plan can be a daunting task for most but it’s as vital as it is intimidating. But how exactly do you go about it? Where do you begin? What do you include? We’re here to help you with just that. Here’s how to get started with your business plan and what each section of your plan should focus on.
It is important for every small business to protect their Intellectual Property. Most SME’s in India are not aware of the importance of how to go about procuring an IPR or Intellectual Property Rights and often fall prey to malpractices. Of the ≅40,000 IP applications, India receives annually, over 85% of them are dominated by large corporates. This is indicative of the abysmal gap in IP applications from the SME sector. They lose out on valuable advantages and lose millions in revenue due to this lack of awareness.
Incorporating your company is one of the first steps of making your business a recognised legal entity. Not only are the owners protected from personal liability for company debts or obligations, but this also improves the credibility of your company. Earlier, the entire process of incorporation took anywhere between a few weeks to over a month and this has now been reduced to under a day owing to the efforts of the Government of India. The advantages are many and it’s probably high time you as a business owner incorporate your company to avail the benefits.
Everybody is going cashless these days; from entire nations to industries and even your local grocery store down the road! Ever wondered why? The ease, the transparency and the efficiency, are just some of the benefits of going cashless. In fact, the Indian government recently even gave its nod to amend the Payment Wages Act for facilitating cashless salaries in the Public Sector and the Private Sector is clearly next. So, the next logical question is why are you as a small business owner not going cashless for your payroll processing? Every business owner knows that feeling when 24 hours in a day just isn’t enough to take care of sales, marketing, accounting and payroll responsibilities single-handedly! Use technology to ease your burden and use that time to focus on helping your business grow. Still unsure? Read on to find out 6 compelling reasons to switch from manual payrolls to a cashless payroll service.