The Canada Emergency Wage Subsidy (CEWS) supports employers that are hardest hit by the pandemic and protects the roles Canadians depend upon. The subsidy generally covers 75% of an employee’s wages – up to $847 per week – for employers of all sizes and across all sectors who have suffered a drop in gross revenues […]
Accounts and accountants have been strong pillars supporting the business since the beginning of time. However, as time progresses, accounting systems are also changing. The way of working of accountants has changed in today’s technological age. Sitting in one room, surrounded by books, bills, bank statements, etc. and manually calculating them throughout the day. All […]
Many accounting software and business modern solutions have come to the accounting market. It is, therefore, necessary to analyze the specific features and functionalities of these bookkeeping software apps and tools. Choosing the right software depends on your business demands. To run your business properly and smoothly, you must have an understanding of the accounting […]
In today’s world, keeping in mind the real business situation, we want to tell two things to all business owners. 1. Give your customers what they want. 2. Help them improve their business and give them strategic advice to navigate the complexity of bookkeeping. Most of the time we discuss with clients, CEOs and business […]
The Paycheck Protection Program helps small businesses keep their employees during this COVID-19 situation. Paycheck Protection Program will help small businesses and self-employed individuals and independent businesses. The Paycheck Protection Program is a loan to provide an incentive for small businesses to keep their workers on the payroll. SBA will waive off loans if all […]
As a small & mid-size business and Nonprofit Organization owner, you are always under time and cost pressures. And there is always a concern about how to give a good product or service to customers or clients. Accounting is an area that you can outsource. Many small & mid-size businesses and Nonprofit Organizations benefit greatly […]
Considering a global economic slowdown amid the outspread of Coronavirus, the Australian government has announced $130 Billion in the form of the JobKeeper Payment Program to support Australian businesses and their employees. The government is acting aggressively towards fighting this virus, but the increasing number of patients is deteriorating the global economy. While the full […]
It is not necessary that you hire a tax accountant only when you are rich or own your own business. You may have to prepare your own taxes, or it may be too stressful or confusing for you, or you may face problems such as filing taxes, paying tax debt, or fighting an IRS audit. […]
Initially, accounting was traditionally processed manually and now in a rapidly changing environment companies have shifted their entire operations online. But there are still a large number of small to medium-sized businesses that rely on the traditional method of bookkeeping. Now that computers became popular and software became cheaper, accounting functions moved to the online […]
These days there is a situation which is totally disturbing the economy of the entire world due to the Coronavirus pandemic. There is only a remote working solution emerging as the ‘new black’ in helping out business from sinking. The accounting industry is one of the few industries that has working remotely and started migrating […]
Accountants and bookkeepers are different and they play different financial duties. Bookkeepers manage your ledger and make sure that your accounts balance every day/ every week/ every month or not. Actually, accountants are tax experts and they provide you high level of understanding of your business. That’s why you shouldn’t ask your accountant to do […]
Xero accounting software is a simple and easy platform to do bookkeeping for small to mid-size businesses. If you want to use it, you have to follow all these simple steps. Xero file Setup: The first step to getting started with the setup up a Xero account and enter your company information. This step includes […]
Outsource bookkeeping is the only way to keep the records up to date for every company. And sometimes, when it comes to larger and industrial companies, it is hard to keep all the data in order — so there are some reasons why you should look out for a one-stop solution. If you have a […]
Which is the first thing that comes to your mind when you think about “payroll”? Tedious. Cumbersome. Sluggish. Yes. Each company likes it when payroll for accountants is done right. And your CPA firm is no special case. Be that as it may, it is an asset escalated action – one that is inclined to […]
As we know very well Quickbooks offers a variety of benefits to the user and may be easy to make a QuickBooks error. Have a look, at how can avoid these mistakes by following this advice. Don’t Use Sample Files QuickBooks gives users sample files for use as an example for their own files. These examples […]
Every situated and growing or setting up a new outsource accounting firm demands a lot of hard work. Getting new clients and withholding the existing clients is a challenge for every firm. We have a shortage of time and lots of work to look at with limited staff. An excellent way to keep existing clients […]
Mindspace is a provider of bookkeeping, payroll and tax preparation services. We specialize in servicing CPA firms as well as small, medium and large businesses. According to an expert at Forbes, are lots of benefits to outsourcing finance and accounting (F&A). From tax preparation to internal auditing, having an external business do your bookkeeping can […]
Many company owners disagree with outsourcing. Actually, they fail to calculate the value of opportunities lost because they invested too much time into tasks that can be best left to others. There are many business tasks you could be outsourcing like administrative tasks, Lead generation and customer service, Accounting and financial duties, Marketing, IT operations, […]
There are professionals over the border that will take care of all your needs for a fraction of the price. Read this article to find out the best time and the best way to outsource bookkeeping services. Before we get into outsourcing anything, we need to establish the terminology. Bookkeeping is a necessary process that […]
The management of a company’s financial standing has transcended beyond the traditional in-house bookkeeping for the monthly preparation of financial statements. This is because of the demands of professionalism in the responsibility. One common demerit of in-house bookkeeping is the probability of receiving month-end reporting that is below par and delayed. When outsourcing bookkeeping to […]