Top Payroll Processing Companies in Bangalore

  As long as you earn revenue or income, you have to pay taxes levied by the government. Taxes are categorized as two types – Direct Tax and Indirect Tax . Direct taxes are directly paid to the government by the taxpayer whereas Indirect taxes are imposed on products and services and are paid by the seller. Most CA firms in Bangalore would recommend you to become sure   about taxes as are applicable to your business so that you never get any tax evasion lawsuits.  In today’s blog, we will talk about 5 Direct Taxes you must acquaint yourself with as an entrepreneur in India. So, let’s move forward without any more explanation. Income Tax This is one of the most misunderstood and popular direct taxes in India. One of the interesting things about this particular tax is that it has to be paid by both individuals and companies. Since our blog is focused on entrepreneurs, we will highlight Income Tax apropos to that. Let’s take a look at the tax slab for business owners who ...

  Understanding tax is not an easy business as once you grasp the current tax regime, the government comes up with a new one much to your chagrin. Hence, Chartered Accountants or Certified Public Accountants are hired by several businesses belonging to different industries for sound tax and financial advice. A great number of  CA firms in Bangalore   provide varied services associated with accounting, bookkeeping, and taxation to their group of clients. In today’s blog, we will discuss 5 absolute CA services you must opt-in to boost your business level. The services discussed today are highly essential for any kind of business irrespective of size and region. So, let’s get started.  Accounting and Bookkeeping Services Accounting and Bookkeeping go hand in hand. While bookkeeping is the recording of financial transactions carried on a daily basis, accounting is the preparation of financial statements and reports. A Chartered Accountant is more experienced or proficien...

  Payroll is an important aspect of any business. Managing your payroll the right way ensures to increase employee retention and engagement. While most businesses have an in-house payroll management team, certain organizations prefer to outsource payroll services for a better payroll management system. There are many  payroll processing companies in Bangalore   that execute vital payroll functions starting from payroll calculations to deposits and much more.  If you run a small business, you need to distribute your time cautiously so that you can grow your business well without compromising on other functions. Hiring a payroll management firm can save you from loads of troubles and leave you with a lot of time and energy in your hands which you can utilize for taking care of highly crucial affairs. Today’s blog will talk about how outsourcing payroll services can prove super advantageous for your business. Here are some pointers that signify the importance of profes...

  Three things that are difficult to understand,   TAX TAX TAX Yes, taxes are by far the most complicated things to understand after thermodynamics, stoichiometry, and James Joyce's Ulysses. When something is a complicated process, it needs professional supervision. In the case of taxes, worthy professional assistance is provided by Tax Consultants or Chartered Accountants. As business owners deal with a lot of things every day, hiring a chartered accountant agency becomes a sheer necessity. There are many  chartered accountant firms in Bangalore   which offer tax audit services, GST registration, and obviously, tax consultation.  In today’s section, you will learn about the 6 perks of hiring a Tax Consultant for your business venture. Keep reading further to get more information on the subject.    Effective Tax Management  An experienced Tax Consultant takes care of the taxes like the pro he or she is so that the businesses can maximize their pr...

  Introduction TDS has a simple full form – Tax Deducted at Source. This tax was introduced in 1961 by the Income Tax Department of India to collect taxes from the very source of income generation so that there is a lower chance of tax evasion or fraud and more convenience to the taxpayers as they do not have to pay an extravagant amount at the end of the year. As per the Indian Income Tax Act of 1961, income tax has to be deducted at the source of income, dividends, and sale of assets. The employer or deductor who is making the payment is liable to deduct the tax amount (as applicable) and deposit the same amount to the government in the deductee's name during the particular financial year. In this blog, one of the  top accounting firms in Bangalore   will tell you what TDS is all about in the simplest way possible. Keep reading further for more knowledge on the subject.  TDS Rates for various types of payments Nature of Payment Made Section TDS Rate (%) as applica...

  When planning to commence a business, it is a good idea to consult a CA professional to get insights into how you can finance your business better. You might have the right idea and a valuable team but then you also need a renowned financial expert to float your boat without any pecuniary hurdles. Well, in that case, benefit from some of the  best chartered accountants in Bangalore   and embrace excellent business growth with the aid of their valuable advice.  Coming to today’s blog topic, you will get to know about 5 ways precise financial planning can spur business growth. So, let’s not do any further ado and get right to the pointers.  Makes your budget better A budget helps you refrain from overspending and helps you keep a track of your expenses. There’s hardly anyone who doesn’t allocate a budget – from housewives to entrepreneurs to the finance department of our country, everyone needs a budget. Talking to a chartered accountant before commencing a ne...

  One of the important services taken by a huge number of businesses these days is financial accounting service. It is because outsourcing such services offer reliability, flexibility, and affordability. Before hiring any  CA firm in Bangalore ,  there are some obvious questions that you must ask the agency without any hesitation before signing on the dotted line. In today’s blog, this is exactly what’s going to be addressed so let’s not wait anymore and get straight to the 6 prime questions you must ask your CPP firm. Question 1 - Can I have a look at your Credentials? Of course, before any company hires an employee or outsourcing agency, the first axiomatic question would be to request them to show their credentials. In the case of CA firms, you should ask for the said company’s CPA (Certified Public Accountant) certificate so that you can ensure the authenticity of your potential chartered accountant firm.  Question 2 - What kind of clients have you worked for?...