Paying taxes can be stressful. Even before you receive your wage, you need to think of all the possible deductions. Let us discuss in this article what the top 6 most overlooked tax deductions are so that you’ll be sure…
Tax
Tax Tips During Tough Times: 7 Surprising Strategies to Improve Cash Flow
It’s safe to say it has been a year of significant financial blows for business owners. Many have put their long-term goals on hold in an effort to come out the other side with their business still intact. No one…
Taxes: 5 Things You Need to Know
You may be wondering what there is to know about taxes. Some people may feel that they should have no knowledge at all of the topics, but the reality is that knowing how taxes work can be important if you…
5 Ways How Cloud-Based Accounting Can Save You Money
Every modern accounting business aims to keep unnecessary expenses at a minimum, but we all are aware of miscellaneous expenses that show up regularly. Even when the finances are managed smoothly, there is always a need to save more to…
The Three Tax Trends In 2020-21 Affecting Global Economic Growth
Around sixty percent of Americans don’t oust paying taxes as they find it difficult. It’s true that filing tax is a difficult task as it demands a lot of paperwork, time, and effort. Taxes might be a valuable certainty in…
Qualifying for Research and Development Tax Incentives: 5 Things to Know
Any government gives a business tax credit to encourage innovation. A tax incentive can go a long way in boosting your business. However, some companies are not aware they qualify for such grants. Through the research and development (R &…
5 Steps to Prepare for a Tax Audit in the UAE
No matter what industry you are in, there is a good chance that you will have to be audited at some point. Whether you chose to do an internal audit, an external one or you have an FTA-conducted one, you…
Building a Robust Tech Stack for Your Professional Accounting Firm
A growing shift towards technological assistance has been observed in the accounting fraternity. Tax preparation guides for freelancers are now being provided online, along with software applications that can really help accounting professionals gain an extra edge. These software apps provide the additional…
You May Be Exempted From the New Tax Regime. Know Why!
The Union Budget 2020-21 had created quite a stir when the Honourable Finance Minister introduced an optional new income tax regime. This new income tax slab will sit beside the existing one and individuals can opt for it if they…
An Exclusive Statistical Report on Cost Accounting Software
Cost accounting deals with reporting and analysis leading to an improvement of inter-business cost control and efficiency. It is a system of operational management analysis. For practical cost accounting, the benefit of cost accounting software is undeniable. A cost accounting…