5 Simple Ways to Streamline your Payroll Management – Finsmart
Managing payroll systems isn’t an easy job. Whether your company is just starting or whether you have grown is a mid-sized company that’s humming with business; we could all use some help with payroll management. But the question is… where to start from? Considering that automating tools help considerably in streamlining your payroll management systems, how exactly […]
Technology Transformation for your Accounting Process – Finsmart
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Tax relief in respect of COVID related receipts and Ex-Gratia payments – Finsmart
Covid 19 has caused hardships to many and even business units have also suffered by loosing their employees to Covid virus On this background – many employers have offered to provide lump sum compensation to the family members of deceased employee So there was no clarity regarding taxation of the same earlier which has been […]
How to Maintain Confidentiality of Payroll Information in Business?
Your employees give you the most personal and important information, like their bank account number, PAN number, AADHAR number, and other information. If you can’t keep this information safe and secure, which is a critical task in a world that’s barraged with electronic information like that, then your company is going to lose quite a […]
Ministry of Corporate Affairs ( MCA ) has now allowed all matters of board to be approved through Virtual Meeting wef 15th June 2021 – Finsmart
With this amendment some board matters which were restricted to pass through physical board meeting only, can now be dealt with in a Virtual Board Meeting However one should keep following points in mind while conducting Virtual Board Meeting: Virtual Board Meeting can be held anytime with 7 days’ notice given to every director either […]
How E-Payroll Management Boosts the Organization performance?
What is Payroll Management? The payroll management refers to the process of managing the administration of a company’s employee’s financial records. This would include details of the employee’s salaries, incentives, bonuses, allowance, deductions, gross pay and net pay. An employer must maintain and keep these records as dictated by the rules and regulations. Are you […]
As Business Owner are you sure about your Tax Compliances ? – Finsmart
How many Business Owners today can confidently say that they are 100% compliant? What are you doing to mitigate the risks associated with compliance? The Government policies are evolving, new laws gets enacted, and amendments to the existing ones keep happening. These are all not very simple to understand, at times ambiguous creating confusion and […]
New Section 206AB and 206CC on TDS & TCS comes into effect from 1st July 2021 – Finsmart
A new section is introduced in the Finance Bill, 2021 for deduction and collection of tax at source at higher rates if an amount is paid or payable to the specified person who did not file the income tax return which will come into effect from 1st July 2021. Section 206AB for TDS is inserted after section […]
5 Key Advantages of Remote Accounting – Finsmart
While bookkeeping services are important, what’s more important for small to medium scale enterprises is to pay attention to the larger picture. Bookkeeping is a specialised task and in today’s world of remote working, remote bookkeeping professionals can be a boon for your business. If you are an owner of a small to medium enterprise, […]
Shalaka Joshi: Finsmart Solutions Pvt. Ltd. The CEO of Magazine India
We strive to build a global outsourced accounting and payroll organization that is recognized as a Trusted Growth Partners for its clients and employees,” shared Shalaka Joshi, on what drives her to jump out of bed every morning. For decades now, traditional accounting has been replaced with digitized solutions. In parallel, for the longest time, women limited […]