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A Complete Guide to Choosing Online Accounting Software

Technology today has enabled businesses to simplify their accounting process. The advent of accounting software makes it easier for businesses to store their financial information and use it in many different ways to boost business transactions. To manage the business accounting with ease, there is a number of online accounting software. What is Accounting Software? Accounting software is a program or software that can handle multiple bookkeeping and accounting tasks. The program stores all the financial data that is used...

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When to Hire a Bookkeeper?

Bookkeeping is one of the biggest challenges for all businesses irrespective of the size and nature of the business. Initially, bookkeeping might seem like a simple task where you can keep track of all business activities and transactions. However, soon business owners realize that opening consumes a lot of time that could be otherwise used for expanding and promoting the business. Errors in bookkeeping can only aggravate the situation and therefore it is important that you look for small business...

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How to Manage Cash Flow?

While an idea is the most important part of any business it is money that makes that idea turn into practicality. Any kind of business idea requires money to buy resources and other things and services required to establish a business. Businesses often need to understand the basics of cash flow that would allow them to maintain their business and gradually gain profit. What is Cash Flow? In simple terms, cash flow is the inward and outward movement of cash...

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File income tax return even if you don’t have taxable income

To file income tax return or not depends on your income level. As per the income tax act, if your income is within exemption limit of tax, it is not compulsory to file a tax return. The minimum exemption limit as per current norms is Rs 2.5 lakh for individual up to 60 years of age. For senior citizen between 60 to 80 years, this limit is Rs 3 lakh and for those with age of 80 years, this limit...

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