| Irrespective of whether you are starting a new business venture or have been in the game for years, there is always an opportunity to upgrade your business operations for the better. An integral part of any company that has been revolutionized in recent years is the accounting and bookkeeping services.
What is payroll management?
Payroll management entails anything and everything when it comes to your employees and their salaries. The payroll team has the responsibility of calculating employee salaries, translating appraisals into monetary figures, filing taxes and e-returns with appropriate authorities within stipulated deadlines, issuing paychecks and maintaining an extensive database of employee salaries for the company’s tax and audit purposes. So, how do you decide if your company needs payroll outsourcing services UK?
1. Strength of workforce: It might just happen that your business started its journey as a tiny start-up with a handful of employees. As time passed, it expanded into a mammoth company and today, it employs several hundred employees. Businesses in such scenarios often feel helpless when it comes to the accounting department simply because they are not equipped to deal with such a large number of employees. This is where outsourcing accounting services can be the safest bet. Be it a small business or large, outsourcing payroll services removes complexity to a great extent.
2. Need to focus on core functions: Many businesses find it convenient to hire third-party companies to carry out their bookkeeping services because it allows them to introspect in their own business better. Businesses that deal with extensive and complex manufacturing procedures and constantly need to improve their operations are better off if they devote a lot of time in strengthening their core functions. As a result, entrusting the responsibility of accounting with a seasoned accounting firm enhances productivity for the business.
3. E-filing and taxes: Depending on the host country as well as the domain industry, every business is required to file some compulsory taxes. Failure to deposit these taxes and prepare the proper paperwork may lead to damaging repercussions, including heavy fines and even, company lockdown. Seasoned accounting firms are equipped to take care of all such tax problems, thereby ensuring financial security and efficiency for your business. So, as the owner of an organization, as soon as you notice that filing of taxes is going awry, you should know that it is time to opt for the outsourcing of payroll services.
4. Better security: Embezzlement of business funds, corporate espionage and leak of sensitive financial data are only a few of the constant headaches that business owners have to face on a daily basis. An online form of accounting provides you with much better security when it comes to your employee payment details. Technological facilities such as multiple servers, different server locations, and redundant backup ensure that your data is safe. All such accounting service-providing companies employ top-notch security software that layer your data with additional protection and shield you against fraud.
5. Expert opinion: Often, businesses miss out on competitive advantage because of having hired incompetent in-house accountants who are unable to adapt according to changing dynamics of the business and market. Understandably, they end up being inaccurate in their services. So, the presence of a team of payroll experts who provide these services to a large number of companies regularly is advisable because they are aware of the tricks of the trade. Thus, outsourcing of accounting services can help you race ahead of your competitors and keep the company finances in a healthy condition.
Checkout here 5 Major Reasons for Payroll Outsourcing |
| In present scenario laptops with SSD memory is preferred by the user’s because it delivers high write and read boost speed performance to data. SSD also called a flash drive or solid-state drive.
Like HDD, SSD memory is not having a moving part like an actuator. The HDD writes the data with magnetical function. And SSD writes data on flash chip memory which has a coating of silicon. An SSD drive needs only 100 microseconds to access data and HDD drives need 10000 seconds to access the data.
SSD Memory laptops use less power as compared to HDD memory laptops so it ensures that your laptop will get the high battery back up as compared to HDD memory laptops.
How To Find The Best SSD Laptops Deal?
bagittoday.com is the best online portal where you can find out the best SSD laptops deals under your budget. When buying a laptop various things you have consider like RAM, Storage, Processor, Display they provide you with the full guide for laptops purchasing on there site which helps you to find the best laptop for your work and fun.
Below are some best SSD memory laptops
1. Asus TUF FX504 Gaming Laptop
Comes with NVIDIA GeForce Graphics inbuilt for your perfect gaming sessions. And has 8 GB RAM with FHD display quality.
2. Asus S15 S510UN VivoBook Laptop
Comes with 256 GB SSD, 8 Gb RAM and 8th generation processor with FHD display unit.
3. Lenovo IdeaPad S340 Laptop
Comes with 512 SSD Memory, 8 Gb RAM and Intel I5 8th generation processor.
Checkout here More - 6 Best Premium Laptops in India 2020 |
| It’s all about making a statement with fashion today. With the craze of Instagram taking over the internet, your outfits give out a message of who you are a person. It is very hard to stay fashionable if you follow trends. One day it is in and another day it is out. Updating your wardrobe with each passing trend is getting impossible. So, what can be the answer to all the fashion worries? Inculcating timeless pieces everyday is the way to go. Well, throughout the history of fashion, leather has come a long way without losing its appeal.
It brings together any outfit. Leather slippers, which have been a tradition in India have come up in so many designs which, when chosen wisely, can be paired with any clothing piece, Indian or western. But genuine leather slippers can seem very expensive compared to the fast fashion industry. The question of whether the item is worth it or not generally pops up in the mind of the buyers. Let’s take a peek at the manufacturing process and analyse the cost of the making of leather slippers.
A lot goes into the manufacturing the leather slippers for men and women. The prices of leather in India vary according to the quality and specifications manufacturers ask for. Obtaining leather from the tanneries also involves checking them for even quality throughout. High-end manufacturers end up paying a hefty sum to the designers as well to obtain unique products. Leather slippers require a lot of attention and detail. They aren’t entirely machine made. A lot the work like embroideries in the women’s leather slippers and the finishing touches in the men’s leather slippers is done by hand which involve labour costs.
A simple pair of slippers with low-quality leather can end up being as much as 150 rupees per piece without the packaging and transportation cost. This amount is an estimate only for the manufacture of the slipper in the factory. These are usually used in rural households. With innovative designs, comfortable soles, and high-quality stitch work, a manufacturer can bear a cost anywhere around 500 upto 1500 rupees for a decent pair.
Depending on the quality of leather and where it has been obtained from, it can cost about 100-200 rupees per square foot. All of these exclude the packaging, transport and branding expenses. A lot of investment goes into these slippers because the machinery for leather is quite expensive and a lot of time is required for the returns to be turned into profit.
The price that the public ends up paying for the shoes is not a lot considering that leather slippers last very long and are durable even if they are used in rough conditions. They are also super comfortable on the feet and seldom give shoe bites. A lot of thought goes into making these slippers and the look of it is effortless and classy. If you have been thinking about investing in these slippers, they are worth the money. Go, give it a try.
Checkout Here more - How to Style Sandals for Winter?
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| Funds which cannot be utilised is one of the biggest nightmares for an investor. With unclaimed or unpaid funds going into the IEPF after seven years, claiming the shares or getting a refund can be a long and tedious process for common man, especially when in need. Sometimes heirs want to claim this who might not have any knowledge about the industry. A lot of risk factor is involved because according to the guidelines of the IEPF, only one form can be filed for one financial year against one aadhaar number and one company. One small mistake can end up costing the rejection of the form and the claimant has to wait for another financial year. Only a very small portion of the people can actually get their IEPF claim because a lot of forms get rejected at a later stage. The IEPF form-5 comes with an instruction kit. A lot of people avoid the instructions or do not read it carefully enough, which is why they make a lot of the mistakes leading to a rejection.
1. Not providing accurate Aadhar details in case of Indian residents or OCI or PIO No. in case of NRI or foreign residents can lead to rejection of the form.
2. The bank details should be correctly filled corresponding with enclosed cancelled cheque, failing which the form is liable to be rejected. In the case of Indian nationals, the bank account number must be Aadhaar linked.
3. One must be connected to a stable internet connection to use options like pre-fill and check form which can eliminate a lot of mistakes.
4. Some details in the form can be filled with the help of the pre-fill option, but the details must be cross verified for an error in the case of change of any details that might not have been updated in the server.
5. The check form button should be clicked after filling the e-form. The system performs form level validation like checking if all mandatory fields are filled. The system displays the errors and provides you an opportunity to correct errors. On prospering validations, a message is displayed “form level pre-scrutiny is successful”.
6. The form can also be rejected if data bank of the company does not find the name of the applicant as security holder, there’s a mismatch in folio no. or client ID, the signatures mismatch or if the documents are incomplete.
The process is quite complicated. There are a lot of things that a claimant has to get right. Usually, people seek help from untrained brokers and agents who can end up ruining the application. It is best to go to a well-trained professional who can guide you through the process.
IEPFclaim(https://iepfclaim.in/), India’s only IEPF claim advisors are here to save the day. The experts at IEPFClaim take care of all the complexities and assist investors to prepare all the documents accurately and guide them through the process, for effective results. It’s always best to leave it to the experts for a hassle-free experience.
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