As part of its response to the COVID-19 pandemic, the government has introduced the Coronavirus Job Retention Scheme. Employers eligibility: Any employer (of any size) is eligible for the scheme. This includes businesses, charities, recruitment agencies (if the agency workers are paid through PAYE) public authorities. To be eligible the employer must have created […]
In every organization accounting is a very intensive department. And nowadays lots of companies are outsourcing their accounting work to the other bookkeeping companies. Due to quality reasons and cost-effectiveness every company is outsourcing its bookkeeping. It’s good for every company if decides to hire a virtual bookkeeper. Outsourcing bookkeeping is not an easy task. […]
A month ago, no one had heard of COVID-19. And now, the entire world is harrowing under its influence. This outbreak has not only put an end to routine-day activities of people’s lives but has also altercated the way businesses operate. Restaurants are preparing to become a drive-through, cab drivers don’t have customers all day, […]
As we are concerned about the COVID-19 pandemic, we wanted to reach out and tell you how can we cope up with this situation? We believe that an organization can learn a lot from how companies worldwide have been coping with COVID-19. These coping practices include having smart policies around remote work; forecast and retrench operational […]
If you’re a tax agent and have clients within the scope of Making Tax Digital for VAT, then you’ll likely need an agent services account. As the agent services account is separate from the HMRC online services for agents account, this article explains what an agent services account is and how to create an account. When […]
Making Tax Digital for VAT is now in effect for most VAT-registered businesses. Part of the new regime is a requirement to keep and store digital records. What are digital records? In essence, the records you should keep for Making Tax Digital for VAT purposes are the same as those you would have kept as […]
Corona virus can cause illnesses such as the common cold, severe acute respiratory syndrome (SARS) and the Middle East respiratory syndrome (MERS). The infection is spread from one person to others via respiratory droplets produced from the airways, often during coughing or sneezing. Corona virus Signs and Symptoms:- COVID-19 may appear two to 14 days after exposure and […]
Mindspace Outsourcing Services Pvt. Ltd. has some great news to share! We have been recognized as one of the best accounting firms and overall business services providers by Clutch, leading ratings and reviews platform. “We are excited to be chosen as one of the leading accounting firms globally.” Kenny Kshitij Jain, FCA Co-Founder at Mindspace […]
Top 5 Accounting events in the UK for Accountants If you are looking to update your knowledge and want to know a new move-in Accounting than a better way to stay up to date attending Accounting events in UK, conferences, webinars, and workshops. We have listed the top accounting events that shouldn’t be missed […]
Future Trends In Accounting Behind every successful business, there’s an efficient Accountant. And that’s why the demand for permanent accountants is increasing day by day. From managing employees’ salaries to auditing, the accountant plays a vital role in a corporation. they’re liable for all the debits and credits of a corporation. In short, we will say that they’re one among the strongest pillars of a corporation. they should handle many tasks. To […]
Basics of Bookkeeping for Small Businesses Running your small business is a big task. Whether you have a big team or you are the sole operator, there are thousands of tasks that must be done to keep your business up & running. Bookkeeping is one of them. Bookkeeping is a task that no business can live without. […]
As a bookkeeper, you have to always update with new accounting platforms that are making accounting tasks simpler for us and for our customers and improving productivity and quality. Reaching the necessities of the customers should be a focus like guidance, support and long-term working relationship which is expected by our ambitious clients or business […]
If you’re spending more time as CBO (Chief Bookkeeping Officer) than CEO: Do you know that multitasking can be costing your business productivity? If you pay as much—or more—time handling your financial records, payroll, VAT, and other related accounting services as you do working with clients, it may be time to look into outsourcing your […]
Why outsource to Bookkeeping firms a good idea? Outsource bookkeeping firms will be best for small and mid-size businesses. If anyone has their own business, he should know it’s more than just the cost of hiring or their salaries, but also the additional costs of just having an employee. Building a bookkeeping/accounting team for a […]
We generally read about the benefits of outsourcing bookkeeping, why we should be outsourcing our accounting services and many more articles and blogs like this. But now, outsourcing has become a usual solution for every small and mid-size business because outsourcing is a cost-saving option. So, we will talk about when there is no need to […]