Small businesses face unique payroll challenges due to their limited resources and staff. One of the most significant payroll challenges for small businesses in compliance with federal and state payroll regulations. Small business owners must keep up with changing laws and regulations related to payroll taxes, wage and hour laws, and employee benefits, which can be time-consuming and costly....
1. Rate of TDS deduction.
According to section 195(1), any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest other than interest referred to in section 194LB or section 194LC or section 194LD or any other sum chargeable under the provisions of this Act other than salary shall, at the time of credit or at the time of payment, whichever...
Every year an employer is obliged to deduct TDS from the salary payable by him to his employees. There are many practical difficulties faced by him in deducting TDS on estimated salary in determining the rate of TDS and estimated salary income on which such rate shall be applied. These difficulties are further increased due to amendments made by the authorities every year. Therefore an...
In today’s competitive job market, recruitment software is crucial in helping organizations find the right talent. Recruitment software is a powerful tool that helps organizations manage their recruitment process efficiently. It allows them to automate the process of finding, screening, and hiring the right candidate for the job. Not only does it save time and money, but it also ensures...
Running a small business can be challenging, especially when it comes to tracking employee time and productivity. That’s why many small businesses are turning to timesheet software for help. Timesheet software makes it easy for small businesses to track their employees’ hours, manage payroll, and optimize efficiency. With the right timesheet software, you can save time and money...
Employee expense claim and reimbursement software is a type of software that is used to manage the process of submitting, approving, and reimbursing expenses incurred by employees on behalf of their employer. This can include expenses such as travel, lodging, meals, and other business-related expenses.
The purpose of employee expense claim and reimbursement software is to automate the process...
Travel and expense management is essential for any business to succeed. It helps to ensure that the company’s finances are managed correctly and that employees can make the most of their travel opportunities. However, managing travel and expenses can be a daunting task. That’s why it’s important to have reliable travel management software in place. By using suitable software,...
Every assessee carrying on business shall get its accounts audited if certain conditions are fulfilled and the same is true in the case of stockbroker and/or sub-broker. The principles enumerated below are equally important for considering the account amount of sale in their profit and loss account.
Rules to consider a transaction as sale in case of stock broker / sub-broker
Share brokers,...
Performance management is an essential aspect of employee life. It can assess and improve performance, give feedback, identify training needs, and reward outstanding performance. Performance management helps employees achieve their goals by providing feedback on how they are performing in their job. It also gives employees a chance to review the company’s expectations for them and decide...
Employee self-service, commonly known as ESS, allows staff members to carry out numerous job-related tasks that were formerly done by the human resources division. ESS systems can increase productivity and provide employees more freedom. Understanding employee self service software can help you handle this crucial component of human capital management and comprehend the benefits whether...