Tag Archives: #recruitment

Financial Terms that every business owner should know and understand

As a business owner there are a few financial terms you need to know in order to understand your finances.I am going to break them down and explain them in plain English. Because jargon is no fun at all, and really, they aren’t difficult to understand. 1. Gross Income Gross income is the amount ofContinue reading “Financial Terms that every business owner should know and understand”

The benefits of outsourcing Bookkeeping and Accounting functions in your business.

1. Cost Savings– To succeed in business, accurate and timely financial records are vital. They can help you determine if the business is making money or losing it. Your financial records indicate if your business is financially sound or if adjustments need to be made. Outsourcing your bookkeeping can improve both the accuracy of yourContinue reading “The benefits of outsourcing Bookkeeping and Accounting functions in your business.”

EMPLOYER PAYROLL GUIDE

The main objective of a dedicated Payroll function in any organization is the satisfaction of people getting their paychecks on time, with the correct calculations. What is the function of a payroll department? Payroll professionals manage employees’ financial data and are typically responsible for processing paychecks and other payments, keeping time records, and handling anyContinue reading “EMPLOYER PAYROLL GUIDE”

How to account for your taxes as a small business

Business tax returns can be complicated, and they vary based on the business structure. Running a small business often requires you to perform a wide variety of tasks you might not have to perform at a large business, one of which is filing small-business taxes. A business is a Provisional Tax payer thus income taxesContinue reading “How to account for your taxes as a small business”

PAYROLL TECHNICALITIES FROM AN EMPLOYER AND EMPLOYEE PERSPECTIVE

I am writing this blog at the right time where many employers are already in the middle of preparing their monthly payroll run. The objective of the blog is to breakdown the distinctive features of payroll from an employer and employee perspective. 1. EMPLOYEE – as an employee you do not worry much about theContinue reading “PAYROLL TECHNICALITIES FROM AN EMPLOYER AND EMPLOYEE PERSPECTIVE”