Latest Event Updates

Can you afford an accountant? Who, what and why?

Posted on Updated on

Finding An Better Accounting Solution For Small Businesses

When any small business owner hears the word, “accounting,” they more than likely associate that with an accountant and probably assume they’re just number crunchers. However, accountants are more than just the people who deal with numbers, and they can have a positive impact on your business. Throughout your company’s growth, it’s important to determine the accounting solutions that will help your business succeed. Whether you need assistance with outlining the company’s formation, applying for a loan, or help with a tax audit, an accountant is there to make those potential steps infinitely easier.

Do You Need To Hire An Accountant?

According to Mark Koziel of the American Institute of Certified Public Accountants, determining whether or not you need to find a new accounting solution all depends on the size of your company. “If you’re a small business owner, and you find yourself sitting in front of Quick-books wondering where to begin, that’s a good indication that it’s time to find someone knowledgeable.”

What An Accountant Can Do For Your Business

When you own a small business, even a start-up, it’s crucial that you hire an accountant that has experience in dealing with smaller companies. Some of the accounting solutions that an account can provide for you small business include:

  • Tax Planning Rather than simply preparing and organizing your tax returns, a good account will remain involved throughout any of the planning stages. They can provide advice with choosing a business entity, negotiating leases, determining whether you apply for a 179D tax deduction, and updating your current bookkeeping system.
  • Business Planning and Organizing à Any well versed accountant will naturally take on the role of a business consultant. Whether you have problems with inventory pricing, internal controls, or a slow income, an accountant can provide the proper advice in a way that makes sense to you, ultimately giving you a better understanding on how to positively run your business.
  • Personal Tax Planning If you’re a small business owner who is having accounting troubles, they’re most likely caused by your personal tax issues. Therefore, hiring an accountant can only benefit both your business as well as your personal life such as setting up a retirement plan that ensures you can take care of yourself and your family when you’re ready to retire.
  • Business Referrals If you hire an accountant, there’s a very likely chance that they’ll be able to refer you to some of their other clients who may be looking to invest in a start-up company, or a per-existing small business. These potential referrals can include, but are not limited to attorneys, bankers, and insurance brokers.

In order to find a better accounting solution for your business, you’ll want to hire someone who can properly explain to you your company’s legal structure, write a proper business plan, tell you when to delegate, and help with your finances. The best answer to solving all those problems would be to hire an experienced accountant that has worked with other small businesses. Know what you’re getting into: Anything from Hot Melt Equipment companies like http://www.universalsystemsse.com  to Carpet Cleaners to Plastic Surgeons can benefit, so employ someone organized that you can trust.

Advertisements

Recruitment and Selection process

Posted on Updated on

Recruitment and Selection process for any organization is a very important process and begins with the recruitment and ends with the orientation program for the recruits. The lofty standards are maintained while hiring too and our process is a combination of the following:

Bio Data form filling

Written Test (verbal abilities, reasoning and analytical skills)

Group Discussion

Personal Interview

Once selected the candidate goes through a “training” period of 6 months where both the candidate and the organization get to know each other. There are assignments and reflective events designed to help the candidate maximize his/her learning as well as understand the culture and climate of the organization.

What is Payroll?

Posted on Updated on

Payroll is the total amount of money paid by a business to its employees over a set amount of time. Or The distribution of paychecks (physical or electronic) to employees each payday, as in “I finished doing payroll yesterday.” Or The financial records for employee wages/salaries, withholding, deductions, bonuses, pay for time not worked (holidays, vacations, sick time, etc.) and other items on employee paychecks.

What Are Payroll Taxes?

Any tax levied by a government agency on employees’ wages, tips, and other compensation. The amounts withheld by employers from employees’ pay for federal income, social security, and Medicare taxes are considered as trust fund taxes. They are referred to as trust fund taxes because the money is held in a special trust fund for the U.S. government. Amounts withheld for state and local income taxes are held in trust for the state or local government.

Employer  Responsibilities

Reporting and depositing payroll taxes to the appropriate agency in an accurate and timely manner is vital to your business. Late or inaccurate deposits may result in penalties and interest charges. These complex payroll tax requirements may seem intimidating but by learning a few simple concepts, you will be able to understand your payroll responsibilities and choose the best method for meeting them.

Recruitment and Selection process

Posted on Updated on

Recruitment and Selection process for any organization is a very important process and begins with the recruitment and ends with the orientation program for the recruits. The lofty standards are maintained while hiring too and our process is a combination of the following:

Bio Data form filling

Written Test (verbal abilities, reasoning and analytical skills)

Group Discussion

Personal Interview

Once selected the candidate goes through a “training” period of 6 months where both the candidate and the organization get to know each other. There are assignments and reflective events designed to help the candidate maximize his/her learning as well as understand the culture and climate of the organization.

HR Management

Posted on Updated on

HR Professional this day to day management can be achieved through a few clicks of the mouse, there are following management which each hr persone need to perfom
• Employee information and post management
• Absence management
• Recruitment administration
• Training course management
• Education and qualifications
• Management reporting
• Payroll integration
• Employee self-service with approval workflows and manager access

HR Policies

Posted on Updated on

HR Policies cannot anticipate every situation about every business it may change accoring to situvation, but there are few general hr policy which is followed by almost employer

Probationary Period

The probationary period is intended to give new employees the opportunity to demonstrate their ability to achieve a satisfactory level of performance and to determine whether the new position meets their expectations. The company uses this period to evaluate employee capabilities, work habits, and overall performance. Either the employee or the company may end the employment relationship at will at any time during or after the probationary period, with or without cause or advance notice.

Performance Evaluations and Compensation

Performance evaluations are conducted at the end of an employee’s probationary period, to discuss job responsibilities, standards, and performance requirements. Additional formal performance reviews are conducted to provide both the company and employees the opportunity to discuss job tasks, identify and correct performance deficiencies, encourage and recognize strengths, and discuss positive, purposeful approaches for meeting goals.

Benefits

Employees who have passed their probationary period are provided the following benefits. A number of the programs (such as Social Security, workers’ compensation, state disability, and unemployment insurance) cover all employees in the manner

Vacation

Vacation time-off with pay is available to employees to provide opportunities for rest, relaxation, and personal pursuits. The amount of paid vacation time an employee receives each calendar year will be communicated at the beginning of the calendar year.

 

Sick Leave

Sick time-off may be either paid or unpaid and will be granted solely at the discretion of the company. Sick leave is not automatic and will be granted only when absences are due to personal, legitimate illness or injury. Sick leave cannot be used for work related injuries–those are handled under Workers’ Compensation state laws.

 

HR Advisor

Posted on Updated on

HR Advisor is responsible for assisting with employee relations cases including performance management, absence management, TUPE, restructuring and redundancies along with other generalist duties such as employee inductions. This is a fantastic opportunity for you to gain further experience of ER cases in a fast paced environment.

HR Advisor responsibilities:

* Providing advice and leading on ER related matters such as Disciplinary, Grievances, Performance Management and Absence Management

* Liaising with Trade Unions.

* Managing and coordinating employee inductions and looking at ways to improve this process.

* Coaching line managers on HR policy and procedure.

* Assisting with the recruitment process by coaching line managers and writing job descriptions.

HR Advisor requirements:

* Proven experience leading on ER casework is essential.

* Candidates must be able to demonstrate strong UK employment law knowledge.

* Exceptional communication skills.

* Ideally a CIPD qualification.