Employee Stock Option Plan – What Is It? How Does It Work?

Employee Stock Option Plan

Employee Stock Option Plan – What Is It? How Does It Work? Employee stock option plans allow companies to attract top talent by offering attractive incentives. They also provide an opportunity for employees to invest in their employer. This article explains how an employee stock option scheme works and what benefits it has for both employers and employees. Employees who work for a company with an ESOP will receive shares as part of their compensation package. These shares are usually granted at a

What is Dematerialization of Shares? A Complete Guide

Dematerialization of Shares

What is Dematerialization of Shares? A Complete Guide A company’s shares are dematerialized when the shares are converted into electronic form. This is done to make the shares more manageable, easier to track, and reduce the number of shares on board. In addition, dematerialization makes it easier to trade shares and raises liquidity. Finally, it allows shareholders to sell shares without having to share information such as their holdings and contact details. So what is the dematerialization of shares and why

5 Reasons Why You Should Outsource Your Accounting Work

Reasons to outsource your accounting work

5 Reasons Why You Should Outsource Your Accounting Work Introduction to Outsourcing Your Accounting As a business owner, you have a lot on your plate. You are responsible for making sure that all aspects of your business are running smoothly and efficiently. This can be a lot to handle, especially if you are also trying to grow your business. One area that you may not have the time or expertise to handle is your business’s accounting and financial needs.

Benefits of Payroll Services for Startups or Small Businesses

Benefits of Payroll Services for Startups & Small Businesses

Benefits of Payroll Services for Startups or Small Businesses Introduction to Payroll Services The success of any business organization, big or small, lies in its people management processes. The payroll function is a critical people management process as it deals with the most important asset of any organization – its employees. Payroll management involves a number of activities such as the calculation of employee salaries, employee benefits, payroll taxes, and compliance with government regulations. It is a complex and

E-Invoicing and its Implications under GST (Goods and Services Tax Act 2017)

E-Invoicing and its Implications under GST

E-Invoicing and its Implications under GST (Goods and Services Tax Act 2017) E-invoicing With effect from 1st October 2022, CBIC has notified that e-invoicing shall be mandatory for all assesses having turnover more than 10 crores in any financial year from 2017-18 to 2021-22. The aggregate turnover will include the turnover of all GSTIN under a single PAN across India. If the turnover in the last FY was below the threshold limit but it increased beyond the threshold limit in the current year, then

Why Business Owners Should Outsource Bookkeeping And Accounting Services?

Business Owners Should Outsource Bookkeeping And Accounting Services

Why Business Owners Should Outsource Bookkeeping And Accounting Services? Introduction to Outsourced Bookkeeping & Accounting Services If you’re a business owner, you know that time is money. You also know that being organized and efficient can make all the difference when it comes to running your business. That’s why it’s important for bookkeeping and accounting services to be outsourced. Here are some reasons why: 1. Outsourcing is an Effective Strategy Outsourcing your bookkeeping and accounting services is an effective strategy for business owners. The

Internal Financial Control Over Financial Reporting

Internal Financial Control Over Financial Reporting

Internal Financial Control Over Financial Reporting Background Under Section 143(3)(i) of the Companies Act, 2013 (2013 Act), an auditor of a company is required to state in his/her audit report whether the company has an adequate internal financial controls (IFC) system in place and the operating effectiveness of such controls. Explanation to Section 134(5)(e) of the 2013 Act defines IFC to include policies and procedures adopted by the company for ensuring orderly and efficient conduct of its business,

Commonly Faced Challenges During Remote Recruitment

Challenges Faced During Remote Recruitment

Commonly Faced Challenges During Remote Recruitment Most companies have now accepted the “home office” as an extended permanent place of work for their employees. Such companies have started to rely on communication and teleconferencing software to quickly exchange information and arrange and hold meetings to do business. Remote hiring is now a part of the organizational future. Yet, hiring managers believe that the remote hiring process can be tough and overwhelming in the long run. Some of the

Remote Work Culture

remote work culture

Remote Work Culture Most companies with open work culture are starting to realize the opportunity that remote working presents. It’s no longer necessary for employees to be “in the office” from 9-5, but rather are able to work from the comfort of their own homes or a remote site. Having said this, many leaders have also expressed their concerns about this shift from “in the office” affecting employee interaction, morale and overall engagement with senior team impacting the bottom line as well

How to Implement Accounting Dashboards?

How to Implement Accounting Dashboard

How to Implement Accounting Dashboard? An Accounting Dashboard (AD) is a powerful digital tool for business intelligence on accounting data. The best Accounting Dashboards let accounting and finance professionals save time by tracking key KPIs, reducing massive, real-time data down to vital insights at a glance, and customizing reports for an instant, robust financial understanding. With the right Accounting Dashboards in place, the Finance Manager can see revenue, costs, profit, loss, and many other guiding stars laid out at the fingertips