Author: Yash Thaker

Why Tax Compliance Services?   Why Tax Compliance Services? –Tax compliance refers to taxpayers’ decision to comply with tax laws and regulations by paying tax timely and accurately. A higher rate of tax compliance could maintain healthier public finance without imposing a tax burden. Taxation plays an essential role in financing public expenditures through income distribution. […]

Benefits of Outsourcing Payroll Benefits of Outsourcing Payroll – Payroll processing is a process in which businesses hire an external firm to manage all payroll functions. This helps them save time, money, and effort. Outsourced payroll solutions provide increased accuracy when compared to in-house payroll management. This frees up both time and resources allowing businesses […]

Why Virtual assistants are important? Virtual assistants are important as you get access to people with work experience in a wide variety of administrative tasks. They do all the work from managing your schedule, tasks, meeting, etc. As your business grows, your responsibilities grow as well. Your virtual assistant will handle the manual jobs for […]

What Is Outsourcing? The term outsourcing comes from the phrase “outside resourcing”, which originated in 1981. Outsource is an arrangement in which a company contracts a service bureau to be responsible for a planned or existing activity that is or can be done internally. It can sometimes also involve the transfer of employees and/or assets […]

What Is Financial Reporting? Financial Reporting refers to make formal records of financial activities and the position of a business, person, or other entities. In this, the relevant information is presented in a basic manner that is easy to understand. It includes four basic financial statements and a management discussion and inquiry. The four statements […]

Why Should You Outsource Your Bookkeeping? Why Should You Outsource Your Bookkeeping? Bookkeeping is an essential part of every business and a good bookkeeper is even more important. Everyone needs a trustworthy person to do the job as well as someone who knows what they are doing so the owner does not need to waste […]

What Is Artificial Intelligence? Artificial Intelligence(AI) is intelligence demonstrated by machines. It allows them to learn from experience and apply what they know to perform tasks, make adjustments and interpret information. In the finance and accounting industry, it helps professionals by freeing them of their manual tasks. Role Of Artificial Intelligence In Accounting The role […]

Time Limit For Paying Employees How Can An Employee Be Paid? Time Limit For Paying Employees: Employment comes with the expectation that as an employee, you will get paid. When entering any form of work, be it as an at-will employee or a contractor, one of the main issues to contend with is the amount, […]

Can we invest in Cryptocurrency in SMSF? Wondering if a self-managed superannuation fund Can we invest in Cryptocurrency in SMSF or not? The answer is “yes!” SMSF can invest in digital currencies in the same way they can in other assets such as property or shares, etc. The same rules apply to cryptocurrency as for […]

Is outsourcing an opportunity? Outsourcing is a way of reducing work for a company. Large companies tend to cut their cost as much as possible. It is a popular way for large businesses to manage workflows and costs more efficiently. But Is outsourcing an opportunity? Yes, Outsourcing an opportunity for both parties involved. Companies get […]

Ways of achieving the best practice payroll Payroll is a very integral part of a company. Especially in a global pandemic, It’s important for businesses to look after their employees. This will only add to the duties of HR and finance functions. That’s why OrangeIQ follows five steps to Ways of achieving the best practice […]

SMSF Bring Forward Rule 2021 What is the SMSF bring forward rule?  This rule allows those under the age of sixty-five to make up to three years worth of non-concessional (after-tax) contributions to their super in a single income year. According to the ATO, you can put up to three times the current $100,000 annual […]