Abhishek Shrivastav's Blog (19)

Incorporation requirements for MNC's in India

With the ease in Foreign Direct Investment (FDI) rules, India has become one of the most attractive destinations for foreign investment. As per the Commerce and Industry Ministry of India the FDI inflows were about $60.08 billion in 2016- 17 which is an overall record…

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Added by Abhishek Shrivastav on September 22, 2017 at 11:43am — No Comments

Outsourcing Bookkeeping can help you concentrate on core business





A recent survey has revealed that about 68% of companies have seen a sudden increase in productivity after the bookkeeping services have been outsourced. By outsourcing bookkeeping services, the finance and accounts manager apart from the management can remove a huge and unwanted burden from their head and can…

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Added by Abhishek Shrivastav on August 21, 2017 at 5:48pm — No Comments

4 Ways You Can Take Control of Your Business

As an entrepreneur, you always want to be in complete control of your business. Sales, Finance & Operations are functions which take up bulk of your time. But things can be a lot simpler, if you have experts on hand to advise you about the right path…

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Added by Abhishek Shrivastav on July 4, 2017 at 12:59pm — No Comments

GST Rates Finalised! - Check how your Favourite Items are Being Taxed







There is a lot of Talk regarding GST, many are still confused regarding the applicable rates on various Commodities. So, I have Compiled this quick ready reckoner for your reference.

According to GST slabs, 7 per cent of the items fall under the exempt list while 14 per cent have…

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Added by Abhishek Shrivastav on June 12, 2017 at 2:30pm — 1 Comment

Get rid of payroll issues: Know how?



The core objective of businesses is to generate revenues and profits, but they often get bogged down by several administrative processes involved. One such process, which is critical yet very cumbersome and time consuming is payroll processing. Payroll processing involves tedious and…

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Added by Abhishek Shrivastav on May 23, 2017 at 4:25pm — No Comments

5 common myths about payroll outsourcing



As organizations chart their growth plans, they decide to outsource several of their functions. One of the functions that definitely makes sense to be outsourced is payroll.  Still, some firms hesitate to outsource because they have different perceptions about it.  This is partly due…

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Added by Abhishek Shrivastav on May 2, 2017 at 3:01pm — No Comments

What does it take to streamline your accounts function?

Not everybody is able to start a business on their own. As an entrepreneur, you have already taken the bold step and based on your business idea, are already running a business. Most entrepreneurs and owners across small businesses typically start with running…

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Added by Abhishek Shrivastav on January 10, 2017 at 3:06pm — 1 Comment

Importance of confidentiality in payroll

Confidentiality of payroll data is critical but at times it proves to be difficult to maintain it. Many companies take extra care to ensure the payroll information of their employees stays confidential and do not loose quality man-force to competitor.

A leak in payroll…

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Added by Abhishek Shrivastav on October 19, 2016 at 7:03pm — No Comments

When is the right time to switch your payroll service provider?

Once an organisation starts working with a payroll services provider, it seems too daunting to think of changing the vendor. It is common to face questions like ‘who will go through all the implementation and training cycles again with the new vendor?’. But does that…

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Added by Abhishek Shrivastav on September 27, 2016 at 12:03pm — No Comments

Are you aware of the real costs of running in-house payroll?

Entrepreneurs and owners across small businesses typically start with running most functions in-house. It is common to see these businesses hire 1-2 persons within the accounts team, who double up as people who will manage the payroll function. However, as the organization grows, this starts creating multiple challenges. Through this post, based on my experience, I am highlighting the various challenges and the real costs associated with them. I also talk about the approach taken by some of…

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Added by Abhishek Shrivastav on September 12, 2016 at 4:02pm — No Comments

The Smart way to save Income Tax leveraging NPS

NPS (National Pension Scheme) is one of the pre-defined contribution pension systems, operated by the government of India. When we talk about NPS (National Pension Scheme), the first thing that comes to mind is retirement plans or pension schemes. However, there is certainly more to it than just that. There are several benefits that you can enjoy, both as an individual or as a corporate, while you invest in NPS. …

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Added by Abhishek Shrivastav on August 22, 2016 at 10:32am — No Comments

6 common payroll issues that you should avoid

Across several organizations that we begin to work with, here are some of the common payroll issues that they have run into in the past. Let’s also talk about how to take care of them

  1.  Considering updated tax declarations

We all know that deducting…

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Added by Abhishek Shrivastav on August 3, 2016 at 1:08pm — No Comments

5 Reasons why it makes sense to outsource Accounting Operations

Managing accounts and all the compliances involved can become quite a handful. If you want to focus your attention back to growing your business, it is time you outsourced your accounting operations. Besides getting rid of all the hassles, that come along with managing book-keeping and accounting, there are…

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Added by Abhishek Shrivastav on July 28, 2016 at 4:42pm — No Comments

What issues keep HR busy and how you can free them up?

HR teams across organizations may be buzzing with activity, but any guess, how much of the work they are putting in is towards core employee engagement. If you dig in a bit deeper, you will realize that most part of the work could be unproductive and manual data entry oriented.…

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Added by Abhishek Shrivastav on July 15, 2016 at 3:13pm — No Comments

Things to Consider While Selecting a Business Entity

When making a decision about the type of business entity, there are several criteria you need to evaluate. Following are some areas to consider while making a choice about the business entity

  1. Legal liability – To what extent does the owner need to be insulated from legal…
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Added by Abhishek Shrivastav on June 28, 2016 at 3:19pm — 2 Comments

Selecting Type of Company Formation

One of the most important choices you make when starting a business is the type of legal structure you select for your company.

This decision in a way decides how much you pay in taxes, the amount of paperwork your business is required to do, the personal liability you face and…

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Added by Abhishek Shrivastav on June 22, 2016 at 12:16pm — No Comments

Salary structure for start-ups & SMEs

Entrepreneurship is a great feeling for many. The shear thought of moving from a salaried employee to an employer and getting to make a difference in employees lives is a great feeling. To achieve your growth objectives as a company, it is important that you are able to attract the…

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Added by Abhishek Shrivastav on June 16, 2016 at 2:05pm — No Comments

5 must-have qualities for your accounting services provider

As entrepreneurs, we are always used to do multi-tasking, but when it comes to managing your accounts, it is best to engage with experts, as it can get very cumbersome and messy. Not complying with the regulations and even minor oversights can have serious…

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Added by Abhishek Shrivastav on May 31, 2016 at 4:20pm — No Comments

Ways for SMEs to deal with compliance challenges

Companies need to operate and comply with the govt. tax regulations/frameworks in which they operate. For e.g. companies, depending on their size and nature of business may need to pay sales tax, VAT, Profession Tax, Provident Fund, Income Tax, Service tax etc. The…

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Added by Abhishek Shrivastav on May 31, 2016 at 4:00pm — No Comments

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