Blog – Mindspace

Selling to EU customers and VAT one-stop-shop

Posted by Saurabh Bhardwaj
On February 17, 2021
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With the advent of Brexit, there has been a complicated system to seek EU consumers in the market. Various delays are happening in the market by the way of extra shipping charges. There has been a sea of problems flowing out in the market along with the going off the trade. The need of the […]

How the TCJA benefits parents, who employ kids?

Posted by Saurabh Bhardwaj
On February 6, 2021
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accounting, accounting firms, accounting firms usa, accounting in US, accounting outsourcing, accounting services, bookkeeping services, outsource bookkeeping agency, quickbook accounting, tax preparations

Out of the many acts and regimes defined by the government in recent times, the one that is gathering positive feedback from small business owners all across the country is the Tax Cuts and Job Act. Why? Because of their unanimous decision to support small job owners who are employing their kids through a tax […]

What is preference payment ?

Posted by Saurabh Bhardwaj
On January 22, 2021
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accounting, accounting firms, accounting firms usa, accounting in US, accounting outsourcing, accounting services, cpa, cpa accounting, outsourcing bookkeeping services, quickbook accounting services, quickbooks, remote accounting, virtual bookkeeping firm

What is a Preference Payment? The most effective method to Understand An Insolvency Preference Payment Transaction Straightforward Example To Demonstrate What Is A Preference Payment What is a Preference Payment? Envision you are a Mr. D (Director of XYZ Limited (“the Company”) and you are additionally the primary investors. You have loaned the Company £25,000 […]

The worst mistake an accountant can make and how to avoid it

Posted by Saurabh Bhardwaj
On January 19, 2021
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accounting, accounting firms, accounting firms in la, accounting firms usa, accounting in US, accounting outsourcing, accounts, bookkeeping, los angeles accounting, tax consultant los angeles, tax preparations, US accounting services, USA accounting

No doubt, just like normal humans, even accountants can make some errors at the time. But it’s all okay as all mistakes can be avoided with proper care. When you avoid errors, you can truly grow. Accounting errors do happen, but with appropriate planning and preparation, you can indeed prevent them. All of us […]

Tax support for accountants

Posted by Saurabh Bhardwaj
On January 14, 2021
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accounting, accounting firms, accounting firms usa, accounting outsourcing, bookkeeping india, outsourcing, outsourcing bookkeeping services, quickbook accounting services, remote accounting, US accounting services, virtual bookkeeping firm

All of us know that it is not easy to file taxes and that, too, without the help of proper software, it becomes too much. Above all, in today’s market, we have many choices available, so the confusion is which software to use. No doubt, all products have their own pros and cons, but with […]

Common tax mistakes that business owners make

Posted by Saurabh Bhardwaj
On January 9, 2021
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accounting, accounting firms, accounting firms usa, accounting in US, bookkeeping india, outsource bookkeeping agency, outsourcing bookkeeping services, payroll accounting services, quickbook accounting, quickbook accounting services, remote accounting, tax preparations, virtual bookkeeping firm

Nothing is surprising to know that it requires a lot of details and attention to both starts and run a business. It would be best if you had an eye for more information when it comes to filing your returns. For entrepreneurs, taxes are a joint pain for business people. It is because tax […]

Hiring Vital Accountants

Posted by Saurabh Bhardwaj
On December 31, 2020
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accounting, accounting firms, accounting firms usa, accounting in US, accounting outsourcing, accounting services, accounts, bookkeeping, bookkeeping and accounting outsourcing, bookkeeping in xero, bookkeeping india, bookkeeping outsourcing, bookkeeping services, canada, canada bookkeeping, cpa accounting, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm

It is relatively easy to see a plethora of benefits, which you are most likely to know when you choose to hire a business accountant. The best part about a business accountant is that it will help you in saving financial tasks on a regular basis, but you can also into the skills that are […]

Stimulus Bill Passes House and Senate

Posted by Saurabh Bhardwaj
On December 24, 2020
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accounting firms, accounting firms usa, accounting in US, bookkeeping in xero, cpa accounting, outsource bookkeeping agency, outsourcing services, payroll outsourcing, payroll outsourcing accounting services, quickbook accounting services, US accounting services, virtual bookkeeping firm

The following is an outline of the stimulus bill as it passed the House and Senate on December 21, 2020. Changes to current PPP: Costs paid with PPP assets would now be able to be deducted from your 2020 assessments. This is a finished inversion of the IRS direction gave a month ago. It invites […]

New Technologies are creating a new CPA

Posted by Saurabh Bhardwaj
On November 20, 2020
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accounting, accounting firms, accounting firms usa, accounting in US, accounting services, bookkeeping, bookkeeping services

There was a time when we had to have a dime or a quarter to call someone while we were running errands. Additionally, we had to walk into a library, pull a card out from the card catalog, and take it to the librarian’s desk to ensure the book was in the building. Additionally, we […]

Taxation of Digital Economy

Posted by Saurabh Bhardwaj
On November 11, 2020
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accounting, accounting firms, accounting firms usa, accounting in US, accounting outsourcing, accounting services, bookkeeping outsourcing, canada bookkeeping, cpa, online bookkeeping, outsource bookkeeping agency, outsourced bookkeeping services, outsourcing bookkeeping services, virtual bookkeeping firm

No doubt, there is a widespread view that the international tax system needs reform to address the digitalization of the global economy, but it is not universal yet. On the particular subject, both OECD and the EU publish papers, and have released proposals subsequently with regards to allocating profits to various countries under which the […]

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