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COVID-19 Impacts on Accounting Industry in US
  • Posted by Saurabh Bhardwaj
  • On June 26, 2020
  • 0 Comments
  • accounting firms, accounting outsourcing, accounting services, bookkeeping and accounting outsourcing, bookkeeping outsourcing, payroll accounting services, quickbook accounting services, remote accounting, tax preparations, US accounting services, virtual bookkeeping firm, wave
COVID-19 has left the very foundations of global financial markets in a state of recession. The effects of this epidemic are increasing day by day and the undisclosed arrival of the Corona outbreak has caused major losses to small accounting firms. At Mindspace US we provide accounting and outsourcing bookkeeping services for accountants. So today […]
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Virtual Accounting Department for Small Businesses
  • Posted by Saurabh Bhardwaj
  • On June 12, 2020
  • 0 Comments
  • accounting, accounting firms, accounting firms usa, accounting outsourcing, bookkeeping and accounting outsourcing, payroll outsourcing services, quickbook accounting, quickbook accounting services, remote accounting, tax preparations, US accounting services, USA accounting, virtual bookkeeping firm
Virtual accounting departments are difficult to set up because of the logistics of obtaining and then returning the receipts of the departments you are trying to provide services for. In traditional accounting companies, you would have a drop and a physical location where companies and the organisations can deposit their receipts on a weekly and […]
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How to file the 1099 Tax Form
  • Posted by Saurabh Bhardwaj
  • On May 22, 2020
  • 0 Comments
  • bookkeeping and accounting outsourcing, bookkeeping india, payroll outsourcing services, quickbook accounting, quickbook accounting services, remote accounting, tax preparations, USA accounting
  1099 Form: There isn’t one “1099 tax form” – there are many various sorts of forms under the 1099 umbrella. this type is for reporting income made as a non-employee, for income made up of a one-time work event; money earned from self-employment. It doesn’t mean you owe tax on the cash, rather it’s […]
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Canada Emergency Wage Subsidy for Small Business
  • Posted by Saurabh Bhardwaj
  • On May 14, 2020
  • 0 Comments
  • accounting firms, accounting services, bookkeeping, bookkeeping and accounting outsourcing, canada, canada bookkeeping, online bookkeeping, payroll outsourcing, small businesses relief, US accounting services, virtual bookkeeping firm
  The Canada Emergency Wage Subsidy (CEWS) supports employers that are hardest hit by the pandemic, and protect the roles Canadians depend upon. The subsidy generally covers 75% of an employee’s wages – up to $847 per week – for employers of all sizes and across all sectors who have suffered a drop in gross […]
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Best Accounting Software to Grow Your Business
  • Posted by Saurabh Bhardwaj
  • On May 11, 2020
  • 0 Comments
  • accounting, accounting firms, accounting firms usa, accounting outsourcing, bookkeeping, bookkeeping and accounting outsourcing, bookkeeping india, bookkeeping outsourcing
  Accounts and accountants have been strong pillars supporting the business since the beginning of time. However, as time progresses, accounting systems are also changing. The way of working of accountants has changed in today’s technological age. Sitting in one room, being surrounded by books, bills, bank statements, etc. and manually calculating them throughout the […]
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How can you get good tax preparer for you and your company
  • Posted by Saurabh Bhardwaj
  • On April 16, 2020
  • 0 Comments
  • accounting, accounting outsourcing, bookkeeping, bookkeeping and accounting outsourcing, bookkeeping outsourcing, bookkeeping services, outsource bookkeeping agency
  It is not necessary that you hire a tax accountant only when you are rich or own your own business. You may have to prepare your own taxes, or it may be too stressful or confusing for you, or you may face problems such as filing taxes, paying tax debt, or fighting an IRS […]
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Why should an accountant keep away from bookkeeping?
  • Posted by Himanshi Sharma
  • On March 19, 2020
  • 0 Comments
  • bookkeeping, bookkeeping and accounting outsourcing, bookkeeping outsourcing, bookkeeping services
Accountants and bookkeepers are different and they play different financial duties. Bookkeepers manage your ledger and make sure that your accounts balance every day/ every week/ every month or not. Actually accountants are tax experts and they provide you high level of understanding into your business.   That’s why you shouldn’t ask your accountant to […]
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Guide to Choose a Bookkeeping Outsourcing Team
  • Posted by Himanshi Sharma
  • On November 7, 2019
  • 0 Comments
  • bookkeeping and accounting outsourcing, outsource bookkeeping, outsource bookkeeping agency, outsource bookkeeping services, outsourced accounting
Recognize your strengths and your weaknesses The first step to outsourcing is to recognize where you need help in your business and to distinguish which tasks are draining your time, so that your time can be used much more effectively doing something else. Before you go for every single bookkeeping and accounting outsourcing task that […]
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