Running a business is a challenging endeavor. There are a wide array of several different factors that you need to put into account when you are someone who is running a company. When it comes to running a business, there will come a time where you will need to hire help from corporate services. If you are looking to hire corporate services, here are some considerations that you need to keep in mind before you choose a corporate service:

Services Offered

corporate meeting

When it comes to finding a corporate service to hire you in helping you with your business or startups, you need to know whether or not they can provide you with the services you need. One of the most important things that you need to consider when you are choosing a company providing you with corporate assistance is the range of services that they offer.

If you need services to help you with company formation in Singapore, then you should look for ones that provide incorporation services. Other services that you should consider are accounting, payroll, tax filing, company secretary, and others.

On top of that, you also need to know about their customer support services. Since business never rests, you need to make sure that they will focus on you and be there when you need them.

Fees and Rates

When it comes to business, it’s all about the money. One of the most vital things that you need to ask before hiring any corporate services is how much do they charge.

Fees will vary. However, you will notice that among companies that offer a similar level of service, their rates won’t be far off. Pay attention to any hidden or extra fees. Make sure that you get the best value for your money. Don’t just look at the rates, but you should also look at what you are getting from what you are paying.

Credibility and Reputation

thumbs up

Last but certainly not least, it is critical that you choose corporate services with an excellent reputation and credibility. Trust is the essence of successful business cooperations. That is the reason why you need to be able to trust your corporate service provider by looking into their reputation and credibility.

When it comes to reputation, excellent reviews will mostly indicate a great prominence. Find out about their customer’s experiences to know what you will be getting from them. When it comes to the credibility of corporate services, you would want to find out about the accreditation of the firm and their professionals. Make sure that they are registered and certified by the primary bodies.…

Read More →

In this digital era, establishing a business has become easier than ever. The technology development has made its way to the financial industry. Artificial Intelligence (AI), cloud computing, and big data analysis have all turned marketing and accounting into something that was not possible to imagine a decade ago. However, relying on the tech alone will not guarantee that your company can become an efficient profit machine.

In this article, we will explore further about finance tips and tricks that integrate both technology and old-school finance savvy. Our goal is to enlighten you with practical ideas that you can directly apply after you read them.

Utilizing the POS (Point of Sale System)

finance softwarePoint of Sale System is an integrated network system that allows you to monitor your inventory levels in almost a real time. This system is a necessity if your business is a manufacturing or retail company because inventory management is supposed to be your basis to take any sales decision.

The three common features of a POS system are accounting modules, general ledgers, account receivables, account payables, purchases, and inventory control. Integrating your business with POS will make the task of case-flow monitoring fast, precise, and reliable.

Protecting Your Assets with Insurance

Your most valuable assets are the things that you use to produce your products/service. If you work in the web development industry, then your computers and internet access are your two most valuable assets. The most common mistake in that scenario is that many business owners take their equipment for granted and omit the urgency of having insurance. Consequently, once there is an unpredictable misfortune occurs, the loss will be devastating to the business. In your case, you must not commit the same mistake. “If anything can go wrong, it will,” this Murphy’s Law must be on your mind so that you are always prepared to face a crisis.

Paying Attention to Your Tax Deductions

a calculator and a reportThe moment you establish your startup, you need to learn about the taxation of your business carefully because any mistakes in your tax report can lead to penalty fees. However, there is also another aspect of taxation that is meant to stimulate companies to perform better in their business.

First, the startup cost tax deduction applies to companies that require investments of around $50,000 to $55,0000. It will grant you a deduction of $5000 by the first year of your company’s operational time. Second, research and development tax credits is a tax deduction that is designed to encourage startups to invest in their research and development. Third, professional fees deduction allows you to get deductions on your company’s expenses for hiring a financial consultant, lawyer, engineer, or other experts that are relevant to your field.

Integrating Your HR with a Recruiting Software

Recruiting software is an HR miracle. It will enable you to calculate the qualification of your applicants accurately and free from bias so that your company can hire only the best workers. Job aggregators, cognitive computing, and applicant tracking are three essential tasks that your HR division can perform with the help of technology. For example, Indeed and Google for Jobs are the two best sources of external hires because of their abundant database of applicants.…

Read More →