September 29 2022 finance & accounting
You must have come across lots of concepts or conviction through which on can get funding or inject cash in their Business. This Blog is merely to highlight the attribute of Factoring Companies and the way they are accounted. For those who are now thinking, what is Factoring or a Factoring company? Let me bring …
September 29 2022 finance & accounting
FBAR stands for Report of Foreign Bank and Financial Accounts. One must report their financial accounts to the Treasury Department. Financial accounts such as bank accounts, brokerage accounts and mutual funds need to be reported. These accounts are reported on FinCEN form i.e. Form 114. FinCEN stands for Financial Crimes Enforcement Network. Who must file FBAR …
Form 1040 is a form through which US individual taxpayers file their annual income tax returns. This form is used by individuals, small business owners, individuals who run single member LLC or are partner in partnership firm. The form initially contains basic information like Taxpayer’s name, address, filing status, social security number, spouse’s information, dependent’s …
April 15 2022 Uncategorized
Outsourcing is a process of offshoring an organization’s non-core activities or business processes to a specialized service provider. Global outsourcing versus outsourcing. Is there really a difference? That depends. The answer is not a simple ‘yes’ or ‘no’. Outsourcing is defined as “a business practice in which a company hires a third-party to perform tasks, handle …
April 22 2021 blogs
Turnaround time – Taxes Hello everyone! I hope you all are well and staying safe. Lately, Covid has been on everyone’s mind. Apart from Covid, another thing on everyone’s mind is filing of taxes. It’s April 20th already. You email your accountant to file the taxes because there’s only 1 month left until May 17th. …
March 09 2016 Tax
Working hard to Hardly working – Manage TIME! Since my childhood, while inside the house from Parents or outside the house from Teachers – I kept listening- Time is priceless /Time is the best solution! And I was clueless- TIME? I have all the time. But as I grew up, without knowing, I started using …
March 01 2016 Tax
Make a Wise Choice when Selecting a Tax Preparer As the tax season has already begun, since entering into the March month, there is still time to choose a return preparer. If you file now, and approach the Tax Preparer now, you have time for Tax planning and can relax later, rather than rush tax filing. …
February 25 2016 C Corp
In the Era of Entrepreneurship, a lot of people want to leave their big fixed pays and want to give shape to their ideas in their own business. But the whole idea gets into a standstill when legal statutes need to be put in place. To be Or not be starts ringing, as the confusion …
February 22 2016 Tax | Uncategorized
With Valentine’s Day and the love in the air coming to the practical life,  the most  important of the lot being, ARE YOU READY FOR THE TAX SEASON? It’s been over, 40 days , the tax year has been ended, and the time to collect all your documents to bind for your Tax Filing. It’s …
November 19 2015 Uncategorized
After 7 years of steady growth, in the Finance & Accounts Outsourcing & the IT Services business, catering to more than 250 clients, Konnect get’s inbound interest in funding from institutions in the US. The funds will be mostly used for geographical expansion into areas such as United Kingdom & Australia. Just recently Konnect’s Finance …
