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If you are a small business owner and wondering why a business app is at all required, then let us tell you that, an app is a necessity for business success. And if your business won't have an app yet, then you must have one. Just offline presence is not at all a winning idea, and having just a website is not sufficient anymore. The traffic has shifted to the mobile area,  and with the emergence of smart phones, apps have become an important marketing tool for businesses of every size. And when you have realized that apps are essential for your business, there comes another curiosity, to go for the iOS or Android platform. Indeed, there is a never-ending race between the two. But the past data reveals that Android with its flexibility has been the winner for a long time. Statista reveals that about 88 % of smart phones sold to users in the second quarter of 2018 had Android OS. This clearly says how popular are the Android apps and also inspires the businesses to consi...

Mobile applications can offer good marketing opportunities but you must create with purpose. Though all companies don't build a business app, it is highly recommended to have your app, at least to see the potentials of having an app for your company. Mobile applications have brought versatile changes in the way people use information, buy, share experiences and communicate. With mobile apps, any small or new business may gain great opportunities. If a website offered you winning edge in the last decades, today, it is the mobile app that helps you with profits and fame. In this blog post, we tell you about some important aspects that a business owner must know when you intend to have your app. Why You Require Mobile Applications? Mobile applications are potential marketing tools in today’s digital era. They add to brand value and helps you keep ahead in the race. Here you can see, how business apps can help you in running your business. Put you ahead in the competition...

All That You Must Know About GST Composition Scheme GST has been a game changer and its implementation has been quite beneficial. And there is more good news for taxpayers under the composition scheme from the next financial year. With an increase in the turnover limit for applicability, the inclusion of service providers and lower tax rates, there are more relaxed rules to look forward to.   What is GST Composition Scheme? GST Composition Scheme is an alternative method to impose a tax under GST for simplification of compliance and lower compliance costs for small taxpayers. Under this scheme, a person or business who opted to pay tax under GST can pay tax at a flat percentage of turnover in each quarter, instead of paying tax on normal rate monthly. For whom this scheme is applicable?  GST Composition Scheme is applicable to the following: Traders or manufacturers or person whose taxable business turnover is about Rs.1.5 crore (With exception of Rs. 75 Lakh f...

In a Private Limited Company or PLC, Directors plays important functioning roles from taking business decisions to looking after business operations. Directors are the key people on whom Shareholders of a company trusts while investing money. Here in this article, we shall discuss how a company can have a new director on its Board legally in India. Role of Director in a PLC As per Companies Act, 2013 a “Director” is a person appointed to the Board of a company for managing company matters. The role of a Director is to administer, control or direct the affairs of a company and also supervises and manages its matters. In other words, a company acts through its Directors. Hence, a company's management is entrusted to a body of persons called the “Board of Directors”. How to become a director in a Private Limited Company(PLC) To become a Director in a PLC, he/she must need a Director Identification Number or DIN Number which can be obtained by anybody who is 1...

You may know it or yet unaware, but businesses or individuals need to deal with trademarks on a daily basis, this is another way to refer to brands. The purchasing decisions by consumers get influenced by trademarks and brand reputation. This is very essential for businesses to know why trademarks are significant as their asset and brand name. But what is a trademark? In simple words, a trademark may be anything from a logo, to a slogan or a word, that can distinguish your business from the rest. Here are some reasons why a trademark is essential for your business: Trademark is an asset When you start creating a niche for yourself, the trademark adds to its value. Therefore trademark registration can help in monetizing in the future and protect from any kind of infringements, what may be possible. But the fact is that trademark registration is possible only when the name is unique. Hence you must search for the name before you register. Nowadays, with the rising o...

To keep your business account books updated you need accounting expertise and a good amount of dedicated hours.  Many startups are daunted by the necessary idea of accounting and bookkeeping. To tell you, it's really very simple but a steady process. Bookkeeping is needed in every business, from a small sized startup to an established big company. Accounts Books Maintaining Service   Basic goals of bookkeeping and accounting: Keep track of income and expenses, which enhances your chances of profit. To collect all the financial information necessary for filing various tax returns. There is no particular method of keeping records but just an accurate way that will reflect your income and expenses of your business, based on the size of your venture and sales, you can develop your own ledgers and reports. Three steps to follow: The actual method can be done in three steps: Keep the receipts or any records of every payment made and expenditure done...

GST return filing is a must for all people with GST registration in India. Under GST registration, one has to file GSTR1, GSTR2 and GSTR3 returns on the 10th, 15th and 20th of each month. Here, in this blog we tell about GST return filing in details. Source: thewadhwagroup With GST, it makes no difference, if you are a manufacturer, a trader or a service provider, you have to file GST returns. The GST is charged on sales price of services or goods, the amount to be paid to the Government is based on value added to the services or goods at every level of distribution or supply. After doing registration for GST, you have to do the following: apply GST charge on all the sales, except for exempted supplies provide tax invoices to GST-registered people within a month maintain the receipts and GST invoices on buying goods for your services retain GST invoices to claim your GST credit maintain all your records and documents to support your GST returns do your GST calculatio...