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Showing posts from August, 2020

What is the easiest accounting software for small business?

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No matter what the nature of your business, keeping an accurate set of books is essential. Without   accurate bookkeeping services , it will be difficult to attract the funding you need because business records are generally the first thing potential lenders and investors want to see. Inaccurate or disorganized business accounts can also make it difficult to file your taxes or even land you in hot water with the Internal Revenue Service. Using QuickBooks to keep your business records lets you avoid those potential problems. Best Accounting Software for Small Businesses Widely regarded as the top accounting software for small businesses, QuickBooks does it all. Whether it's the affordable pricing, the various pricing plans, or the elite features, QuickBooks is the dream accounting software application for small businesses. To find the best small business accounting software, we evaluated dozens of accounting programs. The software needed to be well suited for a range of business typ

Amazon to pass on UK digital tax to sellers in fees hike

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In July, the UK’s digital services tax (DST) became law after receiving royal assent. The 2 percent tax applies to revenues from social media platforms, internet search engines, and online marketplaces. When developing tax policy, lawmakers often ignore the incidence of a tax, or who actually pays the tax. Many times, this is different from who is legally required to pay the tax. Just because a 2 percent revenue tax applies to large digital companies does not mean that the companies will bear the entire cost of the tax. Read More : Why Does Accounting matter for your Amazon Store? One online marketplace has already provided evidence of this. According to reporting from Bloomberg, Amazon has announced that it will be increasing a variety of fees on UK sellers by 2 percent beginning in September. The announcement comes a year after Amazon announced a similar fee increase for French sellers when France adopted a 3 percent digital services tax. The digi