At ProfitBooks, we are committed to make taxation simple for small business owners in India. Since GST is set to replace various indirect taxes, we are going to start this series on frequently asked questions on GST. This article is first in this series. Please feel free to share your thoughts or questions in the…
DetailsCertain things just don’t mix well — like a good scotch and soda, like Rajnikant and Laws of Physics, like Rahul Gandhi and politics and like your personal finances and your business’s. Keeping these things separate not only helps you reduce problems, it also greatly simplifies things and makes it easier to manage your finances.…
DetailsProfitBooks offers the simplest way to create professional invoices. However, creating and sending an invoice to your customer is a job half done. Most of our users tell us that it takes them average 18 days to receive money once the invoice is sent. So, to solve this problem, we had integrated Instamojo payment gateway with…
DetailsWhat is TDS? Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where the person responsible for making specified payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. As the…
DetailsIn today’s scenario where doing business has become more stringent due to the mandatory requirement of complying with multiple & complex laws, taxation law is something you should outsource to an expert. Taxation laws not only in our country but all over the world are complex and not everyone’s cup of tea. As a business…
DetailsSometimes, your invoice is the last communication that you have with your client and its very important to leave lasting impression. At ProfitBooks, we’ve seen many businesses suffer from late payments due to improper invoice payment terms. In this post, I’ve explained how to write invoice payment terms that can help you get paid faster.…
DetailsIndia is notorious for its complex tax system. For new businesses and startups, it becomes impossible to navigate through various direct and indirect taxes. Constant changes to taxes like Service Tax are making things even worst. But now, the things are set to change with new Goods and service tax – commonly known as GST.…
DetailsWe were planning to conduct a small workshop for business owners. There were lot of activities to be done – Like sending invitations, confirming attendance, booking venue, printing promotional materials, etc. Now, the problem was, we didn’t want to hire someone full-time just for this as it would involve more time and money. Fortunately,…
DetailsAs a business owner, we are always looking for ways to cut costs. If you operate out of a metro city, its difficult to find cost-effective options for business meetings, conducting interviews or finding an affordable place to work. Sometimes investing in an office infrastructure is not possible for early-stage businesses. This is where coworking spaces…
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