If you work from home, one tax deduction that is available to you is the deduction for a home office explains Aron Govil. Even if your business runs out of your living room and there’s no official office space, you may still be able to write off certain expenses on your taxes. Here’s what you need to know about this… Read More »Aron Govil- How Much Can You Save By Claiming Home Office Tax Deductions?
There is no definitive answer to this question. The length of time records should be kept for tax purposes depends on a variety of factors, including the type of record, the state in which you reside, and the tax authority to which you are subject says Aron Govil. Generally speaking, most taxpayers are required to keep records for a period… Read More »Aron Govil shares How Long Records Should Be Kept For Tax Purposes?
The IRS selects taxpayers for audit using a variety of methods. The most common method is a computer-generated selection of tax returns that appear to have discrepancies or inconsistencies explains Aron Govil. However, the IRS also uses other methods to select taxpayers for audit, including: Random selection Returns with large amounts of income Returns with large amounts of credits or… Read More »Aron Govil explains How Does The IRS Select Taxpayers For Audit?
In this post, we will tell you how the IRS audits a tax return. We’ll share what happens from when they receive your tax return to when they send it back to you after the audit says Aron Govil. Here’s all that information in one place for easy reading. Let’s get started! (For more detailed information on how the IRS… Read More »Aron Govil- How Does The IRS Audit A Tax Return?
The cash method is the most common and simplest form of accounting. Under this approach, income is recorded when it is received and expenses are recorded when they are paid explains Aron Govil. This contrasts with the accrual method, which records income when it is earned and expenses when they are incurred, even if the cash has not yet changed… Read More »Aron Govil explains How Does The Cash Method Differ From the Accrual Method Of Accounting?
Here are ways to find an Affordable Accountant for Your Small Business: When it comes to finding an affordable accountant for your small business, there are a few things you can do says Aron Govil. First, ask around for referrals from people you trust. Your friends, family, and business contacts are likely to have a good recommendation or two for… Read More »Aron Govil explains How Do You Find An Affordable Accountant For Your Small Business?
To determine your tax liability when business structures differ, you must first compare the amounts earned by each individual to the other amounts earned through other sources. The IRS does not care how many entities are present in your business structure; it only looks at how much money each person has made says Aron Govil. Structuring your business as a… Read More »Aron Govil: How Do You Determine Your Tax Liability When Business Structures Differ?
Here are best ways to get started in preparing your business taxes: The best way to get started in preparing your business taxes is to consult with a tax professional. They will be able to help you understand what you need to do in order to file your taxes correctly. There are also many helpful resources available online, such as… Read More »Aron Govil- How Do I Get Started In Preparing My Business Taxes?
Many small business owners can’t afford an in-house staff to take care of their books. Hiring a professional accounting service is the best option for them as they do not have to worry about keeping track of expenses and sales revenues, preparing invoices and tax returns, and maintaining documents like receipts and payroll records. Aron Govil says an outside CPA… Read More »Aron Govil- How Do Small Business Owners Benefit By Using Accounting Services?
If you are a beginner in entrepreneurship, you may not have the proper accounting knowledge, but it is crucial for you says Aron Govil. Your accounting knowledge and skills might determine your business’s/company’s future. Aspects that Make a Difference while Employing a Service Accounting plays a crucial role in ensuring smooth business operations. Before employing the service in business processes,… Read More »Accounting Tips By Aron Govil That Help Budding EntrepreneursGain Knowledge
Today, several accounting professionals spend a huge time on financial statements, preparing tax returns, and conducting audits says Aron Govil. All these looks into the transaction and concentrate on the compliance needs of a company, for instance, submitting the financial statements to the investors or preparing tax returns a year before and paying the due taxes. As the accounting profession… Read More »Accounting Professionals Should Maximize Their Value – Aron Govil Shares Three Ways to do that
What Is Churn Rate? Customer Churn Rate (CCR) is a metric that shows the percentage of customers that leave within a given time period says Aron Govil. It is usually measured monthly, but some segments are calculated by a week or even daily. For example, in SaaS businesses, churn rate may be defined as the number of users canceling divided… Read More »Aron Govil: Why You Shouldn’t Worry About Customer Churn… (And What to Do Instead)
In our most recent survey, we asked respondents to rank their reasons for staying with a company says Aron Govil. While it’s easy to see why most people leave — poor service, price increases, or lack of available products — what is less obvious are the hidden levers that keep customers from leaving. Insight: After analyzing the data and recognizing… Read More »Aron Govil: When customers leave, it’s usually not what you think.
Is your online store pushing customers away? Do you know why? If your online business is not turning the right numbers, then you should identify the shortcomings suggests Aron Govil. If some of them are related to customer experience or shipping, then you are on the right track. 1. Shipping & Delivery Customers often complain about receiving poor value for… Read More »Aron Govil: What are the top three things that push customers away?
This article discusses the reasons why an existing customer will either continue to do business with a company or do business elsewhere says Aron Govil. A very low customer retention rate can have a disastrous impact on an organization’s profitability and productivity. In today’s economy, it is even more critical that businesses take all necessary steps to retain their customers.… Read More »Aron Govil: The Subtle Art of Improving Your Business’ Customer Retention Rate
This article is about seven techniques that can be used to create a great experience for your customers says Aron Govil. It is based on research and recommendations. 1. Simplicity The first technique is simplicity. One of the biggest challenges for websites and apps is to keep them simple. An easy-to-use website or app facilitates the process on the users’… Read More »Aron Govil: Seven ways to create a great experience for your customers, guaranteed!
If customer loyalty is important to your business’ success, then you should focus on increasing customer retention says Aron Govil. In the age of digital disruption, customer retention has never been more important. Here are some tips from our new ebook to help improve your organization’s customer retention rate: 1) Focus on Customer Experience: Customer experience is a huge part… Read More »Aron Govil: Improve Your Business’ Customer Retention Rate
The digital age has significantly transformed the way we do business, and many organizations have devoted significant resources to establishing a strong web presence says Aron Govil. But it’s no longer enough for businesses to have a website and social media accounts if they hope to attract and retain customers in this era of constant change. Industry Trends: So what… Read More »Aron Govil: How to retain customers in the age of digital disruption
As a business owner, it is your responsibility to ensure your main competitor does not steal customers from you says Aron Govil. One of the best ways that this can be achieved is by installing CCTV cameras in order to catch any wrongdoing that they may undertake. This article will cover how you can go about purchasing and making sure… Read More »Aron Govil: How to make sure your main competitors do not steal your customers