# BKCProHub | Global Accounting and Tax Services > Global Accounting & Tax Services ## Posts - [How a $12M Construction Project Nearly Collapsed](https://bkcprohub.com/construction-accounting-problems/): When the Numbers Don’t Add Up: How a $12M Construction Project Nearly Collapsed (And the Warning Signs Every Builder Ignores) The 3 AM Phone Call That Changed Everything Marcus Rivera had built commercial properties for 18 years. His construction firm had survived the 2008 recession, navigated supply chain chaos during the pandemic, and grown to manage seven simultaneous projects worth over $40 million. However, nothing prepared him for the phone call at 3:17 AM on a Tuesday in March. “We’re out of cash,” his project manager said. “The concrete supplier won’t deliver tomorrow without payment. We have three crews showing […] - [How an E-commerce Brand Went from Chaos to Clarity | BKCProHub](https://bkcprohub.com/ecommerce-accounting-chaos-to-clarity/): E-commerce Accounting Services: How a Brand Went from Chaos to Clarity (Real brand name replaced for confidentiality purposes) When a fast-growing North American e-commerce brand found its sales booming across marketplaces likeAmazon, Shopify, and Walmart, the founders thought they were living the dream. Orders were pouring in, customers were happy, and the numbers — at least on the surface — looked great. But beneath that success story was another one — a quieter, messier one. Behind the glossy dashboards and growing revenue was a mountain of unreconciled transactions, mismatched inventory data, unclear marketplace fees, and tax filings teetering on the […] - [The Real Cost of Bad Bookkeeping & How to Fix It Fast](https://bkcprohub.com/the-real-cost-of-bad-bookkeeping-how-to-fix-it-fast/): The Real Cost of Bad Bookkeeping (and How to Fix It Fast) Every business owner knows that bookkeeping is essential, but few realize just how expensive poor bookkeeping can be. From missed tax deductions to compliance penalties, the cost of bad bookkeeping extends far beyond disorganized spreadsheets. For small to medium-sized businesses, these errors can mean the difference between profitability and financial distress. In this comprehensive guide, we’ll explore the true financial impact of inadequate bookkeeping, identify warning signs your books need attention, and show you how to fix bookkeeping problems quickly and cost-effectively. The Hidden Financial Costs of Bad […] - [SR&ED Eligibility & Compliance Guide for Canadian Businesses](https://bkcprohub.com/sred-eligibility-compliance-guide-for-canadian-businesses/): SR&ED Eligibility, Compliance Requirements, and Filing Guide for Canadian Businesses Innovation drives business growth, but research and development can strain your budget. That’s where Canada’s Scientific Research and Experimental Development (SR&ED) tax incentive program comes in—offering substantial tax credits to businesses investing in innovation. Understanding SR&ED eligibility, compliance requirements, and the filing process can unlock significant financial benefits for your company. What is the SR&ED Tax Credit Program? The SR&ED tax incentive program, administered by the Canada Revenue Agency (CRA), is one of the most generous R&D tax credit programs globally. It provides over $3 billion annually in tax incentives […] - [Excessive Interest and Financing Expenses Limitation (EIFEL) Rules in Canada](https://bkcprohub.com/excessive-interest-and-financing-expenses-limitation-eifel-rules-in-canada/): Understanding Excessive Interest and Financing Expenses Limitation (EIFEL) Rules in Canada Canada’s tax landscape underwent a significant transformation with the introduction of the Excessive Interest and Financing Expenses Limitation (EIFEL) rules. These regulations fundamentally change how Canadian businesses can deduct interest and financing expenses, impacting tax planning strategies across multiple industries. Whether you’re a CFO of a manufacturing company, a real estate developer, or a business owner managing debt financing, understanding EIFEL rules is critical to maintaining compliance and optimizing your tax position. The Excessive Interest and Financing Expenses Limitation (EIFEL) rules limit the amount of interest and financing expenses […] - [Affordable Bookkeeping for Startups: Essential Strategies and Solutions](https://bkcprohub.com/affordable-bookkeeping-for-startups-essential-strategies-and-solutions-2/): Managing a startup is an exciting yet challenging journey, often demanding founders to handle multiple tasks simultaneously. While launching products and acquiring customers may take precedence, bookkeeping for startups is a fundamental pillar that ensures long-term business health, accurate financial reporting, and growth. This guide provides actionable insights into affordable bookkeeping for startups, highlights common challenges, and explains how to streamline your accounting processes cost-effectively. Related Resource: Why Every Startup Needs a Virtual CFO Why Affordable Bookkeeping for Startups Matters Bookkeeping for startups refers to systematically recording and managing all financial transactions. When handled correctly, bookkeeping brings clarity, drives smarter […] - [What’s Included in Virtual CFO Services? Why Is It A Growing Trend?](https://bkcprohub.com/virtual-cfo-services-benefits-and-trends/): Introduction: Small and medium-sized businesses (SMEs) sometimes experience difficulty in properly managing their financial operations while concentrating on their main company functions in the modern business atmosphere. Virtual Chief Financial Officer (CFO) services can help in this situation. SMEs can adopt smart choices and get financial stability through virtual CFO services, which give them access to the knowledge and leadership of expert financial professionals. This blog post will explain what virtual CFO services are and why they are a growingly popular corporate solution. What is a Virtual CFO? The term “virtual CFO services” describes remote outsourcing of financial management and […] - [Benefits of Outsourced Accounting Services](https://bkcprohub.com/are-outsourced-accounting-services-beneficial/): Introduction: In today’s dynamic and competitive business landscape, companies are constantly seeking ways to optimize their operations, reduce costs, and maximize efficiency. One crucial aspect that often consumes significant time and resources is accounting. As businesses strive to focus on their core competencies and strategic initiatives, many are turning to outsourced accounting services as a valuable solution. In this blog, we will explore the importance of outsourcing accounting services and the numerous benefits it brings to businesses. Access to Expertise and Specialized Knowledge: Accounting is a specialized field that demands in-depth knowledge, expertise, and adherence to complex regulatory frameworks. By […] - [Types of Accounting Services that you can Outsource](https://bkcprohub.com/types-of-accounting-services-that-you-can-outsource/): Introduction: In today’s fast-paced business world, outsourcing accounting services has become a popular choice for companies looking to streamline their financial operations. By entrusting their accounting tasks to external experts, businesses can focus on their core competencies and enjoy several benefits. In this blog, we will explore the various types of accounting services that can be outsourced, the advantages of outsourcing, factors to consider when selecting an outsourcing partner, and address some frequently asked questions. Benefits of Outsourcing Accounting Services: Cost Savings: Outsourcing accounting services eliminates the need for hiring and training in-house accountants, saving costs associated with salaries, benefits, office space, […] - [Why Virtual Accounting Is the Future](https://bkcprohub.com/why-virtual-accounting-is-the-future/): Introduction Traditional accounting methods are being transformed in an ever-changing digital environment. Virtual accounting’s development has completely changed how organizations conduct their financial management procedures. This innovative approach makes use of technology to improve accuracy, speed up procedures, and give real-time information that leads to better results. It is becoming more and more clear that it is not just a trend but also the industry’s unavoidable destiny as we enter a new era of financial management. Not only this, but it also gives you freedom to work in your comfort place. It is also less time consuming because you can take help […] - [ProConnect Tax Pricing, Alternatives & More 2023](https://bkcprohub.com/proconnect-tax-pricing-alternatives-more-2023/): Introduction: The complex nature of tax laws and regulations often requires the assistance of professional tax software to streamline the process and ensure accurate filings. ProConnect Tax, developed by Intuit, is a popular choice among tax professionals. In this blog post, we will explore It’s pricing, alternatives, and other essential considerations to help you make an informed decision for your tax preparation needs. ProConnect Tax Pricing: Pricing is an important factor to consider when evaluating tax software options. It offers a flexible pricing structure that caters to different needs. The software’s cost depends on various factors, including the number of […] - [The Pros and Cons of Outsourced Accounting Services for Businesses](https://bkcprohub.com/the-pros-and-cons-of-outsourced-accounting-services-for-businesses/): Outsourced accounting services have become increasingly popular among businesses of all sizes. This practice involves hiring external accounting professionals or firms to handle various financial tasks, such as bookkeeping, payroll processing, tax preparation, and financial reporting. While outsourcing accounting services can offer several advantages, it is important for businesses to consider the potential drawbacks as well. In this blog, we will explore the pros and cons of this kind accounting services to help businesses make an informed decision. Pros of Outsourced Accounting Services: Cost Savings: Saving money is one of the main advantages of outsourcing accounting services. By outsourcing, businesses […] - [A Synopsis of IFRS 16 – Accounts Receivable](https://bkcprohub.com/a-synopsis-of-ifrs-16-accounts-receivable/): Introduction: Accounts receivable – IFRS 16 has removed the classification concept between operating and finance leases in the lessee’s books. Rather, now a single model approach exists whereby all lessee leases post-adoption of IFRS 16 are reported as finance leases. These leases are capitalized and presented on the balance sheet as both assets (RoU assets) and liabilities. The accounting treatment for finance leases under IFRS 16 results in the recognition of both depreciation & interest expense. Definition of Lease per IFRS 16: A lease is defined as a contract granting an entity the right to utilize a specific asset for a prescribed […] - [How to determine a functional currency in financial reporting](https://bkcprohub.com/how-to-determine-a-functional-currency-in-financial-reporting/): Introduction : With the ever increasing globalization, many companies around the world are expanding their reach to multiple countries. The geographical boundaries are no longer a limitation to run the business. This results in extensive foreign currency exposure to multinational companies around the world. Mainly, an entity may carry on foreign activities in two ways. 1) It may have transactions in foreign currencies (eg: Export/import of goods and services) 2) it may have foreign operations (Foreign subsidiary, associates, branch etc.) IAS 21 provides instructions regarding how to include the foreign currency transactions and foreign operations in the financial statements of […] - [A guide to period-end closure of the Accounts Payable](https://bkcprohub.com/a-guide-to-period-end-closure-of-the-accounts-payable/): Being accounting professionals, we need to be on top of things when it comes to the period-end closure of the books of accounts. But it is easier said than done as depending on the size and complexity of an entity, the period-end closure of books can come with its own set of challenges or difficulties. However, having a well-documented stepwise procedure in place can simplify the period-end closure to a considerable extent. This procedure will obviously vary from company to company but we have made a small attempt here to jot down some generic points which can be helpful in the […] - [What Is Audit Support and QuickBooks, How Does It Work?](https://bkcprohub.com/what-is-audit-support-and-quickbooks-how-does-it-work/): Introduction: If you have been fortunate enough to work with a good Auditing firm, you must have come across the phrase, “Work not documented is work not done”. Documentation (sometimes also referred to as audit work papers) is like the backbone of the Audit Support & Assurance profession. SA 230 defines Audit documentation as “The record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached”. Further, the audit working papers prepared for a client and its audit engagement are usually detailed enough for another auditor, who is adequately experienced and competent but unfamiliar with the client, […] - [How to expand Business Registration in the USA](https://bkcprohub.com/how-to-expand-business-registration-in-the-usa/): In the USA, states have powers to recognize the incorporation of the business in the case of Intracompany sales. If the sales or the provision of services are intercompany then the federal has the jurisdictional right to tax the business structures and make it compliant. Based on this rule of the land, most of the states of the USA make it compulsory to incorporate the Company in the state as a foreign company/LLC. In recent times, most of the LLCs/Corporations would like to do business in the whole US but it creates challenges in terms of compliance and taxes as […] - [Form W-2 Wage and Corporate tax: What It Is and How to Read It](https://bkcprohub.com/form-w-2-wage-and-corporate-tax-what-it-is-and-how-to-read-it/): What is W2? W2 is a form prepared, filed with the IRS and shared to all the employees. The structure of the form. Why does an employer prepare W2? As per IRS, an employer needs to prepare the form W2 for all the employees who work in the year. When does the employer need to prepare W2? The due date to prepare, file and share is 31st January every year. How can W2 be submitted to the IRS? W2 can be submitted to the IRS by paper or e filing. If the employer has to file more than 250 W2s, […] - [Audit Materiality & Significance of Financial Statements](https://bkcprohub.com/determining-audit-materiality-financial-statements-and-understanding-its-importance/): ‘Materiality’ – If you are an audit or accounting professional, this term should sound very much familiar to you. Right from the planning stage up to the issue of Audit report and even while considering the impact of subsequent events, materiality plays a pivotal role at almost every stage in Audit. Considering its importance, lets dive a bit deep into the meaning and importance of materiality. What is materiality? As per SA 320 “Materiality in Planning and Performing an Audit”, Misstatements, including omissions, are considered to be material if they, individually or in the aggregate, could reasonably be expected to influence […] - [Debt Modification and Cash Flow](https://bkcprohub.com/debt-modification-and-cash-flow/): IFRS 9 – Debt Modifications There can be various modifications in the terms of your debt agreements such as change in the maturity dates, change in interest rates, elimination of the conversion feature and so on. The change may be due to any financial difficulties faced by the borrower, change in market conditions, changes in the financial position of the lenders and so on. In this article we will discuss how to deal with such debt modifications in line with IFRS 9. Debt Modification Assessment Quantitative assessment (the 10% test) – Check if the difference between net present value of […] - [Are Financial Advisors Ready for Audit Support?](https://bkcprohub.com/are-financial-advisors-ready-for-audit-support/): When we are filing the 1040 of any individual, the most common question for any person is about virtual currency. Here I have tried to explain virtual currency in simple terms. Definition of virtual currency – Any currency which is not a real currency (US$ or other foreign currency) and mostly includes cryptocurrency. Examples of cryptocurrencies are Bitcoin, Lite coin, Monero, and Dogecoin. 1. Question asked in 1040 for virtual currency – Whether at any time during 2021/2022, I received, sold, sent, exchanged or otherwise acquired any financial interest in any virtual currency? What should the answer to the question […] - [The IRS Is Offering Relief to Taxpayers Affected By Hurricane Ian](https://bkcprohub.com/irs-relief-to-taxpayers/): Recently, a storm hit the area of Florida which caused the loss of lives. IRS (Internal Revenue Service) has recently issued a news release to assist people from disaster-affected areas. The IRS is offering assistance to the area designated by FEMA (Federal Emergency Management Agency). FEMA supports citizens and emergency personnel to build, sustain, and improve the nation’s capability to prepare for, protect against, respond to, recover from, and mitigate all hazards. Individuals or households or businesses in disaster-affected areas can use those reliefs from the IRS. IRS has extended the due date to file the return from 18th April […] - [How to Save Personal Taxes and Tax Preparation in USA](https://bkcprohub.com/how-to-save-personal-taxes-and-tax-preparation-in-usa/): RRSP(Registered Retirement Saving Plan) herein referred to as a fund can be used as a tool to save personal taxes. Contribution towards fund can be available as a deduction to the income shown in the income tax return i.e. T1. Contribution towards funds can be made through the person himself/herself or the employer of the person. A person can contribute to his/her fund or the fund of his/her spouse so it would be helpful to reduce the taxes of the person who has higher tax liability. For example, If Mr. X has a total income of 60000 whereas his spouse […] - [E-commerce Sales Tax: Everything You Need to Stay Tax Planning & Compliant](https://bkcprohub.com/e-commerce-sales-tax-everything-you-need-to-stay-tax-planning-compliant/): In recent times, most of the businesses are on the e-commerce platform and sell all over the world. It is really beneficial for businesses and consumers to have today era as an online store which helps consumers to get good quality products at a competitive rate and also helps businesses to increase sales and make a good profit out of it. This process involves a really difficult part of compliance for the business especially. To help the business and consumer, many countries have introduced marketplace facilitator rules where only e-commerce platforms like Amazon, Shopify, etc. will be liable to collect […] - [Canada GST/HST/Sales Tax Guide for Digital Businesses](https://bkcprohub.com/canada-gst-hst-sales-tax-guide-for-digital-businesses/): It is really difficult to understand GST/HST/PST in Canada. I have just tried out to sort it out in an easy manner. Canadian GST is managed and governed by the Federal Government which has a rate of 5%. GST of 5% paid on the purchase of goods/services can be claimed as ITC (Input Tax Credit) against GST on sales. It will be applicable on all the sales made in Canada except certain exemptions as well which can be referred to from the link – https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4022/general-information-gst-hst-registrants.html PST(Provincial Sales Tax) is applicable on the sales made in the respective province where HST […] - [How can I save taxes through deductions?](https://bkcprohub.com/how-can-i-save-taxes-through-deductions/): Taxpayers in the US can reduce their tax obligations by taking advantage of a variety of deductions. People can use deductions to lower their taxable income, which could result in significant tax savings. In this post, we’ll examine some of the most important tax breaks in the US and offer tips on how people might maximize their tax-saving potential and thus accordingly have an efficient tax planning system. Tax preparation saving method through deductions There are several ways in which you can save on your taxes. Itemized vs. Standard Deductions: Taxpayers can choose to itemize their deductions or take the […] - [Remote Workers are More Productive](https://bkcprohub.com/remote-workers-are-more-productive/): Whether your office has recently gone remote or you’re considering making the change yourself, you should weigh the pros and cons of each work style! Many times our job offers us an option of working from home or working in the office – but we get confused about what option is right for us. As I have experienced both modes of work, I have summarised the good and not so good of working remotely. Goods of working from home 1. More control over your schedule: The biggest advantage of working from home is that we can save a lot of […] - [BETTER FINANCIAL DECISIONS – ACCOUNTING](https://bkcprohub.com/better-financial-decisions-accounting/): The present age is the age of trade, business and commerce. Business is increasing day by day and becoming complex too. An organisation can not remember its dealings for log and so it becomes necessary to keep a written record of all business transactions day by day, this lead to the development of accounting. Accounting is the language of finance. It conveys the financial position of the firm or business to anyone who wants to know. It helps to translate theworkings of a firm into tangible reports that can be compared. So it is essential that we know the meaning […] - [With Clients; We Have To Think Like Clients](https://bkcprohub.com/with-clients-we-have-to-think-like-clients/): Based on personal experiences and readings from some famous authors; this is a small effort to walk an extra mile towards Good client communication. It’s not that I am perfect at it but just a stepping stone for all of us to step towards perfection. Let’s walk the extra mile to understand what a CLIENT is…   C – Concerned (each client is like our babies, we need to be concerned as they are the ones who pay us after all) L – Lenient (instead of being over strict and rigid, we need to be little lenient to clients) I […] - [Company Annual Compliance: AOC-4 & MGT-7](https://bkcprohub.com/aoc-4-and-mgt-7-annual-compliance-for-company/): AOC-4 and MGT-7 Annual Compliance for Company are mandatory for each company in India. The annual compliance of company consists of mainly two filings, AOC-4 and MGT-7. AOC-4 is filing of financial statements, whereas, MGT-7 is an annual return of company. Annual Compliance for Company in AOC-4 and MGT-7 AOC-4: Overview The financial statements of a company must be filed with the Ministry of Corporate Affairs every year along with the required documents. The MCA form for filing financial statements is AOC-4. Hence, Form AOC-4 is submitted with the MCA for each Financial Year within 30 days of a company’s […] - [DIR-3 for KYC of Directors](https://bkcprohub.com/dir-3-for-kyc-of-directors/): eKYC of Directors in DIR-3 The Government of India, Ministry of Corporate Affairs have decided to carry out annual KYC verification through DIR-3 for KYC of all directors of all companies at the end of each financial year with a view to update the Registry and to keep a check on shell companies. Thus, in exercise of powers available under the provisions of the Companies Act, 2013, the Ministry of Corporate Affairs have notified the Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 on July 5, 2018 which have come into effect from July 10, 2018. The said […] - [Digital Signature Certificate (DSC)](https://bkcprohub.com/digital-signature-certificate-dsc/): What is Digital Signature Certificate (DSC)? Digital Signature Certificates (DSCs) are the digital equivalent (that is electronic format) of physical or paper certificates like drivers’ licenses, passports or Aadhaar that serve as proof of identity of an individual for a certain purpose. A digital certificate can be presented electronically to prove one’s identity, to access information or services on the Internet or to sign certain documents digitally. How to Obtain Digital Signature Certificate? The DSC applicant should need to fill up a DSC Application form with a passport size photograph to be submitted along with identity proof and address proof. […] - [Company Registration in India](https://bkcprohub.com/company-registration-in-india/): Company Registration in India This article is a complete guide on Company Registration in India. India is a developing mixed economy, world’s 6th largest economy by nominal GDP and world’s 3rd largest economy by purchase power parity. After 1991, India has achieved 6-7% average GDP growth annually. In FY 2015 and 2018 India’s economy became the world’s fastest growing major economy, surpassing China. The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India topped the World Bank’s growth outlook for the first time in fiscal […] - [What is Invoice Processing Services?](https://bkcprohub.com/what-is-invoice-processing-services/): What is Invoice Processing Services? Invoice Processing Service is a special and dedicated service that has a huge impact on the business. Invoice Processing Service is a service wherein every type of Invoice is processed with regards to various aspects such as verifying the terms of items, quantity and rate at which the invoice is raised to the customer, receiving and recording of the timing of payment against the invoices raised, mapping the bills vis-à-vis their PO and ensuring that the same is in synchronization, reconciliation of the amount received on a bill-to-bill/ party-wise base, ensuring that the payment is […] - [Budget Basics](https://bkcprohub.com/budget-basics/): Budget?? Budget, the very origin of the same lies in the French word bougette, meaning purse. With evolution of time the same word “budget” attached itself with more vivid shades. In today’s light budget simply means an estimate of the income and expenses. What is the Budget Hype all about Budget is very essential in all fields. Right from household chores to corporate giants, everyone needs budgets. Basically budget means a simple monetary plan based on estimates with regards to the future expected incomes and expenses to be incurred. At times the importance of budget seems to be overhyped but […] - [9 things you must know about Client Account](https://bkcprohub.com/9-things-you-must-know-about-client-account/): All you need to know about Client Account in Canada Is it for you? If you are or willing to become an immigration professional in Canada, you must follow certain regulations. This blog is aimed to provide you insights on Client Account Regulation which as an immigration consultant, you must follow. Registration with ICCRC If you wish to become immigration professional in Canada or abroad to provide immigration services in Canada, you must be registered with Immigration Consultants of Canada Regulatory Council (ICCRC) and once you are a member, you are known as Regulated Canadian Immigration Consultant (RCIC). Client Account […] - [Changes in Canada GST / HST Return](https://bkcprohub.com/changes-in-canada-gst-hst-return/): New reporting lines on Form GST34-3: GST / HST Return Effective Date CRA has introduced a few changes in GST34, GST / HST Return form with effect from May 16, 2016 What has changed? If your business reports sales that include zero-rated supplies made in Canada, exempt supplies and zero-rated exports, you can now report these items separately on your electronic GST/HST return. Before May 16, 2016, you included such sales as one amount on line 101 of the return. Three new lines are available for reporting: Line 90 is for reporting taxable sales (including zero-rated supplies) made in Canada. […] - [QuickBooks Online Tutorials for SMB: Video 2 – Import Masters](https://bkcprohub.com/quickbooks-online-tutorials-for-smb-video-2-import-masters/): Welcome to QuickBooks Online Tutorials for SMB! Video 2: Import Masters In this tutorial, we will know how to import masters like customers, suppliers and chart of accounts. You can import master data from any accounting software or excel sheet. QuickBooks Online supports importing master information from CSV or Excel file format. Let’s understand, how to import “Customers” Go to “Customers” Click on the down arrow besides Customers tab on the right hand top corner of your screen and go “Import Customers”. In the next screen, you will need to upload an excel or CSV file containing customers master information. You can […] - [Expenditure Control – A small step to incur huge profits](https://bkcprohub.com/expenditure-control-a-small-step-to-incur-huge-profits/): Reduce Unavoidable Costs with Expenditure Control What is Expenditure Control / Quality Expenditure? Expenditure Control as the name suggests is a control over the expenditure incurred but this is not done by cutting down the essential expenses or grudging the business of every penny that would have enhanced the development and growth of business. It is prima – facie done by an actual analysis of the expenses incurred with regards to the market costs of similar resources, benefits derived from such expenditure, duration for which the benefits shall be derived and such similar scientific basis. How is it different from […] - [Why Outsource to India?](https://bkcprohub.com/why-outsource-to-india/): Outsourcing and Offshoring to India Outsourcing and Offshoring activities are not a modern concept. They have been around since the ancient ages but its prominence has increased in the modern days. Despite many other countries such as China, Philippines and Ireland in the cut-throat competition India has successfully grabbed a large chunk of the offshore and outsourced business which is approximately 80% of the total business outsourced and off-shored in the world. The main difference between outsourcing and off-shoring is that outsourcing is within the domestic boundaries of the nation whereas Offshoring is a type of out-sourcing that crosses the […] - [Why Outsource Accounting?](https://bkcprohub.com/why-outsource-accounting/): Introduction Outsourcing is the process of delegating a company’s business process to third parties or external agencies due to various vivid reasons. When Outsourcing is done across national borders, it takes the form of OFFSHORING. Benefits of Outsourcing (Why Outsource Accounting?) Generally a huge chunk of outsourcing is observed in the following fields: Accounting Financial Services Designing of logos, product designs etc. Advertisements Data Entry and typing Data Management Systems However it should be noted that this is not an exclusive list. It is just an illustrative one and the services keep on enlisting them further in this list due […] - [QuickBooks Online: Recurring Transactions](https://bkcprohub.com/quickbooks-online-recurring-transactions/): QuickBooks Online Tips & Tricks: Setup Recurring Transactions   What is Recurrent Transaction? In laymen terms, a recurrent transaction is one which is bound to repeat itself at a pre-determined period of time per se. every month or every week. Examples of such recurring transactions include monthly rent of the house, utility bills etc. How Can Recurrent Transactions Help? Statistics reveal that even for an expert it takes about 3-5 minute(s) to make a single entry. Now if you have about some 10 similar entries every month such as house rent, telephone bill, subscriptions to entertainment packages, magazines and so […] - [Quick Turnaround Time (TAT)](https://bkcprohub.com/quick-turnaround-time-tat/): What is Quick Turnaround Time (TAT)? In simple terms, turnaround time is the time between the submissions of task and response to the same. As per the Merriam-Webster dictionary, Quick Turnaround time means, “the action of receiving, processing, and returning something in less than 24 hours for most of the orders. Popular acronym for Quick Turnaround time is QTAT. Need for Quick Turnaround Time (QTAT) Finance and Accounting are two very crucial areas of business. They not only determine the business profitability but also help you to identify the business areas having scope of improvement. Accounting eats up a major […] - [Importance of Document Management System](https://bkcprohub.com/importance-of-document-management-system/): Introduction A Computer based system which is used to track, manage and store documents is known as Document Management System (DMS). Such system also offers various features such as tracking of modifications post-final version, date of modifications, details of the person who modified the data, Security access and control etc. In simpler terms, a DMS makes it easier to integrate paper and digital files for the business. It also enables easy storage and ease of access. Do I need a DMS? Yes you should opt for a DMS if you find it cumber-some to manage your documents including invoices and emails. […] - [Cloud Accounting v Traditional Accounting](https://bkcprohub.com/cloud-accounting-v-traditional-accounting/): Introduction The Popularity of Cloud Accounting is on all-time high and sores on Cloud 9. But we all know that accounting has been around even before the advent of Paper Money but then with the invention of calculators the accounting process has become quicker and faster and then with computers and cloud accounting, the same process goes on improving. Cloud Accounting means use of the internet services and storing the entire data on an online server which can be accessed from anywhere globally just like our email accounts. Benefits of Cloud Accounting The Cost of Cloud Computing is lower as […] - [QuickBooks Online Tutorials for SMBs: Overview](https://bkcprohub.com/quickbooks-online-tutorials-for-smbs-overview/): Learn QuickBooks Online, manage your own Accounting and save cost! BKCProHub is glad to announce the series on QuickBooks Online Tutorials exclusively for SMBs. Having served SMBs for 35+ years as Professional Accounting Firm, we exactly know what SMBs want and what are their problem areas. This is a series of very small videos, mostly each of less than 60 seconds to help you understand how to do your own accounting with QuickBooks Online. We will come up with a new videos in the series every week. Feel free to contact us on support@bkcprohub.com for any query. Transcript of the first video: […] - [Essential GST/HST Facts: Top 3 Tips](https://bkcprohub.com/3-things-you-must-know-about-gst-hst/): GST / HST, An Overview GST (Goods and Service Tax) or HST (Harmonized Sales Tax) is a tax charged on the supply of goods and services made in US or Canada and on the importation of goods thereto. It is also charged in various other parts of the Globe with the same or other names like VAT (Value Added Tax), Sales Tax or Service Tax. How it affect your business? Almost all businesses are affected by GST or HST as they either deal in goods or services. If you supply goods or services in your own country, most of such goods and […] - [Invoice Automation & Batch Email](https://bkcprohub.com/invoice-automation-batch-email/): Have same Invoices each month? Automate Invoicing and focus more on your Business! We know you want more time for your business. If you have same invoicing every month for your customers, this will certainly help you save lot of your time. Open your QuickBooks Online Company and click the gear icon on the top-right corner. Click “Company Settings” and then click “Sales” and “Sales form contents”. Select your default delivery method as “Send later”. This will by default set your delivery method for your new customers to be “Send later”, however, you will have to change it manually for […] - [Automate Accounting Document Sharing](https://bkcprohub.com/automate-accounting-document-sharing/): Do you want to automate the document sharing process? With Gmail and Google Drive, It’s simple! This is how you go. Let’s first see for those receipts or bills that you receive in your email account associated with Gmail. This will automatically save all your bills or receipts on your Google Drive. Open your gmail account. Go to the gear icon on the top right corner and select “settings”. Go to “Filters and Blocked Addresses” tab and click “create a new filter”. Type the email address of your vendor sending bills or receipts Type your own email address where you […] - [Share Accounting Documents](https://bkcprohub.com/share-accounting-documents/): The most important challenge a client faces while outsourcing the accounting is, How to Share Accounting Documents? The best way to do this is to share them on cloud. Choose from the free and paid cloud storage services. Google Drive and Dropbox are mostly used free cloud storage services which are quite secured and reliable. However, if you wish to go for paid services then Spring CM is one of such premium service providers having much more than just a cloud storage including work flow management system. Google Drive and Dropbox have their presence on all platforms, web, PC / […] - [6 steps of Canada Payroll Taxes](https://bkcprohub.com/6-steps-of-canada-payroll-taxes/): An Employer, Trustee or Payer of remuneration or other types of income, is responsible to deduct Canada Payroll Taxes while making payment of such remuneration or other types of income. Payroll taxes include Canada Pension Plan (CPP), Employment Insurance (EI) and Income Tax. How Canada Payroll Taxes Works? If you are an employer, trustee or payer, you should deduct CPP, EI and Income Tax while paying remuneration or other types of income and remit such payroll tax deductions plus your share to the Canada Revenue Agency (CRA) by the deadline. What are the Steps to follow while complying with Payroll Taxes? The […] - [Singapore Personal Income Tax – 4 things to know](https://bkcprohub.com/singapore-personal-income-tax-4-things-to-know/): Are you a local or a foreign Individual employee, self-employed or doing business in Singapore? You should know these 4 things on Singapore Personal Income Tax to ensure you are statutorily compliant in Singapore. 1. Do you need to file your Singapore Personal Income Tax Return? Check if you need to file your tax return this year through “Filetax” which is an IRAS SMS Mobile Service. Filetaxallows you to check whether you are required to file your income tax return for the Year of Assessment 2015.  This service is free. However, prevailing SMS charges apply. How to use Filetax? Step 1: Compose […] - [GST/HST Instalment Payments](https://bkcprohub.com/gst-hst-instalment-payments/): Who should pay GST/HST by Instalment? Normally, GST/HST payments are due on the same day GST/HST returns are due. If you are an annual filer, you need to pay your GST/HST by the due date to file return and the same goes for quarterly filers who have to pay GST/HST by the due date to file their quarterly return. However, if you are an annual filer and your net GST/HST in a fiscal year is $3,000or more, you have to make equal quarterly instalment payments in the following fiscal year. For example, if your GST/HST in 2014 is $3,000 or more, you […] - [13 Changes in Income Tax Return Form for AY 2014-15](https://bkcprohub.com/13-changes-in-income-tax-return-form-for-ay-2014-15/): Snapshot of changes in Income Tax Return Form for AY 2014-15 The Income Tax Department has notified major changes in Income tax return form AY 2014-15 relevant Financial Year 2013-14; All taxpayers filing E-Returns will have to compulsorily update their correct mobile numbers and E- email ids Income Tax Refund will be issued directly in the bank account of the taxpayer through ECS, cheques are discontinued. Therefore be careful while mentioning Bank Account Number and IFSC in the Income tax returns While claiming TDS in Income Tax return facility has been given to bring forward the TDS of previous year and to carry […] - [Tax Breaks for FIFA World Cup Sponsors](https://bkcprohub.com/tax-breaks-for-fifa-world-cup-sponsors/): Love football… Crazy about FIFA World Cup… Do you know that the Brazilians pay price of tax breaks for FIFA World Cup Sponsors? You must know that FIFA, football’s governing body, imposes preconditions on the host countries to allow tax exemptions for FIFA, its subsidiaries and sponsors. This time, FIFA, has imposed condition on Brazil as a host country of the World Cup, to grant huge tax breaks to the World Cup Sponsors. As per the campaign by InspirAction, Christian Aid’s Spanish organisation, it is expected that Brazil will lose up to £312 million in the form of foregone tax […] - [Electronic sales suppression software - Illegal and attracts severe penalties](https://bkcprohub.com/electronic-sales-suppression-software-illegal-and-attracts-severe-penalties/): New penalties for businesses that use illegal electronic sales suppression software Are you using Electronic Sales Suppression Software (ESS) to conceal your sales? CRA can slap you a severe penalties and prosecution leading to jail term upto 5 years! What is ESS? ESS software (commonly known as zapper software) is illegal and is designed to work with point‑of‑sale systems and electronic cash registers. Businesses use them to knowingly delete or conceal part of their sales from their computer records to reduce their GST/HST and income tax obligations which is nothing but unethical and illegal avoidance of tax and is a […] - [Factoring Solutions – As a tool of Working Capital Finance](https://bkcprohub.com/factoring-solutions-as-a-tool-of-working-capital-finance/): Looking for Working Capital Finance? Use Factoring Solutions to leverage your cost of working capital! Working Capital is one of the main factors leading to smooth functioning of any business. In absence of adequate working capital funds, the business gets suffocated and in the long run the very existence of the business comes at stake. The present article explains “Factoring Solutions” as a tool of meeting working capital needs of any business. What is Factoring Solutions? Factoring is a form of financial assistance which is obtained on discounting of bills receivable. It is a financial transaction in which a business sells its accounts receivable, […] - [No TDS on Service Tax](https://bkcprohub.com/no-tds-on-service-tax/): CBDT clarifies, no TDS on Service Tax in all payments to Residents The CBDT had clarified initially on no tax deduction on service tax component in the case of TDS on Rent u/s.194-I. However, with the instant circular, the said clarification has been extended to all payments to residents. The CBDT has clarified by CIRCULAR NO. 1/2014 [F.NO.275/59/2012-IT(B)], DATED 13-1-2014 that NO TDS to be deducted on the Service Tax Component comprised of payments made to Residents if indicated separately. To clarify further, if the fees are inclusive of service tax component and the service tax is not separately charged in […] - [No TDS (Withholding Tax) on payment to Non-Residents](https://bkcprohub.com/no-tds-withholding-tax-on-payment-to-non-residents/): Neither sec. 194C nor sec. 195 attracted if sums paid to NR outside India for services rendered outside India The Hon’ble Delhi Tribunal (Bench “B”) has held that no TDS is deducted from the payments to Non-Residents when the services are rendered outside India. In the instant case, it is held that where assessee paid freight charges to foreign parties outside India for rendering services abroad, income did not accrue or arise in India and, thus, assessee was not liable to deduct tax at source while making said payments. [2013] 40 taxmann.com 310 (Delhi – Trib.) Deputy Commissioner of Income-tax – Circle-3(1), New Delhi v. Chandabh Impex […] - [Announcing a Better, Faster and Smoother Support Process](https://bkcprohub.com/announcing-a-better-faster-and-smoother-support-process/): As part of our continuous effort to give you a better experience, we have just started our customer support processes by getting associated with Freshdesk (www.freshdesk.com). We strive to take full advantage of the powerful capabilities and best-practices in Freshdesk, to give you a better support experience. How does this make a difference to you? Not a lot changes in terms of how you get in touch with us. You can shoot us an email to support@bkcprohub.com , and our support system will automatically create a ticket on your behalf. You will also be notified of our responses and status […] - [Direct Deposit of Payments from Canada Revenue Agency](https://bkcprohub.com/direct-deposit-of-payments-from-canada-revenue-agency/): Sit back and get your tax payments directly deposited in your Bank Account. The Government of Canada will increase the use of direct deposit by phasing out federal government cheques by April 2016. Why Choose Direct Deposit: It is convenient, Reliable, Secure and Low Cost method of payment Myth v. Fact:Myth: When I sign up for direct deposit and give my banking information, the Canada Revenue Agency (CRA) can also use this information to take any money I may owe from my bank account.Fact: If you owe money to the CRA, giving your banking information will not trigger the process of withdrawing […] - [Why Outsource Accounting? 7 reasons to Outsource Accounting will help you take the correct decision](https://bkcprohub.com/7-reasons-to-outsource-accounting/): Focus on your Core Business Outsource Accounting to grow your business. You are a businessman and your focus and concentration should only be on your core business activities which will increase your business and which is your sole motive. By outsourcing your accounting department, you will be relieved from all the accounting worries and would be able to devote your precious time for your core business activities. Let Experts do the WorkAll are not good at everything. It is necessary to understand that Accounting is a skilled job and needs to be handled by the Expert Accountants who know accounting better than […] ## Pages - [Pricing](https://bkcprohub.com/pricing/): Transparent Pricing | Outsourced Accounting & Tax Services | BKCProHub Transparent Pricing · No Surprises Expert Accounting & Tax Services at 40–67% LessThan Local Rates Predictable monthly retainers — not hourly billing. Fully managed bookkeeping, accounting, payroll, Virtual CFO and Tax services for businesses in the USA, Canada, and UK. 40–67% savings vs local providers Since 2009 serving USA, Canada & UK 3 layers AI + Expert Review + Intelligence 0 surprises fixed monthly retainer model No hourly billing ever Compliance guaranteed US GAAP · IFRS · CRA · HMRC Cancel with 30 days’ notice Track 1 Business Intelligence Suite […] - [E-Commerce Accounting Health Check | BKCProHub](https://bkcprohub.com/e-commerce-accounting-health-check-bkcprohub/): Free E-commerce Accounting Health Check | BKCProHub Selling on Amazon, Shopify & Walmart? Your Books Are Probably a Mess. Multi-marketplace chaos is costing you money every single day. We reconcile every transaction across all your channels in 24 hours—with 99.99% accuracy. Get Your FREE Accounting Health Check No credit card required • Results in 48 hours • See exactly where your numbers are broken ✓ 200+ e-commerce brands trust us ✓ 99.99% accuracy guaranteed ✓ Serving 6+ countries since 2009 Sound Familiar? ☐ Your bank deposits don’t match marketplace payouts ☐ You can’t track profitability by product or channel ☐ […] - [Review Service](https://bkcprohub.com/accounts-payable-receivable-financial-statements/): Outsourcing Accounts Payable Services in the USA Review of Accounting, Payroll & Financial Statements Outsourced Accounts Payable USA Accounts payable outsourcing in USA offers businesses a strategic advantage by providing cost-effective and efficient solutions for managing financial transactions. By leveraging the expertise of skilled professionals and advanced technologies, companies can streamline their accounts payable processes. This not only leads to reduced operational costs but also ensures accuracy and compliance with regulatory standards. With USA being a global hub for outsourcing account payable services, businesses can tap into a vast pool of talented professionals who are well-versed in handling complex financial […] - [Purchase to Pay (P2P)](https://bkcprohub.com/purchase-to-pay-p2p/): Purchase to Pay (P2P) BKCProHub: Your Partner for Purchase to Pay (P2P) Success BKCProHub is an outsourced accounting services provider that specializes in providing Purchase to Pay (P2P) solutions. We help businesses of all sizes streamline their P2P processes, improve efficiency, and reduce costs. Our P2P services include: – Supplier onboarding and management: We help you onboard new suppliers and manage your existing supplier relationships. We can help you create and negotiate contracts, track supplier performance, and resolve disputes. – Purchase order processing: We process your purchase orders, ensuring that they are accurate and compliant. We can also help you track your inventory […] - [Privacy Policy](https://bkcprohub.com/privacy-policy/): Privacy Policy Privacy Policy What information do we collect? We collect information from you when you fill out a form or share Personal Details. When using any form, as appropriate, you may be asked to enter your: name, e-mail address, mailing address, phone number, social security number, or PAN no. etc. You may, however, visit our site anonymously. What do we use your information for? Any of the information we collect from you may be used in one of the following ways: – To personalize your experience (your information helps us to better respond to your individual needs) – To […] - [Accounts Reconciliation Services](https://bkcprohub.com/accounts-reconciliation-services/): Accounts Reconciliation Services for Seamless Financial Operations Outsource Accounts Reconciliation, Bank Reconciliation Services Understanding the Essence of Accounts Reconciliation Within the complex realm of financial management, accounts reconciliation is revealed as an exacting procedure that is essential to the general well-being of any company. In this procedure, the actual account balance is meticulously checked against supporting documentation, like bank statements. Its importance comes from its capacity to quickly detect and fix errors as well as from guaranteeing the dependability and correctness of financial records. Accounts reconciliation is an essential task that should not be disregarded, regardless of the size, structure, […] - [Netsuite Accounting](https://bkcprohub.com/netsuite-accounting/): Efficient Netsuite Outsourced Accounting Outsource Netsuite Accounting and bookkeeping Services The BKC Pro Hub team is comprised of highly qualified professionals, including seasoned CPAs and Certified NetSuite Professionals. Our team not only meets but exceeds your financial and accounting needs due to our extensive knowledge of various industries. Why Choose Netsuite Outsourced Accounting? Netsuite Accounting with BKC PRO HUB 1) Unmatched Netsuite Expertise With extensive experience in Netsuite and other accounting software, we ensure your financial data is managed precisely. 2) Customized Solutions for Your Business We recognize that every business and accounting tasks is unique. Our Netsuite outsourced accounting services are […] - [Outsource Bookkeeping](https://bkcprohub.com/outsource-bookkeeping-services/): Bookkeeping Outsourcing Services in USA The need for expansion exists in harmony with the complexity of managing the affairs financially. Awareness of this intricate equilibrium is an important element of our specialised outsourced bookkeeping and payroll services in USA with India, which have been crafted exclusively for companies such as yours. Why should you consider outsourcing bookkeeping services in USA? Outsourced Bookkeeping with BKCPROHUB Trustworthy Expertise Our experienced team of experts and accounting firms is second to none. They can do more than simply keep financial records; they strive to maintain very strict regulatory compliance. You can be sure that […] - [Outsourced Quickbooks Accounting](https://bkcprohub.com/quickbooks-accounting/): QuickBooks Accounting Outsourced QuickBooks Accounting & Bookkeeping The necessity for innovative financial management solutions has never been greater in today’s fast-paced, ever-changing business environment. Enter BKCProHub, a forerunner in the field of outsourced QuickBooks accounting services that combine excellence with innovation. We recreate the story by implementing cutting-edge practices that amplify the power of QuickBooks and propel your business to unprecedented heights. Join us for an in-depth look at QuickBooks’ dynamic features and learn how BKC Pro Hub is at the forefront of financial innovation, paving the way for a transformative experience for your company. QuickBooks Accounting Services QuickBooks: A Powerful […] - [Thank you](https://bkcprohub.com/thank-you/): Thank you Thank you for choosing BKCProHub as your trusted professional corporation! We appreciate your interest in our services and are eager to assist you with your specific needs. We look forward to the opportunity to serve you and demonstrate our unwavering commitment to delivering exceptional services with integrity and expertise. Back To Home - [Accounts Receivable Outsourcing](https://bkcprohub.com/accounts-receivable-outsourcing/): Accounts Receivable Accounts Receivables Outsourcing Services India Learn the advantages of moving your accounts receivable management by outsourcing to India where there is a skilled workforce with a high level of technology and low costs. Embrace the worldwide trend by improving your business perspective and let us take care of your accounts receivables management details. Account Receivable Services Overview of Outsourced Accounts Receivable Services in India Recognize accounting receivables outsourcing service provision in India as a very valuable product destined to help enterprises around the world. In this detailed review, we shed light on the important considerations and diverse benefits associated with […] - [outsourced controller](https://bkcprohub.com/outsourced-controller/): Take control of your finances with an outsourced controller. Outsourced Controller Services Businesses looking for high-level financial expertise without the commitment of an in-house controller can benefit from outsourced controller services. In addition to strategic insight, budgeting, financial reporting, and risk management, our seasoned professionals oversee your company’s financial operations. Our team of experienced financial professionals ensures that your financial processes are efficient, accurate, and aligned with your business goals. In today’s fast-paced business environment, you can gain a competitive edge by leveraging our Outsourced Controller Services. By partnering with us, you can focus on driving growth and innovation while […] - [Offshore Bookkeeping Services](https://bkcprohub.com/offshore-bookkeeping-services/): Offshore Bookkeeping Services Enter into our outstanding Offshore Bookkeeping Services and we will help you turn your accounting into a competitive edge. The team of experienced offshore accounting specialists works with precision as well as efficiency to ensure the success of your business in the long run. Join us in exploring the possibilities of effortless accounting solutions for your future. BKCPROHUB Bookkeeping Service Offering Account Setup Account Payables Account Receivable Account Reconciliations MIS & Reporting Dashboard Offshore Bookkeeping Services With BKC PRO HUB Advantage of offshore bookkeeping at BKCPROHUB See the advantages of offshore bookkeeping with BKCPROHUB and improve your […] - [finance outsourcing services](https://bkcprohub.com/finance-outsourcing-services/): Financial Process Outsourcing Services Are you looking for ways to enhance your business’s operational efficiency and reduce costs? Your company could gain significantly from financial process outsourcing (FPO) by BKC Pro Hub. By assigning financial duties and responsibilities to specialized service providers, FPO offers numerous benefits and frees up business resources for core competencies. India’s skilled workforce, affordable solutions, technological advancements, and strong data security have made it a strategic choice for businesses globally in the financial process outsourcing space. Businesses can access specialized knowledge, lower expenses on overhead, and streamline operations by outsourcing financial tasks.But wait, there’s more! What […] - [Our Legacy](https://bkcprohub.com/our-legacy/): Our Legacy 2009FoundedStarted BKCProHUB2010ExpandedStarted operations for Canadian Clients2011ExpandedStarted operations for US Clients2013ExpandedStarted operations for Singapore Clients2014ExpandedStarted operations for UK Clients2016ExpandedStarted operations for Indian Clients2018ExpandedStarted operations for Australian Clients Contact Us We Are Always Here To Answer You - [Blog](https://bkcprohub.com/blog/): BLOG How a $12M Construction Project Nearly Collapsed When the Numbers Don’t Add Up: How a $12M Construction Project Nearly Collapsed (And the Warning Signs Every Builder Ignores) The 3 AM Phone Call That Changed Everything Marcus Rivera had built… Read More How an E-commerce Brand Went from Chaos to Clarity | BKCProHub E-commerce Accounting Services: How a Brand Went from Chaos to Clarity (Real brand name replaced for confidentiality purposes) When a fast-growing North American e-commerce brand found its sales… Read More The Real Cost of Bad Bookkeeping & How to Fix It Fast The Real Cost of Bad […] - [Post Page](https://bkcprohub.com/post-page/) - [Contact](https://bkcprohub.com/contact-us/): Contact Send Your Message United States 733 3rd Ave Floor 16 #1044 New York, NY 10017 United States support@bkcprohub.com +1 (646) 922 3390 +1 (646) 349 0921 Canada 901 King St W. Toronto, ON M5V 3H5 support@bkcprohub.com +1 (647) 367 7443 India (Mumbai) Hiranandani Estate, Ghod Bandar Road, Thane, Mumbai, MH, India – 400 607 support@bkcprohub.com +91 88664 11888 India (GujArat) D-407, The First, Behind ITC Narmada, Vastrapur, Ahmedabad, GJ, India – 380 015 support@bkcprohub.com +91 98250 57573 - [FAQ](https://bkcprohub.com/faqs/): FAQs FAQs Why Outsource? Average cost saving of 53% across all business. 57% cost saving in accounting and financial services. 85% companies agree that “Companies hiring online gain competitive advantage”. 69% companies say that “Quality of talent online is better or equal to local talent”. Why Outsource to India? 80% of European and US outsourcing firms ranked India as their number one outsourcing destination. India has the largest technical and professional talent pool in the world. India #2 in the total number of English speakers in the world. Quick TAT – Time saving due to time zone arbitrage. Why Outsource […] - [People & Culture Manager](https://bkcprohub.com/careers/people-culture-manager/): People & Culture Manager – Careers with BKCPROHUB People & Culture Manager Location: Ahmedabad Department: Offshore Business Services BKCProHub (legal name: BKC Consultants Private Limited) is hiring a dynamic People & Culture Manager who has required skills. BKC Consultants Private Limited is a Ahmedabad based offshore consulting company having an office presence at Mumbai in India and brand extensions at the US, Canada and the UK, primarily working in accounting and compliance services having a focus on the United States, Canada and United Kingdom. If you are looking for a work life balance, corporate culture, decentralisation of authority and work […] - [Reviewer](https://bkcprohub.com/careers/reviewer/): Reviewer – Careers with BKCPROHUB Reviewer Location: Ahmedabad Department: Offshore Business Services BKCProHub (legal name: BKC Consultants Private Limited) is hiring a dynamic Accounting & Compliance Reviewer, who has domain expertise and is willing to grow as a stakeholder in the firm. BKC Consultants Private Limited is a Ahmedabad based offshore consulting company having an office presence at Mumbai in India and brand extensions at the US, Canada and the UK, primarily working in accounting and compliance services having a focus on the United States, Canada and United Kingdom. If you are looking for a work life balance, corporate culture, […] - [Inventory Account Specialist](https://bkcprohub.com/careers/inventory-account-specialist/): Inventory Account Specialist – Careers with BKCPROHUB Inventory Account Specialist Location: Ahmedabad Department: Offshore Business Services BKCProHub (legal name: BKC Consultants Private Limited) is hiring a dynamic Inventory Accounting Associate who has domain expertise. BKC Consultants Private Limited is a Ahmedabad based offshore consulting company having an office presence at Mumbai in India and brand extensions at the US, Canada and the UK, primarily working in accounting and compliance services having a focus on the United States, Canada and United Kingdom. If you are looking for a work life balance, corporate culture, decentralisation of authority and work independence, this is […] - [Account Payable Associate](https://bkcprohub.com/careers/business-intelligence/): Account Payable Associate – Careers with BKCPROHUB Account Payable Associate Location: Ahmedabad Department: Offshore Business Services BKCProHub (legal name: BKC Consultants Private Limited) is hiring a dynamic Accounts Payable (P2P) Specialist who has domain expertise. BKC Consultants Private Limited is a Ahmedabad based offshore consulting company having an office presence at Mumbai in India and brand extensions at the US, Canada and the UK, primarily working in accounting and compliance services having a focus on the United States, Canada and United Kingdom. If you are looking for a work life balance, corporate culture, decentralisation of authority and work independence, this […] - [Careers with BKCPROHUB](https://bkcprohub.com/careers/communications/): Account Receivable – Careers with BKCPROHUB Account Receivable Specialist Location: Ahmedabad Department: Offshore Business Services BKCProHub (legal name: BKC Consultants Private Limited) is hiring a dynamic Accounts Receivable (O2C) Specialist who has domain expertise. BKC Consultants Private Limited is a Ahmedabad based offshore consulting company having an office presence at Mumbai in India and brand extensions at the US, Canada and the UK, primarily working in accounting and compliance services having a focus on the United States, Canada and United Kingdom. If you are looking for a work life balance, corporate culture, decentralisation of authority and work independence, this is […] - [customer service](https://bkcprohub.com/careers/customer-service/): Customer Service – Careers with BKCPROHUB Audit & Attestation Specialist Location: Ahmedabad Department: Domestic Business Services KCJM is hiring a dynamic Audit & Attestation Specialist who has domain expertise and is willing to grow as a stakeholder in the firm. KCJM is an ICAI registered Partnership Firm of Chartered Accountants having 20+ years of experience in the profession. If you are looking for a work life balance, corporate culture, decentralisation of authority and work independence, this is the right place for you. Please find the job description below; Responsibilities Preparation of audit plans and programs. Professionally manage all types of […] - [Careers](https://bkcprohub.com/careers/): Join our team Join BKC PRO HUB Make your accounting career better ! Make your accounting career better! Join hands with BKCProhub. BKCprohub is a team of career-focused and driven accountants having expertise in various industries. If your aim is to become one of the known accountants in future with vast industry experience then we have a seat for you. Open Positions Here are the listed openings in BKCProhub. If you think, you are a right fit for one of these, then push the – Apply Now! Audit & Attestation Specialist KCJM is hiring a dynamic Audit and attestation Specialist […] - [Life At BKC](https://bkcprohub.com/life-at-bkc/): Life At BKC 2022 06 Camp Picnic https://bkcprohub.com/wp-content/uploads/2023/09/20220625_174436_01-1-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/20220625_174341_01-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/20220625_174158_99-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/20220625_174715_99-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/Snapchat-1911661817-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/20220625_174252_99-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/Snapchat-1911661817-1-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/20220625_183026-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/20220625_174924_06-1.mp4https://bkcprohub.com/wp-content/uploads/2023/09/20220625_174436_01-1.mp4 Contact Us We Are Always Here To Answer You - [Our Videos](https://bkcprohub.com/our-videos/): Our Videos Contact Us We Are Always Here To Answer You - [Accounting Services](https://bkcprohub.com/outsourced-accounting-services/): Outsourced Accounting Services in USA Review of Accounting, Payroll & Financial Statements Accounting Outsourcing Services in USA Businesses and outsourcing accounting firms frequently face seasonal fluctuations in workload in the ever-changing realm of accounting outsourcing services. Peak seasons and year-end closings necessitate specialized expertise, which can lead to extended turnaround times, errors, and operational inefficiencies. These challenges can have a knock-on effect, increasing costs, diverting attention away from strategic initiatives, and increasing regulatory compliance risks, putting both firms and clients at risk. Why BKCProhub ? process Strategic Solutions for Peak Seasons Outsourced accounting services in USA emerge as a strategic solution designed […] - [Business Registration](https://bkcprohub.com/global-business-registration/): Business Registration Do Business in India, USA, Canada, UK or Singapore and Rise to Sky Register Your Business Abroad… Join thousands of business entities who have setup their businesses in offshore locations be it India, United States, Canada, Great Britain (UK) or Singapore. Engage with our incorporation specialist who will guide you through all your questions, i.e, why, where and how. Each of these countries have their own advantages and depending on your needs, they will provide suitable vehicle to do your business. They support online incorporation of company and our company registration package come with services to get your business up […] - [Corporate & Income Tax](https://bkcprohub.com/outsource-tax-preparation-services/): Outsourcing Tax Preparation Services in USA Tax Return Preparation and Filing Corporate & Income Tax Preparation Services Outsourcing tax preparation services in USA provides an important competitive edge through improved tax management practices among businesses. Deciding to pass on the tax preparation outsourcing process to well trained Indian personnel, however, provides an economical solution as well as the assurance of high quality. The Indian outsourcing sector has a strong network allowing businesses to tap into a repository of skilled tax experts trained in local as well as overseas laws. Instead, businesses choose external tax preparation outsourcing services that enables them […] - [Financial & management accounting](https://bkcprohub.com/financial-reporting-and-management/): Financial & management accounting in the USA Bookkeeping services, Reconciliation, Books Cleanup & Year-End Adjustments, Invoicing, AR/AP Management, Strategic Reports, Budget & Variance Analysis Accounting…. Simplified! Financial Accounting is a necessity of any business not only for tax filing but also to get some valuable piece of information on how your business is doing. The financial statements, at the end of the accounting cycle, give you first hand information on the operating efficiency and financial strength of your business.   Paperless Just share your bills / receipts and bank / credit card statements on Document Management System and that’s it. […] - [GST HST](https://bkcprohub.com/gst-sales-turbotax/): GST HST GST / HST / VAT Reports, Return Preparation and filing GST / HST, An Overview GST (Goods and Service Tax) or HST (Harmonized Sales Tax) is a tax charged on the supply of goods and services made in US or Canada and on the importation of goods thereto. It is also charged in various other parts of the Globe with the same or other names like VAT (Value Added Tax), Sales Tax or Service Tax. Presently we support GST / HST preparation and filing for Canada, United States of America and Singapore. HOW GHT/HST Affects Your Business ? […] - [Payroll](https://bkcprohub.com/payroll-outsourcing-services/): Payroll Outsource Company in USA Payroll management, processing, reports, statement preparation and filing Payroll Outsourcing Processing Services in USA Today, India has established itself as a superpower where people outsource payroll outsourcing services in an ever-changing international business arena. The experience of the outsourcing providers is proof that the country excels in the complexity of salaries and calculations. Such individuals possess a unique capability of navigating the intricacies of outsourced payroll service operations for the purpose of delivering not only correct but also compliant payrolls in different jurisdictions. Cost-effectiveness is not the only advantage of outsourcing payroll processing to USA; […] - [Inventory Management & Accounting Solutions](https://bkcprohub.com/inventory-management/): Inventory Management & Accounting Solutions BKCProHub: Your Partner in Inventory Management and Accounting Solutions BKCProHub is a leading provider of outsourced accounting services, specializing in inventory management and accounting solutions. We help businesses of all sizes improve their financial performance by providing them with the expertise and resources they need to manage their inventory and accounts effectively.   Our team of experienced accountants and inventory management professionals has a deep understanding of the challenges and opportunities facing businesses today.   We use our knowledge and expertise to help you: Improve your inventory accuracy and efficiency Reduce your inventory costs Improve your cash […] - [Order To Cash (O2C)](https://bkcprohub.com/order-to-cash-o2c/): Order to Cash (O2C) BKCProHub: Order to Cash (O2C) Solutions BKCProHub is a leading provider of outsourced accounting services, specializing in Order to Cash (O2C) solutions. We help businesses of all sizes streamline their order-to-cash process, from order management and fulfillment to invoicing and payment collection.   Our O2C solutions are designed to improve your cash flow, reduce costs, and increase customer satisfaction. We offer a wide range of services, including: Order management and fulfillment Invoicing and credit management Return Authorizations management Payment processing and collection Dispute resolution Analytics and reporting We also offer a variety of add-on services, such as: […] - [Accounting Tax Services For CPA Firms](https://bkcprohub.com/outsource-cpa-services-for-startup/): Accounting & Tax services for CPA Firms Outsource CPA Services For Startup in The USA The rapidly developing landscape in the accounting industry is becoming more difficult for CPA firms, requiring an intelligent response to the intensifying needs of the clients. For this reason, BKCProHub serves as a point of reference to CPA firms that wish not only to keep up with but to outperform a client’s expectations. The company will offer quality, CPA firm outsourcing services to accounting and tax needs that aim at reducing complexities that come as a result of excessive workload enabling CPA firms to compete […] - [Virtual CFO Services](https://bkcprohub.com/virtual-cfo-services/): Virtual CFO Services For Startups BKCProHub is proud to provide exemplary startup professional virtual CFO services that constitute a firm foundation for successful startups. However, it involves more than mere financial management but a comprehensive partnership between financial and futuristic skills. As a specialist with profound knowledge of the complex financial problems of startups, our CFO accounting services are precisely designed to promote long-term success by offering customised and efficient professional assistance without the founders having to afford a full-fledged CFO. Thus, our team will not only act in the role of financial watchdogs but also as strategic friends knowledgeable of […] - [Experienced Professionals](https://bkcprohub.com/experienced-professionals/): Experienced Professionals Experienced Professional Resources We, at BKCProHub, understand the critical importance of accuracy, attention to detail, and comprehensive knowledge of accounting and tax laws, including IFRS and US GAAP. Our success hinges on the strength of our professional resources, who form the backbone of our operations. At BKCProHub, we recognize the complexity of the services we provide, such as P2P management and tax filing. These areas require flawless execution, leaving no room for even the smallest margin of error. To ensure that we consistently meet our clients’ project requirements, we have assembled a team of highly experienced professionals, each possessing the […] - [audit support](https://bkcprohub.com/audit-support/): Audit Support Audit Support Services for Listed & Unlisted Entities BKCProHub is your trusted partner for comprehensive audit support services. We specialize in providing end-to-end solutions to our clients, whether they are listed or unlisted entities. With our expertise in finance process outsourcing, we offer a range of audit support services that can be tailored to meet your specific needs.   1. Documentation of Vouching & Verification:   We understand the importance of rigorous testing and documentation in the audit process. Our team excels in preparing detailed substantiate testing documentation, ensuring that all necessary vouching and verifications are accurately recorded. […] - [Flexible Pricing](https://bkcprohub.com/flexible-pricing/): Flexible Pricing Competitive & Flexible Pricing We, at BKCProHub, understand that every business is unique, and that’s why we take a tailored approach to our pricing. Our pricing policy sets us apart from our peers and ensures that you receive the most value for your investment. At BKCProHub, we offer a range of pricing options designed to meet the diverse needs of our clients. Whether you’re a small business or a large corporation, we have a plan that suits you. One of the key aspects of our pricing is the flexibility it provides. We believe that pricing should be based […] - [MIS & Reporting Dashboard](https://bkcprohub.com/mis-reporting-dashboard/): MIS & Reporting Dashboard Customised MIS & Reporting Dashboard BKCProHub, is your trusted provider of Customized Management Information Systems (MIS) and client-specific Reporting Dashboards. We understand the importance of leveraging data effectively to make informed decisions and streamline operations. With our tailored solutions, we aim to deliver exceptional client satisfaction. Our Customized MIS solutions are designed to meet the unique requirements of each client. We work closely with you to understand your specific needs and challenges. By leveraging our expertise in data management and system development, we create MIS that empower you to harness the full potential of your data. One […] - [Custom SoPs](https://bkcprohub.com/custom-sops/): Custom SoPs SoP Driven Services For Each Unique Client At BKCProHub, we understand that every client is unique, with their own set of challenges and requirements. We are committed to providing comprehensive and tailored solutions to assist our clients in strategic decision-making. With our expertise in management and financial accounting, we offer outsourced services that are completely aligned with your specific needs. One of the key aspects of our service is the development of customized Standard Operating Procedures (SOPs) for each client. We recognize that efficient and systematic processes are essential for successful business operations. Therefore, we begin our journey […] - [Commitment](https://bkcprohub.com/commitment/): Commitment Commitment Is An Act, Not A Word – 24 Hours TAT In All Matters Introduction:   At BKCProHub, we go beyond words and demonstrate our unwavering commitment to our clients. As a leading provider of accounting and tax compliance services, we firmly believe that commitment is not merely a statement but an action. We understand the criticality of timelines and quality, and we strive to exceed your expectations every step of the way. With our dedicated team of experts, we offer a comprehensive range of services to ensure your tax compliance needs are met with precision and efficiency.   Unmatched Commitment to […] - [Transparency](https://bkcprohub.com/transparency/): Transparency Transparent Accounting Outsourcing Services: Empowering Your Business With Clarity And Trust Introduction: At BKCProHub, we prioritize transparency in our client relationships, as we believe it is the cornerstone of building trust and fostering long-term partnerships. With our personalized approach, customized standard operating procedures (SOPs), and efficient project management tools, we ensure that our clients have full visibility into our processes, timelines, and progress. Experience the power of transparency as we collaborate seamlessly to streamline your financial operations. Understanding Your Business: At BKCProHub, we recognize that each client is unique, with distinct business requirements and financial processes. Our personalized approach sets us apart, […] - [Automation](https://bkcprohub.com/automation/): Automation Maximum Quality with Minimum Efforts through Automation BKCProHub is your trusted partner in accounting outsourcing. We are dedicated to delivering maximum quality with minimum effort through the power of automation. By harnessing the capabilities of Python and Advanced Excel, we revolutionize the way accounting tasks are handled, saving time and cost for our clients while increasing the efficiency and quality of our team’s work. In today’s fast-paced business environment, staying ahead requires streamlining processes and optimizing resources. Our approach is centered around automation, enabling us to eliminate repetitive tasks and focus on value-added activities that truly matter to your business. […] - [who we are](https://bkcprohub.com/who-we-are/): About Us Work with mind, excited by your goals and enthusiastic to bring comprehensive solutions. We are a bookkeeping, tax and accounting advisory firm with a disciplinary and competitive team. Serving globally, we work with entrepreneurs, big organizations and huge corporations mainly in Canada, USA, UK and Australia. Apparently, India is one of the trusted outsourcing destinations for global leaders. In keeping with this, BKCProhub continually strives to maintain and surpass international standards. We make tracking easy! Record your firm’s growth effortlessly through cloud-based advanced accounting managed by proactive accountants. Receive full-service support at every stage for better results. Our Mission Making track of […] - [Home](https://bkcprohub.com/): Leading Outsourced Accounting Firm in USA Your premier provider of outsourced accounting firm since 2009, we offer expertise in tax services, bookkeeping, and comprehensive accountancy support. Our offices are strategically located in the USA, Canada, and India. One Accounting Team for All Your Outsourced Accounting Needs A satisfied client is the best business strategy of all  Client satisfaction drives us to go beyond what is expected from an established professional corporate. Outsourced accounting firm Core Team of highly experienced professionals coupled with the BKCProHub ecosystem brings unmatched depth and breadth of expertise with a view to delivering high-quality outsourced accounting services while […] ## Optional - [Agent (MCP protocol)](websites-agents.hostinger.com/bkcprohub.com/mcp) [comment]: # (Generated by Hostinger Tools Plugin)