Search Results for: iris
In-House Vs. Outsourced Payroll: What’s the Difference?
Payroll and labor costs are often the largest investment a business makes. For many companies, payroll can be as much as 70% of their total business costs. Not only is it the most expensive part of companies, but it also plays a significant role in talent retention. Employees start looking for a new job if […]
Know Your Customer (KYC) Best Practices
Know Your Customer (KYC) refers to the processes that financial institutions, banks, and businesses use to verify that all money they handle comes from legal and verified sources. It is designed to prevent financial crimes such as fraud, money laundering, and terrorist financing from taking place.KYC forces you to verify and authenticate the identity of […]
13th Month of Pay: The Complete Guide for Employers
13th Month of Pay Law, ExplainedWhen it comes to operating on an international stage, there are obstacles such as compliance and local regulations that must be expertly navigated. Whilst no small feat, this task becomes magnified when you consider the different countries that your employees are operating in. You’ll need to keep abreast of the […]
How to File Local Taxes in PA: A Guide for Businesses and Employees
As a business owner or employee in Pennsylvania, navigating local taxes can be a bewildering process, whether it’s determining PSD codes, local services tax, local earned income tax in PA, or other responsibilities required for local tax compliance in Pennsylvania.In this article, we will help clarify the process of local tax filing in Pennsylvania to […]
Exploring Employee Benefits: How Much Does It Cost?
Employee benefits are an important part of any business strategy. They create a positive workplace culture, support employee wellbeing, and help retain the best talent. Medical insurance, stocks and shares options, flexible working, and personal training are some of the numerous examples of employee benefits that are available. For employers, this requires a financial commitment […]
What is Corporate Restructuring & How Can You Achieve It?
Corporate restructuring involves initiating changes that strengthen an organization’s financial position and improve its performance. The strategy is typically used when an organization requires effective solutions to ongoing financial challenges.There are many forms of corporate restructuring including debt restructuring, management reshuffles, operational streamlining, and ownership changes. The primary aim of any corporate restructure is to […]
Managing Change in the Workplace
Managing change in the workplace is a process all businesses go through. It’s highly likely that some level of change has taken place in your workplace in the past year. Maybe there’s been a management restructure? Perhaps new company policies have been introduced? Or there’s been a merger between two departments leading to redundancies?The fact […]
The Best 9 Countries for International Expansion in 2024
International expansion offers substantial benefits for ambitious businesses: it opens doors to new markets, diverse customer bases, and fresh collaborations. Whether you’re a startup looking to explore new opportunities, or an established organization aiming to boost its global reach, international expansion is a strategic approach that can help achieve long-term goals.Identifying the best countries to […]
Understanding and Accounting for Earnouts in M&A
Earnouts are a vital bargaining tool used to align the interests of the buyer and seller in Mergers & Acquisitions (M&A). Their purpose is to bridge valuation gaps between both parties and ensure additional compensation is paid if a business achieves predetermined financial targets after it’s sold.The implementation of earnouts can be complex as part […]
Your Guide to Document Security
Your clients trust you with their financial and personal information and expect you to keep it safe and secure. In the wrong hands, that information could destroy your clients’ credit, wipe away their savings, and steal their identity.Here are four steps you can take today to improve your document security and better protect your clients’ […]
Introduction to Accounting Document Automation
What is document automation?Document automation is exactly what it sounds like—automating the creation of various types of documents at scale.Did you know that roughly 70% of workers say they spend 1-3 hours every day moving data from one place to another, and an additional 1-3 hours trying to find the information they need?Document automation tackles […]
The Difference Between HR and Payroll
While some people may confuse Human Resources (HR) and payroll, the two teams handle different key aspects of your company. Here’s your chance to learn more about the difference between HR and payroll.What Is Human Resources Responsible For?The easiest way to remember what HR is responsible for is right in the name – the humans.It’s […]
