Megasoft’s Customized Service Delivery For Small To Mid-Sized Business Owners

As a small and medium-sized enterprises (SME) business owner, we comprehend that you have a sturdy penchant for evolution and a rock solid perseverance to stay forward in the game. As your company expands, do you search yourself investing a lot of time in your non-core business and not enough time on your core business? That is the reason, you require business cohorts who can anticipate your needs, rather than simply try to keep pace with your thinking.

Our petite to mid-size business solutions can support you with responsibilities such as small business accounting, bookkeeping, controller, etc as well as integration and accounting systems automation. We assist you free-up your time to emphasize on operating your company by providing a complete array of business solutions. We have designed a solution that is perfect for all businesses rather it small or mid size. Also, the solution is completely customized as per your requirements as well as specifications.

Further, our tailored small to mid-sized business solutions could also comprise of functions like data entry and proffering dedicated workforce.

Our custom solutions assist SMEs to overcome their unmatched set of challenges as compared to the bigger players comprising of:

• How do we get practical, germane, and implementable advice?
• How can I make the most of the restricted resources we have?
• Can anyone assist me to plan big but implement small?

We at, Megasoft Solutions (India) Pvt. Ltd., would like to transform that scenario by creating simply implementable advice accessible to SMEs in cost effective way on an ongoing basis. We bring with us immense experience acquired during our careers with big consulting firms and will leverage the same to advantage your business. This will contain assistance in diverse business domains with the objective to facilitate you to be more competitive in the market. We have a custom made version for SMEs that can easily scale once you rise and expand into bigger organizations.

Specialized services offer by Megasoft to SMB owners:

• Outsourcing – HR, Payroll, Compliance
• Specialized Manpower
• Finance & Accounting services on different platforms
• Taxation

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions 

Top 6 Reasons To Outsource Payroll In 2016

Payroll is an essential slice of business as well as companies. Businesses of all sizes either it small or large are recognizing the merits of outsourcing payroll functions. It is a best business decision that permits companies to emphasize on their core business activities as well as issues instead of spending time and money to handle the hassles of payroll related activities in-house.

Let us have a look at the top six reasons for outsourcing payroll functions:

Time : - Payroll processing is a time taking procedure that demands miniature attention for details. One of the main benefits of outsourcing payroll functions is that it saves a lot of time. For a senior officer or an owner of a company who in in-charge of overlooking payroll activities, outsourcing this task means freeing-up valuable time that could be utilized for any other important works of the company.

Cost : - Handling an in-house payroll division needs funds. For small businesses an in-house payroll services could be a very costly matter. The investment need in terms of printing expenses, employee hours, report generation expenses, training expenses, payroll software costs, and other relevant costs can add-up to become a large amount. Outsourcing payroll related activities can considerably lessen costs for a business or company.

Resources : - Processing of payroll functions in-house needs a huge proportion of workforce resources. If the workforce is not well-trained to manage the payroll activities then the need arises to hire new team members or to prepare the existing ones. But outsourcing of payroll activities frees the in-house workforce resources who could then be involved in other important works of the business or company.

Expertise : - Outsourcing payroll functions means trusting your payroll related activities in the hands of specialists. Usually an outsourced payroll function crew consists of specialists who have broad experience in dealing with intricate payroll processes at great speed. Such a workforce also makes sure better accuracy as well as minimization of errors as compared to in-house staff, who might not be experts at such a task.

Security : - Payroll Processing is a difficult and risky activity that needs thorough supervision of the payroll related documents. With in-house payroll team there is always a risk of identity theft, payment manipulation or tapering with the company records to acquire personal gain. Outsourcing payroll solutions proffer better security for confidential payroll data. Such service providers or agencies use particular technologies to spot payroll frauds as well as alert the company regarding any such shady activity.

Legal Compliance : - Usually several business owners are not that much proficient or skilled to deal with complicated matters of government tax regulations. They might not be aware of the modern changes in the regulations. But an outsourced payroll service provider involves experienced and capable professionals who possess the skills required to manage all kinds of legal compliance and transforming legislation and tax obligations allied with payroll processing.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

How To File Income Tax Return Online

To file an Income Tax Return in Form 26AS, first you need to register yourself on the Income Tax website.

Simple 7 Steps for filing online return are underneath:

Step 1 : - Open the IncomeTax portal, and just below the download menu at the right hand side, you will find the list of Income Tax Return (ITR)  for A.Y.2015-16. Click on the download button for taking ITR form applicable for you. (to know which ITR form is applicable for you, click here)

Step 2 : - Open the downloaded excel utility of ITR and fill the form by putting all the details.

Step 3 : - Verify all the information in the worksheet by clicking the ‘Validate’ tab and don’t forget to cross check the same from FORM 16/16A and FORM 26As.

Step 4 : - Determine the tax payable by clicking on the ‘Calculate Tax’ tab. Pay tax (if valid) and then fill the challan details in the tax return.

Step 5 : - Further, proceed to create an XML (Extensible Markup Language) file and carefully save it on your computer.

Step 6 : - Log on to the Income Tax Department’ portal especially meant for filing taxes online by using your PAN (Permanent Account Number) that will act as your user ID.

Step 7 : - Go to ‘Upload Return’ on the middle panel at top and upload the saved XML file after selecting ‘AY 2015-2016’ and the related form. Now, you will be asked whether you want to digitally sign the file. If you upload the return with digital signature, the entire procedure of e-filing of ITR gets done on generation of Acknowledgement whereas if you didn’t use digital signature then you can use EVC (Electronic Verification Code) system as an alternate way of verification rather than sending by post the manually signed ITR-V (acknowledgement) to CPS Bangalore.

EVC – a 10-digit alpha-numeric code, to be given by using any of the four ways, namely –

1.       Internet Banking

2.       AADHAR Authentication

3.       Bank ATM Card

4.       Blend of registered email as well as mobile number (where income is under Rs.5 lakh)

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710