December, 2017 –The retail industry in the U.S. is undergoing disruption which is bringing about a change in how retailers operate. Things are transforming faster than ever when it comes to shopping on-line, the use of mobile purchasing, new forms of payments, and the degree to which consumers are expecting convenience while shopping. According to a survey by PwC, over 32% of consumers buy products at least monthly via their smartphones. Consequently, without an iota of doubt, the retail industry ecosystem is being forced to evolve with the dynamic needs of the customers.
AND, THE SPOTLIGHT IS NOW ON TAX
The most recent disruption in the retail industry is the proposed tax-reform plan by President Donald Trump that offers sweeping cuts in individual and corporate tax rates. The retail industry is expected to be majorly disrupted by this reform.
Presently, the United States has the highest corporate taxes among the OECD countries. According to a 2016 report by Goldman Sachs, major retailers are among the top tax paying companies in the US. The table below depicts some of the top tax-paying retailers include apparel companies Gap (GPS), Under Armour (UAA) and department store Nordstrom (JWN).
Continue reading EVOLVING TAX REFORMS AND ITS IMPACT ON U.S. RETAILERS
Running a restaurant business involves a lot of tasks and functions, including serving the customers, organizing your staff, handling team hurdles, and even getting engaged in raw material procuring process. In this busy schedule, you may not get ample time to manage your accounts and bookkeeping properly, which may lead to severe losses during surprise inspections and audits. If you wish to ensure hassle-free operations of your business, then you must ensure that you have every detail of your income and earnings, which will enable you to analyze the current position of your business and thereby assist you in making strategic business decisions.
Read the following sections to gain insights on some of the best practices that a restaurant owner must adopt to improve business performance without sacrificing quality or customer experience:
Continue reading Enhanced Efficiencies & Comprehensive Reports – Hallmarks of Streamlined Accounting for Restaurant Owners
Maintaining tasks related to payroll for both big and small-sized companies can always consume a lot of time and so many business owners outsource such tasks to payroll companies and have them handle the job. These companies works in compliance with all the applicable laws, keeping the employer out of any kind of trouble. Continue reading Efficiently Manage Your Employees Payroll with Quatrro FPO
In this era of technological advancement, it is important for the organizations to ride the wave of digitalization to stay competitive and relevant in today’s marketplace and SMB’s are no exceptions to this. In the market which is increasingly evolving and becoming more competitive it is becoming difficult for the SMB’s to manage their daily operations along with developing their IT infrastructure. One of the best ways out to overcome this problem is to outsource IT processes to a trusted service provider who can offer technical support services or end to end managed services. Certainly, this is not an easy decision to make, as most of us have some set of perceptions and beliefs about outsourcing and are not sure of the outcomes and the resultant synergies that outsourcing can bring in.
Continue reading DEMYSTIFYING MYTHS ON OUTSOURCING YOUR IT PROCESSES
December, 2017 – The world of hospitality and travel has entered a new era of transformation. A combination of forces, including shifts in the global economy, game-changing innovation, geo-political turmoil, natural disasters, pandemics, and rising consumer demands have been reshaping the marketplace for years. Concurrently, the industry is anticipating a RevPAR growth of 2%, the lowest increase since the beginning of the economic recovery.
Continue reading Challenging Road Ahead for the Hospitality Industry: Critical factors shaping the future of the industry