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Business Technology

Payroll 101: What Are Commuter Benefits?

In an attempt to compete for a shrinking labor pool, companies are looking for all sorts of fringe benefits they can add without breaking the bank. Commuter benefits are one option. A commuter benefit is one that can be offered fairly affordably while simultaneously helping out employees who incur expenses as a result of getting to and from work.

Do you know what commuter benefits are and how they would work for your company? If you are company owner, have you considered offering a commuter benefit? Keep reading to learn more. It might be something you can give your employees as a way of competing for the top talent in your industry.

Commuter Benefit Basics

A commuter benefit is one that allows employees to set aside pretax dollars to pay some of the costs associated with commuting. In order for an employee to utilize such a benefit, his or her employer would have to set up a qualifying benefit plan that meets IRS rules. Those rules can be found in section 132 of the Internal Revenue Code.

An employee with such a benefit would be able to use the money set aside through the program to cover things like paid parking and mass transit. The money could be used to pay for bus passes, subway tokens, and so forth. It could even be used to cover carpooling expenses.

How is such a benefit funded? At bare minimum, employees contribute up to $265 per month each for both mass transit and parking expenses. That money is tax-free, meaning it is deducted from employee pay and added to the benefit fund before income and payroll taxes are assessed. The money is not subject to taxes when used to cover qualifying expenses.

Employer Contributions

Employers may contribute to the benefit as well, but they are not required to in every case. Most states and local municipalities do not mandate commuter benefits. Exceptions to the rule include:

  • Washington, DC – Employers with 20 or more employees must offer it
  • New York, NY – Employers with 20 or more full-time, nonunion employees must offer it
  • Richman, CA – Employers with at least 10 employees must offer it if those employees work at least 10 hours per week.

The three cities listed here are just a small sampling. Cities with mandated commuter benefits all have their own rules governing them. It is up to employers to know what those rules are.

Why Employers Should Consider It

Now comes the big question: why should employers consider offering a commuter benefit if the law does not require it? There are two reasons, beginning with the fact that employees appreciate such benefits. Offering a commuter benefit demonstrates that employees are more than just numbers on a payroll sheet.

Employees get the fact that any money they set aside through such a benefit program ends up saving them at tax time. And if they are going to spend extra money to commute anyway, it might as well be tax-free.

According to Dallas-based BenefitMall, the second reason employers should consider commuter benefits is that they save on their own taxes. Again, commuter benefit contributions are tax free. That means they reduce the amount of income subject to payroll taxes. By offering the benefit, employers pay less in both Social Security and Medicare taxes.

By all accounts it would seem that a commuter benefit is a good idea all the way around. Employees and their employers both benefit via tax savings. Employers enjoy the extra benefit of being able to better compete for top talent in a tight labor market.

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Business Technology

Understand the cKYC and How to do Central KYC?

CKYC identifier – The KYC Identification Number (KIN) is a 14-digit number given by CERSAI to an investor who has finally completed their CKYC formalities. This number should be noted every moment the KYC details are required to be accessed by any intermediary.

How can I track the status of my CKYC?

Go to Karvy website link to check cKYC identifier status. If after submitting your documents you receive the 14-digit KYC Identification Number (KIN), this implies that your cKYC request has been effective and you are compatible with cKYC. CERSAI shall allocate the KIN to an eligible request within 4-5 working days. Once the KYC Identification Number or KIN for your KYC account is created, an SMS will be sent to your registered mobile number along with an email.

In case of any discrepancy found in your request, it may be rejected. In such instances, CERSAI will not send you any information. The financial entity processing your Central KYC request will be made aware of the scenario and should contact the agency for any questions and solutions.

How to comply with CKYC or Central KYC?s

Central KYC (cKYC) was introduced to simplify the lives of customers. If you complete the cKYC process with any bank, mutual fund or insurance company, you will be compatible with KYC and then you will not have to do so anywhere. The central KYC will store all customer data on a central server that all financial institutions have access to. Before the commencement of the Central KYC (CKYC) process, various financial institutions such as mutual funds, banks, etc. had different KYC procedures. Central KYC (cKYC) aims to bridge this gap on various platforms.

To follow CKYC, you have to fill the Central KYC (cKYC) form. The customer is required to produce a self-attested copy of the identity card (PAN card, etc.) along with the scanned photo and signature and proof of address along with the correctly filled address. The KYC form includes some new fields, such as the name of the applicant’s mother, who was not present in the KYC form.

A KYC account will be opened with adequately filled CKYC form. After opening a KYC account or completing cKYC, you will receive a 14-digit KYC Identification Number (KIN), which is unique to each person. Therefore, for new investment or to open a new account in any financial organization, you just have to display this number every time. This number will keep all your information in the center and will save you and the business or bank by eliminating the tedious process of KYC.

Documents Required along with CKYC Form

The following set of documents should be submitted while submitting the Central KYC Form:

  1. The CKYC form is correctly filled out and signed
  2. A self-tested copy of Identity Proof
  3. A self-attested copy of Proof of Residence
  4. One photograph

Note: Check CKYC or Central KYC status online. You will see the screen showing the status when you enter the PAN and the characters appear below and now press the search button.

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Business Technology

Affordable IT Support for Small Businesses

If you are setting up a new business, regardless of your chosen industry, you will utilise IT technology to some degree, and just how much you integrate IT into your business is very much up to you. Communication is just one area where you can save a lot of money by using VoIP technology for communicating with customers and employees alike.

  • Configuring an Office Network – It won’t take an IT professional very long to configure a small local area network (LAN), and by storing all your critical data on an online server, you can access from any location, as long as you have a device and an Internet connection.
  • Important Software – Whether you are looking for office 365 in Barnsley or Birmingham, there are IT support companies who can install the software you need. Once the IT professional knows a little about your business, they can make some software recommendations.
  • Cyber Security – Whether you run a one man show or an established company, you will need to protect your confidential data from cyber-attack, and your local IT support company would be the ideal people to talk to about online data security.

By talking to an IT support specialist, you can take advantage of the many useful software packages that are available to small businesses, and they can help you to configure your LAN, while also protecting your data from hackers. All it takes to make contact with an IT support firm is an online search, and with their expertise, you will make all the right choices.

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Business Technology

Why Auto Repair Shops Are Turning To Tekmetric’s Auto Repair Software

Being able to efficiently run a business is no easy task, especially for those running their own auto shops. Even though running your own auto shop is a great business to work in, there is no doubt that there are a number of challenges that surface. With the modern age that we live in, going digital is one of the best things that businesses can do to be more efficient and streamline the work that they do. One app that is making this entire task a lot easier is Tekmetric

Tekmetric is an auto repair software that enables shop owners to track all of the work being done. This simple and easy to use app is perfect for those who are looking for a way to be more efficient at the workplace. With the numerous amount of tasks that can be tracked, Tekmetric makes monitoring your business significantly easier. Here are some of the ways in which Tekmetric can help you run a much smoother business:

  1. Helps Track Your Orders

Auto repair shops are often working with multiple vehicles on a regular basis, and this can sometimes be hard to keep track of. This is especially true for bigger auto repair shops who have multiple workstations and multiple clients at once. Tekmetric is an auto repair software that lets you track every single order that you have, and also helps keep you updated with the workflow of the business.

  1. Helps Keep Records Of Inventory

Auto repair shops are constantly moving through inventory. Every time a customer brings their car into the shop there is a certain amount of resources that are needed to ensure that their vehicles are in top condition when they leave. This also means that they constantly have to keep updating the inventory that they have, which can sometimes be overwhelming. Tekmetric enables auto shop owners to track every single item in their inventory, tracking their entry and exit from one convenient platform.

  1. Helps You Know Employee Statuses

Managing the employees is an important part of running a good auto shop, and is something that auto shop owners often have a hard time with. The hours that employees are putting in, the days that they are not working, the things that they are working on are all much harder to track without a convenient system in place. Tekmetric is one auto repair software that makes this entire task significantly easier by providing owners with the tools that they need to efficiently track their employees from one single device.

  1. Helps You Better Manage Finances

While Tekmetric’s auto repair software might not be a financial software, it is definitely something that can aid you in a number of financial matters. Tracking all your financial information and the earnings of the auto shop has never been easier. The app is also incredibly useful when trying to set pricing on different items within the shop, and can streamline the processes of financial management within the shop.

  1. Helps Maintain Security

Security has always been one of the biggest concerns for auto shop owners and is something that Tekmetric tries its best to uphold. Those looking to incorporate Tekmetric into their auto shop business would be pleased to know that the app uses the latest security measures to ensure that all the information on the platforms is well secured, and not leaked in any manner. The information about the inventory and customer’s details can also be kept safely with the help of this app and minimizes the potential for employees to misuse this kind of data.

There is no doubt that Tekmetric is efficient software that allows auto shop owners to be more efficient, thereby helping them succeed in their business.

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Business Technology

Top Class Technology for Daily Profit

Brand Bucks offers one of the most outstanding technologies today. The company has all the solutions to give a business a place of importance in the minds of potential clients. It utilizes unequaled advancement in technology to bring the identity of business and brands to the consciousness of the general public towards helping the companies to get new customers and expand their bases. The benefits of partnering with Brand Bucks are unprecedented for all categories of businesses. Virtually all kinds of businesses can benefit from the services offered by Brand Bucks. The benefits are endless and some of them will be discussed elaborately in the course of this write-up.

Opportunity to save

Aside from promoting business brands from any part of the world, Brand Bucks also has what it takes to help the customer to save money while patronizing any of the companies or brands promoted on the website. the technological innovation introduced into the game of advertising by this company has successfully transformed the purchasing world by making it possible for clients to save money every day of the year as they daily patronize the companies being advertised or marketed on this platform.

Many other advertising companies use technologies that help buyers to save on special occasions, but the case is different with Brand Bucks as it makes savings possible every day of the year. It has put together the best shop and save technology ever developed out there. All the customer has to do is to buy a card at Brandbucks.com and this will open the door to unbelievable savings on a daily basis on every item purchased or service accessed.

Endless brands

Brand Bucks serves numerous brands as hinted above and all the brands have something great to offer their clients. Each of the brands has bought into the technologically advanced business solution offered by this platform to provide endless money-saving opportunities to their clients so that the client can get various items at very cheap prices when they shop here.

Many more platforms are realizing how beneficial the business prospect of working with this outlet is and they are coming on board on daily basis to benefit from what the platform has to offer while proving top quality services to their clients and also using this platform to increase their customer bases. The brands partnering with BrandBucks belong to the small, medium and large scale sections of the economy, thereby ensuring that the customers can enjoy endless money-saving benefits when they patronize Brand Bucks and the various brands and businesses registered here.

Hassle-free technology

There is rarely any other outlet that is capable of delivering the same quality offered by Brand Bucks, neither is there any other platform working on technology as advanced as that of this outlet. Despite the rare case of its services, this platform still runs the entire business process with complete ease. Additionally, the various brands that partner with Brand Bucks can also provide hassle-free services to their teeming clients. The business model runs automatically thanks to the effort of the professional technicians in the employment of this outlet.

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Business Technology

Keep your Business Running with Online Office Supplies

Have you ever wondered how much time you have wasted driving to an office supplies company to get some essential items? Well, if you add it all up, it’s probably a considerable amount of time that could have been spent doing something productive, and by creating an account with an online company with quality office supplies in Ashtead, everything you need will be delivered to the office.

Wholesale Prices

Buying essential office stationery from an online supplier will likely mean wholesale prices, and as the suppliers doesn’t have the major expense of a retail store, they can afford to pass this discount onto their customers in the form of wholesale prices.

Wide Range of Items

Their catalogue would include major items like IT hardware and office furniture, as well as consumables that we all need on a regular basis. Essential items such as:

  • Stationery
  • Cleaning supplies
  • Filing cabinets
  • Office machinery

Next Day Delivery

While they are happy to receive visitors at their main depot, the online office supplies company would offer next day delivery to anywhere in the UK, which will ensure that your goods are delivered when you need them.

Once you have forged an alliance with such a company, you will no longer have to waste half the day collecting the essential office items you need. Simply log into your account, fill up your shopping basket and make a secure online payment, which will see your items delivered to your door the very next day, and you really can’t get any better than that!

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Business Technology

How Important is Cloud Surveillance For Your Business

The security and surveillance sector has grown & evolved tremendously. Once there exist the conventional wired security systems with limited coverage and now we have the advanced digital security camera, those can be viewed anytime and anywhere. Today, the businesses are in the desperate need of safety products those can their organization’s valuable assets; at the same time make sure the seamless functioning of the company’s daily operations. Whether you are a big enterprise or a small company with a handful of professionals, investing in a business security system is an absolute necessity. This is because the figure of business theft and vandalism is on the surge over the past decade. If you seriously looking for means to secure your workplace, then cloud surveillance is worth your time.

Monitor Across Globe

With cloud surveillance, you can keep an eye on what’s happening in the office, even while on a business trip. Furthermore, if you have multiple offices throughout the globe, you can check anytime and anywhere, without physical visiting the place. All this can be done with the help of the latest business security camera system. Also, you don’t have to hire a dedicated team and allocate them and space where the CCTVs can be monitored.

Real-Time Monitoring

With cloud surveillance, you have the benefit of checking out the footage in real time. In comparison to the analog CCTV cameras, the digital security systems let you keep a tap on every employee in your organization, right from the in and out time, to their daily functioning.

Increased Flexibility

The cloud surveillance comes with the added benefit of offering increased flexibility. This advanced security system has no wires, and secure every nook and corner of the office, right from the elevator to the warehouse room. The surveillance of the cloud offers unlimited coverage, the world is not big with the cloud.

East Installation

In comparison to the analog CCTV cameras, the latest gun detection CCTV cameras have the added benefit of easy installation. With the latter, you don’t have to invest in wiring, and the repeated maintenance those pop up. This is perhaps a big reason businesses of diverse capacities are investing in digital cloud-based security systems.

Customized Security

With switching to cloud surveillance, you get the freedom to customized daily, weekly or monthly security reports in the way you want. These cameras come with the feature of real-time message text or email, if it detects some wrongdoing in the office, means you don’t have to always peep in the live footage to keep a track on everything. On the whole, with cloud you can trim down your security team, as now this can be done efficiently with less man force.

At the end of it all, before you invest in the digital cloud-based security systems, it is crucial to find a trustworthy security solution company. Speak to them about your concerns and requirements, and based on that they are best to offer you the right advice, and how to make a long-term investment.

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Business Technology

Main Benefits Of Precision Machining

The use of precision machining technologies in manufacturing industries has transformed the way this particular industry operates. Indeed, the process of precision machining has become widespread around the world as organisations have incorporated this particular manufacturing technique into their business operations. Furthermore, in the competitive global world at the start of the 21st century those businesses which want to survive in the long-term must adapt with the changing business environment and implement technological advances such as precision machining to ensure greater cost-efficiency and a high-quality product. This form of manufacturing is a more efficient process because it generates less waste and makes more high-quality products that through the use of traditional machining systems.

Faster production

The use of precision machining technologies in various manufacturing industries generally includes the use of computer-based equipment to generate animated drawings or blueprints which can be produced at much faster speeds than by humans. Indeed, businesses which operate precision machining in Perth do not need to take breaks, eat lunch or sleep which means that precision machining operations can work 24 hours a day, seven days a week, producing whatever products they have been programmed by the company to manufacture while this can help your business make significant cost savings.

Fewer errors

Furthermore, as a result of the development of precision machining technologies as well as the fact that they are run almost exclusively by computer systems they are unlikely to make any mistakes like human workers. Indeed, machining technologies do not get tired while they continuously manufacture products of a similar high standard. In addition, the use of such technologies has reduced the number of errors in the production process while the use of these machines can generate greater levels of productivity as they are saving money on waste and overheads. These savings can also result in greater efficiency in the supply chain, as well as satisfied customers who can benefit from a high-quality product at a low price.

Cost-effective

As a result of the fewer errors that are generated during the manufacturing processes which use precision machining technologies, businesses can generate greater cost effectiveness by not having to spend more money on overheads or extra supplies. Indeed, machines do not require a salary while the money that is saved can also be used to help develop other business operations, including in the supply chain or help with the acquisition of new customers. Therefore, with a larger amount of money available to spend on various activities including growing profits, businesses can see significant cost savings through the implementation of precision machining technologies in their manufacturing processes.

Reduction of waste

The environmental situation at the start of the 21st century has seen businesses around the world having to conform to environmental standards especially about the collection and disposal of waste in the manufacturing industry where the creation of waste can become a significant loss. Therefore, the use of precision machining technologies can help to make a successful and profitable business.

Make sure your business does not generate waste while saving costs using precision machining techniques that can improve the efficiency of your manufacturing operations.

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Business Technology

Latest Software For Shipment Business

Are you doing logistic business? If yes, then do you have idea about what are the key things to enhance your shipment business? No! Don’t worry about it. We are here to help you people to enhance, optimize and upgrade your logistic business. Because in this article we will let you know what are the latest techs and software in improving your logistic business.

The courierpoint.com is the one website which uses all the latest techs and software to deliver customer’s parcel in safest way. Already we know that the ERP system, Pick-to-Light Solution, Bar-code System, Yard Management System, Route Planning System and some wonderful management program like Core Carrier Program etc. All the above technologies are very helpful during international parcel deliver. For example: if you send parcel to Belgium or any foreign country, then all the above technologies will help you in various field like during gate pass, transportation, parking, reducing freight cost, in finding nearer courier point and making very good relationship with your business partners.

In this 21st century, software is driving the whole world and spreading its magic touch on each and every work and business. So, in this modern age if you will not use latest technologies or software then you will be at the down position. So to enhance your logistic business, you should use following new software so that you can optimize your business strategy. Some of the latest software launched by some software companies in the market is:

  • ABAS Software AG
  • ABASSE ERP Selection Software
  • ABBASOFT E-Commerce ERP Manufacture Extranet
  • ABOL Software
  • Activant Solutions Inc.
  • Advanced Logistics Development
  • Agware
  • ALDATA Software Management, Inc
  • Aleph Computer Systems
  • Aljex Software
  • American Software, Inc
  • AmerisourceBergen Corp.
  • Appian Logistics Software, Inc
  • Applied Computer Services, Inc
  • AspenTech
  • Aurora Software, Inc
  • Australian Supply Chain Management
  • AutoDesk CAiCE
  • Automated Material Handling at Concept Automation Support
  • Ayers Rock Software

The above software companies always try to discover new and latest software to help the logistic industries. To know more about the newest software launched by the above companies you can visit individual website of the relevant companies.

These software helps in selecting tools software, programs and applications, be relevant to ERP, MRP, manufacturing, planning, scheduling, financials and reporting. Other software offers logistic software containing flexible hold up for most major shipping agencies, including UPS and FedEx.

So, those who are in shipment business they must and should updated with latest software to improve their business.

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Business Technology

Best Three Mobile Products Business Use

Mobile products might have began as devices for private use however their benefits for business use are extremely broadly recognized and recognized that they’re the norm within the place of work. Which mobile products are leading those for business use? Responding to this shows how quickly the mobile technology landscape changes. The solutions today is quite not the same as the solutions tomorrow.

Think about the smartphone for instance. Until this past year, RIM’s Rim was probably the most preferred device for corporate customers and university students. However, Android products and Apple’s apple iphone have since absorbed BlackBerry’s position available on the market. There is a period when the Rim was the “in” factor for any entrepreneur. A part of its attract the company user incorporated superior email, quality, physical keyboards and security. The apple iphone was formerly seen like a high-tech toy but has since made progress to focus on more business clients.

One other popular mobile phone may be the tablet, with Apple’s iPad to be the unquestioned market leader today. Pills are highly portable and also the easy-to-use touch interface offers simpler, more flexible methods to surf the web, play games, read books, and perform other functions which are part of individuals mobile digital life styles. At this time, pills for business use continue to be within their infancy however they present an acceptable middle ground between mobile phones and laptops.

Before Apple’s iPad hit the industry, netbook computers were the entire rage. Netbook computers were generally considered small-laptops, more compact and fewer effective than laptops but desirably more portable. These were meant to complement a primary computer, whether which was a desktop or perhaps a laptop, although not to become laptop alternative. Once the business energy user wasn’t in travel mode he still depended around the energy and capacity of the fully-set up desktop or laptop for his comprehensive small business.