Blog – HCLLP

16
Nov-2022

How Accounting Can Help State and Local Governments

Since the US Constitution was introduced in 1789, the territories and the Government have been bifurcated into 50 different autonomous states. The states themselves are fragmented into multiple local governments to decentralize the daily administration.

06
Jun-2022

Significance of Virtual Accounting

Taking care of accounts is complex and challenging for businesses, especially for small and medium-sized firms. If your in-house accounting staff is unable to handle your day-to-day accounts and you do not have experts in your locality.

02
Jun-2022

7 Ways Virtual Bookkeeping Boosts Your Work Efficiency

Today, most business processes have moved towards advanced tech-driven methods. Bookkeeping, too, is taking a slow turn towards its virtual mode.

20
May-2020

A Perfect Blend of Accounting with Technology - Accounting Software

The software is used by professionals engaged in the process of accounting. The introduction and use of the softwareapplication have made significant revolutions in the accounting world. It has made the process of financial transactions efficient and fast...

19
May-2020

Implementation of Blockchain Technology- A Prolific Investment in Future of Accounting World

Part of what Harshwal & Company has always been about is applying the most advanced technology solutions available to the challenges essential to accounting and the client’s individual business, corporate, governmental, or tribal challenges...

18
May-2020

Cyber Security: A new vehicle for exponential growth

It often put the business models and customers in a dilemmatic situation whether their information is in safe hands or it is in on the edge of threshold to get stolen or at the risk of getting attacked digitally...

15
May-2020

Current Trends are Accelerating the Need to Enhance Skills

To meet the challenges of post-pandemic era, companies should emphasize on crafting a talent strategy that develops team players’ critical digital and cognitive competences, their adaptability and resilience and their social and emotional skills...

14
May-2020

A Step towards Unlocking your business potential- Hiring accountancy service provider

Accounting in wider perspectives is referred to as the maintenance and recording of every financial transaction a business enterprise undertakes during its course of performance...

13
May-2020

Key Benefits of Hiring a Professional Tax Consultant

Tax is a crucial and inevitable part of business, and all the business owners, either big or small, need to pay the stipulated amount as per the local tax governing authority or IRS. We all are aware of the complexities of the tax world and know handling tax filing complexitiesis not everyone’s cup of tea...

12
May-2020

The Integration of Blockchain Technology in Accounting Arena

The term ‘Blockchain’ has created hype in recent years on numerous social media platforms and corporate conversations. But the majority of people are not aware of the core functionality of the term...

11
May-2020

Navigating the New Paradigm

When an entity or business wants to scale up the structure, the right step is to start from restructuring the finance department and opting for the solutions that cost-effective, have great efficiency in its approach, and follow the unique measures to improve the overall competency of the business and entity...

09
May-2020

Emerging in a ‘new’ world- Coming through the crisis ‘stronger’ than before

As the world is emerging from COVID-19 pandemic, the insurers are strategically focusing now on turnings in their aftermath about what will be the competitive landscape and what it will be looking like...

08
May-2020

SBA Guidance - What costs are eligible for loan forgiveness and limitations under PPP loans

In this economic downturn, whether it is a sole proprietor or a company with more than 500 employees, it has surely felt the pressure. To address the challenges related to operational expenses the...

07
May-2020

The Five Areas of Innovation

Bill Gates, a Billionaire philanthropist delineated in a blog post about the crucial steps required to stop the Covid-19 pandemic and how reopening of the economy can be planned. Gates, in his blog said the world must focus on advancing its treatment, vaccines, testing procedures and contact tracing methods...

07
May-2020

Managing the process and establishing a strong foundation towards ‘steady recovery’

As this global pandemic unfolds, its impacts have resulted in creating new and unprecedented challenges for many organizations. This situation has resulted the governmental departments and business en

06
May-2020

Accounting and Financial Reporting Contemplations in COVID 19 scenario

Major economic and financial markets, and virtually all the industries and governments are affected by the COVID-19 pandemic. Most of the industries are facing challenges allied with the fiscal condit

18
Feb-2019

Qualified Business Income Deduction (Sec 199A)

The Tax Cuts and Job Act established new code Section199A, which provides potential deduction equal to 20% of Qualified Business Income (QBI) from sole proprietorships...

21
Nov-2018

Why cannabis companies should work with an accounting advisor

The cannabis industry is rapidly growing and is here to stay. This market is projected to reach an economic impact of $70 billion in the U.S. by 2021...

30
Oct-2018

Can blockchain transform accounting?

Blockchain is a disruptive technology that erupted during the height of the..

16
Oct-2018

The Essential Guide to Nonprofit Audits

If you’re running a non-profit organization, there’s a good chance you’ll n..

12
Oct-2018

Native American and Tribal Audits

Native American audits and accounting needs are as unique as every tribe. S..

10
Oct-2018

When does an employee retirement plan need an annual audit?

Employee retirement plans, including 401(K) and 403(B) plans, must follow v..