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What is Cloud Accounting software?

What is Cloud Accounting software?

Cloud accounting software is commonly referred to as an online accounting software, web- powered software or web-based accounting software. This is hosted on a remote server, where the users send data to “the cloud” and it is processed and returned to the user. Cloud...
What is GST and how is it charged?

What is GST and how is it charged?

GST was first implemented on 1 April 1994, modelled off the UK VAY and New Zealand GST. It is meant to lower personal and corporate tax rates while contributing to a revenue base for the government. GST is a consumption tax that is applicable to the import of goods...