Connect with us

BUSINESS

UPI Transactions at Record Level in June; 2.62 Lakh Crore Transactions

Avatar photo

Published

on

According to data from the National Payments Corporation of India (NPCI), payments on UPI reached a record 1.34 billion transactions in June.

  • Payments on UPI reached 1.34 billion transactions in June.

  • 8.94% growth in June as compared to May’s 1.23 billion transactions

In the last month i.e. June, Transactions broke all their records with Unified Payment Interface (UPI). According to the latest data from the National Payments Corporation of India (NPCI), payments on UPI reached a record 1.34 billion transactions in June.There were about 2.62 lakh crore rupees transactions during this period. Let us know that UPI is an inter bank fund transfer facility, through which payment can be made with the help of phone number and virtual ID on the smartphone.

Increase of about 9 percent

However, the month of June was much better for UPI payments than May. The figures showed an increase of 8.94 percent in June compared to 1.23 billion transactions in May 2020. Earlier in April, UPI transactions had reduced to 99.95 crores in the lockdown implemented due to Corona virus epidemic and during this period a total of 1.51 lakh crores of transactions took place.

Increased after relaxation of lockdown

After opening the economy, online payments increased gradually from May. According to NPCI data, the number of UPI transactions in May was 1.23 billion, after which the number of transactions reached an all-time high in June.

NPCI formed in 2008

Let us tell you that National Payments Corporation of India (NPCI) was formed in the year 2008 to bring the operation of retail payment and settlement systems in India on one platform. It has created a strong payment and settlement infrastructure in the country.

BUSINESS

How to choose the perfect payroll compliance software in Australia?

Avatar photo

Published

on

To operate legally in Australia, businesses must comply with the Australian Taxation Office (ATO) regulations, which include reporting on employee payments, superannuation contributions, and tax withholding. Payroll compliance software, specifically designed to meet compliance requirements, is crucial in managing these tasks, minimising errors, and ensuring compliance with payroll regulations in Australia. Choosing the right payroll compliance software for your business can take time and effort. By carefully assessing your business needs and understanding the available software options for payroll compliance in Australia, you can make an informed decision that meets your requirements.

Here are the five things you should know before choosing a perfect payroll compliance software:

Determine Your Business Needs

To choose the right payroll compliance software in Australia, businesses must assess their specific needs based on their size, number of employees, and payroll complexity. Over 50% of small businesses in Australia use payroll software, making it essential to consider the software’s features, such as multiple pay rates, overtime calculations, and leave management. Deciding whether to opt for cloud-based or on-premise software also affects accessibility and maintenance. Businesses can choose software that fits their needs and budget by carefully assessing options while complying with the Australian Taxation Office regulations.

Research Software Options

Numerous payroll compliance software programs are available, each with features and pricing designed to meet payroll compliance. Look for software that is user-friendly, easy to navigate, and provides excellent customer support for payroll compliance. Check for reviews and testimonials from other businesses to gauge their experiences with the software for payroll compliance. It’s also important to consider the level of automation and customisation you require for payroll compliance in Australia. Some software programs offer more automation, while others provide greater flexibility for customisation to meet your unique business needs.

Consider the Software’s Compliance Features

Australian payroll compliance regulations can be complex and ever-changing, so selecting software that can keep up with these changes is essential. Ensure that the software you choose is up-to-date with the latest compliance regulations, including tax laws, superannuation, and leave entitlements. Consider looking for software that includes reporting and analytics capabilities. This can provide valuable insights into your business’s payroll data, allowing you to make informed decisions and identify areas for improvement.

Evaluate the Software’s Integration Capabilities

According to a survey, businesses using payroll software experienced a 70% reduction in time spent on payroll tasks, freeing up valuable time for other business aspects. However, payroll compliance software must collaborate with other business systems, such as accounting and HR. Therefore, when evaluating integration capabilities, looking for software that can seamlessly integrate with existing systems is crucial to streamline business processes and reducing errors. Consider solutions seamlessly integrating with preferred accounting and HR software to improve efficiency and reduce risks.

Compare Pricing and Support Options

Look for software with transparent pricing and no hidden fees, which typically range from $10 to $50 per month per employee in Australia, depending on the software provider and features. Adequate support is also crucial, including phone and email support, user guides, and training resources. It’s important to consider scalability when comparing pricing and support options. A scalable solution can save time and money in the long run, providing support as your business grows and needs change.

Conclusion

Selecting the perfect payroll compliance software in Australia requires careful consideration of your business needs and understanding the software options available. By following the above steps, you can narrow down your options and make an informed decision that is a good fit for your business. Remember to prioritise compliance features, integration capabilities, and support options when deciding. With the right payroll compliance software, you can streamline payroll processes, ensure compliance with legal requirements, and minimise errors.

Continue Reading

BUSINESS

Choosing a Home Construction Company: What to Look for

Avatar photo

Published

on

Building your dream home is one of the most significant investments you will ever make. As such, selecting the best home construction company to bring your vision to life is essential. If you’re in the market for a home construction company, you may have come across several names of reputable and experienced home builders likeJames Marroun. However, with so many construction companies and builders available in the market, it can take time to choose the right one. This article will guide you on what to look for in the best home construction company.

Experience and Reputation

One of the critical things to look for when selecting a home construction company is its experience and reputation. An experienced and reputable company will have a verified track record of delivering quality projects. Ask for their portfolio and references from former customers. Examine their online reviews and ratings to gauge their standing in the market. You can also reach out to the local builders’ association for recommendations.

Transparency and Communication

Communication is crucial when working with a home construction company. A good company will provide you with regular updates on the progress of your project and be transparent with their pricing. They will also listen to your ideas and provide you with feedback to ensure that your vision is realised. During your initial consultations, ask about their communication methods and how they handle conflicts.

Licensing and Insurance

It is necessary to work with a licensed and insured home construction company. A licensed company indicates they have met the minimum requirements to operate in your state. It also ensures they have the necessary skills and expertise to handle your project. On the other hand, insurance protects you from any liabilities in case of accidents or damages during construction.

Quality of Work

When building your dream home, you want it to be of the highest quality. Therefore, it is essential to consider the quality of work that the home construction company delivers. Ask to visit some of their past projects to see the quality of work they can deliver. You can also ask about the materials they use, such as whether they are eco-friendly and energy-efficient.

Timeliness and Efficiency

Time is an essential factor when building your home. You want a home construction company that can deliver your project on time without compromising the quality of work. During your initial consultations, ask about their project timelines and how they handle delays. Also, ask for a breakdown of their construction process to ensure an efficient system is in place.

Cost and Budget

Building a home is a significant investment, and ensuring you work within your budget is essential. A good home construction company will provide you with a breakdown of their costs to help you make informed decisions. However, do not base your decision solely on the cost. Look at the company’s value and consider the quality of work they can deliver.

Warranty and After-Sales Service

A reputable home construction company will provide a warranty and after-sales service. The warranty ensures that any issues that arise after the construction process will be addressed at no additional cost. The after-sales service provides ongoing support and advice on maintaining your home.

Conclusion

Building your dream home is a significant investment, and choosing the right home construction company like James Marroun is essential. When deciding, consider the experience, reputation, transparency, licensing and insurance, quality of work, timeliness and efficiency, cost and budget, and warranty and after-sales service. Building your dream home is collaborative, and working with a reputable home construction company ensures the process is smooth and stress-free.

Continue Reading

Entrepreneurs

Meet Khushal Chauhan-The Rising and Emerging Digital Marketer Expert

Published

on

Khushal Chauhan

There are so many youngsters who compete to achieve the goal of their life, The one
youngster is remarkable his name is Khushal Chauhan because this kid has So
much talent and curiosity to learn something new and innovative.
He is coming from a middle-class family in New Delhi, he was never a bright child in
terms of studies but was never on the wrong foot as he was very innovative in terms
of extracurricular activities from his childhood and was very much into
technology. He started from INDITECH.MEDIA, a digital marketing company that
provides SEO, Websites, Press Release, and different digital services to many
international celebrities and other social media influencers.


He has always believed that there are 2 kinds of a human nature-A dreamer
and a Doer and so he proved to be a successful Doer, as he started learning
Digital marketing by watching videos on YouTube and other social media
platforms and applying those ideas and learning in Practical. He also reveals
that he learns from their seniors who are helping our youth to learn free digital
marketing like Aakash Kumar Jha (Founder and CEO – IDigitalAKKI Media
Private Limited)
and many more. He always wanted to make something
different from all. And from their childhood, he used to play with gadgets like
PC, Laptops, etc. and he was also good with software, and hardware, and
liked repairing those stuff. Then after resigning from the Aviation industry he
start their own digital company named INDITECH.MEDIA and started working
with International Celebrities, Athletes, Bloggers, Jurists, Models, and many
more. And he’s going to inaugurate their another company soon. His journey
from a normal guy in the non-technical field to becoming a brand in the digital
marketing field and being a huge entrepreneur at just the age of 19 is one to
look at. He inspires us in many ways such as how no dream is big or small,
you just need to keep hustling to make your dream true in real life. Khushal
has long-term Goals in the Digital sector. His commitments to himself and
fulfilling those commitments at any cost are what he has always chased. He is
always open to challenges, conversations, and an exchange of ideas from top
players in the digital Industry.


Look at Khushal’s Views on what he wants to share with us:
“Always knew I wanted to do something since I was young. The technology bug bit
me at a very young age. They called me a geek, But I took that name with pride. I
was never one of those bright ones as of my thinking but I was the topper of my
Class till 9th Standard literally I don’t know how. After completing 12th in the
Commerce stream I joined the Aviation institute which was my biggest mistake ever.
Felt like I had hit rock bottom there was no ray of hope. But as they say it is darkest
before the dawn. I picked myself up and got back to the grind and I promised myself
to hustle and keep working Day & Night and then I started a Digital Journey. And I
have to fill my store more it is just started I have to achieve more and more.”

Continue Reading

Trending