Tax season is just around the corner and it may be the busiest time of the year for you, especially given the recent GST council meeting and Interim Budget of 2019. As a result you may consider hiring additional staff or setting up a larger workplace. In this situation, one way of bringing about greater efficiency is by relying on the latest software. Whether you have the older software that needs to be upgraded or whether you are buying software for the first time, this move can help you increase your revenue by leaps and bounds.
You can use a tailor-made CA Loan offered by trusted lenders like Bajaj Finserv to buy the latest tax software and benefit from a range of advantages like easy application, doorstep documentation pick-up, a high loan amount, simple eligibility criteria, and a long repayment tenor. Here is how tax software can be a game changer for your CA firm and how a customised CA Loan can help you acquire it hassle-free.
It increases your efficiency
Staying up to date with the latest tax software will help your workforce complete their assigned work lists on time. This speeds up delivery timelines, allowing your firm to service a higher number of clients with ease. Further, with the latest tax software you can extract more from the data you have on hand, as the latest amendments to income tax norms are always pre-programmed.
Bajaj Finserv offers a substantial Business Loan for CAs of up to Rs 35 lakh, so you can finance the purchase and installation of such software without breaking into sweat. This means you need not worry about your savings taking a hit or your personal finances bearing the brunt when you decide to invest in quality software.
It reduces your expenses
By purchasing or upgrading to the latest tax software in a timely manner, you avoid any extra expenses. If you work on a backdated system or programme you will either have to hire consultants to teach your team the amended laws, or encounter technical glitches that can cost you. You will also be able to use software only to a certain extent, post which you’ll have to switch to manual computation. This can result in delays and errors, and in you losing clients in extreme cases.
Having the latest software ensures that you’re abiding by recent tax changes, GST amendments and tax deductions, improves the quality of your output and builds your image as a firm. When you borrow a CA loan from Bajaj Finserv to buy the software, you can enjoy competitive interest rates and a loan that’s free of hidden charges, which further lowers upgrading cost.
It helps you keep up with competition
Since you do not work in a silo, it is important that you are doing your best to out-do your competition and claim a greater share of the pie. One way of ensuring this is by keeping your customers happy. By offering the entire suite of services that they may require, you can ensure return visits and referrals.
To diversify your business and scale operations bit by bit, avail a CA loan from Bajaj Finserv as a Flexi Loan. Here, you can conveniently borrow from your total sanction in parts, as per your needs, and pay interest only on the amount you utilise. Further, you can choose to repay the loan via interest-only EMIs to lower costs by 50 per cent, and repay the principal once you start reaping profits.
Along with buying the latest tax software, you must also focus on upgrading your cyber security systems, since the financial sector is a top target for cyber criminals. Use funds from the CA loan to address this issue as well, and prime your firm for growth. Check your pre-approved offer today to expedite financing.