#Automating taxes for EU shipments

[dailyinsightsuk]

Streamlining Tax Compliance: Using Quaderno to Automate Taxes for Businesses Shipping into the EU.

Quaderno is a powerful tool designed to simplify the process of managing taxes for online businesses. It automates the calculation, collection, and reporting of sales tax, VAT, and GST, helping businesses stay compliant with tax regulations around the world. Introduction: Automating taxes for businesses shipping into the EU can be a game-changer in streamlining operations and ensuring…

[hellosolutionbuggyworld-blog]

Key Facts:

·         Chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries in India in recent years.

·         200% weighted average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D

·         Currently, the industry is employing more than 2Mn people

·         There is a high demand for producing speciality chemicals, agrochemicals, petrochemicals, dye intermediaries and dyestuff and existing plants are operating at maximum capacity

·         100% FDI is allowed under automatic route in the chemicals sector and upcoming Chemicals and Petrochemicals Investment Regions (PCPIRs) and Plastic parks will give a boost to new entrepreneurs in the chemical industry

·         Heavy compliance the requirement from the government regarding environmental policy means high reliance on consultants

·         Get expert advice from highly qualified chemical consultants with average experience of 16 years in the domain.

 India is backed by the strongest growth rate in the GDP by the Chemical industry, hence the future looks bright as well. The Chemical Industry of India ranks 6th in the world and 3rd in Asia after Japan and China. In terms of global shipments of chemicals, India ranks 10th in the world. It not only contributes to the GDP but is also like a cornerstone for many of the manufacturing industries in the country and in the world. Likewise is the pharmaceutical industry of India, which is now known to be the third-largest market in terms of the volume. Pharmaceuticals has shown consistent growth, in fact, Indian vaccines and generic drugs have found its market in about 150 countries.

Pharmaceutical industry falls under the sector where the standard and the quality become much more valuable and important compared to other industries. Just with a business plan, and investors, a chemical or pharmaceutical industry cannot be started. Domain knowledge is very critical to start an industry in this sector. Many investors deploy Subject Matter Experts or Pharma Industry Consultants / Chemical Industry Consultants specializing in a plant set up to start with. The rules of the chemical or specifically pharmaceuticals lay that one of the partners must be a registered pharmacist, failing which the company must hire a pharmacist on its behalf with an authority to make changes. The drug license must be obtained by filling in various forms that would seek government approval of manufacture and sale of SCHEDULE C (BIOLOGICAL AND SPECIAL PRODUCTS), SCHEDULE C (1) drugs and approvals from the local Drug inspector.

With Make in India in place, the investment in the manufacturing sector has been made more attractive, the chemical/pharmaceutical the industry is getting a global exposure, to expand and enhance which would lead to the generation of employment and also gains a competent authority. In terms of research and development, the government Weighted tax deduction of 200% under section 35 (2AB) of the Income Tax Act for both capital and revenue expenditure incurred on scientific research and development. With the latest

schemes like 59 minutes loan for MSMEs,

the

manufacturing industries can get up to 1 crore loan

which would help the industries expand, and enhance the potential. India has an upper hand as the costs of production of the pharmaceutical drugs are relatively lower than the US and much lower than the UK.   Even with the amplified growth rate and government incentives, the industry does not escape itself from challenges. Like the ancient strategy models, the pharmaceuticals still tend to follow old strategies and models with outdated methods. There is still a lack of knowledge on how to structure their innovation, marketing and sales, manufacturing, and portfolios accordingly. This is where the experienced pharma consultants come in and study the company and its place in the market and help them take the road to progress.

Compliance; another major challenge a chemical or pharma industry faces is the government policies and to be compliant with the policies. The companies also tend to face a low margin of profits due to government pricing policies. Pharma consultants and chemical consultants here can ease the burden of a proprietor by helping them to stay compliant to the government regulations, any updation in the new policy and benefitting from policies.

The act of transformation is unhurried. The technology, automation, innovation is not the strength of the Indian chemical or pharmaceutical industry but is rather seen as a weakness. A company to overcome this challenge must put in a lot of effort in Research and development consultants are known to be the aide to the challenge. By judging the company, a consultant might be able to assist the company in amplifying the technological knowledge and adaption.

SolutionBuggy which is the fastest growing platform connecting manufacturing industries with expert consultants have helped many new entrepreneurs looking to set up chemical/pharma related units by giving them the best in class chemical consultants focusing on quality, chemical plant consultants specializing in plant operations & efficiency, Chemical engineering consultants guiding the industry on engineering Research & Development and experts in other functions of chemical & pharma industry.

These experts have eased the efforts required to set up the units, manage all the compliance issues, train the employees, establishing sales and distribution channels, business development related to contract to manufacture, obtaining GMP and EU-GMP approvals etc. We have also worked on projects for existing industries who wanted diversify the product portfolio, increase efficiency & productivity by implementing lean manufacturing process or improve employee output through training.

[ourshashiranjan3307-blog]

MICROSOFT DYNAMICS NAV (NAVISION)

Microsoft Dynamics NAV (formerly Navision) is flexible business software, designed specifically for medium-sized businesses with industry-specific requirements. With more than 15,000 medium-sized customers in Germany and more than 100,000 customers worldwide, Microsoft Dynamics NAV (Navision) is the leading ERP solution for medium-sized companies.

Microsoft Dynamics NAV has scored points with the comprehensive functionality of a leading ERP solution as well as a modern user interface that is tailored to the different roles in the company so that the software is easy and intuitive to use right from the start.

The open architecture allows for rapid, efficient and cost-effective implementation, customization and maintenance.

Here are your benefits at a glance:

Simplicity Microsoft Dynamics NAV (Navision) offers a familiar Microsoft user interface and seamlessly integrates into existing Microsoft applications such as Office, SharePoint, CRM, etc. This minimises training and means that the software is easily accepted by your employees. The consistent role concept helps each employee carry out their specific tasks efficiently.

Cost-effectiveness Microsoft Dynamics NAV is modular in design. You do not invest in 300% functionality, but only in the features you actually need. You will receive modular functionality for company management, designed specifically for medium-sized businesses with industry-specific requirements. The modules of Microsoft Dynamics NAV that you choose are based on proven standards and are therefore quick to deploy and maintain.

Flexibility Whether you want to expand functionality or users (or even reduce them), Microsoft Dynamics NAV can be adapted to your individual needs thanks to its open architecture. So, with the industry and special solutions we have developed, you can map the particular requirements of your industry as well as the specific features of your company.

Functionalities of Microsoft Dynamics NAV

Industry Solutions for Microsoft Dynamics NAV As one of the world's leading Microsoft Dynamics ERP partners and a certified industry expert, We do  offers industry solutions for you business.

ERP Software for Automotive Automotive supports you in handling all requirements of your customers and suppliers in an industry-specific software solution.

ERP Software for the Construction Industry project construction,we provides a Microsoft-certified ERP solution that is fully integrated into Microsoft Dynamics NAV, and which supports all construction-specific aspects.

ERP Software for Discrete Manufacturing With Industry Software for Discrete Manufacturing, you can plan, calculate, configure and build complex Products with the complete transparency of all stages of the process.

ERP Software for E-Commerce cc|e-commerce provides a comprehensive overview of all relevant customer processes, such as payments and any current sales orders.

ERP Software for Process Manufacturing From purchasing, quality control through recipe management to the point of capacity planning, all industry-relevant processes are integrated parts of the ERP solution process manufacturing from Us.

ERP Software for Project Manufacturing the project supports project-based manufacturing companies as well as project service providers.

ERP Software for Service Providers With the Best industry software for service companies, you will gain higher planning quality and greater transparency and flexibility in the processing of complex projects.

Add-ons and Apps for Microsoft Dynamics NAV In addition to our ERP industry solutions, we offer numerous special solutions, add-ons and apps to support you get more value out of your system.

E-Balance-Sheet With the e-balance sheet, you can easily create an electronic tax balance sheet from the trade balance sheet in Microsoft Dynamics NAV or Microsoft Dynamics AX.

Credit Management System crefodynamics is a credit management system for professional accounts arrears and receivables management in Microsoft Dynamics NAV.

Automated accounts payable processes ExFlow is an add-on software module for Microsoft Dynamics that enables the handling and approval of invoices via a web interface.

Data integration suite You can use the additional module cc|data integration suite to exchange both master data and documents - with other companies from the group, customers, suppliers, and partners.

Factory Data Capture Factory Data Capture (FDC) for Microsoft Dynamics NAV (formerly Navision) offers the ability to use time more accurately as well as to illustrate time and time-related data more clearly.

Task-based scheduling Task-based scheduling allows you to see delivery deadlines, lead times and stock levels at a glance and identify deviations quickly.

Quality Management Quality Management for Microsoft Dynamics NAV manages all necessary tests, test devices and test documentation – during purchase, production and final inspection to increase the product quality.

Vendor Rating Vendor Rating is used as a basis for decision-making in the allocation process and also for the ongoing control of supplier relationships.

Transport Software With cc|transport you can manage goods shipments as transport orders that you hand over to freight forwarders to send to your customers or a consignment warehouse.

BI for Microsoft Dynamics For Microsoft Dynamics, we offer pre-configured business intelligence dashboards that can be launched using your data within the shortest possible time.

Formatted Documents With cc|formatted documents, users have the ability to enhance and improve the appearance of reports or documents through the use of an integrated word processor directly in Microsoft Dynamics NAV.

Mobile Solution The holistic special solution for mobile field services seamlessly integrated in Microsoft Dynamics NAV.

Product Data Management With cc|product data management, you can process technical documents from areas such as mechanical engineering, electrical engineering, and electronics company-wide based on consistent rules.

Workflow Management Workflow helps the teams in your organization work through their respective tasks on time and in the proper manner. Conventional organization manuals have significant disadvantages compared with an electronic workflow solution.

EDI EDI integrates the electronic data exchanges between you and your customers, suppliers, shippers and Internet shops directly into the Microsoft Dynamics NAV business processes.

Rental Solution The rental solution is intended to be an add-on to the make-to-order and process manufacturing industry solutions since it is becoming increasingly common in the current climate for companies to lease or rent large machines instead of buying them.

ERP and GDPR Microsoft Dynamics NAV Version 2018 or later will comply with this EU directive by default.

Finance Management The comprehensive solution for financial management with Microsoft Dynamics NAV

Cost Accounting Efficient cost accounting with Microsoft Dynamics NAV

Assets Accounting With fixed asset accounting in Microsoft Dynamics NAV (formerly Navision), you can keep track of your business figures at all times.

Purchasing Purchasing Microsoft Dynamics NAV (formerly Navision) offers you all of the functionalities that you need to comprehensively manage your accounts payable, your purchasing processes and your obligations in domestic and international business environments.

Sales Microsoft Dynamics NAV (formerly Navision) offers you a comprehensive integrated solution that covers all sales requirements from the quotation right through to the invoice, including customer-specific prices and terms, receipt archiving and analysis and evaluation.

Marketing & CRM Microsoft Dynamics NAV (formerly Navision) offers you all of the important tools to completely record your customers' activities, direct your campaigns and evaluate sales opportunities.

Warehouse Management With Microsoft Dynamics NAV (formerly Navision), you can integrate your warehouse management into all of your business processes and you can constantly keep track of your storage locations and the delivery schedules for your goods.

Production The production component of Microsoft Dynamics NAV (formerly Navision) helps you to plan capacity precisely, to direct production processes flexibly and in detail and to apply your production resources efficiently.

Service Management The Service Management module offers you professional software support with important tools that ensure increased customer satisfaction and enduring customer loyalty.

Mobile With the new browser-based user interface, Microsoft Dynamics NAV flexibly adapts to the respective device format, the type of interaction (touch, mouse or keyboard) and the browser type.

[reshmasolutionbuggy-blog]

Indian Chemical Industry: Poised for growth

Key Facts:

The chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries in India in recent years.

200% weighted average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D

Currently, the industry is employing more than 2Mn people

There is a high demand for producing speciality chemicals, agrochemicals, petrochemicals, dye intermediaries and dyestuff and existing plants are operating at maximum capacity

100% FDI is allowed under automatic route in the chemicals sector and upcoming Chemicals and Petrochemicals Investment Regions (PCPIRs) and Plastic parks will give a boost to new entrepreneurs in the chemical industry

Heavy compliance requirement from the government regarding environmental policy means high reliance on consultants

Get expert advice from highly qualified chemical consultants with an average experience of 16 years in the domain.

India is backed by the strongest growth rate in the GDP by the Chemical industry, hence the future looks bright as well. The Chemical Industry of India ranks 6th in the world and 3rd in Asia after Japan and China. In terms of global shipments of chemicals, India ranks 10th in the world. It not only contributes to the GDP but is also like a cornerstone for many of the manufacturing industries in the country and in the world. Likewise is the pharmaceutical industry of India, which is now known to be the third largest market in terms of the volume. Pharmaceuticals has shown consistent growth in fact, Indian vaccines and generic drugs have found its market in about 150 countries.

Pharmaceutical industry falls under the sector where the standard and the quality become much more valuable and important compared to other industries. Just with a business plan, and investors a chemical or pharmaceutical industry cannot be started. Domain knowledge is very critical to start an industry in this sector. Many investors deploy Subject Matter Experts or Pharma Industry Consultants / Chemical Industry Consultants specializing in a plant set up to start with. The rules of the chemical or specifically pharmaceuticals lay that one of the partners must be a registered pharmacist, failing which the company must hire a pharmacist on its behalf with an authority to make changes. The drug license must be obtained by filling in various forms that would seek government approval of manufacture and sale of SCHEDULE C (BIOLOGICAL AND SPECIAL PRODUCTS), SCHEDULE C (1) drugs and approvals from the local Drug inspector.

With Make in India in place, the investment in the manufacturing sector has been made more attractive, the chemical/pharmaceutical industry is getting a global exposure, to expand and enhance which would lead to the generation of employment and also gains a competitive authority. In terms of research and development, the government Weighted tax deduction of 200% under section 35 (2AB) of the Income Tax Act for both capital and revenue expenditure incurred on scientific research and development. With the latest schemes like 59 minutes loan for MSMEs, the manufacturing industries can get up to 1 crore loan which would help the industries expand, and enhance the potential. India has an upper hand as the costs of production of the pharmaceutical drugs are relatively lower than the US and much lower than the UK.

Even with the amplified growth rate and government incentives, the industry does not escape itself from challenges. Like the ancient strategy models, the pharmaceuticals still tend to follow old strategies and models with outdated methods. There is still lack of knowledge on how to structure their innovation, marketing and sales, manufacturing, and portfolios accordingly. This is where the experienced pharma consultants come in and study the company and its place in the market and help them take the road to progress.

Compliance; another major challenge a chemical or pharma industry faces is the government policies and to be compliant with the policies. The companies also tend to face a low margin of profits due to government pricing policies. Pharma consultants and chemical consultants here can ease the burden of a proprietor by helping them to stay compliant to the government regulations, any updation in the new policy and benefitting from policies.

The act of transformation is unhurried. The technology, automation, innovation is not the strength of the Indian chemical or pharmaceutical industry but is rather seen as a weakness. A company to overcome this challenge must put in a lot of effort in Research and development consultants are known to be the aide to the challenge. By judging the company, a consultant might be able to assist the company in amplifying the technological knowledge and adaption.

SolutionBuggy which is the fastest growing platform connecting manufacturing industries with expert consultants has helped many new entrepreneurs looking to setup chemical/pharma related units by giving them the best in class chemical consultants focusing on quality, chemical plant consultants specializing in plant operations & efficiency, Chemical engineering consultants guiding the industry on engineering Research & Development and experts in other functions of chemical & pharma industry.

These experts have eased the efforts required to setup the units, manage all the compliance issues, train the employees, establishing sales and distribution channels, business development related to contract manufacturing, obtaining GMP and EU-GMP approvals etc. We have also worked on projects for existing industries who wanted diversify product portfolio, increase efficiency & productivity by implementing lean manufacturing process or improve employee output through training.

[awesomeblockchain]

As the EU prepares to roll out new data protection regulations this month, concerns are emerging that they could dissuade businesses from rolling out blockchain-based projects because the online transaction technology might innately break the new rules.

The EU's General Data Protection Regulation (GDPR) targets citizens' personally identifiable information (PII), providing transparency around its use and giving people the right to restrict its use or request it be deleted all together.

While GDPR never mentions PII, the new rules describing "personal data" are synonymous with it: "Any information that relates to an identified or identifiable living individual. Different pieces of information, which collected together can lead to the identification of a particular person, also constitute personal data." In short, it means any data that can be tied back to person's identity.

Blockchain, which has taken the business world by storm, is an online electronic distributed ledger technology that can create an immutable record for recording a history of transactions; therefore, if blockchain were to be used as a type of database to transact with PII, it would by default run afoul of GDPR rules. Blockchain ledgers can be added to, but information on the network cannot be modified or deleted. It's a write-once, append-many technology.

Gerry Stegmaier, a partner in the IP, Tech & Data Group of Washington-based law firm Reed Smith, said blockchain's greatest attribute - its characteristic as an unchangeable record that creates trust and a perfect auditing trail - could also be its biggest downfall from a rules perspective.

"Regulators are unlikely to accept the argument that somehow blockchain is exempt from GDPR strictures because a defining feature of distributed ledgers is the impossibility of deleting data, such that it cannot be deployed in a way that enables data deletion," Stegmaier said in an email. "Those kinds of arguments haven't resonated well with regulators."

In general, technology development, for better or worse, has not been at the forefront of data protection policy development in Europe, Stegmaier added. Few regulators have technologists on staff, "and even fewer are technologists themselves."

Others, however, argue that blockchain is not innately at odds with data privacy protection and can actually offer some of the industry's best available data protection methodologies.

Gennaro Cuomo, an IBM fellow and vice president of the company's Blockchain Technologies unit, explained that not all blockchain technology is created equal.

"For broad business and government use, enterprise blockchain technology is now available that solves four fundamental requirements: accountability, privacy, scalability and security," Cuomo said in an email.

In February, Cuomo testified before a congressional subcommittee on blockchain as a transformational building block for many types of business and government communication; he emphasized that bitcoin and other forms of cryptocurrency are but one use of blockchain, just as social media is but one use of the internet.

The company released a white paper that explains blockchain can support GDPR. However, the company notes, personal data should never be stored on the blockchain, and a lot of people don't understand that and continue to do it for all sorts of use cases.

IBM runs a blockchain cloud service and consulting business, which is being used by international corporations to share digital records - everything from cross-border payments to tracking cargo shipments and supply chain management.

There are two forms of blockchain: public and private (or permissioned). Bitcoin and other cryptocurrencies use public blockchains, meaning there is no central authority and anyone can see the information on the electronic ledgers. The ledgers, however, also offer anonymity for users because the financial transactions are tied to hashes, meaning the origin of the data is encrypted and only accessible through a hash key. Those keys belong only to the users and the financial institution backing the transactions. If a user were to lose his or her key, they also would lose access to their data and bitcoins.

Businesses are mainly interested in private or permissioned blockchains, where a central authority governs who is authorized to partake in the electronic ledger.

While blockchain technology allows for information to be stored in the same way it might be in a database, information can also be stored "off chain" in a separate database and linked to the blockchain via private and public cryptographic keys.

The emerging standard industry approach is to avoid having personal data directly on a blockchain, store any such data in editable databases and then only have a one-way hash of that data stored on the blockchain itself.

In a report released last month, Forrester Research said blockchain is ideal for meeting new government data privacy requirements and serving as a trusted repository for identification information should never, ever be stored on a blockchain-based network," said Martha Bennett, a principal analyst at Forrester Research and co-author of the report. "Companies linking PII to on-chain records need to have mechanisms in place that allow that link to be broken irrevocably."

So, for example, if somebody exercises their "right to be forgotten," not only will database records have to be deleted but a business blockchain administrator will also need to ensure that any "on-chain" records become meaningless.

Deleting hash keys tied to information is known as cryptographic data deletion because while the data may still exist, spread across offline databases, it cannot be reassembled without the correct cryptographic keys. In a sense, it becomes gibberish.

Blockchain-based systems can also be part of the solution to new GDPR rules, Bennett argued. For example, the systems can be used to track consent as well as the fulfillment of deletion requests.

The GDPR is a new data protection framework that applies to nations in the EU; it gives citizens more control over how their personal data is used and imposes strict rules on entities hosting and "processing" this personally identifiable information anywhere in the world. (Because so many U.S.-based companies also have operations in Europe, they too are rushing to comply with the changes.)

Just as in a public blockchain, permissioned blockchains have the ability to offer anonymity: only those transacting on the network can see the information; and, even those on the network can be restricted from seeing other's participant's information.

"In an enterprise-ready blockchain, participants are known and are identified by membership keys," Cuomo said. "The data can be trusted because transactions committed to the ledger are immutable - such that they cannot be removed or changed by the actions of a single party. With this accountability, the network is auditable, allowing members to follow and adhere to existing government regulations like HIPAA and GDPR."

Far from restricting blockchain's use, the Congressional Blockchain Caucus is working to collect information on blockchain projects that could help individuals securely establish their identity, enable online payments - such as tax payments - and revamp supply chains.

IBM is a founding member of the Sovrin Foundation, a nonprofit organization now developing the Sovrin Network, which could enable anyone to globally exchange pre-verified data with any entity also on the network. With blockchain, identity theft and fraud can be significantly reduced while the effectiveness of government-mandated Know-Your-Customer and Anti-Money Laundering rules is enhanced, the Sovrin Foundation claims.

Online credentials would be akin to information a person might have with them: a driver's license, a bank debit card or a company ID.

Instead of a physical card, however, the IDs in digital wallets would be encrypted and link back to the institutions that created them, such as a bank, a government or even an employer. Through the blockchain, those entities could automatically verify information to a requestor without providing any other details.

For example, a bank could request a customer verify they earn more than $50,000 a year for the purpose of a home loan; the customer's employer who is part of the blockchain network, could then verify their employee makes at least that amount without releasing their exact salary. The entire transaction would be run by a blockchain business automation tool known as a smart contract.

Applying the GDPR to blockchain technology is going to be a nuanced process as the nature of the many existing and emerging blockchains themselves are quite nuanced, according to Judd Bagley, a spokesman for Evernym, a company that develops self-sovereign identity applications that run on the Sovrin network.

"For example, some blockchains accept and immutably maintain personal information and others do not. Certainly, those that are open to being written to by anybody - such as the permissionless bitcoin blockchain - could potentially have anything added to them with no mechanism in place for removal," Bagley said.

Blockchains built with privacy and GDPR compliance in mind, however, have a clear advantage. The Sovrin ledger, for example, doesn't store personal data. Instead, Sovrin acts like a directory of pointers to an individual's data, stored in more traditional, centralized databases, and takes additional steps to implement the GDPR's privacy by design and default principles.

"The Sovrin approach is actually a dream for GDPR compliance for other reasons," Bagley said.

https://ift.tt/2FWRta7

[simicartnew-blog]

New Post has been published on https://www.simicart.com/blog/magento-feature-list/

Magento Features: The Full List

Magento is a feature-rich eCommerce platform solution that offers merchants complete flexibility and control over the functionality of their online channel. Magento’s search engine optimization, catalog management, and powerful marketing tools give merchants the ability to create sites that provide an unrivaled shopping experience for their customers. Magento’s intuitive administration interface allows you to tailor your site to your unique business needs. Completely scalable and backed by an extensive support network, Magento is the ultimate eCommerce solution.

This post provides you with an in-depth look at Magento features set:

Marketing, Promotions and Conversion Tools

• Related products, up-sells and cross-sells • Catalog promotional pricing with the ability to restrict to stores, categories or products • Flexible coupons (pricing rules) with ability to restrict to stores, customer groups, time period, products, and categories • Generate a set of unique coupon codes for each promotion and export the list of codes for offline distribution, email, newsletters and more. Easily manage and monitor coupon usage and generate detailed reports • Multi-tier pricing for quantity discounts • Minimum Advertised Price (MAP) • Landing page for categories • Customer groups • Product bundles • Recently viewed and compared products • New items promotional tool • Persistent shopping cart • Free shipping options • Polls • Newsletter management • Send to a friend for all visitors or registered users only • Send wish lists by email

Search Engine Optimization (SEO)

• 100% search engine friendly • Google Site Map • Search engine friendly URL’s • URL rewrites give full control of URL’s • Meta-information for products, categories and content pages • Auto-generated site map for display on site • Auto-generated popular search terms page • Google Content API for shopping

Site Management

• Control multiple websites and stores from one Administration Panel with the ability to share as much or as little information as needed • Administration permission system roles and users • Fully 100% customizable design using templates • Support for multiple languages and currencies. Web Services API for easy integration between Magento and third-party applications • Batch import and export of catalog and customer information • Content Management System for informational and landing pages • Tax rates per location, product type or customer group (i.e. wholesale vs. retailer) • CAPTCHA functionality to help prevent automated software from attempting fake logins. This auto-generated test ensures that the login is being attempted by a person and can be enabled in both the admin and customer login areas

Catalog Management

• Simple, configurable (e.g. size, color, etc.), bundled and grouped products • Create different price points for different customer groups, such as wholesalers and retailers • Virtual products • Downloadable/digital products with samples • Unlimited product attributes • Attribute sets for quick product creation of different item types • Inventory management with backordered items, minimum and maximum quantities • Batch updates to products in admin panel • Automatic image resizing and watermarking • Advanced pricing rules and support for special prices • Search results rewrites and redirects • Moderated product tags and reviews • Customer personalized products – ability to upload images and text (i.e. for embroidery, monogramming, etc.) • Customer sorting – defne attributes for customer sorting on category (price, brand, etc.) • RSS feed for low inventory alerts

Catalog Browsing

• Layered / faceted navigation for filtering of products in categories and search results – Filter products by price and display a range of prices based on even increments or by a similar number of products within each range • Static block tool to create category landing pages • Product comparisons with history • Configurable search with auto-suggested terms • Breadcrumbs • Ability to assign designs within category and product level (unique design per product/category) • Recently viewed products • Popular search terms cloud • Product listing in grid or list format

Product Browsing

• Multiple images per product • Product image zoom-in capability • Related products and upsell • Stock availability • Multi-tier pricing upsell • Product option selection • Grouped products view • Add to wish list • Send to a friend with email • Share on Facebook

Checkout, Payment and Shipping

• One-page checkout • Guest checkout and checkout with account to use address book • Shipping to multiple addresses in one order • Option for account creation at beginning of checkout • SSL security support for orders on both front-end and back-end • Saved shopping cart • Accept gift messages per order and per item • Shopping cart with tax and shipping estimates • Saved credit card method for offline payments • Configurable to authorize and charge, or authorize only and charge on creation of invoices • Integration with multiple PayPal gateways • Integration with Authorize.net • Accept checks/money orders • Accept purchase orders • Additional payment extensions available through Magento Connect • Offer Bill Me Later as a payment option • Shipping integration with label printing – view, edit, print labels for all major carriers • Integrated for real-time shipping rates from: – UPS, UPS XML (account rates), FedEx (account rates), USPS and DHL • Ability to specify allowed destination countries per method • Flat rate shipping per order or item • Free shipping • Table rates for weight, sub-total, destination and number of items • On-site order tracking from customer accounts

Order Management

• View, edit, create and fulfll orders from the admin panel • Create one or multiple invoices, shipments and credit memos per order to allow for split fulfillment • Print invoices, packing slips and shipping labels • Call center (phone) order creation – provides transparent control for administrators and front-end enhancements for customers during the shopping process. Changing product configurations, for all types of products, can be done by the call center sale representative on the admin side as well as by the customer throughout the shopping process. Custom product choices and configurations can be changed directly during order creation, in the wish list and the shopping cart – Includes the ability to create new customers, or select existing customers and view their shopping cart, wish list, last ordered items, and compared products lists, as well as select addresses, give discounts and assign custom prices • Assisted Shopping – customer service representatives and other admin users are able to manage products and coupons in customers’ shopping carts and wish lists through the administrator panel • Customized Order Status – tracking an order is easier than ever with customizable order statuses easily assigned to order states. A predefined list of order states (ex. new, processing, payment review, complete) represents the order processing workflow. An order status is assigned as a sub-category of the order state (ex. cancelled, complete, decline) • Create re-orders for customers from the administration panel • Email notifications of orders • RSS feed of new orders

Customer Accounts

• Account dashboard • Address book with unlimited addresses • Wish list with ability to add comments • Order status and history • Re-orders from account • Recently ordered items • Default billing and shipping addresses • Email or send RSS feed of wish list • Newsletter subscription management • Product reviews submitted • Product tags submitted • Downloadable/digital products

Customer Service

• Contact Us form • Create and edit orders from the admin panel • Feature-rich customer accounts • Order history with status updates • Order tracking from account • Password reset email from front-end and admin panel • Order and account update emails • Customizable transactional emails

International Support

• Support for localization, multiple currencies and tax rates – Includes support for WEEE/DEEE in EU • Support for accented characters and right-to-left text • Configurable list of allowed countries for: – Site registration – Shipping destination addresses with ability to specify per shipping method – Billing addresses with ability to specify per payment method • European Union VAT-ID validation facilitates the tax collection process by automatically applying the correct tax rules according to VAT customer groups • EU cookie notification simplifies the EU Privacy and Electronic Communications Directive compliance process by displaying an opt-in message at the top of the storefront

Analytics and Reporting

• Integrated with Google Analytics • Admin dashboard for report overview • Sales report • Tax report • Abandoned shopping cart report • Best viewed products report • Best purchased products report • Low stock report • Search terms report • Product reviews report • Tags report • Coupon usage report • Total sales invoiced • Total sales refunded

Mobile Commerce

Mobile HTML5 (pre-integrated)

• Quickly and easily create a storefront optimized for mobile devices so customers can shop even when they’re on the go. This mobile interface uses HTML5 technology and supports iPhone, Android and Mobile Opera browsers. It includes out-of-the-box features such as: – Device-specifc media capabilities for audio and video – User-friendly search and results display – Clean display of product detail pages – Pinch, multi-touch and scaling images – Easy swipe between product images – Zoom capabilities – Cross-sell and up-sell capabilities – Drag-and-drop of products to the shopping cart

Responsive Design

• Quickly create a site optimized for any device using an included responsive design  reference theme – Can be easily customized for a fast time to market – Includes all major flows, product types, and features – Reduces long-term maintenance costs and eases site updates – Offers SEO benefits by using Google’s preferred approach to optimizing mobile sites

Native Device Applications

• Support available for native applications on iPhone, iPad, and Android mobile devices – One admin panel for multiple devices – Seamless integration with your current product catalog, CMS and store configurations – Real-time customization including updates for promotions and merchandising – Support for a wide range of checkout capabilities

[dailyinsightsuk]

Streamlining Tax Compliance: Using Quaderno to Automate Taxes for Businesses Shipping into the EU.

Quaderno is a powerful tool designed to simplify the process of managing taxes for online businesses. It automates the calculation, collection, and reporting of sales tax, VAT, and GST, helping businesses stay compliant with tax regulations around the world. Introduction: Automating taxes for businesses shipping into the EU can be a game-changer in streamlining operations and ensuring…

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Chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries for the year 2017 in India.

200% weighted the average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D

Currently, the industry is employing more than 2mn people

There is a high demand for producing speciality chemicals, agrochemicals, petrochemicals, dye intermediaries and dyestuff and existing plants are operating at maximum capacity

100% FDI is allowed under automatic route in the chemicals sector and upcoming Chemicals and Petrochemicals Investment Regions (PCPIRs) and Plastic parks will give a boost to new entrepreneurs in the chemical industry

Heavy compliance the requirement from the government regarding environmental policy means high reliance on consultants

Get expert advice from highly qualified chemical consultants with an average experience of 16 years in the domain

 India is backed by the strongest growth rate in the GDP by the Chemical industry, hence the future looks bright as well. The Chemical Industry of India ranks 6th in the world and 3rd in Asia after Japan and China. In terms of global shipments of chemicals, India ranks 10th in the world. It not only contributes to the GDP but is also like a cornerstone for many of the manufacturing industries in the country and in the world. Likewise is the pharmaceutical industry of India, which is now known to be the third-largest market in terms of the volume. Pharmaceuticals has shown consistent growth, in fact, Indian vaccines and generic drugs have found its market in about 150 countries.

Pharmaceutical industry falls under the sector where the standard and the quality become much more valuable and important compared to other industries. Just with a business plan, and investors, a chemical or pharmaceutical industry cannot be started. The rules of the chemical or specifically pharmaceuticals lay that one of the partners must be a registered pharmacist, failing which the company must hire a pharmacist on its behalf with an authority to make changes. The drug license must be obtained by filling in various forms that would seek government approval of manufacture and sale of SCHEDULE C (BIOLOGICAL AND SPECIAL PRODUCTS), SCHEDULE C (1) drugs and approvals from the local Drug inspector.

With Make in India in place, the investment in the manufacturing sector has been made more attractive, the chemical/pharmaceutical industry is getting a global exposure, to expand and enhance which would lead to the generation of employment and also gains a competent authority. In terms of research and development, the government Weighted tax deduction of 200% under section 35 (2AB) of the Income Tax Act for both capital and revenue expenditure incurred on scientific research and development. With the newest of schemes like 59 minutes loan for MSMEs, the manufacturing industries can get up to 1 crore loan which would help the industries expand, and enhance the potential. India has an upper hand as the cost of production of the pharmaceutical drugs are relatively lower than the US and much lower than the UK.   Even with the amplified growth rate and government incentives, the industry does not escape itself from challenges. Like the ancient strategy models, the pharmaceuticals still tend to follow old strategies and models with outdated methods. There is still a lack of knowledge on how to structure their innovation, marketing and sales, manufacturing, and portfolios accordingly. This is where the well-experienced pharma consultants come in and study the company and its place in the market and help them take the road to progress.

Compliance; another major challenge a chemical or pharma industry faces is the government policies and to be compliant with the policies. The companies also tend to face a low margin of profits due to government pricing policies. Pharma and chemical consultants here can ease the burden of a proprietor by helping them to stay compliant to the government regulations, any updation in the new policy and benefitting from policies.

The act of transformation is unhurried. The technology, automation, innovation is not the strength of the Indian chemical or pharmaceutical industry but is rather seen as a weakness. A company to overcome this challenge must put in a lot of effort in Research and development and consultants are known to be the aide to the challenge. By judging the company, a consultant might be able to assist the company in amplifying the technological knowledge and adaption.

SolutionBuggy which is the fastest growing platform to connect manufacturing industries with consultants have helped many new entrepreneurs looking to set up chemical/pharma related units by giving them the best in class chemical consultants & pharma consultants who have eased the efforts required to set up the units, manage all the compliance issues, train the employees, help them in the sales and distribution, get contract manufacturing orders, help them with GMP and EU-GMP approvals etc. We have also worked on projects for existing industries who wanted to add a new product line, increase efficiency, implement lean manufacturing process or improve employee output through training.