Velisa Bookkeeping Services, a dedicated and reliable Accounting and Tax firm, serving Maryland since 2017.
In order to successfully run a small business, you need to have a business plan in place and a business strategy to make sure your plan goes through. Getting past the difficult steps to get that strategy set up is what actually makes the real difference between your dream being just an ordinary dream and …
Continue reading Strategic Management Tasks for the Small Business Owner
Many Americans have the creativity and entrepreneurial spirit to start their own small business. These individuals often use their own resources as initial capital and may sacrifice personal finances in order to grow their companies. Financial experts applaud the drive and commitment of these small business owners, but warn that they must also consider their …
Continue reading 8 Financial Planning Tips for Small Business Owners
Challenges for growing small businesses There are good reasons for hiring an accountant at different stages of your company's growth. From a business plan to company formation, loan application to tax audit, an accountant can make life easier for you at each step. That doesn't mean you always need to employ an accountant full-time or …
Small business owners often fill multiple roles, but wearing too many hats can cause your business to suffer–especially when your bookkeeping does not get the attention it requires. Instead of trying to do everything yourself, it may be better and more cost effective to outsource your accounting needs to a professional. 11 Reasons to Hire …
Continue reading 11 Reasons to Hire a Professional for Your Small Business Bookkeeping Needs
What Does a Bookkeeper Do? Bookkeepers ensure that all of a company’s expenses, income, and transactions are recorded in the company’s books and reconcile the company’s financial accounts, typically on a monthly basis. Bookkeepers might also help with financial statement and financial report preparation. Although bookkeeping can be in-house staff position, most businesses employ bookkeepers …
Continue reading What Does a Bookkeeper Do, and How Can They Help My Business?
Remember the days when you kept your head down, worked hard, and hoped for the financial best? With “best” being defined as a meager 2-4% annual raise, which wasn’t even guaranteed, and if you were lucky enough to receive a raise, the majority of it would be swallowed by taxes. If your employer didn’t come …
Continue reading What to Do When Employees Ask for a Raise…But Don’t Deserve One
One reason some small businesses fail is that new entrepreneurs can get so excited about the creative side of the enterprise that they neglect some of the basics of setting up and running a business. If you started your small business basically by the seat of your pants, it’s time to make it official. Here …
Continue reading 6 Steps to Run Your Small Business Like a Big Business
While there can be many different challenges when starting and managing a small business, money concerns top the list for most small business owners. There are many ways you can give your business a financial overhaul by modifying your operations processes, but there are also some easy things you can do in the day-to-day management …
Continue reading 5 Everyday Money Management Tips for Small Business Owners
Managing income and expenses accurately is an important aspect of running a business successfully. Unfortunately, many small businesses make mistakes in their books, without even realizing the impact those mistakes can have on their long-term viability. No system is foolproof, but whether you’re running your books through an accounting system like QuickBooks Online or Xero, …
Continue reading How to Avoid the 5 Most Common Small Business Accounting Mistakes
Business owners know that most of their expenses are deductible. But it might surprise you to learn how many leave money on the table by not claiming all allowable write-offs. Overlooked Business Deductions Here are the most commonly overlooked deductions. Carryovers Your tax activities in prior years sometimes yield deductions in the present. So check …
Continue reading Take Advantage of Overlooked Business Deductions
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