Velisa Bookkeeping Services, a dedicated and reliable Accounting and Tax firm, serving Maryland since 2017.
Freelancers and independent contractors will see changes to tax rates and deductions next year, with some mandates still in effect now. The Tax Cuts and Jobs Act was signed into law by President Trump in December, bringing significant changes to U.S. tax law. However, these changes will be rolled out at different times: While some, …
Continue reading 3 Ways the New Tax Law Will Impact Your Taxes … and When They Take Effect
Freelancers and independent contractors face unique challenges during tax season. Here are some quick tips to better manage the process and maximize your deductions. Tax season: Two words that can strike fear into the self-employed. Whether you did a few extra freelance gigs on the side or manage your own business, self-employment adds additional layers …
Small businesses are not immune to employee theft and fraud, and in some ways, may be more vulnerable than larger companies. The trusting, familial characteristics that make a small business a pleasant place to work, sometimes contribute to an environment conducive to fraud. According to the California Society of CPAs, the best way to prevent …
Continue reading Fraud Prevention Steps for Small Businesses
At some point or another, you’re going to have to get down with accounting reports. Not the most exciting task, we know, but pretty important. But what kind of accounting reports should you be creating as a small business owner? Accounting reports are powerful documents that provide deep insight into your business’s performance. But unless …
Continue reading Three Accounting Reports You Should Be Keeping
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