Velisa Bookkeeping Services, a dedicated and reliable Accounting and Tax firm, serving Maryland since 2017.
Does the thought of bookkeeping fill you with uncontainable excitement? Probably not. What about money in the bank to make your business ambitions a reality? Now we’re talking. It turns out that boring ol’ bookkeeping and business capital have more in common than you might think. You need cash to grow your business, but as …
Continue reading 7 Basic Bookkeeping Habits to Help You Secure Financing
Filing your taxes as a W-2 employee can be overwhelming. But when you’re self-employed, the labyrinth of paperwork and potential tax deductions creates a tax situation that’s enough to give even the most laid-back freelancer heartburn. Whether you’re filing your business taxes as a self-employed worker for the first time or the 20th, there are …
Continue reading The ultimate guide to tax deductions for the self-employed
Business owners should not use a business bank account for personal use. It’s a bad practice that can lead to other issues, including legal, operational and tax problems. As the company grows, the problems will also grow. That is, if the company is able to grow. Many businesses operated in a fiscally-lax fashion don’t grow …
Continue reading Can You Use a Business Bank Account for Personal Use?
A bookkeeper can be one of the most important hires your organization ever makes. A good bookkeeper can keep you on the straight and narrow. A bad one can take you off the rails. There are key skills and attributes you should look for when hiring a bookkeeper; here are 10 of the most important: …
Continue reading 6 Tips for Hiring the Right Bookkeeper for Your Business
You should have a nice office — for many reasons. It can impact employee performance, contribute to customer or client satisfaction, and affect your profitability and ultimate business success. Setting up and maintaining your physical layout entails one-time and ongoing costs. Office Expense Deductions The tax rules on how to write-off office expense deductions can …
Bookkeeping is important for helping you maintain accurate financial records. Yet still, many businesses fail to implement this integral process. Besides the fact you are required under law to maintain accurate books and records, doing so will save you frustration later on. In fact, “poor accounting” is one of the top reasons businesses fail. Without …
Bookkeeping is one of the main accounting services. It ensures your taxes are done properly and your finances are in order in the event you’re audited. But maintaining your books isn’t something you should do solely as a tax-savings strategy. If done right, it can also prevent you from losing your sanity and help you …
If you are a small business owner, you may think your accountant or bookkeeper is responsible for all book and financial related services. While their responsibility is to handle this, it doesn’t mean you are resolved from all responsibility. As a business owner, if you don’t understand your books, how can you grow your business? …
Continue reading 5 Accounting Tasks All Small Business Owners Should Do
You’re probably at least generally familiar with the concept of leasing versus buying from car shopping. But on top of considering whether you want to rent or buy, you also need to think about which one is best for your accounting. Here’s what you need to know. Upfront Cash Flow You generally need more cash …
Continue reading Leasing vs. Buying for Small Business Owners: How Does it Help Your Accounting?
Accounting is an important component of business operations, regardless of the size of the company. However, smaller businesses often face unique accounting challenges that larger businesses may not encounter. Below are some of the most common accounting challenges small businesses can face. 1. Payroll. Payroll is a big job for businesses of all sizes. Every …
Continue reading The Top Accounting Challenges Small Businesses Face
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