Velisa Bookkeeping Services, a dedicated and reliable Accounting and Tax firm, serving Maryland since 2017.
If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms that you will need to file with the IRS and the various taxes you will be required to pay. Every business is required to file a federal tax or information return. The type of business …
Accounting may not be your favorite topic, but it’s a necessary part of running a legal and functional business. You must report your business’s income and expenses, report payments to workers, and more. You might be wondering, What tax forms do I need for a small business? To get the ball rolling, here are a …
Is there such a thing as a right or wrong entity to form when first incorporating your business? Personally, I don’t think so as long as you do make it a point to incorporate. Many entrepreneurs will usually pick a sole proprietorship or a limited liability company (LLC) as their entity of choice. If you …
Continue reading Should You Incorporate as a Sole Proprietor or LLC?
Starting a business requires paying attention to numerous details, including many that have legal significance. But when entrepreneurs have so much to juggle and stay aware of, slip-ups can happen. The list of potential missteps is long. I am sharing several of those mistakes to give you a feel for what could set you up …
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