Velisa Bookkeeping Services, a dedicated and reliable Accounting and Tax firm, serving Maryland since 2017.
Maybe you’ve decided to start your own business (congrats), or maybe you’re already running one (also congrats). In either case, you need to make a budget. But where to start? A budget is the financial plan for your business. It’s the blueprint for how you achieve your goals and ultimately make your business thrive. It’s …
Struggling to find funding for your great idea? These tips will help you get started when looking for money to launch your business.Business ideas come easy to some, but what happens when you have a good idea but no money to get started? Countless entrepreneurs have run into funding challenges when looking to build a …
Continue reading 10 Ways to Get Money to Start a Small Business
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
In Rev. Proc. 2018-18, the IRS announced the new lower tax brackets for 2018 and a number of other new items affected by P.L. 115-97, known as the Tax Cuts and Jobs Act. It also issued inflation-adjusted amounts for many provisions that were unchanged by the Act, other than that the inflation adjustments now must …
Continue reading IRS issues new tax rate tables, inflation adjustments for 2018
You’ve hired your first employee. Now you need to make sure he or she gets paid. If you’re new to payroll, you might find yourself in some uncharted waters, navigating a sea of new terminology — pay periods, unemployment tax, something called Form 941. If you’re feeling overwhelmed, we’ve got you covered. Here’s a quick …
Continue reading The Five Payroll Basics Every Employer Should Know
For the small business owner, bookkeeping is often seen as one of the necessary evils that we all must face. The tedious and mundane task of bookkeeping can often take up hours and hours of time. This is the primary reason that well over one-half of all small business owners do not keep their finances …
Continue reading 10 Common Bookkeeping Mistakes & How to Avoid Them
Tax Season Tips 1. Organize your pay stubs, bank statements and W2 and 1099 forms. documents. 2. Keep track of all your expenses, deposits, and transactions throughout the year. 3. Find a professional tax service authorized by the IRS. 4. If you foresee that you may have to pay the IRS. Make a budget plan …
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