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Category:  Accounts Payables

It is rather an accepted norm to view outsourced Accounts Payable services as a traditional mandate. However, each passing year we witness fleeting trends that influence and impact the outcomes of Accounts Payable. As we stand midway across 2019, now is as good a time as any to assess and analyze the strategies and trends that have made a difference this year. With trends and tactics evolving every day, it is highly critical to stay Read More

The 5 important bookkeeping tasks you should be doing every day

Category:  Bookkeeping Services

“A stitch in time saves nine” In general, every little thing that you put off until tomorrow, that which can be done today pushes you one step closer to an insurmountable pile of tasks dwindling by a choking deadline. The consequences of procrastination have far more pronounced repercussions in the realm of bookkeeping for small businesses. Certain bookkeeping tasks require to be taken care of year-round. It has rather become a tradition for most people Read More

Plan Ahead to Make Tax preparation Easier for You

Category:  Taxation

Planning, in general smoothens the course along every walk of life. And planning ahead provides the added advantage of forecasting possible scenarios down the road. Many perceive taxes as a once-in-a-year exercise, but it has all the elements of being a year round agenda. To exercise precaution, it is highly recommended that you keep receipts for all expenses and possible tax deductions that you consider claiming. Scanning and electronically filing for better accessibility will come Read More

Posted by: Admin

September 28, 2018

Impact of the New Tax Rates on your Pocket 3

Category:  Taxation

As a consequence of the latest tax reform, there are going to be changes in Federal revenue tax charges for nearly all taxpayers. The charges of some of the taxpayers’ are likely to change greater than others. A closer look into the new tax rates and corresponding brackets will help shed some insight into the possible impact that will ensue. The following tables compare and contrast the changes in the Tax rates and brackets for Read More

Why use a professional for your tax preparation service

Category:  Taxation

The line of horror movies stacked up for release this year a little ahead of the tax season is highly symbolic of what is to come. Once again, we stand on the brink of another tax season, quite aware of what awaits us. The thought of a myriad of paperwork built around umpteen hours of strenuous study and scrutiny is capable of sending shivers down one’s spine. Redundant obsequious squealing from the coffee machines would Read More

Secret to Hiring the right Company for Your Bookkeeping - Velan Bookkeeping Blog

Category:  Bookkeeping Services

Small businesses sail through a sea of scathing conditions, especially during their initial stages. With limited manpower, and agendas spewing way past business hours, it almost always is a full plate. Ideally yet ironically, bookkeeping happens to be one of the most critical and least favourite activities of small business owners. Many would prefer a root canal sitting with a dentist over balancing their books. Sidelining bookkeeping can result in adverse repercussions that can even Read More

Why Managing Accounts Receivables Could Save Your Business

Category:  Accounts Receivables

For any business firm to blossom and grow, understanding customer demands and meeting their satisfaction is vital. To do this, the firm should maintain a healthy balance between the growing demands of customers and the increase in responsibilities that are bound to follow. This will strike the chords of harmony that will allow for the required growth and stability of the firm. And as the customer base expands, so will expand the need for lucid Read More

Category:  Accounting

Have you ever wondered why your bookkeeping and accounting system is in shambles? We do realize how an organized, clean, well maintained books of accounts depict the health of the business. This scenario arises when a lukewarm attempt is made to DIY bookkeeping, lack of time, incompetent bookkeeper or just failing to get it done. A sensible way is to start your bookkeeping in the correct way from the beginning. Maintaining the books and balance Read More

tax returns 2018

Category:  Taxation

Why file your tax returns ASAP? The tax filing season has opened up to individuals. The Internal Revenue Services has shifted the deadline for tax filing to April 17, 2018. The filing deadline was extended by two days (usually, it is April 15 every year) because 15 April 2018 falls on a Sunday. The 16th is observed as Emancipation Day, a holiday in Washington D.C. Just like any other Federal holidays, Washington holidays have an impact on Read More

Small Business Accounting

Category:  Accounting

10 Small Business Accounting Trends to Kick-start 2018 2018 is here and just like every other year, we’re mopping our brows thinking the previous year went down way too fast. But the New Year is not about moping on bygones but learning from the past and looking forward to the future! So here are 10 Small Business Accounting Trends for the year 2018. For all small businesses who’re looking to make bookkeeping and accounting a lot easier Read More