Accounting is of great use when starting a business. Indeed, it
is the tool that makes it possible to provide and store data related to the
financial state of a company. However, when you embark on a business launch in
Mission, TX, a large number of accounting procedures are essential stages as per
law. A seasoned accountant can help you in this new business venture,
from the time of launch to the final steps. Let’s explore more in this month’s
Get the Right Business Plan
Your business plan is the complete presentation file for your
creative project. It is necessary to obtain professional aid. However, during
this key stage, an accountant can support you and provide you with the
knowledge on how to deal with taxes, legal and social obligations, and most
importantly, how to achieve your company’s objectives. This is called the
Ensure the Credibility of Your Project
Not only does the creation of a business have a cost, but in
addition, you often need to build your credibility as a business owner and earn
respect and trust for the work you do. Here, an accountant can help you analyze
your market as part of your market study, carry out the legal formalities for
the creation of your business, and finalize your business plan. In this area,
accountants are real strategists and second-to-none.
Detect Any Scams That May Hamper Your Business
Money frauds are everyday things in business if you ignore
organizing your records from the beginning. To avoid such kinds of potential
financial losses, you must have a trusted person to keep a regular check on
your cash flow and manage your records. A seasoned accountant or bookkeeper is
a sensible investment to operate a successful business. You need to play smart
if you want a successful launch.
Learn more on how an accountant can save your business from fraud here.
Remember, launching a business is a big achievement in itself,
but hiring the right accountant will be another feather in your cap. Rely on
our accountants and bookkeepers! Contact MARIELA RUIZ, CPA, PLLC to be
well-supported and guided at each stage of the creation and development of your
business. Our accountants take the time to explain each possibility to you.
Bookkeepers and accountants both support and manage businesses at different stages of the financial cycle. Therefore, it gets hard to distinguish between each process. Do you want to learn about the difference between bookkeeping and accounting? To help you get a better understanding, we have compiled an in-depth analysis that will explain the functional differences between accounting and bookkeeping. Scroll down to read more!
The Key Differences between Accounting and Bookkeeping
It helps you record and categorize your business’s daily
payments and expenses.
It helps you send customer invoices.
It also helps you to record all the payments received throughout
the month and year.
It even helps you conduct bank reconciliation every month.
Both bookkeepers and accountants are required for organizing financial records and balancing finances, along with accurate tax filing. Plus, both accounting and bookkeeping play a vital role in contributing to the long-term success of every business. However, you should know that the charges for accounting and bookkeeping may vary accordingly. Lastly, it all depends on your choice, as whichever option you choose, your main concern should be to help your business grow and expand at the same time.
If you’re looking for professional accounting and bookkeeping services, you can rely on MARIELA RUIZ, CPA, PLLC. We offer professional accounting and bookkeeping services and support from a team of knowledgeable experts in Mission, TX. Check our website to learn more about our services, or simply give us a call at (956) 997-0067 for further assistance.
startups, it is easy to get by without the services of an accountant in the
beginning as there is barely any need of it. If you own a business and have
access to an accounting software with the know-how of accounting for small business owners, you will do just fine. But as you
continue to expand, there will be tell-tale signs that it is time to hand over
the task to a professional accountant.
1. Your business has experienced a major growth spurt.
With great power, comes great responsibility. Every business
owner dreams of such progress and if you are experiencing such a shift in
paradigm, you will need to expand. More staff, inventory, work processes, and
internal system only leads to more paperwork and calculations. It is wise to
have a person dedicated to this task and responsible for keeping all the
finances in order.
2. You find yourself in need of professional financial
If your business is in search of investors or loans, it is
better to have your company’s financial state and history in order. It is one
of the most integral parts of a loan application or a proposal to investors.
You will need a professional who knows the trade inside out. An accountant
understands the relevant information that needs to be included with financial
reports to score investors and loans. An accounting specialist will also
forecasting for your business. This will provide insights for what
direction your business is heading to.
3. An audit hangs over your head.
An audit due can be a stressful experience. If it is your first time being audited, you should know what the audit process is. If you don’t have a professional accountant by now, it’s high time you get one. An accountant will work through your paperwork and help you organize and identify the information that the IRS will inquire about in the audit. Your hired accountant can also directly liaise with the IRS on your behalf. This will free up your time to work towards more productive and constructive goals.
MARIELA RUIZ, CPA, PLLC offers professional accounting and bookkeeping services in Mission, TX. We guarantee you success through our highly experienced team of accountants, tax experts, and bookkeepers. We don’t ask for your vote of confidence – we will earn it through our services. Get yourself an accountant at MARIELA RUIZ, CPA, PLLC or call us at (956) 997-0067 to book an appointment.
One of the most challenging jobs entrepreneurs and small
business owners are responsible for is accurately managing their finances and
taxes up to legal standards. From payroll services to tax preparations most
small business owners find that investing in expert outside help is well worth ensuring
meticulous perfection throughout the books. Below we review some key points you
or your CPA should be aware of when managing the finances for your small
It’s crucial for small business owners to keep accurate
financial records regarding all aspects of their business through bookkeeping. Bookkeeping
can include anything from payroll services and financial statement preparation
to reviewing invoices and managing expenses and revenue. It provides vital data
that can help with management decisions, taxes, and getting approved for
Nearly all successful businesses will perform regular internal and external audits to ensure authenticity and search for any inconsistencies. External audits are more effective than internal audits than because they eliminate any possible conflicts of interest, must be completed by a CPA, and provide impartial results.
When it comes to small business taxes there is so much more
involved than just the tax preparation itself. Many small business owners benefit
from strategic tax planning and audit representation to further ensure their
business is safeguarded by the best. Texas is home to the second largest
economy in the country and with that comes unique tax conditions for franchise
owners, limited liability companies, sole proprietorships and other small
Over the years Mariela Ruiz, CPA, LLC has provided countless
business owners in Hidalgo County, TX with affordable and convenient
bookkeeping and payroll services including audits, tax preparations, financial
consulting, forensic accounting and much more. Visit our website for a full list of our array
of services or call (956) 997-0067 for any questions you may have.
Just the thought of tax season approaching can cause people of all kinds to stress. Whether you are self-employed or own a small business, taxes are confusing and overwhelming. If you are a small business owner, we’re here for you! Follow along with these tips to see how you can best prepare for filing!
Here are some tips:
One of the first ways you can feel prepared is by consistently keep your personal tax information separate from your business’s tax information. It is important to remember you will have to file each separately, so keeping them from getting mixed together is a great way to avoid stress later on down the line.
Another great way to prepare is by keeping track of all your business records. Ensuring your payroll and other lists detailing your expenses are all in order is a great way to feel less lost. When you can easily lay everything out, there will be less confusion! If you are struggling with understanding the types of documents needing to be saved, hiring a professional bookkeeper is the best way to ensure your confidence.
Finally, seek help with payroll! While it may seem easy enough, hiring a professional who can keep track of all your payroll expenses and documents is a great investment. Not only can you cross the worry of weekly payroll duty off your list, but also come tax season you are going to have a perfectly laid out file. You and your tax professional will be much happier with perfectly kept records from an experienced bookkeeper!
Tax season is unavoidable, so instead of stressing and putting off the inevitable, feel prepared! Hire a bookkeeping expert to help you year-round. Visit MARIELA RUIZ, CPA, PLLCto get started today.
When it comes to accounting and bookkeeping, there are many
differences. While these careers have many similarities and common goals, they
are there to support your business in very different ways and for different parts
of its business operations. Simply put, bookkeeping is more transactional and
administrative while accounting is there to give you proper business insights
based on bookkeeping information. We understand that you might not know the differences
between these careers; we hope the following blog will give you all the
information you need.
As previously stated, accountants take care of the big
picture by providing you with business insights based
on bookkeeping information. An accountant will process all the financial
information that was brought to you by the bookkeeper or business owner. From
there, he or she will create a financial model using that information. Accountants’
analysis should inform you on business trends and growth opportunities.
Analyzing costs of operations
Aiding in the understanding of the impact of
Completing income tax returns
Preparing and adjusting data entries
Preparing company financial statements
Bookkeepers, on the other hand, will play more of an
administrative role in the business. They are more focused on recording
financial transactions. This will help
build a business to be financially successful. The bookkeeper is on the ground
floor, managing your daily transactions and looking out for changes to the
organization or significant financial events that should be addressed
Maintaining and balancing subsidiaries, general
ledgers, and historical accounts
Posting debits and credits
Recording financial transactions
Businesses will succeed more often than not when they have a
complete picture of their finances, and bookkeepers and accountants each look
at a business’ numbers through different lenses. In order to receive the best
advice for your business, it is essential to have both an accountant and
bookkeeper by your side. If you are looking for someone you can trust with your
bookkeeping or accounting services, you can count on MARIELA
RUIZ, CPA, PLLC. No matter what you are looking for, we have got you
Running your own business can be a tricky and stressful job. Taking charge and managing everything from stock and employees, to sales are all important tasks you must take care of when you are a business owner. While some of these tasks can only be handled by the owner, there are other tasks that can be overseen by a professional who is willing to help. A bookkeeper is one of the best resources you can have as a business owner. Follow along with this blog to find out why you should hire a bookkeeper.
One of the most difficult aspects of running
your own business is finding balance. Outside of your business, you also have a
personal life. It can be all too easy to get caught up in everything that needs
to be done at work. While it’s great to be focused on your work life, having
some personal time to spend with your family and friends is equally as
important. Hiring a bookkeeper to manage all your business finances can help you
find time to spend outside of the office. You can leave work knowing that
someone is going to help balance and take care of your expenses, transactions,
Staying sharp and up-to-date on all current
business owner education and information is important. However, some aspects of
running your own business can be opinion based; that is why having a bookkeeper
who sees all your finances and income can help you view things through a
different perspective. If you are considering making a few changes within your
business, your bookkeeper should be your go-to person for a second opinion.
Being a business owner can be very demanding. There are multiple places where you need to be, differing situations you must take care of, plus attempting to balance family time. All of these things must be handled while also keeping track of when bills are due. Hiring a bookkeeper can make a huge difference in your ability to balance all these tasks and deadlines. Your bookkeeper will be able to take care of the books and pay all your bills on time so that you can keep up with your travel and family obligations. Bill deadlines are just another thing you can cross off your to-do list when you hire a bookkeeper.
Running your own business is a very demanding
job. Having as much help as possible is very important. Hiring a bookkeeper to
help you keep track of all your financial moves can make all the difference in
your ability to balance work and personal life. Knowing that your books are
being taken care of and your bills are getting paid even while you’re away can
give you peace of mind. If you’ve been convinced, head on over to our website
to get started with your bookkeeping process.