MARIELA RUIZ, CPA, PLLC

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Tag: bookkeeping (page 2 of 2)

3 Signs That Your Business Needs Accounting Services

January 19, 2022 / / 0 Comments
An accountant sitting at a desk with a computer doing taxes

For 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 reporting.

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 produce financial 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. 

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Conclusion

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.

Accounting for Small Business Owners

June 30, 2021 / / 0 Comments

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 business.

Bookkeeping

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 business loans.

Audits

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.

Taxes

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 business owners.

Final Thoughts

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.

Ways Small Business Owners Can Prepare For Tax Season

March 31, 2020 / / 0 Comments

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!

Conclusion

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.

What’s the Difference between Accountants and Bookkeepers?

October 30, 2019 / / 0 Comments

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.

Accounting

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.

Accounting Duties:

  • Analyzing costs of operations
  • Aiding in the understanding of the impact of financial decisions
  • Completing income tax returns
  • Preparing and adjusting data entries
  • Preparing company financial statements

Bookkeeping

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 immediately.

Bookkeeper Duties:

  • Completing payroll
  • Maintaining and balancing subsidiaries, general ledgers, and historical accounts
  • Posting debits and credits
  • Producing invoices
  • 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 covered.

Why You Need a Bookkeeper

June 28, 2019 / / 0 Comments

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.

Personal Escape

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, and income.

Second Opinion

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.

Scheduling

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.

Conclusion

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.

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