Maryland Bookkeeping provides bookkeeping services for business owners desiring the advantages of accurate, well-organized records but without the complexities or costs involved in employing a full or part time bookkeeper.
Many business owners know that while they are concentrating on their core business, financial record keeping can easily become overwhelming. Out of date or poorly prepared records can jeopardize their business. Maryland Bookkeeping solves this problem by offering high quality bookkeeping services for businesses owners.
OUTSOURCED ADVANTAGES
We provide you with electronic or paper back-up copies of your data. A copy is also kept at our office so in the event your files are damaged or lost, we have a back-up copy. Other advantages include:
- No hiring or firing of employees
- Data integrity
- No control issues over in-house employees
- No benefits costs to in-house employees
- Timely financial data
- More cost effective
Flexibility is an important aspect of Maryland Bookkeeping. A wide range and combination of services are offered, including:
- Monthly bank reconciliations
- Manual check postings including reviewing and coding of checks written
- Accounts receivable maintenance
- Accounts payable management (invoice entry, reporting, payment and cash management reporting)
- Bill pay automated via QuickBooks (or other software) or online via your financial institution
- Payroll processing (either internal or outsourced)
- Periodic tax payment and reporting matters (estimated tax payments, sales tax remittance, etc.)
- Accounting for industry specific transactions (i.e. job costing, real estate settlement (HUD 1) analysis, etc.)
- Chart of accounts and financial statement set-up
- Up to date financial reporting available via monthly reporting (or more frequent) or instantaneously utilizing our remote access model
- Journal entry preparation required to reconcile reports
BOOKKEEPING ARTICLES
Who is Today's “Professional Bookkeeper”?
Answer: Part accountant, part tax whiz, part financial analyst.
Forget about the stereotype recluse with meticulous records and no skills. Today's professional bookkeeper (as opposed to “bookkeeping clerk”) is expected to know... that Joe's health insurance is tax-free, but Alice's must have federal income tax and Social Security tax withheld; click here for rest of article.
American Institute of Professional Bookkeepers announces 10 changes that can save you time and money (and grief with the IRS) — if you know about them.
- To deduct cell phone usage, at least 50% of cell calls must be for business — and your records must substantiate business vs. personal use.
- IRS ends the “mailbox rule,” which states that timely deposit of a return or payment with the U.S. Postal Service is treated as timely delivery to the IRS. The new rule: Other than direct proof of delivery, a certified or registered mail receipt is the only way to claim that a tax document was delivered to the IRS or Tax Court on time.
- Now you can use “industry practice” as proof that workers are independent contractors (not employees). In a key 2004 court case, a local cable TV firm proved that paying installers as ICs was industry practice. Click here for the rest of the article.
CONTACT
For more information about these services or to schedule a review of your situation, contact Bruce Caulk, CPA at (410) 453-5500 ext. 1419, bcaulk@nlgroup.com or Teresa Sowder at (410) 453-5500 ext. 1440, tsowder@nlgroup.com.
Members of the American Institue of Professional Bookkeepers