Jamila Afridi, Author at Accounting, Bookkeeping & Tax Prep Services in Virginia

7 Essential Steps to Create and Manage Your Small Business Budget

Starting a new small business can be an exciting and challenging endeavor, and having a well-structured budget is essential for its success. Whether you’re launching a new online store, a local service-based business, or a specialty product line, creating and consistently maintaining a detailed budget can provide you with the financial visibility and control needed …

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Do College Students Have to File Taxes?

Tax / By Jamila Afridi

Filing taxes for the first time can feel like a daunting task for many college students. The good news is that most students are required to file a tax return, even if they don’t think they’ll owe any taxes. Here’s a guide to help you navigate the process successfully. Why Should College Students File Taxes? …

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How Far Back Can the IRS Audit?

Tax / By Jamila Afridi

As a business owner or individual taxpayer, facing an IRS audit can be a daunting and stressful experience. However, by understanding the IRS’s audit procedures and the limitations on how far back they can go, you can better prepare for and navigate the process. Arming yourself with knowledge about what triggers an audit, the necessary …

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Ecommerce business owner doing bookkeeping

Bookkeeping for Ecommerce business

Bookkeeping / By Jamila Afridi

Running an ecommerce business is no easy feat. While the allure of selling products online and reaching a global customer base is enticing, many online entrepreneurs struggle with the financial management side of their operations. In fact, studies show that poor bookkeeping and financial management are leading causes of small business failures, with up to …

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Prioritizing Employee Wellbeing: 5 Strategies for Small Business Success

Business / By Jamila Afridi

As a small business owner, you understand the crucial role your employees play in the success and growth of your organization. Beyond just their technical skills and productivity, the overall wellbeing of your team can have a significant impact on your company’s performance, employee retention, and workplace culture. Employees are seeking workplaces that support their …

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Defining an Exit Strategy for Your Small Business

Business / By Jamila Afridi

As a small business owner, it’s essential to have a well-defined exit strategy in place. An exit strategy is a plan for how you’ll eventually leave your business, whether that’s through a sale, transition to a family member, or some other means. While it may seem premature to think about an exit when you’re actively …

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Overwhelmed and need to do business automation

10 Things Your Small Business Should Automate

Business / By Jamila Afridi

As a small business owner, you’re constantly juggling a multitude of tasks and responsibilities. From managing finances to handling customer inquiries, the demands on your time can be overwhelming. Fortunately, there’s a solution to help streamline your operations and free up your precious time: Automation. Social Media Posting Automating your social media posting can save …

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How Does Outsourcing Payroll Work?

Bookkeeping, Business / By Jamila Afridi

Payroll is a critical function for any business, but managing it in-house can be time-consuming and complex, especially as your organization grows. That’s where outsourcing your payroll can be a game-changer. What is Payroll Outsourcing? Payroll outsourcing is the practice of hiring a third-party company to handle some or all of your organization’s payroll responsibilities. …

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Bookkeeping and Payroll. What’s the difference?

Bookkeeping, Business / By Jamila Afridi

Managing finances is a crucial aspect of running a business, and two of the most essential components in this realm are bookkeeping and payroll services. While they both deal with financial management, they serve distinct functions within an organization. What is Bookkeeping? Bookkeeping basically involves the systematic recording, organizing, and managing of all financial transactions …

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Things You Need to Consider When Hiring a Bookkeeper

Uncategorized / By Jamila Afridi

Hiring the right bookkeeper is an important decision for any small business owner. Your bookkeeper will be responsible for managing your financial records, processing payroll, preparing tax documents, and providing valuable insights to help you make informed business decisions. Choosing the wrong person for this role can lead to costly mistakes, compliance issues, and headaches …

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Jamila Afridi

7 Essential Steps to Create and Manage Your Small Business Budget

Do College Students Have to File Taxes?

How Far Back Can the IRS Audit?

Bookkeeping for Ecommerce business

Prioritizing Employee Wellbeing: 5 Strategies for Small Business Success

Defining an Exit Strategy for Your Small Business

10 Things Your Small Business Should Automate

How Does Outsourcing Payroll Work?

Bookkeeping and Payroll. What’s the difference?

Things You Need to Consider When Hiring a Bookkeeper

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