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

Best expense trackers for small business in 2024

Expense trackers are software applications designed to help small business owners keep a close eye on their expenditures. They provide features to record, categorize, and analyze expenses, enabling owners to make informed financial decisions. Small business owners can identify cost-saving opportunities, optimize their spending, and ensure they are well-prepared for tax season. Here are the …

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Form W-2 and W-4. What is the difference?

Tax / By Jamila Afridi

When it comes to tax preparation, the W-2 and W-4 forms are arguably the most important pieces of the puzzle. Understanding these tax forms is essential for both employees and employers. Here is what these forms are, when to use them, and why they are important. What is form w-2? The W-2 form, also known …

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How to start a business in 2024- Detailed Guideline

Business / By Jamila Afridi

Starting a business is an exciting adventure that demands meticulous planning and execution. Remember, the Consistency is Key—write it on a sticky note and place it next to your laptop as a constant reminder. To transform your idea into a successful enterprise, adhere to these detailed steps to ensure you are on the correct course. …

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7 BOOKKEEPING DIY MISTAKES AND HOW TO FIX THEM

Bookkeeping / By Jamila Afridi

It’s tempting to try to handle your bookkeeping all by yourself to save money, but that DIY approach often ends up costing more in the long run. The truth is, even small errors and oversights in your bookkeeping can snowball into major headaches down the line. Missed deductions, inaccurate reporting, and compliance issues can all …

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IRS INSTALLMENT FORM 433-d

Uncategorized / By Jamila Afridi

What is Form 433-D? If you owe a significant amount of money to the IRS and are unable to pay the full amount at once, setting up an installment agreement form 433-D can help you manage your debt. One way to set up an installment agreement is by filling out Form 433-D, which is used …

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How to check your IRS refund.

Tax / By Jamila Afridi

Waiting for your IRS tax refund can be both exciting and nerve-wracking. Fortunately, tracking its status doesn’t have to be a daunting task. If you’ve filed your return electronically, you can typically check its status within as little as 24 hours after submission. However, if you filed a paper return, it may take approximately four …

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How to set up a 401k for your small business.

401K PLANS FOR SMALL BUSINESSES

Business / By Jamila Afridi

As a small business owner, you strive to provide your employees with the best benefits possible while ensuring the financial stability of your company. Offering a retirement plan like a 401(k) is not only a valuable benefit for your employees but also a strategic move to attract and retain top talent. An understanding of 401k …

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How to Differentiate Your Business in a Competitive World

Business / By Jamila Afridi

In today’s fast-paced and ever-evolving business landscape, standing out from the competition is essential for success. With countless companies vying for consumers’ attention, differentiation is key to attracting and retaining customers. But how can your business carve out its own niche in a crowded market? Here are some actionable strategies to help you differentiate your …

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How to catch up on Bookkeeping

Bookkeeping / By Jamila Afridi

In the whirlwind of running a business, maintaining meticulous bookkeeping often falls by the wayside. Yet, staying on top of your financial records is crucial for making informed decisions, meeting tax obligations, and ensuring the overall health of your enterprise. If you find yourself behind on your bookkeeping tasks, and need to catch up on …

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How do I request an abatement (form 843)

Tax / By Jamila Afridi

What is IRS Form 843? Form 843, also known as the “Claim for Refund and Request for Abatement,” is a formal document issued by the Internal Revenue Service (IRS) to allow taxpayers to seek refunds or seek reductions in penalties, interest, or outstanding tax obligations. You can access Form 843 on the official IRS website …

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Jamila Afridi

Best expense trackers for small business in 2024

Form W-2 and W-4. What is the difference?

How to start a business in 2024- Detailed Guideline

7 BOOKKEEPING DIY MISTAKES AND HOW TO FIX THEM

IRS INSTALLMENT FORM 433-d

How to check your IRS refund.

401K PLANS FOR SMALL BUSINESSES

How to Differentiate Your Business in a Competitive World

How to catch up on Bookkeeping

How do I request an abatement (form 843)

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