When it comes to managing your business's finances, there's no room for error. Accounting mistakes can have severe consequences, potentially sinking your business and damaging its reputation. In this article, we'll explore the importance of professional assistance and how it can safeguard your business from accounting pitfalls.
 

Managing your finances and ensuring compliance with tax regulations can be challenging for any business. Mistakes in financial reporting or non-compliance with tax laws can lead to costly penalties and jeopardize your business's reputation. In this article, we'll explore the reasons why hiring an accounting firm is essential for avoiding costly mistakes and staying compliant.
 

As a business owner, managing your accounting and financial tasks can be time-consuming and complex. That's why many successful businesses are turning to outsourcing their accounting needs. At Edrien Inc, a trusted provider of accounting services in Baltimore, Maryland, we understand the importance of efficient and accurate financial management. In this article, we'll explore the benefits of outsourcing your accounting tasks and how it can save you time and improve your business results.
 

In today's fast-paced business world, efficient management of documents and data is crucial. With the growing demand for remote work and the need to access information from any location, cloud-based documentation has become increasingly important. The experts at Edrien Inc. are here to discuss the value of cloud-based documentation, explaining how it can help streamline operations and enhance productivity for businesses of all sizes.

Whether you’re a business owner, employed, or a contractor, it’s imperative that you hold on to your tax records for at least three years after you file your tax return. However, if you filed a claim for a loss from worthless securities or bad debt deduction, you will need to keep it for seven years.

Original Article Source Credits: cnet, https://www.cnet.com

Article Written By: Clifford Colby

Original Article Posted on: May 5, 2021

Link to Original Article: https://www.cnet.com/personal-finance/4th-stimulus-check-white-house-doesnt-rule-out-another-round-of-payments-in-2021

Happy Holidays from Edrien Inc. Wishing you a joyous and safe holiday season, and a happy New Year 2020! May you have many more blessings to come in the near future!

We would like to take this moment to thank all of our clients who have supported us over the years.

If you need any assistance from us during the holiday season, feel free to get in touch with us by clicking here.

Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of the daily operations of a specific industry, and the tax accounting business is no exception.

During tax season, many taxpayers are busy gathering the right documents to make sure they do not face charges from the IRS. While that is crucial, filing tax returns is also an excellent opportunity to boost one’s tax refunds and reduce any liabilities. However, such a role often requires planning, knowledge of tax laws, and expert assistance.

As tax and accounting specialists, it’s essential for us to keep updated on the latest tax regulations and accounting practices while also staying connected to other professionals.

To stay current, we use a variety of online and offline sources to provide the latest tax and accounting services to our clients and strengthen our business and relationships.

At Edrien Inc., we pride ourselves on providing high-quality tax services at affordable prices, and over the last several years, our success has been driven by happy clients, who have given us referrals and written positive reviews about our services. While quality is something that runs through our veins at Edrien Inc., so does gratitude. 

Combining your finances with your spouse after marriage changes the way you file your taxes because your filing status, your tax amount, and paperwork are now different. All of these new additions can make filing joint taxes confusing and stressful.

Fortunately, there a few things you can do to ease your tension. At Edrien Inc. we understand the taxation trouble couples face after marriage, so to guide you through the complicated process, we have compiled a Beginner’s Guide to filing taxes as newlyweds.

When you start your business, managing your financial matters appears simple enough. However, as your business grows, your financial responsibilities increase, and it is at this stage where the confusion with taxes begins. To prevent any trouble with the IRS, you may decide to seek the guidance of a tax professional.

However, if you’re looking for a reliable tax accountant, you need to put in a sufficient amount of research to find someone that matches your expectations. You also need to go through reviews you see online and speak to people who’ve worked with them.

Our email newsletter is a one-stop resource for relevant news and content about Edrien Inc., accounting, bookkeeping, tax preparation, and tax returns.

With everything you care about in one place, it’s easy to stay in the know about all things related to accounts and tax preparation.

As a family-owned accounting business, we evaluate all your financial records and ensure they comply with tax regulations and applicable laws. However, we sometimes deal with clients who face an audit by the Internal Revenue Service (IRS) for intentionally not declaring their additional income or misdirecting their income at the time.

Happy Holidays and a prosperous New Year 2019 from Edrien Inc.! May we all have a safe holiday season this year!

If you need any assistance from us during this time, feel free to get in touch with us by clicking here. 

Everyone wants to reduce their tax obligation by claiming more expenses. However, when looking for deductions they might be entitled to, clients often have a ton of questions but find answers difficult to come by. To ensure you have all your doubts cleared, Edrien Inc. has answered some of the most frequently asked questions about tax returns.

Who wouldn’t want a significant tax return or a substantial amount of deduction on the taxes they owe? While the answer is everyone, not everybody is eligible for deductions and big returns. Unfortunately, there are a few bad apples in the field of tax accountancy that lure clients with the promise of getting them some tax bonuses.

At Edrien Inc., we listen to our client’s needs and pride ourselves on delivering on our promises. But you don’t have to take our word for it. Here’s what our clients are saying about us:

Managing your accounts and doing taxes is easy if you have a knack for it, but most people lack the required know-how. Their lack of knowledge leads them to gloss over the rules of taxes which change frequently and make costly mistakes that sometimes leads to an Internal Revenue Service (IRS) audit.