At Velin & Associates, Inc., we believe that accurate bookkeeping is more than just crunching numbers—it’s the backbone of every successful business. Whether you're a startup, small business, or growing enterprise, maintaining organized and precise…
As artificial intelligence (AI) and automation continue to reshape the tax and accounting industry, it's tempting to believe that software can replace the need for professional guidance. While these technologies offer speed and convenience, the…
If you missed the April 15 tax-filing deadline, don’t panic—but don’t delay either. Filing your tax return as soon as possible can help minimize penalties, reduce interest, and keep you in good standing with the…
April 16, 2025 Tax season has concluded, but for many Californians, especially those affected by the recent wildfires, the journey isn't over yet. Thanks to federal and state disaster relief, you now have until October…
One of the first—and most important—steps every business owner should take is separating personal and business finances. Whether you're a freelancer, a startup founder, or a seasoned entrepreneur, keeping these two financial worlds apart is…
Every dollar your business earns counts — but so does every dollar you spend. While increasing revenue is a common goal, cutting unnecessary costs can be just as effective in boosting your bottom line. Smart…
As we progress through 2025, several significant tax changes are on the horizon that could impact both individuals and businesses. Staying informed about these developments is crucial for effective financial planning and ensuring compliance. Below…
Advice to a friend who wanted to reduce and postpone her RMD (required minimum distribution): (1) Rolling Funds from a Traditional IRA to a Roth IRA While I have been reading about the stock market…
When tax season rolls around, many individuals end up paying more than they should simply because they overlook tax deductions that could significantly lower their tax bill. The good news is that the IRS allows…
As part of its annual inflation adjustments, the Internal Revenue Service (IRS) has released several key updates for the 2025 tax year that will affect both individual and business taxpayers. These adjustments, outlined in Revenue…