Shelby Accounting Services

01/29/2025

Searching for a skilled and professional accountant? Look no further! Contact us at (757) 987-4679 to schedule your consultation. We look forward to working together!

01/28/2025

It's critical to maintain digital copies of your business’ financial documents and to back up the data. Consider it your records’ insurance policy. Because cloud-based bookkeeping software frequently has automated backup options, using it can simplify this process. Have questions? Call us at (757) 987-4679 today!

01/27/2025

Starting a new business? Then you need to set up your accounting. To find out more, call our office at (757) 987-4679 to schedule your first appointment with us. We can help you lay down a proper foundation.

01/24/2025

There’s a lot of recent talk about student loan deferment and forgiveness, but what exactly does that mean? Understanding your repayment options and financial situation will assist you in making informed decisions so you can manage your student loans more effectively. https://bit.ly/4ee3U1A 📞(757) 987-4679

Managing student loans can be overwhelming, especially when you're facing financial difficulties. Understanding your options for deferment and forbearance can help you navigate these challenges more effectively. This guide will explain what these terms mean, how they differ, and when to consider eac...

01/22/2025

With our experience, insight, and knowledge, our team is here to help you reach your financial goals. Get started with us today and schedule your first consultation by calling (757) 987-4679.

01/21/2025

Effective accounting and bookkeeping are critical to a business’ success. While related, they have separate functions. Bookkeeping is the recording of daily financial transactions, including payments made and payments received. Bookkeepers also systematically store financial documentation, such as receipts, purchase orders and invoices. In contrast, accounting uses the data bookkeeping maintains to produce financial statements. Analyzing the statements, accountants like us can provide insights that help owners like you evaluate performance and make smart business decisions. For more information, contact us at (757) 987-4679.

01/20/2025

No one likes seeing a lot of their money go straight to taxes. But your savings can grow tax-deferred, or even tax-free, with tax-advantaged accounts. Contributions to traditional IRAs and 401(k)s can be tax-deductible or pre-tax, with no taxes due until money is withdrawn. Contributions to Roth IRAs and 529 plans are after-tax, but qualified distributions are tax-free. Need help figuring out which ones may be best for you? Schedule an appointment with us at (757) 987-4679. We can give you personalized tax guidance.

01/17/2025

There are two main methods for business accounting: accrual and cash-basis accounting. Knowing the benefits and drawbacks of both can help you to determine which better suits the needs of your business needs and financial goals. https://bit.ly/3YupJUC 📞(757) 987-4679

When managing your business finances, choosing the right accounting method is crucial. Two primary methods stand out: accrual accounting and cash-basis accounting. Understanding the differences between these methods will help you decide which one best suits your business needs. What Is Cash-Basis Ac...

01/15/2025

Take control of your finances today with an expert in accounting services! Whether you’re a small business owner or an individual looking for accounting support, we’re here to simplify your financial journey and help you turn your vision into value! Contact us now at (757) 987-4679 for a free consultation and start building a stronger financial future.

01/14/2025

To properly maintain your business’ financial records, every transaction must be documented, including the date, amount, and description. To prevent cash flow problems, closely monitor accounts receivable, follow up on past-due invoices and consider charging late fees. To avoid owing late fees yourself, keep an eye on your accounts payable and make payments on time. Need help? Contact us at (757) 987-4679 today.

01/10/2025

Regardless of whether you have a sprawling mansion or not, estate plans are for everyone because we all have possessions worth protecting. Understanding just what assets matter in an estate plan is the first step in helping you to make informed decisions and cover all your bases. https://bit.ly/48uG9Ri 📞(757) 987-4679

Estate planning is a crucial aspect of financial management that ensures your assets are distributed according to your wishes after you pass away. While it's easy to assume that only the wealthy need estate plans, the truth is that everyone has assets worth protecting and distributing thoughtfully.....