Starting your own business? We help startups by explaining the different entity choices available, along with the tax ramifications of each to help you make the right choice. Our new business startup service will help establish your new entity structure, get your books started correctly, and provide accounting tax service.
Every year thousands of new small businesses are launched. What we have found is that although most new business owners are adept at starting and running their businesses, they require assistance in many areas of finance, laws and taxes. We have worked with many business models and sizes from small one man/woman operations to large, well-funded start-ups.
There comes a point in time when new businesses are best served by seeking professional help in setting up the best tax structure for their business to legally save taxes. We have many years of experience working with startup businesses in many different industries. We can advise you as to the best legal structure from a tax standpoint, and help with getting your accounting and books set up.
Our new business startup services include:
The type of legal business structure you choose to start your business will have a large impact on your finances and legal protection. We’ll help you evaluate the tax advantages and pros and cons of setting up as a Sole Proprietor, a Partnership, a Limited Liability Company (LLC), or a Corporation (C Corp or S Corp).
We’ll review your financial plan, offering any suggestions from an accounting or tax perspective.
We will apply for a federal tax ID number for your new entity. You will need this to open a business bank account, file taxes, and much more. We will explain the pros and cons of making an S Corp election, which is the most common type of tax election for small businesses.
We believe that it serves new business owners to outsource certain functions to focus on their core competencies of operating and growing their businesses. You can outsource your business accounting and bookkeeping to us, taking those duties off your hands and making tax time effortless. If you choose to do them in house, we can help you set up your books in QuickBooks accounting software and train you in how to use it.
If your business is required to collect sales tax, we will help you register your business account with the state.
Don’t wait until next year to start thinking about business taxes. Make a tax planning appointment for strategies to lower your tax bill now, while your business grows.
Call our office for a list of required paperwork to bring to your appointment.