Do you have business ideas and thinking about starting your own business? After market research has been done and a company name chosen, 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 types of business from sole proprietorships 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).
When the legal business structure has been decided, we can help with your new business formation, including a corporation setup or LLC setup. You will also need to get the appropriate business licenses.
We’ll review your financial plan including startup cost, requirements to start, ideas for how to finance your business or get venture capital, and offer any suggestions from an accounting or tax perspective.
We will register your business with the federal government and get a federal tax ID number for your new entity. You will need this to open a business bank account, get a credit card, 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 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. Whether you have an online business or a local brick and mortar location, filing your taxes on time is critical.
Don’t wait until next year to start thinking about business taxes and tax returns. Make a tax planning appointment for strategies to lower your tax bill now, while you grow your business. We’ll help you determine your tax withholding.
Call our office for a list of required paperwork to bring to your appointment.