New Business StartUp
Congratulations on starting your business !!
Starting and running a small business can be very challenging, but very exciting. Probably more of a pain in the butt, yet most business owners start a company to do something they love. That passion can be a great motivator, but it can also be a detractor. Proper tax preparation and planning, record-keeping of your small business tax deductions and money handling is a must. This is just the operational stuff- you also have to consider entity structure, exit strategies, risk mitigation, retirement planning and all that hoopla.
We will help:
Determine your start-up capital needs
Identify sources of start-up capital and backup sources if needed
Select a business structure that best fits your needs by evaluating tax advantages, ease of operation and expansion scenarios
Select the right accounting software by evaluating your budget, needs and hardware
Prepare a cash flow budget so you know exactly how much money you need to keep the business alive each
month for the first few years. Unplanned cash requirements are always emotionally painful
Establish billing and collection procedures to maximize your cash flow
Establish procedures to monitor and control costs
Setup a home office so you can maximize your tax deductions
Prepare and file all required state and local licenses and permits
Let's start this business the correct way, from the very beginning, and avoid the headaches (and penalties) of incorrect or incomplete filings, compliance or missed deadlines.
