New Business Startup

How Can You Start A Successful Business?

           Introducing our Business Startup Package!

Approximately 50% of small businesses fail within the first 4 years, according to www.bloomberg.com
The NY Times put it best, one of the main reasons for small business failure is due to poor accounting:

“You cannot be in control of a business if you don’t know what is going on. With bad numbers, or no numbers, a company is flying blind, and it happens all of the time. Why? For one thing, it is a common — and disastrous — misconception that an outside accounting firm hired primarily to do the taxes will keep watch over the business. In reality, that is the job of the chief financial officer, one of the many hats an entrepreneur has to wear until a real one is hired.” -Jay Goltz, Small Business Owner, Journalist

It is a misconception that an outside accounting firm hired primarily to do the taxes will keep watch over your new business. That is where we differentiate ourselves from other accounting firms with the New Business, “Start It Off Right” Program.

What’s separating your business from those that fail?  I have helped lots of businesses get started with the right foundation and right direction maximizing their ability to survive and thrive.  Additionally, as a past Controller and CFO, I bring lots of “real” business experience to the table…not just CPA gobblygook!

This package includes the following benefits:

Tax Deductions And Records: 

Assistance in what tax structure best benefits your business. What tax records do you need to keep, how to keep your records and helping YOU understand common business deductions so that you can know you are not overpaying your taxes.  We also provide you guidance on how you may utilize little know, legal tax deductions.    An INFORMED Business is a SUCCESSFUL one

Employer Identification Numbers:

Guidance on what you need for any required federal, state and sales tax registration numbers.

Miscellaneous Business Advice:

Guidance on how to pay yourself, how to take draws, keep your records, accounting systems, and many other very important business startup issues.

Contract Review:

If purchasing an existing business, we will review the purchase offer to determine strategies to maximize your tax benefits and help you understand the numbers.

Employee And Subcontractor Issues:

Educate you in the difference between employees & subcontractors as viewed by the tax agencies  – Expensive if you do it wrong. We will assist you in setting up your company payroll.

Telephone Calls And Meetings: 

We will participate in up to four additional telephone conferences or meetings with you, lawyers, brokers, bankers and others involved in the purchase or startup of your business during the start-up phase or up to 120 days post-purchase.

Follow Up Assessments:

We will conduct 2 business reviews at 6 and 12 months after the start of your business to discuss your business financial and operational information. Discussions will include your current financial status, cash flow, tax planning, trends in your business and any other business or tax issues.

Various Worksheets and Aids to help you with your new business:

The package is packed with worksheets; pricing guidance and other educational items that will help you start it up right!

Contact us at office@tedsmithcpa.com for more detailed information about this package.

 

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