Starting up a new business venture takes a great deal of time in terms of research, planning and motivation. As an entrepreneur your main focus is typically on the operations and marketing side of your business. If you are like most of our clients, you just don’t have the time to focus on the accounting, administrative and tax areas of your business. Unlike some other accountants who don’t have small business experience, we have direct experience in launching startup companies ourselves so we a have a unique insight into the specific needs of early stage entrepreneurs.
Here are some of the areas we can help startup businesses:
Entity selection and consultation – We can help you determine the best legal structure for your business from a tax and cost savings perspective (Sole Proprietor, Partnership, LLC, S Corporation, C Corporation, etc.). We are often able to save new business owners thousands of dollars in otherwise-lost tax deductions and potential non-deductibility of startup expenses.
Fictitious Business Name Statement (dba) – We can advise you on filling out the correct paperwork and taking the proper steps to set up proper bank and credit card merchant accounts in your business’s name.
Federal and State ID Forms – We can help you apply for a Federal Tax EIN Number, CA EDD Employer Account Number, State Board Of Equalization Resellers permit, etc.
Accounting System Selection and Implementation – We can advise you on the best software to use for your business accounting system and also help you get your books correctly set up.
Payroll Advisory – We can advise you on how to best structure employee payroll vs. independent contractor status as well as set up payroll for your business.
Accounting and Bookkeeping Guidance – We can provide you with a detailed road map of which business expenses are tax deductible, how to make sure you have the correct documentation and take the correct steps to receive full deductibility of your business expenses.
Tax Advice and Planning – We can advise you on how to legally limit your tax liability, reduce your risk of an audit as well help you make proactive tax moves so you keep more of your profits and help build a better quality of life for you and your family.
General Business Consultation – We can serve as your part-time interim CFO and help you make the right financial moves to help build the value of your business as well as maximizing profitability.
Capital Sourcing, Loans and Investment – We can help you secure traditional debt financing through our established relationships with banks and lending sources and put you into contact with potential strategic investors.
Business Partners – Our goal is to become your strategic business partner. We view our role as an advisor to our client. Our mission is to connect you with potential third-party partners who may add additional value to your business and help you secure additional business prospects if we have any existing relationships with the ideal type of client you are seeking.