The
start-up phase of a new business is critical. Planning is
paramount. The need for professional help is high, but this need for
help comes at a
time when resources are limited.
Your
success will depend on good planning--getting things set up right in the beginning.
It would be sad to look back and say, "I wish I had known that
when I started--things would have been a lot easier."
As
a special consideration to owners of new businesses,
or to those contemplating a new business, we will provide you with
professional advice for $75 per hour. This rate is good until the
end of the first year of operation of your new business. This rate
is for consultation, not tax returns.
Here
are some of the questions we can help you with.
-
What
form of organization should I choose?
-
What
are the advantages of incorporating or forming a Limited Liability
Company (LLC)?
-
What
are the tax consequences of operating as a sole-proprietor?
-
How
does my choice of entity affect the legal liability I may be faced
with personally?
-
When
should a lawyer be involved in the organization of my business?
-
What
will be the most critical accounting cycle in my business? What
business and accounting software will be best suited to handling this
critical cycle?
-
How
much of my own bookkeeping should I do? How often should a
professional review my books during the year?
-
What
basis of accounting should I elect to use--cash, accrual, or tax basis?
-
What
kind of records do I need to keep to satisfy the IRS?
-
What
recent tax law changes will help me take large deductions for the cost
of software, equipment and furnishings?
-
How
do I handle auto expenses? Should I buy or lease? What can I write
off? Should I use actual expenses or the mileage method?
-
Can
I take a home office deduction?
-
How
do I handle start-up costs and organization costs?
-
How
do I set up a Health Care Plan for me and my family and then write-off
health care expenses like they were business expenses?
-
How
do I set up a Retirement Plan for myself and avoid paying any social
security tax on the contributions? Why am I currently paying
social security tax on my contributions to a 401(k) or IRA?
-
What
kind of federal or state employment taxes am I subject to? What
reports do I need to file?
-
Am
I subject to state franchise tax? How can I avoid paying the
state franchise tax?
-
Should
I be collecting sales tax on my product or service?
For
help with these and other questions, call for an
appointment.
Our
phone number is 512-260-1919
Cedar Park, Texas
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