Are you starting a new business or simply going out on your own as a consultant? If so, there are some critical decisions that you will have to make that will impact your tax liability, personal assets, how you run and manage your business, your profitability and how you track your profitability.
It starts with selecting the correct business entity for your situation and carries through to how you set-up and manage your work and processes. You face a number of critical decisions, such as, what functions do you want to outsource or how do you maximize your time and focus on the tasks that will drive revenue and growth.
We help our clients sort through these critical decisions and provide solutions that will free up an owner's time, help the business organize efficient processes, track expenses and profitability while staying in compliance with the numerous tax laws and changes to the tax laws. Our support and services are scalable. As your business grows, the support and services you require can grow as well.
Choosing the Right Business Structure
Do you know the difference between a Sole Proprietorship, Partnership, S Corporation, or C Corporation? Do you know that when you choose an LLC, that you will have to notify the IRS of how you want the business to be treated for tax purposes. Do you know that if you don't, your LLC will default to an entity that is taxed as a Sole Proprietorship or Partnership?
Give us a call and we can help you select the most appropriate business structure for your business.
Payroll Tax Guide Summary
Do you know the consequences of not making deposits and chronically ignoring letters from various revenue agencies? Did you know that failure to make payroll tax deposits or file reports on time will result in severe penalties that can cost you as much or more than 50% of what you owe in payroll taxes?
Check out our Payroll Tax Guide Summary and see what taxes you are responsible for as an employer and the give us a call to see how our payroll services can assist you.