Start Ups

At TaxAssist Advisors, we encourage people who are about to start a business to come and talk to us first. We can help you get the business off the ground, look at your cash flow position, find the best bookkeeping system for you and discuss the tax-saving opportunities available.

Business Structure

Before choosing whether to operate as a sole proprietor, partnership, an LLC, or a corporation, you need to consider factors such as commercial risk, expected profitability, financing, tax planning and preparation. We can talk you through this important decision.

Business Planning

A business plan can be an important tool. Even if you are not looking to borrow any money, a plan can help you understand your current position, set clear goals, and give you an indication of what the future holds.

When constructing your business plan, you should consider:

• Your objectives for the business
• Your expectations of sales, costs, margins, and profitability
• Your experience/qualifications in the type of business you want to launch
• How you will finance the business

Record keeping

Keeping records helps you to monitor the profits of the business and therefore, assists you in making decisions. We can talk you through your record-keeping responsibilities and help you decide which bookkeeping system is right for you.

Tax

We will assist with acquiring an EIN number and registering the business with the respective state.

How we can help

It is much easier to avoid making mistakes and maximize your chances of success, if your business is well planned before you launch. We would be happy to assist with the preparation of a business plan and talk you through the best structure for your business. Contact us today to arrange your free initial consultation using our inquiry form.