New Business Startup

If you are considering opening up a new business, you will need an accountant. Accountants offer new business startup services that insure that your business model makes sense and you have adequately considered the financial implications associated with a new business venture.

For example, small businesses tend to make allot of money when the owner is doing all the work. When an employee is hired, the business owner does the simple math necessary to determine that they can afford to pay a $9 per hour worker.

What the business owner does not usually consider is the taxes that need to be paid, worker’s compensation insurance costs, and the resulting impact on the bottom line.

This is only one of many considerations that a small business must take into account. An accountant can take the guesswork out of everyday business decisions. Accountants also assist with setting up the resale and employer tax ID numbers that are necessary to open up a business account. Unsure of what bookkeeping system you should use? Accountants are familiar with a variety bookkeeping software programs and can guide you in the right direction.

When most people start their first company, they believe that they have educated themselves in all pertinent areas. When they file their first year’s income taxes, they learn just how they were. Don’t make the mistake of going it alone; call an accountant for your small business.