Business Startup

Let Us Help Your Business Startup Succeed

For many entrepreneurs who being with a business startup, it often becomes clear that managing their company’s finances and taxes can be a full-time endeavor in and of itself—not to mention keeping up with the impact that being a business owner can have on their personal finances. That’s where our firm can help relieve the burden.

If you’re just starting a new business, our firm can guide you through the process of entity selection, provide valuable tax planning advice, and help you optimize your accounting structure. And, when your business grows to the point that you need professional back office and tax preparation support, look no further than our team of financial professionals to deliver comprehensive, affordable solutions that allow you to focus on growing your business—not day-to-day financial management.

Our firm will also partner with you throughout the year to ensure that your new business is in compliance with the latest tax codes, that your tax payments remain on track, and that your tax burden is reduced whenever possible. We’ll also ensure that your personal finances are on track and that you taking full advantage of any potential tax savings related to your unique situation.

Let us be your trusted financial adviser with you every step of the way as your business startup and personal financial needs evolve.

Here are a just a few of the ways we can help with new business formation:

  • Prepare an initial business plan to clarify your marketing, management, and financial plans.
  • Determine your startup capital needs.
  • Identify sources of startup capital and backup sources if needed.
  • Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  • Select a new business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
  • Select the right accounting software by evaluating your budget, needs and hardware.
  • Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
  • Establish billing and collection procedures to maximize your cash flow.
  • Establish procedures to monitor and control costs.
  • Setup a home office so you can maximize your tax deductions.
  • Prepare and file:
    • all required state and local licenses and permits.
    • your application for your Federal Employer Identification Number.
  • Provide payroll and payroll tax filing when you bring on your first employee.
  • Comply with employment laws so you don’t get hit with fines and unhappy employees.

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Business Startup Services - Katy TX CPA