GROUP

There is much to consider when planning your business. Some is fun, like planning market strategies or designing your product, while some is considerably less fun, like looking for financing options.

 

The worst are the paperwork and other formalities-deciding on the business structure, setting up record-keeping systems and making sure that your new business is in compliance with all federal, state and local regulations, etc.

 

This is where we can help you. We can't promise to make it fun, but we CAN relieve you of the worries and take care of the paperwork (with clear management direction from you).

 

Or, if you prefer, we can work with you to explain clearly what you need to do and check-in regularly, making sure you stay on track and do not miss any important deadlines in government reporting.

You decide what works for you. Many entrepreneurs and new businesses are short on cash and time, so the least visible part of running a business (paperwork) is pushed to the very end of the to-do list.

Unfortunately, this is the not the most prudent approach. Years of practice has shown us that making informed decisions before diving into action and taking care of the required paperwork on a regular basis doesn't cost more – it actually saves you money.

Taxpayers pay a lot for audit assistance if their records are not in order. Taxpayers pay a lot in unnecessary tax if they did not plan their operations right from the very beginning or do not update their plans when their situation changes.

In the long run, it is crucial to evaluate your options and decide how you want to run your business.

 

We will be with you along the way, answering your questions, reminding you of deadlines, preparing required reports and compiling information for decision-making. Just let us know how we can help. 

Contact us today at info@td-tax.com

Meanwhile, there are a lot of resources and information that could be useful to a business owner.

If this is your first business, we recommend you read the following:

http://www.entrepreneur.com/article/75118  Provides good explanation of various business structures.

 

 Good articles on various bookkeeping issues for a new business:

http://www.entrepreneur.com/moneymanagement/bookkeeping/archive143958.html

 

There is a lot of good information on www.irs.gov, but you need know what to look for:

 

“Washington State New Business Owner Guidebook”

http://dor.wa.gov/Docs/Pubs/ExciseTax/BusinessTaxBasics.pdf 

 

**Please contact us for information on other states.

 

If you know the basics and want to move further in your understanding how taxes and bookkeeping affect your business, review 

http://www.allbusiness.com/accounting-reporting/corporate-taxes/2975296-1.html#axzz2ISUC8g7E