Business Formation Services
Tax Time CPAs is proud to have been instrumental in forming many exciting local businesses. We offer robust CPA consulting services so that when you’re ready to make your business dream a reality, you have the resources you need to succeed.
When you’re an entrepreneur at heart, there’s nothing more exciting than finally starting your own business. However, you need to get certain things in order first. Forming a business without a financial plan can devastate your launch and compromise your goals.
That’s where an experienced CPA can help. Our CPAs provide customized consulting services for clients in any business vertical. Starting with essential first steps and reviewing everything from taxation to liability to financing, we’ll help ensure the vitality of your business for years to come.
Our Business Formation Services
Predicting or knowing everything needed before establishing a business formation is hard. One of the major perks of hiring a CPA from the start is that you can rest assured someone is looking out for your financial safety. Here are just a few of the essential steps we can help with:
- Determining entity. Before you begin collecting income, you must establish the right business entity. The entity you choose will affect your future legal and tax obligations, and choosing the wrong one could result in mishaps like double taxation. We can help you decide whether a corporation, S-corp, LLC, or partnership is right for you.
- Establishing back-office processes. After determining your business entity, the next step is figuring out how you want to run things behind the scenes. Payroll processing, bookkeeping, and merchant services are just a few things you need to worry about. Partnering with a business accounting firm can relieve the pressure.
- Securing bank financing. Let’s face it — you will need capital if you want to grow your business. Acquiring the necessary funds is difficult without the right data. We’ll help you prepare the reports you need to approach banks confidently.
- Making a tax plan. If you think filing personal taxes is complex, wait until you try to file your business taxes. The reality is that you risk making critical errors unless you’re an expert, like neglecting to claim the available credits and deductions. It’s almost always more cost-effective to hire a CPA tax specialist.
Although these tasks are among the most critical to accomplish before your business launch, they are not all. That’s why the smartest new business owners partner with a trusted CPA firm. Our CPA consultants provide year-round support so that you can focus on what matters — growing your company.
Why Outsource Your Small Business Business Formation
You didn’t get this far with your business by making bad financial decisions, but now, the sheer number of financial decisions you must make daily is overwhelming.
When you realize you can’t handle it all yourself, you’re faced with a big question: hire a bookkeeper or outsource? For the vast majority of business owners, outsourcing is the answer. And there are several good reasons for that:
Scalability. If you hire an accounting clerk to oversee your books, they will work for you for 40 hours per week at most. What happens when your business grows? They’re overwhelmed, and you’re looking at another hire. On the other hand, our bookkeeping firm can scale your business and adapt to your needs as they evolve.
Cost. Any business owner who has hired an employee knows labor is expensive. It’s not just salary — you have the training, workers’ compensation, health insurance, paid time off, and other benefits to pay for. There’s no reason to pay for all of that when our expert bookkeeping firm can provide exactly what you’re looking for.
Accountability. As a business owner, you are where the buck stops when something goes wrong. So, if you hire an in-house bookkeeper, it’s on you if they make mistakes. On the other hand, our bookkeeping service has built a reputation for quality and remains fully accountable to your business.
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