Start A Business Smoothly
Know the Simple Steps for Starting
Your Business Right.
We can help you avoid becoming another failed business statistic.
With our help, you will identify and avoid the common mistakes many new business owners make. We will help you build a business plan for success, as well as provide financial management services to meet your needs.
Steps to starting your business right…
- Prepare a business plan and determine your initial capital needs.
- Identify your current resources, as well as sources of start-up capital and your borrowing capacity.
- Review potential business structures in terms of tax advantages and portability in case you need to relocate.
- Plan for financial management of your business by selecting accounting software that fits your projected budget and gaining the hardware necessary to run it.
- Understand the key components of a Cash Flow Projection and develop one to cover each month of your business for the first year, at least.
- Learn about the best billing and collection procedures to maximize your cash flow.
- Research and gain an understanding of employment laws so that you are prepared to comply from the start.
- Consider a home office for maximizing tax deductions.
- Prepare and file for all local and state licenses and permits.
- Gain a Federal Employer Identification Number and set up payroll services and payroll tax filing systems with your first employee.
- Identify any business insurance needs.
- Develop a Partnership Agreement. By putting the terms of all business partnerships into writing, you will save a lot of future pain and headache, as well as the potential detriment of your business.
Don’t let this list overwhelm your desire to start a business. Our services were created with small business owners like you in mind.
Call us today to start your business the right way!
Ready to come in for an appointment?
Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!
What our Clients are saying
I became overwhelmed this past winter with an unusually high amount of bookkeeping and wanted to transition a growing client to a company that could handle the day-to-day transactions while keeping the personal care they were accustomed to (mail pick up, deposits to the bank, as well as the regular monthly reports for the board) I found Hometown Accounting to be a perfect fit and was very pleased with how easy, friendly, and personable they are when it comes to handling the needs of a business. I highly recommend!
I found Hometown Accounting to be a perfect fitMy partner and I own two business in Cuba (a well known restaurant and salon) Glennda and her team take a personal and exceptionally helpful approach to our accounting needs. This team is knowledgeable, professional, and thoughtful in their method, and ensures we take all the necessary action to stay compliant with the numerous laws and regulations that are often times overly complicated. If you need a hands off approach to an accountant, this is your team. If you need a hands on approach to an accountant, this is your team! They adapt to your needs, and are very reasonable in the pricing as well. Whether you need an accountant for personal needs, or business needs, they’ll have you covered. They even recently opened an office in Cuba, which is so helpful to us. Rita (who works the Cuba location) takes time out of her day to stop in weekly and print a specific report needed for our accounting purposes. While this may sound like a small thing, it strikes one thing off of my partner and my weekly task list. I cannot recommend them higher for their level of customer service.
knowledgeable, professional, and thoughtful