New Businesses and Consultants Are you starting a new business or simply going out on your own as a consultant?  If so, there are some critical decisions that you will have to make that will impact your tax liability, personal assets, how you run and manage your business, your profitability and how you track your profitability. It starts with selecting the correct business entity for your situation and carries through to how you set-up and manage your work and processes.  You face a number of critical decisions, such as, what functions do you want to outsource or how do you maximize your time and focus on the tasks that will drive revenue and growth.    We help our clients sort through these critical decisions and provide solutions that will free up an owner's time, help the business organize efficient processes, track expenses and profitability while staying in compliance with the numerous tax laws and changes to the tax laws.    Our support and services are scalable.  As your business grows, the support and services you require can grow as well.  Choosing the Right Business Structure Do you know the difference between a Sole Proprietorship, Partnership, S Corporation, or C Corporation?  Do you know that when you choose an LLC, that you will have to notify the IRS of how you want the business to be treated for tax purposes.  Do you know that if you don't, your LLC will default to an entity that is taxed as a Sole Proprietorship or Partnership?  Give us a call and we can help you select the most appropriate business structure for your business. Business Plans Would you rather be spending your time building and running your business rather than writing a business plan to secure funding?  For less than a couple of hundred dollars you can get a pre-drafted plan that is both business and state specific.  Business plans include, competitive market trends data, target market data, hyperlinks to business and regulatory resources and baseline business expense data and user friendly financials.  if you need to have a business plan further customized we can work with you on that as well.  Click on my business plan for more information. Payroll Tax Guide Summary Do you know the consequences of not making deposits and chronically ignoring letters from various revenue agencies?  Did you know that failure to make payroll tax deposits or file reports on time will result in severe penalties that can cost you as much or more than 50% of what you owe in payroll taxes?  Check out our Payroll Tax Guide Summary and see what taxes you are responsible for as an employer and the give us a call to see how our payroll services can assist you.   Other Services That Will Help You Grow and Manage Your Business Bookkeeping & Accounting Services - Get organized, stay organized and most importantly know your profitability each month, with proper bookkeeping records and accurate financial statements.  HR Support Services - Even the small guy has to worry about lawsuits from employees and be in compliance -  even if you have only 1 employee.  Check out our latest episode of the monthly recorded webcast covering the most current HR issues.   Background Checks - Thinking of hiring a new employee?  Know who you hire before you have to fire them!  Background checks are a must before hiring new employees, screening new tenants or live-in help, organization that need volunteers that will be working with elderly and children, etc.  Time & Attendance - Want to track employees time, billable hours for your clients, track attendance at a day care.  Our Time & Attendance system has the flexibility to do all of these tasks and more.