New Business Formation Services
Certified Public Accountants in Braintree, MA
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.
Simon can help you:
- Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
- Setup a home office so you can maximize your tax deductions.
- Prepare and file your application for your Federal Employer Identification Number.
- Provide payroll and payroll tax filing when you bring on your first employee.
- Prepare and file all required state and local licenses and permits.
- Comply with employment laws so you don't get hit with fines and unhappy employees.
- Prepare an initial business plan to clarify your marketing, management, and financial plans.
- 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.
- Identify your business insurance needs.
- Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.
Let SA&T, help you succeed by getting your new business off to a good strong start.
Services by Simon Accounting & Tax:
New Business Formation