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New Business

To assist small businesses with the start-up and development phases, we assist you with the formation of your business and ensure that you secure the proper licenses and registrations to get started.
To simplify the business formation and incorporation process for new and developing businesses throughout the Northern New Jersey area, our CPA firm provides the following services:

* Entity selection and formation
* Loan assistance and support
* Bookkeeping
* Cash flow projections
* New business consulting


Our goal is to simplify the start-up and development phases so you can focus more of your attention on growing your business.
We provide a FREE consultation to select the right structure for YOUR company. Significant tax savings can be achieved based on the nature of your business and the structure of your company. Our goal is to help you select the right structure and then realize the tax savings each year going forward.

Our clients typically save taxes each year by using this two-step strategy:

1. Choosing and maintaining the right type of structure (s-corporation, c-corporation, partnership or Northern New Jersey LLC) for your business.
2. Implementing our ongoing quarterly tax planning services to secure the best possible tax position for the available benefits.

Many existing business owners throughout the Northern New Jersey area come to us with previously formed corporations or Limited Liability Companies (LLC), but are not taking advantage of the “built in” tax benefits. Effective tax planning and coordination, often puts money into your pocket.

Also We help you...

1. Prepare an initial business plan to clarify your marketing, management, and financial plans.
2. Determine your start-up capital needs.
3. Identify sources of start-up capital and backup sources if needed.
4. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
5. 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.
6. Select the right accounting software by evaluating your budget, needs and hardware.
7. 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.
8. Establish billing and collection procedures to maximize your cash flow.
9. Establish procedures to monitor and control costs.
10. Setup a home office so you can maximize your tax deductions.
11. Prepare and file all required state and local licenses and permits.
12. Prepare and file your application for your Federal Employer Identification Number.
13. Provide payroll and payroll tax filing when you bring on your first employee.
14. Comply with employment laws so you don't get hit with fines and unhappy employees.
15. Identify your business insurance needs and 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 us help you succeed by getting your new business off to a good strong start.

 

 

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