Small Business Startups
SMALL BUSINESS STARTUPS
Thinking of starting out on your own as a consultant or a bricks and mortar business? There are a lot of moving parts and things to consider. Aside from honing your concepts and planning your finances – you’ll need to get a solid plan in motion. Step one: Partner with Colasanti & Iurato
for some sage advice.
After the adrenaline rush of saying “I Quit!” to the boss wears off don’t let fear and panic set in. Let Colasanti & Iurato help you put together a methodical plan to ensure that your small business will stand on its own. Since success lies in the approach you take – allow our experience to help you avoid the common pitfalls that many new small business owners make when starting their exciting new venture.
Colasanti & Iurato will outline the basics from explaining when to file monthly and quarterly tax payments and sales tax, how often to reconcile bank statements to how to maintain a general ledger and utilize QuickBooks Pro to help manage daily business record keeping. Establishing proper record keeping habits from day one not only keep you organized, they will help us fully understand your business and utilize all the available tax credits and deductions you’re owed.
QUICK CONTACT FORM
Learn how Colasanti & Iurato can help you exceed your business goals. Fill out the form below or call our White Plains Office:
914.923.5400
COLASANTI & IURATO CAN HELP YOU…
- Prepare an initial business plan to clarify your marketing, management, and financial plans.
- Determine start-up capital needs and offer available sources where possible.
- Evaluate and quantify your borrowing power so you may gain a sense of available funds.
- Select a business structure; LLC, Sole Proprietorship, C Corp, S Corp — we’ll help you determine what best fits your needs by evaluating all tax advantages, your legal exposure and explain the differences and their ease of operation.
- Select the right accounting software by evaluating your budget, needs and its needed hardware.
- Prepare a Cash Flow Budget – gain a sense of the amount you may need on a monthly basis in order to keep the business going until things grow and/or change.
- Unplanned cash requirements are always emotionally taxing. Let us help you establish billing and collection procedures in order to maximize your cash flow.
- Establish cost control monitoring procedures.
- The Home Office Set-up — its not just a lot of new IKEA furniture. Our setup advice can help maximize your tax deductions.
- Prepare and file all required state and local licenses and permits.
- Prepare and file your application for your Federal Employer Identification Number.
- Provide payroll and payroll tax filing when you bring on your first employee.
- Employment Law Compliance: Understand your local state laws so you don’t get hit with fines and/or disgruntled employees.
- Cover yourself by identifying your basic or expanded business insurance needs.
- Working with Partner(s)? A solid Partnership Agreement is extremely important for all new partnerships and will help prevent a tremendous amount of financial and emotional issues down the road.