You have decided to start a new business. You know that there is more than just developing a product and hoping it sells, but where do you begin? As an entrepreneur you are looking at the big picture with an unobstructed vision. What you may be clear on is things like sales tax, payroll taxes or accounting systems for managing cash flow- that’s where Patriots Tax & Accounting in Fredericksburg, VA can help you out.
Build a Foundation for a Successful Business
The keys to a successful – and profitable business are meticulous planning and following through with every detail from start to finish. We will get your new business off the ground and running by:
- Determining which business entity best meets your goals and minimizes tax liability
- Creating partnership agreements
- Preparing a cash flow budget
- Designing a business plan to help you secure financing (if needed)
- Setting up an accounting system using software that works for you
- Create= billing systems and implement policies and procedures for collections
- Make sure you are compliant with state, local, and federal tax laws such as sales and use tax, payroll tax, and Federal EIN (Employer Identification Number)
- Prepare annual tax returns and quarterly estimated taxes as needed
- Assist you in filing paperwork for state and local licenses and permits as required
- Assess your business insurance needs