Starting a Business

Know the Simple Steps for Starting Your Business Right.

Owning your own business is right up there with apple pie and baseball as an American pastime. In order to assure that your business succeeds beyond the initial desire and thrill of fulfilling a dream, you must take the time to develop a comprehensive plan and gain the advantage of having all pertinent information in place before you begin your venture.

We can help you avoid becoming another failed business statistic.

With our help, you will identify and avoid the common mistakes many new business owners make. We will help you build a business plan for success, as well as provide financial management services to meet your needs.

Steps to starting your business right…

Prepare a business plan and determine your initial capital needs.

Identify your current resources, as well as sources of start-up capital and your borrowing capacity.

Review potential business structures in terms of tax advantages and portability in case you need to relocate.

Plan for financial management of your business by selecting accounting software that fits your projected budget and gaining the hardware necessary to run it.

Understand the key components of a Cash Flow Projection and develop one to cover each month of your business for the first year, at least.

Learn about the best billing and collection procedures to maximize your cash flow.

Research and gain an understanding of employment laws so that you are prepared to comply from the start.

Consider a home office for maximizing tax deductions.

Prepare and file for all local and state licenses and permits.

Gain a Federal Employer Identification Number and set up payroll services and payroll tax filing systems with your first employee.

Identify any business insurance needs.

Develop a Partnership Agreement. By putting the terms of all business partnerships into writing, you will save a lot of future pain and headache, as well as the potential detriment of your business.

Don’t let this list overwhelm your desire to start a business. Our services were created with small business owners like you in mind.

Call us today to start your business the right way!

Let Us Help:

How To Close A Business, Legally: Steps for Gulf Coast Business Owners

I don’t think Kenny Rogers was thinking about business ownership when he sang that song, but it could be a mantra for Gulf Coast business owners. (And if you’re not a Kenny Rogers fan, here’s a trip down someone else’s lane. Boy, 1978 was another era altogether,...

Considering the Bookkeeping Accounting Difference In Your Gulf Coast Business

Adieu, Summer Olympics 2024. Paris 2024 didn’t disappoint. Were you like most of the world in watching? It seems like Americans were glued to all 13 days of nonstop competition both on live TV and through the ever-entertaining athlete social media...

Better Sales Strategies to Reach Your Gulf Coast Customers

One of the best things about this summer has been watching the Paris Olympics. When an American athlete pulls out a win, it feels like a win for all of us. Case in point: Noah Lyles taking the gold in the men’s 100m dash. That’s an event where Americans haven’t...

Estate Planning: A Starting Place For Gulf Coast Business Owners

Let’s leave aside culture wars controversies about the opening ceremony – the Olympics still bring the magic. And in the dog days of summer, with so much chaos brewing in so many political and cultural corners … well, it is, in fact, a nice way to leave aside...

How to Improve Customer Service in Your Gulf Coast Business

There’s something that’s happened for the third year in a row… According to the most recent report, Americans feel that customer service is worse this year than last year … and the year before … and the year before that, apparently.Even with pandemic...

Business Intelligence You Should Collect for Your Gulf Coast Organization

While I generally stick to financial matters with my Gulf Coast clients, there are times that it serves well to speak into other aspects of their businesses as well. For example, though inflation seems to be cooling down and the Fed is hopeful for interest...

Quickbooks Alternatives for Gulf Coast Businesses Post QB Price Raise

Remember that noncompete ban I told you about a while back? The ban that was originally supposed to take effect on September 4 has been temporarily paused. You already know the implications of this ban for your business: vulnerability to head-hunting, higher...

Overtime Pay Changes Seriously Affecting Your Business

The barcode is so commonplace you kind of forget that it was the cutting edge of retail technology once upon a time. Now, you probably only think about it when you scan it at the register (BEEP). But this year is, in fact, its 50th anniversary.But, as commonplace...

Accelerated Accounting’s Self-Employment Health Insurance Guide

The heat is turning up everywhere right now, literally and metaphorically.Word on the streets from my Gulf Coast tax pro friends is that the IRS is leveling up their ERC claim investigations right now. If you filed a claim correctly, meaning you met all the...

Mid-Year Business Goals Check-in For Gulf Coast Owners

The longest day of the year is this week. With the sun setting so late, it almost feels like getting to live another day when work’s done. But, as exciting as the summer solstice is, it should feel a bit like a slap in the face — we’re halfway through the year...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!