When starting a new business, there are many financial and tax considerations to be made. Creating a well-organized financial system at the beginning is crucial to managing your finances throughout the life of your business.
Our firm can guide you through the process of setting up your business’ financial life. Whether you are a one-person entrepreneur, have business partners, or are planning for a large-scale enterprise, getting advice on entity selection, financial planning and tax planning will help you maximize your assets.
From basic accounting services, to tax planning or consulting, we help new business owners in and around Portland, Maine, and we can help you reach your business goals and achieve financial security.
Choosing the form of business entity is a crucial decision that can have longstanding tax implications, positive or negative. We can assist you in evaluating the pros and cons of each entity type, including “S” corporation, sole proprietor, or limited liability company.
Planning for the taxes of both the business entity itself alongside the business owner, we can advise you on the most advantageous form of business for your company.
Forecasting can be an essential component for managing the growth of a new business. But forecasting can be especially challenging for startups. Our experienced team can help you look at all the factors and determine how to best reach your business’ financial goals.
We succeed when our clients succeed, and nothing thrills us more than helping a startup become a successful small business. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your small business.
Depending on what type of legal structure you’ve selected for your business, there are important tax aspects to consider. How and when you will file your taxes, as well what specific forms you need are crucial parts tax compliance.
Planning for tax payments and minimizing tax liabilities makes your life as a new business owner much easier. Our team can guide you through these decisions.
We have years of experience assisting new businesses file accurate and timely tax returns. Our computerized tax preparation and research software enables us to efficiently prepare returns for various types of entities including sole proprietors, LLCs, partnerships, S Corporations as well as traditional C Corporations.
Starting and growing a new business is hard. Without a solid business plan, a new business can falter. We can assist you with writing a plan that will reflect your financial goals and help them come to fruition.
Taking into account your business goals, your tax liabilities and your overall financial picture, we can assist you in getting your new business startup off the ground, or to help you keep growing your small business.
If you are looking for financing to help your startup, we can help you assess the options. If your small business is applying for a loan, our experienced team can help you write the loan proposals.
