Here's a brief description of the services I can provide:
Choice of Entity(ies)
I provide all new clients with a free consultation to get to know them and the type of business they have. We discuss profit objectives, past experience and the chance of success in the new business, and the inherent legal risks involved in the business. Then we'll decide on the best entity.
Entity Formations
Once the choice of entity is made, somebody has to fill out the correct paperwork to form the entity in your state. If you do this yourself it can seem confusing, since you'll be asked a series of questions that can be difficult to answer. This service is also highly dependent upon which state you live in, since some states only allow an attorney to form new entities. I can work with your own attorney, refer you to attorneys I highly recommend, and in some states I can complete the paperwork for you and file it with the appropriate dept (usually the Secretary of State in the state you live in).
How to Use the New Entity(ies)
Once the entity is formed, the trick is how to use it to get the best tax results. I will make sure you understand how to flow the money through your new entity's bank account into your own bank account, and pay the least amount of taxes along the way.
Tax Return Preparation
Whether we've formed a Partnership, Corporation, LLC, or decided to stay as a Sole-Proprietorship, I can prepare all the required Federal and State income tax returns you need.
Accounting/Bookkeeping Services
I can show you how to keep your own records using QuickBooks, or can give you a referral for a good bookkeeper. Your choice!
Tax Planning
Unfortunately, all the good tax-saving ideas expire on December 31. Therefore I meet with most of my clients in November or December to estimate their pending tax bill, and more importantly, brainstorm about various ways to reduce it before next April 15.