“If you fail to plan, you are planning to fail!”
― Benjamin Franklin
Most people remember Benjamin Franklin as a wise man, and the hundreds of quotes he is known for are often repeated. If you have chosen 2020 as the beginning of your new business venture, it is likely you are not planning to fail, but if you fail to plan, that is exactly what could happen. This is one of the most profound reasons to consult with an accountant for business startup assistance.
Business startup assistance involves getting on track with bookkeeping and accounting practices that will enable you to make sound business decisions. It also entails getting systems in place for small business payroll, determining the best business formation (sole-proprietor, partnership, C-Corp, S-Corp, LLC, etc.), and making sure the steps you are taking are in accordance with a sound business plan. You’ll also have the benefit of timely reminders regarding reporting and paying of taxes and other deadlines that can be costly if you miss them.
If you have started or will start a new business this year and would like to take advantage of the business startup assistance we offer here at Proctor & Assocs., don’t hesitate to reach out to us. We will be happy to meet with you to discuss our accounting & bookkeeping services, payroll solutions, tax services, and other aspects of business startup assistance that will get you on a planned course of action that is inline with your mission statement and profitability projections. A new business starts with a question, which leads to an idea, which can become the rocket to success when you keep hitting the targets!