New businesses

New businesses

Gene: “When I‘m managing your account, you don’t even have to worry about that stuff. We solve all of those problems. The problems go away. For people that come straight to us initially and start using our services and start their business, they don’t understand what the difficulty is because it’s so simple, but the ones that try to do it on their own for a couple or three years, starting out trying to save money, are so far in the hole that the IRS and the Department of Revenue are getting the fees in penalties and interest. I’d rather see you come to me and let me take care of it right than you do it on your own, get in trouble, paying penalties, you’re paying interest and that shouldn’t be.”
Shelley: “We work with a wide range of clients, anywhere from gas stations and car dealerships. We have medical offices, legal offices, restaurants. We’ve done film industry work. A lot of small business startups with the construction industry. We try to help a client, depending on what their nature and what they need help with, we handle their financial statements, review their payroll taxes, their sales taxes, and file those for them.”
Gene: “The process is you come in and sit down for an interview, and we discuss what type of business it is and how you want to conduct it, and what you’re going to do about employees, and whether you’re going to need outside help, what other services you need, and we can sit and tell you where to go next, what to do next, and how to do it next. Many people set up a corporation right off the bat, and it’s the worst thing they ever do because it’s not necessary, and they’re not in a situation where a corporation assists them, and if they don’t need the corporation, it’s better off not to be a corporation.
It’s better to be a LLC or something of that nature when you first get started, then as your business becomes more successful, you can transition into different taxation levels and I’ll explain the options to you. I’ll explain to you what’s probably best for you, based on what circumstances we’re discussing.
For example, if you come into my office, you’re starting up a business in September, you’re not going to make a lot of money in the first three months of your business, most likely, so we want to keep the taxation as simple as possible for that period of time, whatever that period of time is.
If you can pretty much expect to have a lot of revenue and lot of income real quick, we can also adapt to that opportunity and we’re backing you up, preparing you in case it doesn’t come quite as fast as you expect it to and you want to be best prepared to handle whatever it does, and we can handle it. If the business starts pouring in, we jump right in, change things, tweak things, and do whatever we need to do, and you’re up to date.”