Start A Business Smoothly

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…

9

Prepare a business plan and determine your initial capital needs.

9

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

9

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

9

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

9

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.

9

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

9

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

9

Consider a home office for maximizing tax deductions.

9

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

9

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

9

Identify any business insurance needs.

9

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:

    What Are The Best Year-End Tax Moves New Castle County Taxpayers Can Make Last Minute?

     Key TakeawaysYou can still make charitable gifts that count for this tax year, including donor-advised funds and stock donations. Depending on your income level, it may make sense to itemize deductions and repay a fourth-quarter state estimated tax payment...
    Read More

    What Does the IRS Math Act Mean For New Castle County Taxpayers?

     Key TakeawaysIRS notices must now provide a clear, specific explanation of the exact error. Not generic language or guesswork. The IRS must prominently tell you about your 60-day right to request abatement, including the exact deadline date. Line...
    Read More

    What’s the New Castle County Gig Worker Solution to a Surprise Tax Bill?

     Key TakeawaysEstimate your full 2025 tax liability now (including income tax and Self-Employment Tax) to avoid underpayment penalties before the January estimated tax deadline. Maximize year-end deductions such as mileage, home office, equipment purchases,...
    Read More

    IRA v Roth IRA v 401(k): Should New Castle County Taxpayers Convert Before 2026?

     Key TakeawaysTraditional IRA gives you a tax break today and taxable withdrawals later.  Roth IRA means tax-free growth and withdrawals later.  401(k) has larger limits with employer-based tax benefits. A Roth conversion adds income to...
    Read More

    What Are The Best Safe Online Shopping Tips For New Castle County Holiday Shoppers?

    Key Takeaways Watch for IRS impersonation scams.  Use a password manager. Strong, unique passwords for every account are non-negotiable. Keep your devices updated. Software updates often patch newly discovered security flaws. Use antivirus...
    Read More

    A Moment to Give Thanks for My New Castle County Clients

    As we’re entering Thanksgiving week, I’ve been thinking about how “interesting” this year has been. And I mean that in the polite way we describe things that are not exactly a joyride.The national noise was intense.- Inflation nearly made eggs feel like a...
    Read More

    How Do New Castle County Investors Avoid Capital Gains Taxes From Selling Investments Or Property?

      Key Takeaways Hold for at least one year and a day to qualify for lower long-term capital gains rates. Use losses to offset gains through tax-loss harvesting (but beware the wash sale rule). Time your sale during a lower-income year to take advantage of the 0%...
    Read More

    What is in the One Big Beautiful Bill? Child Tax Credit Changes for New Castle County Families

     Key TakeawaysThe Child Tax Credit (CTC) is now worth up to $2,200 per child for 2025 taxes (filed in 2026). Up to $1,700 of the credit is refundable if you don’t owe any taxes. Because of the OBBBA, you (or at least one spouse if filing jointly)...
    Read More

    Can an ABLE Account Help New Castle County Families with Qualified Disability Expenses?

     Key TakeawaysABLE accounts let you save and invest tax-free for disability-related expenses. Up to $100,000 in an ABLE account is excluded from Supplemental Security Income (SSI) resource limits, and Medicaid eligibility continues beyond...
    Read More

    What’s Alternative Minimum Tax? A 2026 Update for New Castle County High Earners

     Key TakeawaysThe OBBBA changes the AMT landscape starting in 2026, meaning more taxpayers will be pulled into AMT territory. High earners in high-tax states (and those with ISOs or private activity bonds) are the most at risk of an unexpected AMT...
    Read More

    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!