What you MUST Know To Take The RISK Out of Your Business...
Before It Costs You and Arm and a Leg!
You’ve made the Big Plunge! You have either decided to start your own business, or you are currently managing your own business. Both are Big Audacious Goals that require a humongous amount of “Responsibility!”
When you start your own business, one of the big decision factors that you grapple with is deciding whether the ownership structure will be set up as a Sole Proprietorship, Partnership, or Corporation.
As with everything in life and in business – there are positives and negatives for each business structure.
Discovering which is best suited for your business can be as taxing, as it is managing the business itself. Just the mere challenge of trying to learn which structure will provide the greatest liability protection you want and need, as well as the tax and financial benefits, can easily throw you over the tipping edge of wanting to toss in the towel and give up all together.
That is exactly where Fast Refunds can not only help, but can work with you to ease the stress, eliminate the pain, and simply and constructively work thru this critical decision point. We have countless years of experience with the resources and preparation it takes to...
Eradicate possible risks and liabilities of your business
Cut through all the red tape and hidden expenses involved
Administer your income tax formation
You are not required to file any paperwork to create a “typical business partnership.” Just the Agreement between both partners, will get the ball rolling. However, partnerships are required to meet the some local registration requirements – as any new business does.
Fast Refunds will be there for you, and with you, to determine your tax obligations. Understanding your tax requirements will help you avoid taxing issues and also help you save time, money, and headaches down the road. The most common types of tax requirements for small businesses are: Income Taxes and Employment Taxes.
Most cities and counties require businesses to “register” with them, and pay at least a minimum tax. You may also be required to obtain an Employer Identification Number (EIN), a seller’s license (if applicable), and a zoning permit from your local planning board, if you have a store-front business.
Do You Really Need an (EIN?)
The reason for an (EIN) is to identify you, your business accounts, tax returns, and any documents pertaining to your business even if you have no employees. It is your Federal Tax ID Number for your business. You will use it for:
Opening a Business Bank Account
Forming a new Partnership, LLC, or Corporation
Applying for Business Licenses
Filing a Tax Return
We will diligently create a system to get your business organized. Fast Refunds has all the tools and forms you need to track Income/Expenses and mileage, and organize receipts, so they don’t pile up. We sharpen our pencils and precisely streamline all your checks and balances, to turn your bookkeeping drudgery into a common cents “bookkeeping system,” for organized and accurate record keeping.
Isn’t it time you quit counting on your fingers and toes? Are you still using an abacus to calculate your profits and losses? Now is the time to pick up that phone and call Fast Refunds. We will turn your Red into Black, clean out your shoe boxes, and save you boat-loads of time and money all while letting you sleep easily through the night. You can wake up rest and ready to grow your business, instead of crunching numbers.
Let the professionals at Fast Refunds keep your books in tip-top shape, and keep Uncle Sam off your back.