New businesses often have many questions when it comes to their accounting needs. Here are some of the top questions new businesses ask accountants:
- What is the best way to structure my business for tax purposes?
- What are my tax obligations and how do I comply with them?
- How do I set up my bookkeeping system and what software should I use?
- How do I manage cash flow and projections?
- What expenses can I deduct on my taxes?
- When do I need to start paying employees and how do I set up payroll?
- What type of financial reports should I be generating and how often?
- How do I raise capital for my business?
- What type of insurance should I have for my business?
- How can I minimize my tax liability and maximize my deductions?