Accounting for Start-Ups

Hillsborough accounting service for startupsStarting a new business is a massive challenge with dozens of tasks going on at once and, in most cases, only you to do them. From planning your operations to establishing your inventory or services, your Fuquay Varina business is taking up much of your time and energy. 

Most start up business owners and entrepreneurs say that accounting and bookkeeping are the biggest challenges to running a new business. Balancing financial statements, maintaining records for taxes, and setting up payroll are challenging for new business owners, especially those without an accounting background.

Fortunately, you can turn to an experienced accountant to handle the stress of your company’s bookkeeping, freeing up your time and energy to focus on building your business. C.E. Thorn, CPA, PLLC, we offer Hillsborough start-ups and small businesses a wide variety of accounting services to help you maximize your profits, lower your tax burden, and determine where and how you can save money. 

Benefits of Hiring an Experienced Hillsborough Small Business Accountant

Maintaining your financial matters can take much of your time and be a source of stress, but, more importantly, if you make mistakes in your records and reporting, it can cost you thousands of dollars a year. 

Benefits to hiring an experienced CPA for your startup includes:

  • Accurate tax preparation: Know that when you pay your taxes, you’re not overpaying, missing out on deductions, or making errors that could cost you a lot of money. 
  • Receiving expert advice: Our small business accountants can analyze your financial statements and help you manage our cash flow, create a strategy for growth, and help you mitigate risk.
  • Establish a business classification: One of the first decisions you have to make as a small business owner is selecting what type of business you want to classify yourself as. While some small businesses in Hillsborough choose a sole proprietorship or an LLC, others realize establishing a corporation is the best option. We’ll discuss the pros and cons of each and help you make the right decision. 
  • Balancing business and personal finance: If you have a startup or sole proprietorship, you may have your business and personal finances closely linked. We’ll help you untangle your business and personal accounts and help you keep them separate so you can keep your taxes accurate. 
  • Reduce costs: Starting out with accounting help can save you time and money of having to clean up months (or years) of inconsistent record keeping and accounting mistakes. When you start off on the right foot, you can save money over the long term. 

Accounting Services for Hillsborough Startups

We offer a wide variety of small business accounting services to help new startup owners establish organized records and accurate financial management. These services include: 

  • Expense tracking
  • Financial planning
  • Payroll services
  • Income statements
  • Sales tax reporting
  • Tax preparation

Contact Us for Accounting and Bookkeeping Support in Hillsborough

A business that keeps accurate, thorough records and financial matters has a greater chance of success. Let us help you grow your business and maximize your profits with our small business accounting services. Reach out to us today at (919) 420-0092 or complete our online contact form.

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