Miami Business & Tax consultants

New Business Formation

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It’s everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It’s up to you to maintain and stretch out the “thrill and excitement” period forever.

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you

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Prepare an initial business plan to clarify your marketing, management, and financial plans.
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Determine your start-up capital needs.
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Identify sources of start-up capital and backup sources if needed.
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Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
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Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
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Select the right accounting software by evaluating your budget, needs and hardware.
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Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
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Establish billing and collection procedures to maximize your cash flow.
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Establish procedures to monitor and control costs.
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Setup a home office so you can maximize your tax deductions.
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Prepare and file all required state and local licenses and permits.
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Prepare and file your application for your Federal Employer Identification Number.
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Provide payroll and payroll tax filing when you bring on your first employee.
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Comply with employment laws so you don't get hit with fines and unhappy employees.
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Identify your business insurance needs.
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Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.

Latest news from the business world


Federal Per Diem Rates Updated for FY 2022

Per diem rates have been updated for FY 2022 and are effective October 1, 2021. These allowances substantiate the amount of ordinary and necessary business expenses paid or incurred while traveling away from home and include lodging, meal, and incidental expenses, as well as meal and incidental expenses only.

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Defer Capital Gains Using Like-Kind Exchanges

If you’re a savvy investor, you probably know that you must generally report as income any mutual fund distributions, whether you reinvest them or exchange shares in one fund for shares of another. In other words, you must report and pay any capital gains tax owed.

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Marginal Tax Rate

The United States has a progressive tax system. The more money you earn, the higher your tax rate is and the more taxes you pay to the IRS.

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