Do you feel confident that you have your small business accounting processes under control or did reading those words cause all sorts of stress for you?
As your business idea starts to grow and take shape, there are many financial consideration and deadlines to consider.
The Internal Revenue Service (IRS) is constantly changing requirements, minimums, and specifications for different tax considerations. Key dates for small businesses are listed on the IRS website, add them to your calendar at the beginning of the year so you don't forget them!
Depending on your comfort level with accounting activities, you may want to use online software such as Wave or hire a local accountant so you can meet with them in person on a monthly or quarterly basis.
As your business grows, you may want to change your business type (from a sole proprietor to an LLC for example) or change the physical location of your business. Any expansion changes can have major tax consequences so the sooner you talk with a tax professional you trust the better.
Reach out to us so we can support your business processes and navigating the appropriate resources for your business's success.