Greetings!
Dear Client/Friend of ECL Consulting,
Have you started a new business recently, or are you considering starting one? Read our articles below for helpful tax and organzing tips to get you started right.
ECL Consulting, LLC's Business Coaches work with business owners and managers in the areas of business management, administration and strategic planning to maximize the potential of the business and help owners realize their dreams. By coaching you through every vital part of your business, we help create the plan, inspired action and measurable results to achieve your vision. |
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Top Seven Tips for Taxpayers Starting a New Business
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Anyone starting a new business this summer should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year.
1. First, you must decide what type of business entity you are going to establish. The type your business takes will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation.
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Getting Organized
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As a small business owner you wear many hats. With all the rewards and responsibilities of ownership, it's no wonder that paperwork often falls to the bottom of your list, along with organizing your office, work flow and schedule.
If you want to eliminate misplaced paper files, know exactly where you put that document on your computer, have a clutter-free pathto your desk, and remember important deadlines and appointments every time, contact us to put ECL's Organizing Solutions to work for you!
Better yet - call us BEFORE you get stuck to free up your time & start saving money! |
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Ask An Expert |
Q: Will the IRS consider my new business a business or a hobby?
Ever have a tax, QuickBooks or accounting question, but didn't know who to ask? Now you can Ask An Expert. Send us your question and we'll answer it here. |