Starting a Business

Know the Simple Steps for Starting Your Business Right.

Owning your own business is right up there with apple pie and baseball as an American pastime. In order to assure that your business succeeds beyond the initial desire and thrill of fulfilling a dream, you must take the time to develop a comprehensive plan and gain the advantage of having all pertinent information in place before you begin your venture.

We can help you avoid becoming another failed business statistic.

With our help, you will identify and avoid the common mistakes many new business owners make. We will help you build a business plan for success, as well as provide financial management services to meet your needs.

Steps to starting your business right…

9

Prepare a business plan and determine your initial capital needs.

9

Identify your current resources, as well as sources of start-up capital and your borrowing capacity.

9

Review potential business structures in terms of tax advantages and portability in case you need to relocate.

9

Plan for financial management of your business by selecting accounting software that fits your projected budget and gaining the hardware necessary to run it.

9

Understand the key components of a Cash Flow Projection and develop one to cover each month of your business for the first year, at least.

9

Learn about the best billing and collection procedures to maximize your cash flow.

9

Research and gain an understanding of employment laws so that you are prepared to comply from the start.

9

Consider a home office for maximizing tax deductions.

9

Prepare and file for all local and state licenses and permits.

9

Gain a Federal Employer Identification Number and set up payroll services and payroll tax filing systems with your first employee.

9

Identify any business insurance needs.

9

Develop a Partnership Agreement. By putting the terms of all business partnerships into writing, you will save a lot of future pain and headache, as well as the potential detriment of your business.

Don’t let this list overwhelm your desire to start a business. Our services were created with small business owners like you in mind.

    Call us today to start your business the right way!

    Let Us Help:

    3 Debt Elimination Steps for Your The Woodlands Small Business

    Lots going on this week. Namely…The tax filing deadline is Monday, April 15th. For any of our Montgomery County business clients who haven’t yet reached out to us, we can still take you on by filing an extension on your behalf and then managing the filing after. But,...
    Read More

    A New Retirement Plan for The Woodlands Small Business Owners

    Well, the U.S. government has decided it can go on spending money – 1.2 trillion dollars to be exact. That means the departments of State, Defense, Labor, Health and Human Services, and Homeland Security are funded, through next September anyway. So the shutdown...
    Read More

    Manage Remote Workers Through I-9 Requirements: A How-To for The Woodlands Businesses

    Double-checking is a motto we live by here at Aurelia E Weems, CPA. It’s just good sense when you’re dealing with complicated tax code and people’s returns. No one situation is quite the same with our clients. And you can be sure we’re giving your tax filing a...
    Read More

    Why Retain The Woodlands Business Advisors Year-Round

    Well, since we’re in full deja vu mode right now with the presidential election bid and this year’s Super Bowl outcome… let’s talk about the Employee Retention Credit… again.Because this week is the deadline for withdrawing ineligible claims — March 22. That’s...
    Read More

    Zero-Based Budgeting in Your The Woodlands Small Business

    No business management technique is sacred anymore. And rightly so.In my world, there’s been a trend in recent years with businesses moving away from traditional, fixed budgets towards more flexible approaches. I think that could be said for most tasks within business...
    Read More

    Making Your The Woodlands Business and Tech Work Together

    When I see relevant stats that my Montgomery County business owner friends should know about, I’m going to share them with you. (You already know I’m a numbers person, after all.)But first, a quick note about the business filing deadline.Namely, that it’s a week and a...
    Read More

    The Nuances of Sales Tax Holidays For The Woodlands Business Owners

    Firstly — a quick reminder for those of you working under a corporate status: we gotta file those returns for you by March 15th — so help us help you. Send us anything we've been asking for ... today? :)Second — there are less than 30 days before the ERC withdrawal...
    Read More

    A Failed Business Strategy Tale for The Woodlands Owners

    We’re less than a month away from March Madness. The NCAA recently released the tournament schedule with locations, if you’re wanting to see your favorite team play in person. Or you just want to mark it on your home calendar so your family knows you’ll be...
    Read More

    The Woodlands Business Owners, A Big Gmail Update Is on the Way

    For a long time, the NFL was hands-off when it came to Las Vegas. They were unwilling to get anywhere close because of the long-time commissioner’s caution about the connections some big NFL names had with well-known mob connections. Commissioner Pete...
    Read More

    Aurelia E Weems, CPA’s Guide to 2024 New Small Business Trends & Regulations

    This weekend we got a chance to see what’s trending in the world of music via the 66th Annual Grammy Awards. But something that wasn’t talked about on stage was the struggles of the music industry right now. A lot of artists are facing difficulties with promoting...
    Read More

    Ready to come in for an appointment?

    Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!

    Contact Us