Game Plan for Small Businesses.

We ran upon this ‘Game Plan for Success for 2011‘ that was put out by the IRS and thought we would share.  Great resource for small businesses self-employed to keep you on track.  There are some great tips, a calendar to tell you when to file taxes, and explains what all the different tax forms are for and what to do with them.  If you need any help plugging through any of this, just give us a shout!

Tax Advice for Newlyweds.

We are in the midst of the wedding season here in the beautiful Charlottesville area, consisting of the Blue Ridge Mountains, Skyline Drive, University of Virginia, Monticello, and countless wineries and vineyards. It can be understandably easy to become immersed in the finite details of wedding planning: choosing the perfect location, which photographer to hire, which event planner, catering company, florist, who will be the bridesmaids and groomsmen, where will we honeymoon, how will we satisfy both sets of inlaws drama-free, etc.? Would you know that you need to prepare for the tax implications as well? Here is a quick video (we know, it’s a bit cheesy, but that is what makes it easier to remember): {Newlywed Tax Video}

As always, Current Accounting is more than happy to assist you with your pre-and-post wedding tax preparations.

The Travelin’ Accountant

Here at Current Accounting, we like to make accounting tasks effortless and provide the utmost convenience for our clients.  In addition to helping you with virtually all of your accounting responsibilities…we also bring the meeting to you!  Its just easier for you.  No hassle, don’t have to worry about finding a parking place or allowing enough time to make an appointment.. Just call us the ‘Travelin’ Accountant’.

Our fundamental belief is that no one should be ‘afraid’ of accounting.  We want to help you understand budgets, taxes, invoices, spreadsheets, and all the other things accountants do to help your business run smoothly.  We want our clients to not just be able to log in their account and see their status, but also understand what they are seeing.  With the ever-growing technology world, we now have the ability to grant you access to your account from any web-accessible device – be it a smartphone, laptop, tablet computer, or desktop computer!  As great of a virtue as ‘patience’ may be, isn’t it nice to be able to find faster, more time-efficient ways to handle your accounting duties? (hint: the answer is a universal ‘yes!’)

Furthermore, we don’t to create an ‘assembly line’ type of feel…we want you to feel like we are your most highly-valued employee who’s simply working from home (adding in the savings on payroll taxes, benefits, etc. that you will not have to pay). We love meeting with our clients and prospects as well and building long-term relationships.  We want to shake your hand, see you smile, and take care of business.  We pick up invoices, drop off checks, meet to go over budgets and taxes, and any other excuse we can think of just to say hello. 🙂

So just call the ‘Travelin’ Accountant’ to help with your business’ accounting needs.  We meet day or night, weekday, and weekend…does not matter to us.  In the end, we just want to help you enjoy coming to work each day and not having to worry about anything accounting-related! We believe you’ll wind up scratching your head, wondering to yourself, “Man…why didn’t we call these guys sooner!?!?”

 

Starting Your Own Business.

Have you ever thought about starting and owning your own business?  There are a lot of great resources out there to help you think through all of the ‘nitty gritty’ details.  We have referenced the Small Business Administration as they are a great resource and outline all of the important steps of starting, running and growing your own business…below are some steps they recommend for starting your own business.  For the accounting component, remember Current Accounting can help you with anything from budgeting, to taxes to maintaining your books and anything else in between.

Step 1: Templates for Writing a Business Plan

Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully.

Step 2: Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location
Get advice on how to select a customer-friendly location and comply with zoning laws.

Step 4: Finance Your Business
Find government backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.

Step 6: Register a Business Name (“Doing Business As”)
Register your business name with your state government.

Step 7: Get a Tax Identification Number
Learn which tax identification number you’ll need to obtain from the IRS and your state revenue agency.

Step 8: Register for State and Local Taxes
Register with your state to obtain a tax identification number, workers’ compensation, unemployment and disability insurance.

Step 9: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.

Step 10: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.