New businesses often have many questions when it comes to their accounting needs. Here are some of the top questions new businesses ask accountants:
- What is the best way to structure my business for tax purposes?
- What are my tax obligations and how do I comply with them?
- How do I set up my bookkeeping system and what software should I use?
- How do I manage cash flow and projections?
- What expenses can I deduct on my taxes?
- When do I need to start paying employees and how do I set up payroll?
- What type of financial reports should I be generating and how often?
- How do I raise capital for my business?
- What type of insurance should I have for my business?
- How can I minimize my tax liability and maximize my deductions?
These questions are just a starting point, and every business has unique accounting needs. An accountant can provide you with personalised guidance and advice tailored to your specific business. Contact us today to learn more about how we can help your new business achieve financial success.
