Starting a business can be scary! There are so many tasks that must be completed to ensure your business is operating in compliance with the IRS, your State, your County and your City! And most of the time, many of these tasks must be completed simultaneously, causing confusion and a feeling of being overwhelmed.
Don't doubt yourself when this happens! This is the time that you should realize you cannot wear every single hat and while you can never delegate accountability, you CAN and SHOULD delegate responsibility. Choose trusted advisors that can help you in areas that are not your specialty and rely on them to build your team. This will allow you the time and energy to focus on your own area of expertise - what you do best!
Before you begin any new venture, it is important to review WHY you are doing this and to know your own strengths, weaknesses, opportunities and threats (AKA, SWOT Analysis). This will help you determine the areas you may need some guidance in. And, today is the perfect time (no time like the present!) to figure out exactly what you have done, and what remains to be completed to ensure you are, and remain, in compliance.
If any of these guidelines are confusing or you feel you may need more assistance, please call our office. We specialize in helping small and new businesses get started on the right path, save time and money and gain peace of mind! And for existing and larger businesses, sometimes a fresh perspective on your tax situation is all you need to save money for the future! Together, let's plan today for a successful tomorrow!