3 Tips to Jump Start Your Small Business Today

Business Accountant in Framingham MA

Accountant in Framingham MA | Starting a small business can be challenging regardless of the industry. Some businesses may require more work than others. But, there’s no denying that learning the basics will help. So, grab a pen and paper. These 3 tips will start you off on right foot to successful entrepreneurship.

Incorporate the business.

There are several ways to incorporate a business: C corporation, S corporation, limited liability company, sole proprietorship, and more. Learning which one is best for your business can be tricky. Consult with a business accountant in Framingham MA to help narrow the best incorporation option. This will help protect your personal assets, business, and better organize your tax accountability.

Open a business bank account.

Now that your business is incorporated, research local business bank accounts. Banks offer a lot of benefits to small businesses so it’s great to see which bank will offer the most convenience for you. Service, products, fees, and location are a few aspects to compare when choosing the right bank. Think about your businesses daily, weekly, and monthly needs when deciding. Will your business need change on weekly basis? What policy or fees would you have to adhere by to get change? Do not delay on opening a business account. You’ll need to begin separating your business transactions from your personal ones as soon as possible.

Hire a business bookkeeper and accountant.

You will have a lot of new responsibilities once the business is operating. It’s easy to forget to do weekly bookkeeping when other aspects of your business needs attention. Alleviate this responsibility by hiring a business bookkeeper and accountant in Framingham MA. Numbers can seem overwhelming and organizing receipts can seem mundane but that’s why a professional is best for the task. Bookkeepers and accountants maintain your financial records and help keep you in order with the IRS should you ever get audited.

Consult with us today about your small business endeavor. Ash CPA Accounting and Tax Services in Framingham MA offers business bookkeeping, accounting, tax services, and consulting. Schedule a free business consultation in Framingham MA today. Call (617) 462-6651 or visit us at 945 Concord Street Suite 100 Framingham MA 01701.