Business Formation Services

Know the Simple Steps for Starting Your Business Right.

We’re here to provide the different help that you need with accounting, tax, HR, and business development.

Business Consulting, Advisory & Formation

We understand each phase of starting a new business, expanding an existing business, limiting exposure or succession planning. A clearly defined plan, risk assessment, marketing strategy and efficient workflow solutions from technology to processes will reduce liability and cost and position you for sustaining your business objectives. As your interim partner in business, we’re there to align your goals.

  • Business Development Plans (new or existing business): Are you constantly making decisions on a whim? Are you entirely comfortable with the decisions that you make and do they support your short and long-term business goals? Do you know what your business goals are? 5 Star A.B.S. will help you develop a comprehensive business plan that supports your vision, leads to a clearly defined budget and reduces the stress of daily decision making.
  • Management Consulting / Workflow and Operational Assessments: Inefficient workflow or operations and a lack of policies and procedures are not as visible; therefore, costing many businesses valuable money, increasingly with time. Our consultants will evaluate your current processes and procedures and make recommendations and/or assist with improvements or create new procedures for newly formed business.    
  • Marketing: Our consultants specialize in several areas but we don’t claim to specialize in everything. However, we understand the need and great importance of marketing strategies and implementation. 5 Star A.B.S. has partnered with valuable marketing resources to support your existing plan and create/implement new strategies including website design, content writing, social media, SEO, printed publications and advertising material, grand openings/launch, press releases, blogs or newsletters and much more. We work hand-in-hand with our partners to ensure your strategies meet your budget and are appropriate for your industry/business.
Making a business entity selection will have varied tax and financial impacts. It’s important to understand your options and the effects your decision will have on tax and liability. Whether you are forming now or considering a change in election, our advisers will walk you through the options and assist with the process and paperwork.

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The Why & How of Business Referrals for Sacramento Metropolitan Area Owners

Firstly, before I jump into what business referrals could mean for your Sacramento Metropolitan Area business, I wanted you to see this.You may have already heard me talk about this … but the explosion of shady flim-flammers gaming the Employee Retention Credit...

How a Continuous Audit Helps Your Sacramento Metropolitan Area Business

My quick take on SVB: Don’t let it rob you of your focus for building the business under YOUR control.In other words, let noise be noise … and focus on what’s most important: your immediate world.But I will say that this crisis is a perfect example of why you should...

5 Star Accounting & Business Solutions LLC’s Tips for 2023 Small Business Tax Planning

Forward-thinking is a must in business… that goes for your taxes too. And I’m going to dive into what that looks like today. But first, let’s talk about your tax filing. The S corp and partnership filing deadline is coming up (March 15 to be exact). While we’ll...

Claiming the WOTC While Hiring in Your Sacramento Metropolitan Area Business

Firstly, we are barrelling towards the March 15th deadline for corporate tax returns. There's a good chance that we'll just put you right on extension, but if you have anything you need for us to know about your situation, please do let us know...

Deducting Travel Expenses for Your Sacramento Metropolitan Area Business This Year

Who can believe that it’ll be one year this week since the war in Ukraine began. Unfortunately, it doesn’t seem like there’s an end in sight — a heavy realization for those caught in the crosshairs of it all…Looking back to last February, I can say it’s been a...

Anticipating First-Year Expenses When Opening a Sacramento Metropolitan Area Business

It’s February and love is in the air. (So are taxes. And Super Bowls. And bad tax software commercials – but I’ll leave those for another day.)Flowers and chocolates showed up on desks and countertops this week with sweet little romantic notes. Restaurants set those...

5 Star Accounting & Business Solutions LLC Wants to Know: Got a Business Exit Strategy?

The big day is almost here. No, not tax day.(Which is on April 18th this year — and you should be thinking about that now and start by grabbing a time on our calendar: 5staraccountingandbusiness.com/schedule/ )I'm obviously talking about the Super Bowl. And maybe...

Remote Work & Your Sacramento Metropolitan Area Business Insurance Policy

Now that we’re through January (and all of the 1099’s and payroll-related information returns), we take a small breath … but then things start ramping up again for us here at 5 Star Accounting & Business Solutions LLC.So let this serve as an early notice that it...

5 Star Accounting & Business Solutions LLC’s 7 Keys to Lowering Shipping Costs

Seen on Twitter this past weekend:Seems pretty typical with the way the IRS has operated over the past few years. If you’ve had any trouble with them processing anything of yours … well, that’s one explanation (and there are plenty more where that came...

Hiring a Consultant for Your Sacramento Metropolitan Area Business

Remembering and honoring Martin Luther King this week has me thinking once again about being a voice. It’s hard not to get inspired listening to the iconic words of the famous I Have a Dream speech (if you’ve never listened to the entire speech, it’s worth...

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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!

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