Starting a Business

Know the Simple Steps for Starting a Business Right.

Owning your own business is right up there with apple pie and baseball as an American pastime. In order to ensure that your business succeeds beyond the initial desire and thrill of fulfilling a dream, you must take the time to develop a comprehensive plan and gain the advantage of having all pertinent information in place before starting a business.

We’re a completely remote firm serving clients nationwide, with direct service in Roseville and surrounding areas including Citrus Heights, Folsom, Rocklin, Sacramento, West Sacramento and other cities in the respective counties.

We can help you avoid becoming another failed business statistic.

With our help, you will identify and avoid the common mistakes many new business owners make. We will help you build a business plan for success, as well as provide financial management services to meet your needs.

Here are our steps to starting a business right…

9

Prepare a business plan and determine your initial capital needs.

9

Identify your current resources, as well as sources of start-up capital and your borrowing capacity.

9

Review potential business structures in terms of tax advantages and portability in case you need to relocate.

9

Plan for financial management of your business by selecting accounting software that fits your projected budget and gaining the hardware necessary to run it.

9

Understand the key components of a Cash Flow Projection and develop one to cover each month of your business for the first year, at least.

9

Learn about the best billing and collection procedures to maximize your cash flow.

9

Research and gain an understanding of employment laws so that you are prepared to comply from the start.

9

Consider a home office for maximizing tax deductions.

9

Prepare and file for all local and state licenses and permits.

9

Gain a Federal Employer Identification Number and set up payroll services and payroll tax filing systems with your first employee.

9

Identify any business insurance needs.

Don’t let this list overwhelm the motivation you have for starting a business. Our services were created with small business owners like you in mind.

Call us today if you’re interested in starting a business the right way!

Let Us Help:

How To Handle Your Roseville Company’s Payroll Taxes

It's no secret that for many people who get in hot water with the IRS, a very common reason is payroll taxes. For many, they aren't filing properly, "assuming" that their bookkeeper is handling it or their payroll software. But that isn't necessarily the case, I'm sad...

5 Star Accounting & Business Solutions LLC’s Three Business Tax Penalties To Avoid When Possible

Let's address an unfortunate reality: As a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of course, you have MANY more tax-savings opportunities as well.) But with those increased obligations comes increased...

Some Small Business Tips Your Roseville Business Should Learn

Today, let's reach for some small business tips you should be taking away from this past season. As Roseville business owners, we always need to be ready to adapt to changing times -- this time around change just happened to come ... faster. So, what should we do...

Developing Accountability In Your Roseville Business Is Crucial

During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of Bloomberg): AOL Blockbuster Radio Shack Circuit City CompUSA Sears HotJobs Yahoo VoiceStream Wireless Gateway Computers The...

5 Star Accounting & Business Solutions LLC’s Top 5 List of Potentially Fatal Business Mistakes

There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners and real estate investors have access to powerful tax advantages that wage earners do not ... and wage-earners probably...

Passing Down Your Roseville Family Business

If we've learned anything from 2020, it's that our best-laid plans don't always turn out. As the great philosopher Mike Tyson once said: everyone has a plan until they get punched in the face. What is your plan for exiting your Roseville family business? You need to...

A Few Winning Tips for Controlling Costs in Roseville Businesses

So ... I'm not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you might see from those gurus who are posing by their Lamborghinis in the Facebook ads ... even the leanest Roseville...

5 Star Accounting & Business Solutions LLC’s Thoughts on Reimbursement vs Company Cards

If you'll forgive me, I'm going to get pretty geeky today. You probably didn't realize that there are actual pros and cons to expense reimbursement for employees, etc., or using a company cc. Oh, my Roseville readers, I'm going to take you down a little rabbit hole...

4 Tips for Roseville Taxpayers Owing the IRS

For many Roseville individuals, families, and businesses, it can seem that the government has simply been throwing money around and not paying attention to what is done with it, or collecting what is due. But if you believe that the IRS won't come hunting for ways to...

Roseville Taxpayers, The Problem with an Unfiled Tax Return…

The unfortunate reality is that if you have an unfiled tax return -- even if you don't owe any taxes that year -- there can be problems. And, that is obviously the case if you do happen to owe taxes. Not only can the federal government stir up trouble for you, but...

Ready to come in for an appointment?

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!