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SO, YOU’RE READY TO BECOME YOUR OWN BOSS. WHAT DOES THAT MEAN? WHAT RESPONSIBILITIES WILL YOU HAVE TO YOUR CUSTOMERS, VENDORS, EMPLOYEES, AND YOUR FAMILY?
WHAT TYPE OF BUSINESS ENTITY IS RIGHT FOR YOUR BUSINESS, YOUR PERSONAL FINANCIAL SITUATION, THE PROTECTION OF YOUR PERSONAL AND BUSINESS ASSETS? WHAT RECORDS ARE YOU REQUIRED TO MAINTAIN AND FOR HOW LONG?
WHAT FEDERAL AND STATE AGENCIES DO YOU HAVE TO REGISTER WITH? SETTING UP YOUR RECORD KEEPING CORRECTLY AT THE BEGINNING WILL SAVE YOU A TREMENDOUS AMOUNT OF TIME AND A FAIR AMOUNT OF MONEY TRYING TO CORRECT COMPOUNDED ERRORS DOWN THE ROAD.
WOONSOCKET TAX SERVICES, INC. CAN GUIDE AND ASSIST YOU, AS NEEDED WITH ALL OF THE ABOVE. OUR EXPERIENCED STAFF WILL EXPLAIN:
• BUSINESS ENTITIES AND THEIR FINANCIAL IMPLICATIONS (we always recommend that you seek the advice of legal counsel to ensure you completely understand all legal implications of business entity selection).
• EXPLANATION OF MANUAL vs. COMPUTERIZED BOOKKEEPING SYSTEMS AND SERVICES.
• EMPLOYEES vs. SUB-CONTRACTORS
• WORKERS COMPENSATION INSURANCE REQUIREMENTS
• FEDERAL TAX IDENTIFICATION NUMBER
• STATE REGISTRATIONS WITH ALL THE APPROPRIATE SALES AND USE TAX PERMITS.
• AND MORE!!
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| © Woonsocket Tax Services, Inc. 2005 |
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