As accountants in Clermont, FL we know that establishing a business is not an easy thing to do because it involves many factors such as location, target market, advertising, separate business bank account, and many other factors. People are so wrapped up in deciding on the common factors that they forget about who will manage the taxes.  Even if you do remember, you push back the hiring of an accountant when the time comes to prepare the accounts and file tax returns. From a business perspective, hiring an accountant should be the very first thing you do.

You should hire a knowledgeable accountant in Clermont FL from the beginning to pay your taxes on time and help you in many other areas besides taxes. The following reasons state why a business needs the services of an accountant before establishing their business:

Business Plan

Selling and promoting their products or services is the first thing a business owner focuses on. There is no harm in setting up a business plan, but making rash decisions when coming up with a business plan may harm your business in the future. In order to avoid a disastrous end, you need the services of an accountant in Clermont FL to help prepare your business plan according to the tax guidelines set by the IRS.

The accountant with you will carefully discuss and meticulously examine all the planned activities before you begin trading. Next, the accountant will factor in all the costs related with your business to get a clear understanding of your expenses.

Moreover, the accountant serves as an advisor giving you advice and tips on your future finances and what factors can you equalize against taxes. An effective business plan that incorporates effective tax planning will provide a business with a stable platform to launch their business successfully without having to worry about hidden costs.

Trading Structure

What type of partnership you want is the next question you should ask yourself when planning. You can collaborate with someone or become a sole proprietor. If you make the wrong decision about the trading structure, then it can become costly. One wrong decision in the trading structure can affect the property and contract you have, the rate of tax you have to pay, and the accessibility of different tax relief. The accountant in Clermont FL will assist you in making wise decisions during certain situations.

Systems, Software and Accounting

An accountant in Clermont FL can assist you in preparing to run your business. They will set up appropriate accounting, management information, and bookkeeping systems before you start trading with suppliers and start selling your products. They already have sound knowledge of what needs to be implemented and how it can benefit your business to run profitably. Integrating reliable systems will not only save you time, but also save you money.

Financial Advice

Most importantly, an accountant in Clermont FL can suggest many options, apart from banks, to borrow money from before launching your business. They can give you options such as borrowing from venture capital to obtaining local government grants. With the help of your accountant, you will be able to make the right decision in terms of financing.

Always keep in mind that hiring an accountant in Clermont FL isn’t an expense, but a sensible investment.

If you need more information about our Clermont, FL accounting and tax services, please contact us at 407-502-2400.  Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years.  Our Orlando accounting and tax firm has its main offices in Kissimmee, FL.  Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, and Hunters Creek, FL.  Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin numbers, incorporations, and non profit 501c3 tax exempt status applications.


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