Business Foundation Service

Most entrepreneurs dream of running a successful business. In most cases, the plan is usually to come up with an idea, start a business from the idea, get customers for your business, scale up quickly and make a lot of money.

But it doesn’t happen that easily in real life. Running a successful business is no easy task. It requires a lot of effort, without which, a business is likely to fail. However, with a well thought out plan, nothing is impossible. A well-executed plan will set your business up for success by providing you with a road map that you will follow as you build your business.

For long-term business success, however, you need to lay a strong foundation for your business that will hold it together when things get tough. The stats on businesses failing in their formative years are quite worrying and you could be headed down this path if your business has not been set up on the right foundation.

You need proper accounting solutions to give your business a good foundation for future success and our Business Foundation Service will set you up for life.

We created this service to help small businesses manage the challenges of getting a business up and running. This service is also ideal for business owners who are considering a change of direction as it entails tips on how to handle the complexities of launching a new venture.

Your Dedicated Business Partner

How you handle your finances will determine whether your business will succeed or not. We have been in the financial industry for some time now and we have helped business soar by providing them with dedicated financial services. We guide and coach businesses owners on how to handle their finances so as to guarantee business success. The IRS is not your friend and they will pounce on you when they realize that your taxes are not in order. Our Business Foundation Service will provide you with financial education on how to deal with the IRS so as to avoid a visit by the taxman.

The focus of our Business Foundation Service is education as we believe it is the only way to prepare business owners for the hurdles that lay ahead. Running a business is not easy and no business owner should do it alone. By partnering with the right organizations like Karla Dennis And Associates, Inc.™, you set your business up for success and longevity. We have the experience to guide business owners as they lay the right foundations for their businesses. As part of our Business Foundation Service package, we will ensure that;

  • Your business is operating under the right structure.

  • Your accounting system is set up properly for effective business management.

  • You learn the right bookkeeping guidelines so as to make it easy for you to capture all your incomes, expenses, and to reduce your taxes.

  • You follow the right accounting guidelines so as to avoid getting audited by the IRS.

START TODAY

Sign up for our Business Foundation Service and let us set up your business for long-term success by laying the right foundation.

SCHEDULE A CONSULTATION

Our Business Foundation Services Packages Includes:

Business Owner Education

As a business owner, your dream is to grow your business and to increase your profit margins. This dream needs to be supported by proper education that will help you make the right business decisions at different stages of your entrepreneurial journey. Proper business education will also help you as the owner to understand your tax obligations and this will help you avoid attracting the attention of the IRS for an audit.

  • During this phase of the Business Foundation Services, we will make sure you;
  • Understand the vision of your business.
  • Understand the need to have separate personal and business accounts.
  • Understand the need to pay yourself and how to do it.
  • Understand the difference between employees and independent contractors.
  • Understand the need to keep records.
  • Understand the need to use your company vehicle for your personal use.

Entity Type Analysis and Recommendation

When starting a business there are different business entity types that you can opt for. To choose the best form of business, there are a few things that you have to consider and this phase of our Business Foundation Service serves that purpose. We will enlighten you on;

• Forms of business ownership.

• Sole trader, Partnership, Company, Trust set up.

• Business name registration.

• Tax filing requirements for the different form of businesses.

• How to receive funds from the different entity types.

  • Forms of business ownership.
  • Sole trader, Partnership, Company, Trust set up.
  • Business name registration.
  • Tax filing requirements for the different form of businesses.
  • How to receive funds from the different entity types

Retirement Plan Analysis and Recommendation

As a business owner, you need to plan ahead. You will not be able to run your business forever and as such, you need to make sure that you set aside some funds from the proceeds of your business for your retirement. This phase specifically caters to this and it will help you with the following;

  • To understand the benefits of a retirement plan.
  • Retirement plan analysis.
  • To educate you on the different retirement plans available.
  • Cost Benefit Analysis.
  • Retirement plan selection and set up.

Account System Set Up and Training

Your financial accounting system needs to be seamless for you to have a clear picture of the financial position of your business. Your accounting system provides you with data that you use to make crucial business decisions and as such, your systems should be set up properly so as to ensure that you get the right data at the right time. This phase of our Business Foundation Service, therefore;

  • Teaches you how to operate an accounting system.
  • Analyses your accounting online data in QBO.
  • Links your bank accounts and credit cards to QBO.
  • Teaches you proper payroll setup.
  • Tax planning software installation.
  • Advice you on Receivables and POS systems.
  • Teaches you how to handle receipts and invoices.

Guaranteed Success with Our Business Foundation Service

Our Business Foundation Service is designed to make sure that your business doesn’t become part of a statistic. With most businesses failing shortly after being launched because of poor planning, our Business Foundation Service sets up your business for success by giving it the foundation it needs to weather storms when it is still young.

When you choose us as a partner for your business, you can relax in the knowledge that you are getting business advice from a competent tax and accounting firm. You are also sure that you will get the best accounting system that will provide you with the right data for your management process.

Our tax and accounting experts are friendly and willing to assist you. Contact us today and together let us build a strong foundation for your business that will guarantee you long-term success.

QUESTIONS ABOUT A TAX ISSUE? ASK OUR EXPERTS.

Book Your Free Consultation

From Our Blog

  • medical expenses

How To Deduct Medical Expenses In 2022

November 10th, 2022|

November 9th, 2022  TOPIC: Medical expenses    This guide will educate you on how to deduct your medical expenses. This blog post will also list what medical expenses you can deduct and when you can deduct them.     If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog drops!   Can [...]

  • Premium Tax Credit

How To Claim Premium Tax Credit In 2022

November 3rd, 2022|

November 2nd, 2022  TOPIC: Taxes   This guide will educate you on Premium Tax Credits. This blog post will describe how the tax credit works and how you can use it for your benefit.  If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog drops!   What Is Premium Tax Credit?  [...]

  • Child and Dependent Care Tax Credit

How To Claim Child and Dependent Care Tax Credit In 2022

October 27th, 2022|

October 26th, 2022  TOPIC: Child and Dependent Care Tax Credit   This guide will educate you on the Child and Dependent Care Tax Credit. If you have a child or someone disabled at home, you might be eligible to receive this amazing credit.  If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a [...]

  • Pet tax write offs

How To Save On Taxes When Owning Pets In 2022

October 20th, 2022|

October 19th, 2022  TOPIC: Pet Tax Write-Offs This guide will teach you how to save on taxes when owning pets. If you or someone you know owns a pet, they can receive tax breaks if their pet meets certain criteria.    If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog [...]

  • Adoption Tax Credit

The Comprehensive Guide: Adoption Tax Credit In 2022 

October 13th, 2022|

October 12th, 2022  TOPIC: Adoption Tax Credit   This guide will educate you on the adoption tax credit and how to qualify for it.  If you are considering adopting a child, this guide can help make the adoption process more affordable.  If you like guides like this, feel free to follow us on social media and subscribe to our email list to get updates on when a new blog [...]

  • Solar Investment Tax Credit

The Full Guide: Solar Investment Tax Credit In 2022 

October 6th, 2022|

September 28th, 2022  TOPIC: Solar Investment Tax Credit   This guide will educate you on Solar investment tax credits.  If you own a home and want to find out how you can get paid by the IRS for installing eco-friendly devices in your home, this blog is for you!  If you like guides like this, feel free to follow us on social media and subscribe to our email list [...]