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.
Our Business Foundation Services Packages Includes:
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.
From Our Blog
8 Retirement Moves You’re Most Likely to Regret
Quitting work too soon. One-third of all retirees will live to be over 91 years of age. Avoid the mistake of rushing to retire as soon as possible. Working until age 66 instead of 62 will increase your social security benefits by 25 percent. You can expect social security payments 75 percent higher if you wait until you’re 70 years old. Overestimating investment returns. Stock market returns can be depressed for 10 years or more. Just because the average return is 7.0 percent after adjusting for inflation doesn’t mean it’s seven percent every year. Be realistic in your assumptions about future returns.
Filing for Bankruptcy as a Retiree
Calculate what your income is. Your income will determine if you qualify for Chapter 7 or Chapter 13 bankruptcy. Income qualifications vary from one state to another, however, so it’s important to check the requirements for your state. Ensure your debts will be erased if you file for bankruptcy. Debts can be secured or unsecured, and some types of secured debts won’t go away when you file. What is Chapter 7 bankruptcy? Chapter 7 erases any unsecured debt, which includes medical bills as well as credit card debt. Your income has to be below a certain level for you to qualify for this type of bankruptcy and this level varies from one state to another. The downside of filing for Chapter 7 is that your assets will be sold to pay your creditors back. Your creditors will not be paid back if there are no assets to sell. What is Chapter 13 bankruptcy? Chapter 13 bankruptcy includes setting up a restructuration plan, usually with monthly payments. Filing for this type of bankruptcy means that you’ll have pay at least a portion of your debt. The main advantage of Chapter 13 is that your assets won’t be sold. However, you’ll have to prove that your income allows you to keep up with the repayment plan after subtracting your living expenses. Your secured debts also have to be below a certain level in order to qualify for Chapter 13. What kind of assets could you lose if you file under Chapter 7?
Things to Consider Before Lending Money to Family and Friends
Should you loan money to friend or family member? It’s […]
Top 10 Financial Challenges for Millennials
A lack of preparation for financial emergencies. Everyone needs an emergency fund. While the lack of an emergency fund is common within every age group, millennials are especially likely to not have any money set aside for emergencies. Strive to set aside 3-6 months of living expenses and you’ll be prepared for most financial emergencies. Failing to take advantage of 401(k) matching. If your employer offers 401(k) matching, take advantage of it. Not only will your money work for you, but your employer is giving you the same amount as what you’re investing. Considering future growth, your employer could be handing you a fortune – for free!
Think Like a CFO in Your Personal Finances and Enjoy a Brighter Future
Many people handle money well at work, but horribly at home. There’s a different mindset when you’re expected to act like a professional. What if you handled your personal finances with the same professionalism a CFO takes care of business? Discipline and professionalism can add a lot to your personal financial future. Just because no one is watching you doesn’t mean you can be irresponsible with your finances at home. Act like a CFO and take control of your money: 1. Live by your budget. Even the wealthiest companies have budgets that each department and manager are expected to follow. As your own personal CFO, you should prepare a monthly budget and chart any discrepancies. Then make the necessary budget adjustments. • If you don’t have a budget, creating one is the first order of business.
