Our team specializes in working with clients directly on the financial and tax implications associated with these decisions, as well as helping them formulate ideas into reality. Entrepreneurs often need advice on business structure, liability and asset protection, and a tax efficient business type. We specialize in the accounting and tax preparation for entrepreneurial businesses which goes hand-in-hand with the formation process. If you are an entrepreneur, small business owner looking to start something new, or an investor looking to protect your assets, contact us or stop in for a consultation about how we can best serve you.
Forming a new business also means choosing a business entity or structure that will have an immediate and long-lasting impact on your taxes and financial security. We can guide you through the options including Sole Proprietorship, C Corporation, S Corporation and Limited Liability Company (LLC). No single entity is best for every type of business owner. Felsing LLC’s professionals can advise you on choosing an entity type that works best for your business.
Quickbooks is a software used by many and easy enough for most business owners and managers. It syncs with your bank and credit card accounts to give you “finances at a glance.” Our QB experts will guide you through functions that allow you to do as much or as little as you would like to take on. You may be surprised at how quickly you can become an effective user.
The ability to pull reports with organized data is a result of how well your accounts are set up in the QB software. While every business is different, much of the functionality is common. Setup is a function best left to the pros, with a lot of help from the business owner.
Year-end Tax Planning
Year-end tax planning is not to be dreaded. With an ongoing knowledge and involvement of your business account, we can predict tax payments and lessen the burden of the April deadline. As dedicated professionals we stay informed on the latest laws and regulations that could affect your business.
Succession planning is your road map as an owner for preparing for the future when you decide to exit your business through retirement or sale. Estate taxes or family discord may result in business failure without the proper planning. You don’t want to leave it to chance. We can assist in developing and implementing a well-designed plan for the long-term success of your business long after you are gone.
It is common for growing business to establish subsidiary companies. The wise business owner considers these accounting and financial functions as they structure their entities. Our experts can consult with your leadership and legal formative representatives to structure your entities to protect, connect or separate the various businesses and advise on tax implications.
Mergers and Acquisitions
A function of growth, downsizing, consolidating or transforming a business may involve mergers and acquisitions. While working with your financial documents to plan for a potential sale or the due diligence to review other entities for potential acquisitions, we have the expertise across the board to review, advise, assist with negotiations and manage the overall transaction process.
Controlling and Understanding Your Finances
While we are experts at organizing and analyzing your accounting records, it is a healthy business practice to understand your financial position, tax liabilities, and options to build a sound financial platform. Trust our team to provide the functionality and also provide you with tools and guidance.