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business startup accounting harford county marylandBusiness Startups

One of the most important things business startups can do is hire an accountant. An accountant can help you formulate critical aspects of your business plan. Your business plan needs to have accurate financial information regarding your financial objectives and profit forecasts. This will help you to set realistic financial targets, establish budgets, plan ahead and compare forecast figures with actual results. Whether you are planning to secure bank financing or raise equity finance, a business plan is a valuable tool.

New business accounting Your business plan must be exciting but credible, with clearly identified customer benefits and evidence of financial growth and future prospects. Let the excitement of starting a new business continue with a strategic financial plan. We partner with you to strengthen your ideas and keep you on the road to success, helping you to navigate through tough economic times. Your business plan is a crucial foundation for future success, and professional advice from a certified public accountant experienced in business startups can prove invaluable.

Thomas M. Wagner & Associates can help you determine the most appropriate format for your business startup. There are many options available to you, each with its own tax concerns. They include, but are not limited to sole proprietorship, partnership, limited partnership, limited liability partnership (LLP). limited liability company (LLC), corporation and nonprofit corporation. We have experience in a variety of industries, including agriculture, construction, franchises, real estate, retail, services and more.

Thomas Wagner & Associates can save you time and clear up much of the confusion you experience when it comes to managing your business finances and taxes, but we can provide other benefits, too.

Act as a Trusted Advisor - More than just a tax preparer, an accountant can become a trusted advisor to your small business, helping you manage cash flow, plan for growth, assess risk, and keep your books in order.

Help Balance Business and Personal Needs - Many small businesses, particularly sole proprietors and startups, find that their business and personal finances are closely linked. A good accountant can help you make sound judgments beneficial to both.

Call us at 410.420.7333 for financial advice and business consulting for your business startup.