Starting a New Business


Launching a new business is exciting, but it also comes with important tax, payroll, and compliance responsibilities. Choosing the right entity, setting up tax accounts, and establishing proper recordkeeping procedures from the start can help you avoid costly mistakes later. Our team can guide you through the process so you can focus on growing your business.


Employer Identification Number (EIN)

Most businesses need an Employer Identification Number (EIN), which serves as the business's federal tax identification number. An EIN is required to open business bank accounts, file tax returns, hire employees, and complete many state registrations.

We can assist you with determining whether an EIN is needed and help ensure your business is properly registered with the appropriate agencies.


State Tax Registrations

Depending on the nature of your business, you may need to register for:

  • State payroll withholding tax accounts
  • Unemployment insurance accounts
  • Sales and use tax permits
  • Other industry-specific licenses or registrations


We can help identify which registrations apply to your business and guide you through the setup process.


Payroll Setup and Compliance

Hiring employees creates ongoing payroll and reporting obligations. Proper payroll administration is critical to maintaining compliance with federal and state requirements.

Our payroll services can help with:
  • Employee onboarding
  • Payroll processing
  • Payroll tax deposits and filings
  • Quarterly and annual payroll reporting
  • W-2 and 1099 preparation
  • Payroll recordkeeping requirements


Employee Records

Employers should maintain accurate personnel files for each employee. Important documents generally include:


Form W-4


Completed by the employee to determine federal income tax withholding and provide essential identifying information.


Form I-9


Required to verify an employee's identity and authorization to work in the United States.


Additional payroll and personnel records may also be required depending on your business and state regulations.


Business Planning and Ongoing Support

Beyond initial registrations, we can assist with:

  • Entity selection (LLC, S Corporation, Partnership, or Corporation)
  • Accounting system setup
  • Recordkeeping procedures
  • Tax planning and projections
  • Sales tax compliance
  • Payroll services
  • Ongoing bookkeeping and tax return preparation


Starting your business with the right foundation can save significant time and expense in the future. We are here to help you navigate the process and provide guidance every step of the way.