Embarking on a new business venture or reshaping your existing one requires a strategic roadmap for success. At R&E Chavez Income Tax, we guide you through a meticulous plan, ensuring your dream of entrepreneurship becomes a thriving reality. Avoid the pitfalls that often accompany new ventures with our comprehensive support.

We assist you in:

• Reviewing your initial business plan, covering marketing, management, and financial strategies.
• Assessing start-up capital needs and identifying potential sources, including backup options.
• Evaluating borrowing power to determine accessible funds when required.
• Choosing an optimal business structure, considering tax advantages, legal exposure, and operational ease.
• Selecting the right accounting software based on your budget, needs, and hardware.
• Creating a Cash Flow Budget to manage monthly financial requirements for the crucial initial years.
• Establishing efficient billing and collection procedures to enhance cash flow.
• Implementing cost monitoring and control procedures.
• Setting up a home office for maximizing tax deductions.
• Handling state and local licenses, permits, and the application for your Federal Employer Identification Number.
• Providing payroll services and tax filing for your first employee.
• Ensuring compliance with employment laws to avoid fines and maintain employee satisfaction.
• Developing a robust Partnership Agreement to prevent future financial and emotional challenges.

Let R&E Chavez Income Tax be your partner in ensuring a strong, successful start to your new business venture.