Find answers to common questions about starting, managing, and strengthening your small business.
Getting Started
As soon as you start to think about your business, an accountant can help you take the next steps. We can discuss your business’s organization and structures, tax purposes and operations, along with target pricing and profit margins.
Sales do not always equal profit. Your money may be going toward operating expenses, debt, taxes, inventory, or owner withdrawals. Regularly reviewing your cash flow and financial statements can help identify where the money is going.
Does your accountant return your calls? Do you feel comfortable asking them a question? Do you feel heard? With the right accountant, the answers should be a resounding “Yes!”
The amount depends on your net profit, business structure, and personal tax situation. As a general starting point, many business owners set aside 25% 30% of net profit. Personalized tax projections provide a more accurate estimate.
