The Start-Up Period of Your Business Is a Critical Time.
Dr. Friday Tax and Financial Firm, Inc. will assist owners with a host of decisions that have lasting tax consequences. Choosing the legal form in which to operate your business dramatically impacts after-tax cash flow available to owners and affects areas ranging from personal liability to the deductibility of employer fringe benefits.
Other crucial considerations may include the company’s overall method of accounting, its tax year-end, inventory valuation method, debt versus equity capitalization, and potential S-corporation election. Starting off on the right foot can save you a significant amount of time and money over the lifetime of your business.