When CPAs Are Needed For New Business Formation in Lehi
Starting a new business is a big venture that is both exciting and stressful. Paramount Tax is here to minimize some of that stress for you so you can focus on the excitement. As the leading accounting firm in Lehi, Paramount Tax works closely with certified public accountants who can handle all your new business accounting needs.
While an accountant can cover the business basics of bookkeeping and tax preparation, CPAs are qualified and licensed professionals that can cover a wider variety of accounting services. Professional accounting help from a certified public accountant, such as those we partner with, can address a variety of accounting services that a normal accountant cannot cover:
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Financial Analysis - while a regular accountant can do bookkeeping and tax preparation, a CPA can offer professional analysis and tax and financial advice.
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Licensing - Every state and city has different licensing requirements for businesses and they can be tricky to navigate. With the help of a CPA, you can have your new business licensed and up and running in no time!
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Tax Laws - CPAs are more versed in tax laws than your typical accountant. A CPA can help a new business owner prepare and file taxes and even act as a representative before the IRS in the chance that your business is ever audited by the IRS.
A certified public accountant in Lehi can also assist with the following new business accounting services:
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Evaluating Your Business Idea - Even if you think your idea is great, your accountant can help you decide if it is really worth the investment by discussing loans, startup costs, and required revenue to reach ROI.
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Writing a Business Plan - A well designed business plan can help you keep expenses in check and may come in handy if you would like to rent out office or retail space.
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Choosing a Business Entity - Will you have partners? Are you a corporation, a sole proprietorship, or an LLC? Your Paramount Tax accountant can help you decide which entity best fits your business.
Of all the accounting firms in Lehi, Paramount Tax offers the most extensive services for new or established business owners. Opening a business is an exciting time and it should be enjoyed. Bookkeeping, licensing, preparing taxes, and completing payroll is a full time job on its own and that is why Paramount Tax is here to help. We keep up with your accounting needs so you can focus on running your business.
By partnering with certified public accountants, we are able to offer you a level of service that many other accounting firms cannot. If you are looking to start your new business venture and are searching for accounting firms in Lehi, schedule a free consultation with Paramount Tax today.
Contact one of the top
accounting firms in Lehi
for any New Business CPA related questions. We are happy to assist any way we can!