Accounting News and Notes

Atlanta CPA on Getting Your New Business Started: What You Don’t Know Can Hurt You 

We frequently received and inquiry of a new business owner exploring their options and how to best address their issues and concerns. To assist in guiding other new entrepreneurs I have included my answers after each corresponding question: 

I’m trying to find out how to become a designer/sole proprietor.  Here are my questions: 

Is it necessary to register this type of business with the government? If so, what are the fees, where do I go, and what do I need? As a business grows, eventually the need arises to hire and pay employees. Unincorporated sole proprietors may be able get by without employees by filing quarterly estimated taxes and paying the self employment tax at the end of the year with their form 1040. With an incorporated business entity, or when hiring other workers besides the owner, there are specific requirements for tax withholding and information reporting that must be filed. To discover some of the initial filing requirements and fees visit http://www.hiscpa.com/employee-checklist.htm  

Is it time consuming and expensive to become an employer? Am I able to use my regular 1040 tax return to file taxes for this? Payroll tax returns and their attendant issues are the bane of many business owners both big and small.  Tax law at federal, state and local levels often leaves an entrepreneur feeling both dazed and confused.  There is no greater area of need for tax simplification than in the area of payroll tax issues.  Payroll tax returns and payments are due to the varying regulatory agencies at differing times, unique and special forms and often what appears to be conflicting reporting styles and forms.  To address the many varied administrative issues of payroll I recommend all of my clients utilize the services of a Payroll Service. 

John Dillard is an Christian Speaker/Author and an Atlanta CPA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!  

Contact HIS CPA PC (A Christian Atlanta CPA Firm) today.

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford,

Related posts:

1. Gwinnett CPA Advises on Startup Issues Facing New Business Owners: What You Don’t Know Can Hurt You
2. Duluth GA CPA on Incorporating in Georgia: Atlanta CPA Helps New Georgia Business Get Started on the Right Financial Footing
3. Atlanta CPA Provides Directory of Accounting, Tax & Bookkeeping Services for Your Metro Atlanta Business
4. Choosing an Accounting Software…Making the Right Choice for your Atlanta Business
5. Duluth CPA Advises on Bookkeeping Issues for Atlanta Business Owners

This entry was posted on Friday, December 4th, 2009 at 8:11 am and is filed under Atlanta Bookkeeping Services, Atlanta Business Consulting, Incorporating in Georgia & Entity Selection.
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