Our Services: Business Startups
If you are starting a new business, Lodovico & Associates is fully-equipped to help you build from the ground up and keep it running smoothly for years to come. Whether you are a seasoned entrepreneur or becoming your own boss for the first time, we will personally assist you in creating everything you need for your business to open its doors on a solid financial foundation. With the Tax Professionals, you have a wide range of services at your disposal to help your business reach its full potential.
Setting Up Your Business
Entity Selection: We will help you decide what type of legal entity is best for you.
(corporation, S-corporation, partnership, LLC, LLP, or sole-proprietorship)
Federal and State ID Numbers: We will make sure your business is properly registered with the federal and state governments – federal and state EIN (employer identification number) and state sales tax number.
Payroll Preparation: We will find the right payroll service provider for you, review your quarterly reports, and prepare any 1099s for your contractors.
Quickbooks Training: We will find the best accounting software for you and personally train you on how to use it effectively.
Bookkeeping: We will record your transactions, reconcile your bank accounts and organize your cash receipts and credit card statements.
Financial Statements: We will show your business’ profit or loss and determine your financial standing.
Cash Flow & Budgeting: We can show where your money is going and help you structure your finances accordingly.
Federal/State/Local Tax Returns: We will prepare all required business tax returns for the IRS and state, as well as any local privilege returns, after the end of the tax year.
Planning for Your Future
Tax Projections: We will calculate and predict your future income and plan for your tax obligations accordingly to avoid end-of-the-year penalties.
Business Valuation: We will show what your business is worth and compare it to similar, local businesses so you have the edge to be successful among your competitors. We can also establish a fair market value (FMV) so you can make an informed decision on whether you should buy or sell a business.
Property Tax Appeal: We will investigate your current property tax situation and, if necessary, appeal your assessment to lower your property taxes and save you money in the long run.
Lodovico & Associates, P.C. provides a full range of accounting, tax and related services. Please note that Lodovico & Associates, P.C. does not provide legal services or legal advice.