New Business Formation
Inadequate front-end planning is one of the main reasons why businesses fail. Prior to opening day, the responsible business owner must understand her start-up capital needs, her operational cash flow requirements (Cash Flow Budget) and that’s just the beginning. The new business owner must also have billing and collection procedures prepared, requisite insurance secured—the list goes on and on.
Since our founding in 1999, Gupta Tax and Business Services has helped many clients, both in Hicksville and the surrounding New York and New Jersey areas, lay the necessary foundations for successful business start-ups. From IT companies to retail electronics, to gas stations, Gupta Tax and Business Services understands what’s required for financial success and is prepared to set your new business on a course towards prosperity.
We help new business owners quantify their borrowing power and choose financing strategies that best accommodate their start-up costs and early cash flow requirements. Our licensed CPAs are able to offer new business owners comparative analyses of the different business structures, such as LLCs, S and C Corporations, the various types of partnerships, etc. During this entity-formation phase, we’ll help you discern which entity type is best for tax purposes, liability purposes, operational flexibility, and ultimately, which is best to suit the needs of your unique venture. We’ll also help you establish cost monitoring systems for both your static and variable expenses.
Gupta Tax and Business Services will not only help ensure your business’s long-term financial success, but we’ll also help you cut down on the short-term hoops and hassles that plague the start-up process. We will take care of all necessary filings for your required licensures and permits. We will also send off for your Federal Employer Identification Number. We will establish your payroll and payroll tax filing system and ensure that your business remains compliant with federal and state employment law. While we expediently attend to the financial and administrative front, you and your partners will be free to focus on the big-picture elements of your new business formation.
Fully Electronic Practice
For client convenience, we are set up to do business entirely electronically. We accomplish this by inviting clients to send us their paperwork through email or uploading to our website. We also can conduct interviews and discussions over video conference, we welcome online payment of fees, offer electronic signatures and electronic filing of paperwork with relevant tax authorities (where available).
Our team is staffed with both CPAs, an Indian Chartered Accountant and an IRS enrolled agent. We are located in Hicksville, NY, in central Nassau County. We service many clients from nearby Queens, Manhattan and have many clients from all over the surrounding NY and NJ areas. If you’re arriving by train you’ll find us within walking distance of the Hicksville, Long Island Rail Road train station. We’re on Roadway 107, above the Masala Wok Restaurant. Feel free to stop by if you’re in the neighborhood, but in order to ensure that you’re seen straight away, we recommend calling or emailing ahead of time to schedule an appointment.