50% of all new
businesses fail in the first two years. Working with SGS can
dramatically improve your chances for success.
Our staff has worked with small and medium size business
owners, across many different industries, helping them make
choices that increase their bottom line.
There are a lot of things that need to be done before your
new business can open its doors.
The first thing every business needs is a plan. Business
plans serve as a roadmap for the first two to three years of
operations and often are required to be submitted to lending
firms before venture or operating capital will be extended
to the business owner. We will work with you to create a
business plan that includes preliminary spending budgets,
break even calculations, profit and loss forecasts and
After a complete business plan has been created, Steve will
work with you to select the most advantageous entity
structure, file new business applications with the federal
government and the state in which your business is located
and obtain your federal tax identification number.
Steve and his staff are also available to advise you during
your search for start-up capital. Working with a CPA prior
to making applications to banks and other lending
institutions can greatly increase your chance of credit
The next step is to evaluate assets required by the
business, including real estate and large ticket purchases.
We will work with you to analyze lease versus buy options
and develop an acquisition plan that minimizes the tax
impact purchases have on your bottom line. SGS staff can
also advise you when negotiating contracts with material
suppliers and service vendors.
Next we will work with you to set up your federal tax
accounts that require quarterly estimated tax payments. Tax
status elections, planned deductions, state tax planning and
payroll tax filings will all be handled for you by SGS.
To minimize the stress of managing your ongoing accounting
responsibilities, Steve will work with you to choose and
implement an accounting software package that best fits your
business, decide which monthly accounting functions will be
handled by your internal accounting staff, set up a plan for
accounting functions that will outsourced and begin planning
for the creation of year end financial statements, tax
filings and any other financial reports that need to be
released on a quarterly or yearly basis.