Schenectady Business Formation Planning
Helping You Build the Foundation for a Successful Business
Mark D Witecki CPA CFP® CFE® EA CCFS® CDFA®, provides services for new businesses, helping entrepreneurs develop their enterprises and establish financial success. Selecting the right business entity during the formation process directly affects the tax plan of client’s businesses, which is why Mark Witceki’s new business formation services are centered around tax planning and filing strategies. To schedule a consultation, contact Schenectady business accountant Mark Witecki CPA, today.
Support for Business Ventures: Developing Strategies for Success
The decision to take on a business is exciting, but there are essential processes that must be completed to ensure a steady foundation for success. Mark assists new business owners in establishing their enterprises by first educating them on the choice of entity and how it impacts their business tax plan.
Entity Selection and Tax Compliance
A business’ chosen entity comes with specific tax implications. Understanding how company structure affects tax filing is important to determine for limiting risks and reducing tax liability. If considering a sole proprietorship, all assets, liabilities, and income are accounted for on the business owner’s individual tax return. However, a limited liability company (LLC), is considered a separate entity, but any income from the company is paid on the personal tax returns of the owners. LLCs are treated as partnerships for federal taxes, but not always for state tax purposes. With Mark Witecki’s experience as both an Enrolled Agent and CPA, he helps his new business clients remain compliant with all local, state, and federal tax laws.
Business Planning and Acquiring Financial Support for Your Venture
Developing a proper business strategy is essential to the financial success of any enterprise. Mark helps clients consider a business plan that includes a proactive tax strategy to effectively reduce taxes and keep more money circulating within the business. During the formation of a new company, monetary support may be necessary to start the venture. Whether this is through bank loans for small businesses or angel investors through friends and family, keeping track of this income is necessary for accurate reporting and a compliant tax season.
Our Schenectady CPA assists in gathering all the documents necessary to complete your business formation. From Federal Tax IDs, known as the EIN, to state tax IDs and any corresponding tax documents that coincide with choice of entity, Mark Witecki CPA coordinates all processes involved in business tax setup.
Developing Successful New Businesses - Schedule a Consultation Today
Mark Witecki, CPA, provides experienced assistance for all his new business clients to ensure their businesses financial and organizational success. Contact him today to schedule an initial appointment!