New Business Set-Up in Hagerstown, MD
K&A Accounting Provides Consultations, Guidance, and Services to Start-Ups
Receive full service new business set-up in Hagerstown, MD, and the surrounding area with K&A Tax & Accounting. We help start-up companies get employer ID numbers, comply with government regulations, register with the state, as needed, and more. Contact us online or by calling (240) 591-8968 for an initial consultation with our knowledgeable and helpful staff. In addition to helping new businesses, we prepare individual taxes and offer business tax planning. For businesses, we also provide services such as:
A Few Basic Steps to Follow When Starting Up a New Business Endeavor
New businesses need to have an Employer Identification Number (EIN,) also known as a Federal Tax Identification Number. The federal government uses an EIN to identify a business. Deciding on the business type is also an important step. Among other factors, the business type determines the income tax return form. The most common types of businesses are:
- Sole Proprietorships
- Partnerships
- Corporations
- Limited Liability Companies (LLCs)
Decide on a Tax Year for Your New Business
When deciding on a business structure, we recommend considering all legal and tax matters. Another step is deciding on a “tax year.” A “tax year” is a yearly period for keeping accounting records. Businesses need to figure taxable incomes on the basis of their tax years.
There are two types of tax years. A calendar year is 12 sequential months beginning January 1 and ending December 31. A fiscal year is 12 sequential months ending on the last day of any month except on December 31. K&A Tax & Accounting can help with these and other new business startup matters.
Financial and Accounting Services Made Available throughout PA, WV, and MD
Whether you are starting up a new business or just need our help with your existing business payroll, contact us. Our payroll experts and financial services staff can help with most tax and accounting needs. We proudly and thoroughly service clients in and around:
