Self-Employment and Start-Ups
Whether you’re launching a start-up, branching out as a freelancer, or starting a new side gig, self-employment and entrepreneurship can bring both greater flexibility and greater responsibility. Ullrich Delevati, CPAs supports entrepreneurs, and we have a strong history serving as trusted advisors for many privately-held businesses. Having grown from a small business ourselves, we understand the unique challenges of establishing a business and we recognize the importance of building a strong financial foundation.
Self-employment requires you to take responsibility for all financial, legal, and governmental business requirements for your work. These responsibilities initially include business entity selection, obtaining any necessary licenses and permits, completing tax information, and obtaining your tax identification number. You will also need to select an accounting system, set your charts of accounts, and create your budget. On an ongoing basis, your monthly duties include invoicing clients, documenting all financial transactions, filing tax documents, maintaining licensing requirements, payroll, and taxes. We know how overwhelming this can be for new business owners and offer a full range of financial and tax services for start-up businesses and individuals who are self-employed.
Our financial and accounting services for self-employment and start-ups include:
- Business entity selection (Sole Proprietor, Single Member LLC, Partnership, C Corporation, S Corporation)
- Business entity set up
- Application for Federal Tax ID #
- Assistance with local licensing and permitting requirement
- QuickBooks set-up, training, and ongoing support
- Setting up chart of accounts
- Bank requisitions
- Sales payroll tax reports and filings to include Form 1099’s
- Identifying business expense deductions
- Depreciation and amortization schedules
- Tax advisory services
- Business consulting services
- Paperless document management
- Virtual appointments
We also provide comprehensive advice and offer the following consulting services for early stage and start-up companies:
- Financial Modeling
- Tax Planning and Preparation
- Financial Reporting & Forecasting
- Cash Flow Analysis
- Business Valuation Services
- Outsourced Controller Services
- Bookkeeping
Our CPAs are experts at business accounting, tax laws, and deductions, and we provide a full range of financial and consulting services for entrepreneurs and start-ups using cloud-based solutions. We’re here to alleviate the stress of managing a new business and support you with financial management, operational compliance, and focus driven services that deliver desired results. From business entity selection, charts of accounts, and bookkeeping to compliance, tax preparation, reporting, and payments, Ullrich Delevati, CPAs, is here to support you and your new business.
Contact us here or give us a call today at 530-666-6671 to gain clarity and peace of mind about your self-employment and start-up tax needs.