Intial Steps to Start a Business with the Help of Accounting Software
MYOB Accounting Software is a popular accounting software for small & medium enterprises. Here at Onestopaccounting, we provide MYOB Accounting Software. (You can refer to to our accounting software page for the features) It is a simple and easy to use accounting software. It provides both Traditional Chinese and English interface, enables multi-currencies handling, produces Employer’s Returns IR56B for submitting to Inland Revenue Department. MYOB software is the designated accounting software adopted for LCCI Level 2&3 and Accounting & Computerized Accounts of HKIAAT.
Before you launch the business off the ground, start planning the ideas for marketing, sales, and branding efforts. Because social media is used by much of the U.S. population in most age groups and continues to grow in popularity globally, having an online presence is key.
Create a Facebook page, Twitter profile, Google+, and LinkedIn page for your business, depending on the appropriate social media channel for your company. For instance, a dry cleaner may not find a LinkedIn page useful but could connect well with a local community on Google+ and Facebook. Be sure all your web pages have a cohesive feel and are updated regularly.
All other communications with your clients should have a cohesive feel. Use the company’s brand colors and logo to create business cards, letterhead and email signatures to demonstrate to customers a professional operation.
Not setting up proper accounting, bookkeeping and tax records up front can be dangerous and costly to a business in the long run. Set up the business as an limited liability company, an S Corp or whatever structure fits best to protect personal assets. Use onestopaccounting software or Singapore accounting software that make it easy to export records when doing taxes.
Hire an accountant for your business who can ensure that taxes are done correctly. While doing your own business taxes can be relatively easy when running a solo business, laws and regulations vary by state. Consult with an expert to make sure you’re in the clear.
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