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NYC Businesses: The Importance of a Startup Tax Accountant

The startups do not understand the value of having a startup tax accountant in NYC. Factually, it is not possible for small business owners to cope with the accounting issues. They can deal with these issues only with a professional accountant. Therefore, Tax King Service, a renowned accounting firm, provides accounting services for businesses through its expert startup tax accountants in New York with a small setup and those just starting up. We cater to the state of New York, as that is where we are located. Our area expands to New York City and its five boroughs: Manhattan, Bronx, Brooklyn, Queens, and Staten Island.

Our primary services are personal tax preparation, business tax preparation, tax extension service, accounting services, etc. We have some of the best startup tax accountants in NYC present in our esteemed firm.

Why Do Startups Need a Small Business Accountant?

Startups tend to prefer something other than an accountant as they consider it an added expense. However, there are many pros to having a startup tax accountant; if you are aware of them, you will not think twice about hiring one. Some of the positives are mentioned below:

Accountants attract investment.
A startup needs a proper investment, and our startup Accountants in NYC help achieve this target.
Having an accountant adds to the legality of your company.
It also shows that you are serious about your financials and are willing to be transparent about any expenses you make.
Tax accountants do more than file taxes. So, it is a misconception that the primary job of an accountant is to file taxes.
Factually, it is one of the descriptions of an accountant, but it is not all that they do. An accountant helps keep all your records maintained in an orderly manner by bookkeeping.
Accountants also provide CFO services to help you manage the entire financial sector of your startup. This way, you can have one less thing to worry about.
Accountants save you precious time. It means, as a startup owner, you can outsource some very hectic tasks that can be challenging for you.
If you have to look at the finances, the products, and the customer service, you are bound to not only exhaust yourself but also become demotivated to run your startup.
A startup tax Accountant in NYC can help you save up on time. So, you can give time to other parts of your company.
Taxes are hard to do. You will understand it once you start to do your taxes. Filing tax returns and other tax-related tasks is challenging, and you must have a professional tax accountant to deal with all these issues. It is best to leave this work to professionals to avoid errors. More importantly, you can complete your accounting tasks as per the law.

What Services Do We Offer to Startups?

Tax King Service offers many services. Realistically, some are specific to businesses, while others are suited for individuals. We have the solution for your accounting and tax problems. The services that we offer to the startups mainly are:

Tax services

One of the main things that need to be done by any business is to pay taxes on time. We help you prepare business taxes. So, you can quickly meet the deadline provided by the government. We also have income tax preparation, as you must maintain proper income records from the very beginning. We also have a tax extension service. So, in case you cannot make the deadline, you do not face heavy fines or worse consequences.

Entity formation services

Our accountants help create your tax ID. This way, you can genuinely start paying taxes. We also have tax advisers to guide you on minimizing taxes. Moreover, our senior startup tax accountants also help decide whether you should become an S corporation or a C corporation according to your financial background.

Accounting services

We have some of the best workings in our firm, and we provide you with different small business accounting services, such as payroll services, CFO services, and bookkeeping services. All these services are beneficial as our bookkeeping services will help you maintain your records correctly. On the other hand, a CFO can manage all the financial aspects of your startup, and opting for the payroll service will ensure that you pay any employees on time.

So, if you are a startup focusing more on other essential tasks by leaving accounting and tax services for us, we ensure you will develop yourself as a brand well before your expected time.

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