Practical Taxes Can Help with your Business Consulting Needs

As an entrepreneur, you have a thousand different thoughts going through your head at any given moment. You are busy with all of the logistics of getting your idea from idea stage, to seeing the results of your labor. What you would rather not get bogged down with are the details of getting all of the business “stuff” in order. That is where an accountant in Billings, Montana, can help you. If you are trying to figure out business planning on your own, you are likely wasting your time.

What is Business Consulting?

Business consulting takes on a number of different components. Primarily, however, it entails getting your business set up with the proper structure so that you can maximize your tax liability. For instance, if you have a small business where you are the only employee, then you will likely want to set your business up as an LLC. However, if you have some partners, and you think you will be growing much bigger in the near future, you would want to look at getting set up as an S Corp. With so many different structures available, why waste your time figuring them out? Instead, A+ Accounting and Consulting can do that for you.

But even after you determine your business structure, there is much more to it. You have to file the appropriate paperwork with the city. And you have to file with the state. You then have to wait until you get your employer tax ID number. All the while you are losing precious hours that you could be pouring into your work and prepping your business to succeed. Let an accountant take care of the business planning side for you, while you focus on what you do best.

There is even more than just planning out the tax structure of your business that an accountant can help you with. When it comes to running an effective and lasting business, you need advice throughout the course of your career. You will need to understand whether it is better to write off the entire cost of a vehicle, or take the standard mileage deduction. You will need to know if spending thousands of dollars on marketing is a better use of your money than spending it on updating equipment. Your business consultant can help you figure out everything.

Besides all of that, your accountant will be able to file your taxes appropriately when the time comes.

Practical Taxes is a full service accounting firm in Billings, Montana. Everything from basic accountant services, to business consulting, to bank reconciliation; we can do it all. Get in touch today to find out more about how we can help your business grow!  Give us a call at 406-894-2090 to learn more.