K & M Accounting and Tax Services L.L.C. |
Phone: (704) 502 3960 |
Challenging times demand new approaches for greater success. |
New Company Start-up ConsultationNew businesses drive the growth in the Charlotte and Carolinas economy. KM accountant offers entrepreneurs in and around Charlotte free consultation to set up new company tax and financial structure, new business organization based on their business model, industry, growth projections and potential tax implications.
While you focus on building the future, we help structure the tax and financial stability to meet future requirements. We are in business to build long term relationships and future of Charlotte. |
Client Testimonial “We called KM Accountant in Charlotte for the free consultation and found them to be very friendly and helpful. Even after the initial one hour free consultation session, they helped us out and answered several questions while we were forming our corporation. They also helped us set up sound processes for accounting and payroll. We are very pleased and would recommend their services.” MORE> |
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How to Set Up a New Business Step-by-Step Instructions to set up new business
Home Office Deduction
New Business Plan
Young Entrepreneurs Tax Resources |
Ballantyne Corporate Office 15720 John J Delany Dr, # 300 Charlotte, NC 28277 |
Contact for a FREE Consultation |
(704) 502-3960 |
New Business Set-up: Frequently Asked Questions
If you are a small business owner or self-employed you have to make several decisions starting from the right business tax structure to maintaining your books of accounts. Here are some examples of commonly asked questions by new business owners regarding setting up the new company: Q: Is it important to consider all types of business tax structures for my new company, even though it is just a small business?It is advisable to compare all business tax structures and their tax treatments before starting your business to save tax dollars and choosing the right business tax structure for you. The tax implications for your new business will have direct impact to your personal taxes and wealth.
Q: I am starting a new small business in online sales, can I set up my business as a Sole Proprietorship? What are the advantages or disadvantages of Sole Proprietorship for new company set up?Sole proprietors pay tax on their business income on their personal income tax return. The IRS calls it "pass-through" tax as business profits pass through the business and are taxed on the personal income tax return.
Q: I am planning on starting a new IT Consulting company and considering an S Corp structure for my new business. Can you explain what the tax effect of the S Corp will be on my new company as well as my personal income tax?S Corporations are eligible domestic corporations which can avoid double taxation (once to the shareholders and once to the corporation) by electing to be treated as an S Corporation. S corporations are exempt from federal income tax except on certain income from capital gains and passive income.
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Disclaimer - The information contained on this website is for general purposes only. K & M Accounting and Tax Services L.L.C. a charlotte tax consulting company provides the information and tries to keep it up- to – date and accurate but we make no warranties and representations of any kind (written or implied) about the reliability, accuracy, suitability, completeness and availability with respect to the website and the information, services, products or graphics on the website. Any reliance you place in the information posted is therefore strictly at your own risk. |