(207) 324-8616 | john@yrlgroup.com

Business Foundation Services

Business Foundation Services

If you are a new business owner or if you are starting a second business, we can provide the expertise and guidance that we know small businesses need in order build a strong foundation for their future. Our firm can guide you through the process of entity selection, provide valuable tax planning advice, and help you set up your accounting systems to most easily operate your business.  Let our firm set you up for long-term success with a strong foundation to build and grow upon.

 

We'll ensure that you:

  • Are operating under the right business structure 
  • Have your accounting system properly set up so you can effectively manage your business
  • Learn proper record keeping guidelines to capture all income as well as expenses to minimize your taxes
  • Follow best practices to minimize the potential for an IRS Audit
Our Business Foundation Services include:  
Entity Selection
Sole Proprietorship, Partnership, S Corp, C Corp and LLC
Benefits of each
Recommended Entity Selection
Business Owner Education  
Separate Business and Personal accounts
Budgeting
Paying yourself
Recordkeeping
Employees vs. Contractors
Using your vehicle for personal use
Retirement Planning  
Retirement plan options
Plan selection and setup
Accounting Software System Setup & Training  
Accounting system (QBO)
Chart of accounts setup
Linking bank accounts and credit cards
Day to day use
Payroll (QBO)
Proper setup
Running your payroll
Advice on Receivables & Point of sale systems
Advice on Business/Practice Management systems
Receipts & Invoices
Paying Bills

In three easy steps, our team can help you
find your path to a sustainable, profitable business
and more individual freedom.

 

BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.

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 Our Specialties

Restaurants

Our professionals have years of experience serving this niche—providing tax and accounting services to clients that range from large fine-dining establishments to franchises and...

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Dental Practices

We are committed to helping you achieve financial success within your dental practice. We understand the difficult balance of managing your practice and delivering high-quality patient care. Outsource your accounting duties...

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Construction

With extensive experience providing full-service accounting to the construction industry, we are intimately familiar with your day-to-day operations, the need for accurate financial data, and the...

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Convenience Stores & Gas Stations

We understand that convenience store and gas station businesses are unique—having to deal with complex inventories, numerous forms, and always looking for ways to optimize operations and...

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