A new business. It’s exciting, empowering and intimidating…all at once. You’ve had the courage to step up, pursue your dreams and show the world what you can do. At the same time, it’s all on your shoulders – the successes and the setbacks. You may be an expert in your field, but can you operate a profitable business?

Unfortunately, what you don’t know can hurt you now. New businesses have a high failure rate, and for good reason. There are so many details about running a company that no book can tell you. Often, new business owners make too many costly mistakes too soon in their startup phase. And they never recover.

That’s why you need Ablon and Co. In our decades of operations, we’ve worked with hundreds of startup businesses across all fields. We’ve seen the most successful practices and the most debilitating mistakes.

Our CPAs – each with decades of accounting experience – can guide you through the critical decision points that can determine your success or failure:

Entity Selection: Should you incorporate or not? LLP or P.C.? S-Corp or C-Corp? While there are plenty of resources that can provide guidelines, the best decision must be a personal one, based on your business goals, personal goals and circumstances. Businesses can change entities during operations, but this can be expensive and complex, so making the right decision out of the gate is best.

Bookkeeping: Inaccurate bookkeeping can destroy your business. Failure to record and bill for services, or unrecorded vendor invoices, can lead to lost revenue and poor business planning. While many entrepreneurs choose to do their own bookkeeping, this decision can be costly or even fatal – with so many things on your mind and your “to do” list, entrepreneurs are most likely to make mistakes.

Accounting Software: While all accounting software provides the basics, some packages are better than others for particular entity types or industries. Do you know the difference? Let Ablon and Co. help you determine and setup the right package for your business.

Tax planning: Like most entrepreneurs, you’re probably focused on gaining customers, meeting their expectations and growing the business. Yet smart tax planning can save you thousands of dollars on the bottom line. And often, tax preparation time is too late to make tax optimizing decisions. Ablon and Co. can help you look ahead at how your business can keep more of the revenue you generate.