Retailers Forum Magazine AUG 2014 | Page 98

FORUM WORKSHOP Forum Workshop 9 If you and your employees are covered by a 8 spouseʼs plan, yes. But if you and your employ• ees are single, or not covered, itʼs going to cause problems. Itʼs one of those minimum A benefits that good people shop for when they U are looking for employment. You might be able Y G to join an association and qualify for group U S rates. Ask your agent. T T Tax Preparation Fee a at 2 0 1 Certified Public Accountants (CPAs) provide P PA 4 professional advice for the new business that is operating ethically. Lawyers solve problems. If you want to avoid a lot of problems, hire a CPA right away. Have him or her set up your P PA accounting system, which can be as simple as categories on a green ledger sheet. For a fixed fee, your CPA should agree to provide tax P PA forms and reports, as required, for the IRS and the state; and notify you when and how much tax you owe for quarterly payments, Social Security, and unemployment insurance payments. You should do the rest of Y your information collection and analysis yourself at first. As your company grows, you might consider using other professional accounting services, like bookkeeping on a time-share computer system to generate reports and analysis. continued.. High Quality Silk Screened $6 T-Shirts! Special for Retailers any 10 for $50 F O R U M Mix and Match Great variety for all Size Stores www.6BuckShirts.com