Starting a Business?
3 Things You
a new business is a very exciting and busy time.
There is so much to be done and
so little time to do it in. If you expect to have employees,
there are a variety of federal and state forms and
applications that will need to be completed to get your
business up and running. That's where SMEED can help.
1) Employer Identification
Securing an Employer
Identification Number (also known as a
Federal Tax Identification Number) is the first
thing that needs to be done, since many other forms require
it. EINs are issued by the IRS to employers, sole proprietors,
corporations, partnerships, nonprofit associations, trusts,
estates, government agencies, certain individuals, and other
business entities for tax filing and reporting purposes.
The fastest way to apply for an
EIN is online through the IRS website or by telephone.
Applying by fax and mail generally takes one to two weeks.
Note that as of May 21, 2012, you can only apply for one
EIN per day. The previous limit was 5.
2) State Withholding,
Unemployment, and Sales Tax
Once you have your EIN, you need
to fill out forms to establish an account with the State for
payroll tax withholding, Unemployment Insurance Registration,
and sales tax collections (if applicable).
3) Payroll Record Keeping
Payroll reporting and record
keeping can be very time consuming and costly, especially if
it isn't handled correctly. Also keep in mind, that almost all
employers are required to transmit federal payroll tax
deposits electronically. Personnel files should be kept
for each employee and include an employee's employment
application as well as the following:
Form W-4 is completed by
the employee and used to calculate their federal income tax
withholding. This form also includes necessary
information such as address and social security number.
Form I-9 must be
completed by you, the employer, to verify that employees are
legally permitted to work in the U.S.
If you need help setting up the
paperwork for your business, give us a call at 925-634-2344.
Letting our experts handle this part of your business will
allow you to concentrate on running your business.
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using the Internet and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
click here to go to our Google Listing for SMEED CPA.
Scroll down to the Review area.
It may say: Been here?
Rate and review
You will click on the Rate and
review link and then log into Google, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,