Crafting the Blueprint for Your Business Success

Venturing into entrepreneurship? Starting your own business is thrilling, but long-term success demands sustained enthusiasm. As an entrepreneur, you’re probably a “Big picture” person with a vision. You’d rather not deal with nitty-gritty details like choosing a business entity, sales and payroll tax, or accounting systems that help you manage cash flow.

At IRS Masters, We offer comprehensive assistance, including crafting business plans, securing startup capital, choosing the right business structure, and providing financial and operational support to fit your needs.

In the U.S., there are several types of business formations, each with its own legal structure, tax implications, and liability protections.

Whether you’re starting a new venture or reorganizing, Our Expert Team is here to help with:

1. Determine which business entity best meets your goals and minimizes tax liability
2. Partnership agreements
3. Prepare a cash flow budget
4. Create a business plan to help you secure financing (if needed)
5. Set up an accounting system using software that works for you
6. Create billing systems and implement policies and procedures for collections
7. Make sure you are compliant with state, local, and federal tax laws such as sales and use tax, payroll tax, and Federal EIN (Employer Identification Number)
8. Prepare annual tax returns and quarterly estimated taxes as needed
9. Assist you in filing paperwork for state and local licenses and permits as required
10. Assess your business insurance needs

Business Licensing

Our services encompass expert guidance and support in securing and processing various licenses and permits, including:

1. Municipal Business Licenses (BPOL) for VA, MD, and DC, covering counties, towns, and cities.
2. State Minority Certifications and Minority Licenses for VA, MD, and DC.
3. Federal 8(a) Licenses (SBA).
4. Department of Transportation (DOT) Registrations for VA, MD, and DC.
5. Health Department Licenses and Permits for Food Service Businesses in VA, MD, and DC.
6. Peddlers Permits in VA, MD, and DC.
7. Child-Care Business Permits and Licenses in VA, MD, and DC.