Monday 23 May 2016

David M. Daggett CPA - Three Things to Consider When Planning a New Business

Starting a new business often requires a lot of hard work and dedication. David M. Daggett is not just a Certified Public Accountant (CPA) in California, he is also a business owner. In 1987, he started his own accounting firm, and in 1994, he took over his grandfather’s company. He also started Gator Hawk Armor, Inc. He is a hardworking and successful entrepreneur. There are several factors that business owners and entrepreneurs need to take into consideration before starting a new business.

The most important factor you will need to take into consideration before starting a company is funding. You should either have the funds at your disposal, or you should work on obtaining investors. There are several startup costs involved in business. These include rent, utilities, employees, furnishings, product manufacture, and more. You should take the time to calculate out these costs so that you know how much money you will need to raise.

A second factor to consider is whether or not you will hire employees. If you decide to begin hiring employees, you will need to add their wages to your expenses. You will also need to look into setting up employee benefits. A third factor you will need to take into consideration involves your business taxes. You should consult with a CPA as soon as you open your new business. It is important for you to know what paperwork you should be saving for tax season. David M. Daggett is a hardworking and successful CPA and business owner.