Whats Underrated And Whats Overrated In Starting A New Business In Nyc

Its no surprise that I would state that finding a good NYC bookkeeper is very important to success in starting up a business in the tri-state area

. Its not just getting a bookkeeper thats important; its finding the right NYC bookkeepers that can work well with an inexperienced clientele. Finding that is so underrated towards heading towards success. Whats really underrated is a NYC bookkeeper that has a good deal of experience with both start-ups and in a vertical it is a good way to initially cull down the many possible offerings to choose from. The initial pool of possible selection of NYC bookkeepers needs to be narrowed down and that can be a good way to do it. Ending up with an inexperienced bookkeeper that may not have the knowledge necessary to help a start-up can be a disaster waiting to happen.

What is overrated are finding bookkeepers that have long pedigrees from expensive colleges and work with many famous huge clients. Many partners that attended Ivy League school provide false comfort because those types of companies dont provide great customer service and wont spend a ton of time with a new client that needs it. In that case, the customer is paying for a resume, but they wont get their questions answered, they wont have a warm and friendly experience with their accountant and theyll wonder where their expensive fees are going.

Finding a company specializing in start-ups is extremely underrated as has been stated above. Its also crucial to have NYC bookkeepers with strong tax experience and the knowledge of how to help a new business avoid common landmines that lead to tax issues. Simply, this is because these companies often make foolish tax choices and dont have the proper representation when the problems come home to roost. Having a good NYC bookkeeper that has good experience working with similar start-up businesses that have faced these tax issues is majorly important. An NYC bookkeeper or attorney that walks into the IRS audit without a ton of experience will be in over their head and wont be able to offer the best representation that is so critical.

Another underrated issue is the status of the US economy, which does a lot to determine the issues faced by new start-ups. A bad economy only exacerbates the potential pitfalls that these companies face and stress increases which can hurt the business side of things as well. In a bad economy, like ours now, a business succeeding or failing can often come down to one or two key decisions made and often one of these is what financial representation they work with. So many similar businesses are all targeting the same customers and a favorable tax arrangement can set apart two companies that are otherwise really close. For New York businesses trying to compete in the very difficult tri-state area, it is imperative for businesses to have the best financial representation, that isnt underrated or overrated its just a necessity.

by: Gavin Harrison

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