The post How To Put Together A Professional Team For Your Small Business appeared on BitcoinEthereumNews.com.

Your time is valuable, and so is doing things right. So get yourself a payroll service, bookkeeper, tax preparer and insurance broker–and keep multiple lawyers on speed dial. getty When my husband and I opened our law firm, we were confident. We had a name, a business plan, office space, and a website. We had thought of everything—except paperwork. And more paperwork. We had not considered how much time we would spend sorting through canceled checks, bank statements, payroll stubs, and letters from various tax authorities regarding regulations. While, as a tax lawyer, I well understood that taxes needed to be filed quarterly, I hadn’t done the math: quarterly filings for federal, state, and local taxes meant 12 separate submissions a year, just for income taxes. We also had to file federal, state, and local payroll taxes (typically also filed quarterly), unemployment taxes, and business development taxes. We were required to register with the state and submit annual reports. When we changed the sign out front, we had to obtain approval from our local authorities and pay a fee. There was even a separate annual fee for having a private alarm company. We needed to maintain business liability insurance, professional insurance, workers’ compensation insurance, and health insurance. Did I mention that there were only two of us at the time? Running a business involves more than just flipping the lights on, especially if you want to do things the right way (and trust me, you do). This reality often conflicts with the amount of time you have to spend actually managing your business. What’s the solution? Surround yourself with good people. Not just capable employees, but a professional team dedicated to handling all the compliance issues so that you can focus on what you wanted to do in the first…

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Filed under: News - @ June 6, 2025 12:24 pm