Released January of each year

CFS Small Business Tools contains over 150 modules essential to starting, running, and terminating a small business, with the same convenient interface as our other "toolbox" programs.

Small Business Tools includes:

• Corporate and Individual Federal/State Tax Planner — Five year projections or five separate scenarios may be entered and viewed at one time. Includes calculations for AMT tax and input for state tax rates and minimum corporate tax. Includes:
  
  
• Templates for preparing a comprehensive business plan, accountable reimbursement plans, independent contractor agreements, minutes and bylaws of a corporation.
  
  
• Checklists for starting a business, preparing partnership and LLC operating agreements and liquidating a corporation.
  
  
• Utility modules such as Auto Lease vs. Buy, Paycheck Withholding Calculator, MACRS Depreciation, and Cash T Analysis.
  
  
• Corporation and Partnership forms for preparing simple tax returns.
  
  
• Other Federal forms such as Application for Federal Identification Number, S Corporation Election, and Power of Attorney.

General Utilities and Calculations:

• 5 Year Corporate Federal/State Tax Planner
• 5 Year Individual Federal/State Tax Planner
• Accountable Business Exp.
• Auto Lease vs. Buy Comparison
• Auto Mileage and Expense Log
• Reimbursement Plan
• Bank Reconciliation
• Business Plan (simple)
• Business Plan (full)
• Buy vs. Lease-Equipment
• Bylaws of Corporation
• Cash T Analysis
• Checklist: Corporation Liquidation
• Checklist: LLC Operating Agreement
• Checklist: Partnership Agreement Planning
• Checklist: Starting a Business
• Client Contact Log Sheet
• Client Filing Due Date Reminder
• Client Filing Instructions (2)
• Employee Expense Report (Blank) (2)
• Employee Time Sheet
• Fax Cover Sheet
• General Ledger
• Hiring Your Dependent Child
• Income Statement - Tax/Financial
• Independent Contractor Agreement, Corporation
• Independent Contractor Agreement, General
• Invoice
• Individual 401(k) Plan Contribution
• Keogh/SEP Plan Contribution (2)
• Label Maker (IRS/State/Custom/Client)
• MACRS Depreciation
• Minutes: Bank Resolution
• Minutes of Annual Shareholder's Meeting
• Minutes of Director's Annual Meeting
• Minutes of First Meeting of the Board of Directors
• Minutes: Special Meeting Waiver of Notice
• Missing Information Sheet
• Net Worth Statement
• Partner's Basis Worksheet
• Partnership Agreement
• Paycheck Withholding Calculator
• Promissory Note
• Quick Memo
• Self-Insured Medical Reimbursement Plan
• Shareholder's Basis Worksheet
• Statement of Account
• Statement of Prop. Trans. to a Corp... (IRC Sect. 351)

Flowcharts:

• Office in Home
• Payroll Deposits

Federal Forms:

• 966 (Corporation Dissolution or Liquidation)
• 1040-ES (Estimated Tax for Individuals)
• 1065 (U.S. Partnership Return of Income, 2004 - current)
• 1120 (U.S. Corporation Income Tax, 2004 - current)
• 1120A (U.S. Corporation Income Tax, 2004 - current)
• 1120S (U.S. Corporation Income Tax Return for an S Corp., 2004 - current)
• 1128 (App. to Adopt, Change, or Retain a Tax Year)
• 1139 (Corporation Appl. for Tentative Refund)
• 2553 (S Corporation Election)
• 2848 (Power of Attorney)
• 3115 (Change in Accounting Method)
• 4562 (Depreciation and Amortization, 2004 - current)
• 5500-EZ (Ann. Ret. of One-Part. Retirement Plan)
• 5558 (App. for Ext. of Time to File Certain Empl. Plan Rets.)
• 7004 (Business Entities Extension)
• 8109-B (Federal Tax Deposit Coupon)
• 8300 (Report of Cash Payments>$10,000)
• 8594 (Asset Acquisition Statement)
• 8822 (Change of Address)
• 8832 (Entity Classification Election)
• I-9 (Employment Eligibility Verification)
• Schedule K-1 (Form 1065 - Partner's..., 2004 - current)
• Schedule K-1 (Form 1120S, 2004 - current)
• SS-4 (Application for EIN)
• SS-8 (Determination of Employee Work Status)
• W-4 (Employee Withholding Allowance Certificate)
• W-9 (Request for Taxpayer ID Number)
• Generic Tax Form Attachment Page

State Forms:

• 100 (Corporation Income Tax, 2004 - current - CA)
• 100S (Income Tax Return for an S Corp., 2004 - current - CA)
• Schedule K-1 (Form 100S..., 2004 - current - CA)
• 100-ES (Corporation Estimated Tax - CA)
• 540-ES (Estimated Tax Ind. - CA)
• 565 (Partnership, 2004 - current - CA)
• Schedule K-1 (Form 565..., 2004 - current - CA)
• 3520 (FTB POA - CA)
• 3522 (LLC Tax Voucher - CA)
• 3533 (Change of Address - CA)
• 3537 (LLC Extension Filer - CA)
• 3538 (LP/LLP/REMIC Extension Filer - CA)
• 3539 (Corporation Extension Filer - CA)
• 3555 (Request for Tax Clearance - CA)
• 3557 (Application for Certificate of Revivor - CA)
• Articles of Incorporation - CA
• BOE-65 (Close-Out for Seller Permit - CA)
• BOE-392 (POA - CA)
• BOE-400-MCO (Application for Seller's Permit - CA)
• BOE-400-MIP (Application for Seller's Permit - CA)
• CA Diss Stock-Sort Form (Cert. of Dissolution)
• Certificate of Dissolution (Single Stk Diss 100% - CA)
• Certificate of Dissolution (Stk Diss - CA)
• Certificate of Election to Wind up & ... (Stk Elec - CA)
• CT-34-SH (S Corporation Shareholders' Info Sch., 2003 - current - NY)
• CT-4 (General Business Corp. Tax Return Short Form, 2003 - current - NY)
• CT-4-S (S Corp. Tax Return Short Form, 2003 - current - NY)
• CT-6 (Election by a Small Business Corporation - NY)
• DE-1 (Application for EIN - CA)
• DE-4 (Emp. W/H Cert. - CA)
• DE-24 (Change of Address - CA)
• DE-34 (New Employees - CA)
• DE-48 (Power of Attorney EDD - CA)
• DE-542 (Report of Independent Contractors - CA)
• LLC-1 (LLC Articles of Organization - CA)
• LLC-1A (LLC Articles of Organization - Conversion - CA)
• LLC-12R (LLC - Statement of Information - CA)
• LLC-3 ( LLC Certificate of Dissolution - CA)
• LLC-4/7 (LLC Certificate of Cancellation - CA)
• NYC-4S (City General Corp. Tax Return, 2003 - current - NY)
• NYS-100 (Emp. Reg. for UI, W/H, and Wage Rep. - NY)
• POA-1 (Power of Attorney - NY)
• SI-100 (Statement by Domestic Nonprofit Corporation - CA)
• SI-200 (Statement by Domestic Stock Corporation - CA)
• SI-350 (Statement by Foreign Corporation - CA)

Publications (in PDF Format):

• 1038 (Instr. for Corps. Req. Tax Clearance... - CA)
• 15 (Circular E, Employer's Tax Guide)
• 15-A (Employer's Supplemental Tax Guide)
• 334 (Tax Guide for Small Business)
• 533 (Self-Employment Tax)
• 541 (Partnerships)
• 542 (Corporations)
• 560 (Retirement Plans for Small Business)
• 583 (Starting a Business & Keeping Records)
• 587 (Business Use of Your Home)
• FTB 1038 (Inst. for Corp. Request a Tax Clearance... - CA)
• FTB 1149 (Terminating a Corporation - CA)
• FTB 1151 (Terminating a Business Entity - CA)

Starting a Business Checklist

Disclaimer: This checklist is provided to help you start your business. Due to the various policy and legislative changes that occur frequently, some of these steps may not apply to your business. Additionally, there may be other steps that are required by your business that are not covered here. As always, legal counsel is strongly advised.

• Choose a business.
• Research the business idea.
• Consult your tax professional regarding tax aspects of various business entities.
• Consult an attorney regarding federal and state laws governing creation, ownership, and operation of the entity.
• Write a business plan and marketing plan.
• Choose a business name.
• See if the business name is available for use as an Internet domain name. Register the domain name even if you aren't ready to use it yet.
• Choose a location for the business.
• Check zoning laws.
• File partnership, corporate or limited liability company papers.
• Contact the Internal Revenue Service to apply for your federal identification number and for filing your federal tax schedules.
• Apply for state employee identification number if you will have employees.
• Find out about worker's compensation if you will have employees.
• Apply for sales tax number if needed.
• File state tax forms.
• Check to get any required business licenses or permits. Register or reserve federal trademark/service mark. Register copyrights.
• Apply for patent if you will be marketing an invention.
• Order any required notices.