New Year, New Start. City Business Solutions Share their Beginners Guide to Business

    CHICAGO, IL, January 11, 2015 /24-7PressRelease/ -- The New Year often drives budding entrepreneurs across the world to take the plunge and embark on their own business ventures. As well as boosting innovation these new business are vital to the recovering economy as they provide much needed funding to both local communities and the nation as a whole. 2014 saw a huge boost in entrepreneurship across America and as a result consumer spending and small business confidence rose to its highest figure since the recession. However, as more small businesses enter the marketplace, City Business Solutions are keen for business owners to take steps to ensure they don't sink into obscurity due to an over saturated marketplace.

About City Business Solutions: http://citybusinesssolutionsusa.com/about-us/

To ensure 2015 continues to support the US's entrepreneurial spirit and that new business owners start off on the right foot, City Business Solutions have shared their must read beginners guide to business:

Registering a new business
The first step to launching a successful venture is to register the business with the state government. This only needs to be done if the business owner is choosing a name that differs from their own personal name. This legal business name is required on all government forms and applications, including your application for employer tax IDs, licenses and permits; therefore it's important to make registering a priority.

Accountancy
Keeping track of finances may seem fairly simple in theory, however costs can quickly spiral causing business owners to feel lost and out of their depth. Although it may seem like a good idea to save of accountancy fees in the early days of business, City Business Solutions believe it's important for businesses to assess which tasks they can manage themselves and then seek expert help with the more in-depth, specialized financial tasks.

Tax
As well as business taxes, small businesses are required to pay taxes to the federal government and both local and state taxes. The tax laws for businesses vary from state to state so it's incredibly important for business owners to conduct the correct research before registering their businesses to avoid running into problems in the future. The most common taxes incurred by businesses are income tax and employment tax. Income tax is dependent on the legal structure of the business in which sole traders report their personal and business taxes together, whilst limited companies get taxes separately from their owners. Employment tax is required by all states, and covers compensation and unemployment insurance however some states, such as California for example require small businesses to pay for temporary disability insurance too.

City Business Solutions is an outsourced direct sales and marketing firm based in the centre of Chicago. The firm represent a wide range of companies from City Business Solutions represents large multinational corporations to Non-profit organizations, all looking to increase their exposure and boost their sales. Through face to face customer interactions, the firm help their clients to reconnect to their consumers and build strong and long lasting relationships. These relationships help their clients to increase their sales and customer acquisitions which allow them the means to grow and expand their businesses and achieve longevity in the marketplace.

City Business Solutions specialize in a personalized form of marketing because they believe this offers a greater ROI for their clients.

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