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Foster Financial Group, LLC

We’re a “Green” Firm

Foster Financial Group, LLC, 11350 Random Hills Rd. Suite 330 Fairfax, VA 22030

If you are just beginning a new business, IRS regulations require you to obtain an Employer Identification Number (EIN) and choose the type of business entity you want. We can help you choose the entity that's best for you and get you an EIN while you wait. You will need to choose whether you want to form a C Corporation, an S Corporation, a Limited Liability Company, a partnership or a sole proprietorship.

Each entity form has its advantages and disadvantages both from a tax and from a business standpoint. Let us help you choose the right one for you.

Then, depending on the form of business you choose, we can help steer you through the forms and state agencies needed to formalize your decisions and to set up the proper framework for your new company.

We charge a flat fee of $250 for setting up your company entity.

Setting up Accounting Records

IRS requires that all businesses maintain financial records so they can, if called upon, show their income and expense numbers are correct and legitimate. The best way to do this is to set up accounting records for your new company that are easy to use.

Using either the very popular Quick Books program, or the program provided by our tax software company, we can get you started and be available to help any time you have problems. The software provided by our tax software company is easily exported into our tax software thus making your tax worries practically melt away.

Either way, we can help you not only comply with IRS regulations but also learn more about what makes your new company profitable and where you can trim expenses.

Our fees for accounting services range from a flat fee of $350 to set up your records to an hourly rate of $135 for consultative visits.

Tired of all that paper? We are, too! We strive to eliminate all but the most essential paperwork from the world of taxes to help “green” our environment. We electronically file all eligible tax returns. We scan and electronically store in multiple protected locations copies of your returns and all backup documents you give us; thus, we can find and reproduce for you any tax document you may need in the future. We will even provide you a copy of your returns on a CD-ROM in Adobe *.pdf format—just ask and help us eliminate every last bit of paper from your tax life.