Just Got Your Business Tax ID? Here’s Why a CPA Should Be Your Next Call

Starting a business is a big milestone—and getting your EIN (Employer Identification Number) is one of the first major steps. But once that business tax ID is in place, what should you do next?

If you’re a business owner in Tampa Bay, your next step should be calling an experienced CPA.  At Jeff Kurtz, CPA, we specialize in helping small business owners build a strong, compliant financial foundation from day one. Whether you’re running a startup, launching a side hustle, or opening a full-fledged company, getting professional guidance early can save you thousands in taxes—and help you avoid penalties that often come with doing it alone.

Here are 5 reasons why it’s so important to connect with a trusted CPA in Tampa as soon as you receive your business tax ID.

1. Once You Get Your EIN, the Clock Starts Ticking

As soon as your business receives an EIN, the IRS considers your entity active. That means you now have filing and payment responsibilities—even if your business hasn’t generated revenue yet.

Each business structure (sole proprietor, LLC, S Corp, etc.) comes with different filing requirements. And if you don’t file the right forms at the right time, you could face fines, penalties, or unnecessary tax liability.

When you work with a CPA early, we help you:

•             Understand your filing deadlines and requirements

•             Set up your estimated tax payments (if needed)

•             Avoid confusion and costly IRS letters down the road

If you’re located in the Tampa area, working with a CPA who understands Florida business compliance ensures nothing slips through the cracks.

2. Early Tax Planning = Smart Tax Savings

Here’s the truth: tax savings aren’t created during tax season—they’re created months in advance.

If you wait until the end of the year to sit down with an accountant, it’s often too late to take advantage of important tax-saving strategies. But by connecting with a CPA right after getting your business tax ID, you open the door to proactive planning.

At Jeff Kurtz, CPA, we help Tampa business owners:

•             Choose the best tax structure for their goals (like electing S Corp status)

•             Track expenses that are 100% deductible

•             Implement smart bookkeeping from day one

•             Avoid overpaying self-employment tax

3. Avoid IRS Penalties and Late Fees

The IRS and Florida Department of Revenue don’t offer much grace when it comes to late filings or missed payments. Even small errors can result in penalties that add up quickly.

Here’s how working with a CPA in Tampa helps you stay compliant:

•             We help you set up a calendar of tax deadlines (quarterly payments, payroll filings, annual returns)

•             We ensure you file all the right forms—state and federal

•             We keep you on top of Florida-specific business requirements

We’ve seen too many Tampa business owners come to us after receiving IRS penalty notices that could have been avoided with a 30-minute consultation upfront. Don't let that happen to you.

4. Set Up Your Books the Right Way—From the Start

Trying to retroactively clean up your books is expensive and time-consuming. Setting them up correctly from the start? That’s smart business.

At Jeff Kurtz, CPA, we help you:

•             Set up user-friendly accounting software like QuickBooks or Xero

•             Create a chart of accounts that’s easy to follow and IRS-friendly

•             Set up payroll (for yourself and future employees)

•             Establish the proper separation between business and personal finances

Having organized records not only helps during tax time—it gives you a clearer picture of how your business is actually performing.

5. A CPA Is More Than a Tax Preparer—They’re Your Year-Round Business Partner

A good CPA doesn’t just show up in April to file your taxes—they’re your strategic advisor year-round.

A small business CPA in Tampa should help clients:

•             Analyze cash flow and profitability

•             Budget for business growth

•             Plan ahead for future tax bills

•             Navigate major business decisions with confidence

When you build a relationship early with your CPA, you benefit from advice that’s informed, personalized, and proactive—not reactive.

Starting a Business in Tampa? Start Smart.

If you've received your EIN and are preparing to launch your business, now is the perfect time to reach out. Working with a local Tampa CPA ensures that your business is not only compliant, but also optimized for long-term growth and profitability.

Here’s how to get started:

•             Schedule a free consultation to review your setup

•             Let’s talk about your short- and long-term goals

•             We’ll create a step-by-step action plan to ensure your finances are in order and your taxes are minimized

Contact Jeff Kurtz, CPA – Tampa’s Trusted CPA for Small Business Success
📞 Call: (813) 708-6438
🌐 Visit: www.kurtzaccounting.com
📍 Proudly serving Tampa, Riverview, Brandon, and surrounding Florida communities

Your EIN is just the beginning. Let’s build something great together—with the peace of mind that comes from knowing your numbers are handled by a pro.

Disclaimer: The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Jeffrey Kurtz CPA LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Jeffrey Kurtz CPA LLC prior to taking any action based upon this information. Jeffrey Kurtz CPA LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.