When it comes to handling tax planning, most people behave reactively. Unfortunately, most businesses handle their taxes like most people. Perhaps this vignette sounds familiar. For these reactive people and entities, the tax year starts in January and tends to go like this: Scramble to put together all necessary documentation on time in order to […] Read more “What’s The Difference In Proactive Vs Reactive Tax Planning?”
Start-up Blog
As we get ready to close out 2020, planning your 2021 startup budget becomes more critical every day. While it’s important to take a little time to look back, your focus should now be fixed on what’s to come. And given what we know now, 2021 could be a challenging year. The purpose of setting […] Read more “7 Tips for Building your 2021 Startup Budget”
Can KPI reporting really make a difference for your business next year? With the new year upon us, every business needs to get ready to tackle it full on. 2020 has been full of surprises, to say the least. This year quite simply made every single business on the planet re-think what matters and put […] Read more “KPI Reporting When Planning for 2021”
Annual planning means it’s time for optimism! After reaching Q4 of the calendar, the end of 2020 and the beginning of next year is finally in sight. This means it’s time (or about time) to make your annual financial plan. The plan that will guide your business for the next 12 months. Needless to say, […] Read more “4 Common Mistakes in Annual Planning”
For those looking at accounting solutions, there is a spectrum of services available for businesses. On the basic end there is; bookkeeping, cash flow statements and tax preparation. A mid-range of service would be budget creation, tax planning and advisory meetings. At the top end is a relatively newer category — Outsourced CFO services. An […] Read more “Complete Guide to Outsourced CFO Services”
When you are running a business employment taxes can be time-consuming and confusing. You must follow all the IRS filing requirements, deadlines, and proper forms. Violations may result in expensive penalties that severely impact business finances. As a small business owner or startup business, you likely have a lot of accounting and tax questions. One of those […] Read more “What Are the Differences in Payroll Providers? An Overview of Gusto and Rippling”
Most relegate the thought of having a “Chief Financial Officer (CFO)” to Fortune 500s and large businesses. While it’s true that virtually all of those have someone dedicated to overseeing the financial prognosis of the organization, it’s not exclusively for them. The benefits of having a dedicated financial officer have many startups and small businesses […] Read more “When Do You Need a Fractional CFO?”
Choosing the best entity structure for your business may seem like something you just come up with and get started. However, there are major implications based on what you choose. Nobody wants to pay more than they need to, whether that’s for cable, insurance, or taxes. And that’s where having the right business structure comes […] Read more “What’s the Best Entity Structure for Your Business?”
Outsourced accounting has the potential to provide a business with the exact level of services needed for financial insights. The key is, how to properly execute it. It’s incredibly common for a business owner to not be able to “let go”. Understandably so, for an entrepreneur. Your business is literally like a non-human baby. It’s […] Read more “5 Success Factors in Outsourced Accounting”
Year-end financial tips may seem unnecessary. You work in your business all year so what changes at year-end? But the reality is, we need the end of year to be a time to re-evaluate where the business stands, and look ahead to next year. Now that we’ve fully entered Q4 of the year, it’s always […] Read more “Year-End Financial Tips for Businesses”
Business debt is tempting. What could you do with a whole, or at least a little bit, more cash in your business? This is the allure of debt. It’s about the possibilities that open up when you have additional spending power in your business. Quite simply more cash flow opens up possibilities. The reason debt […] Read more “Best and Worst Forms of Business Debt”
At Pasquesi Partners, our mission is to help growth-stage businesses manage the comprehensive financials required to turn visions into reality. Like traditional accounting firms, we handle the basics: bookkeeping, payroll, tax preparation, and financial statements. Unlike traditional firms, we’ve gone beyond “beans and books” and developed a one-stop digital accounting experience — focused on education, […] Read more “Pasquesi Partners Named a Top Accounting Firm in Chicago”