As a business owner, you have likely heard this advice before—you need to have a tax strategy in place and take care of your taxes all year round, not just during tax time. This advice is given time and time again because it works. Taking action before the tax season makes managing your taxes much […] Read more “7 Must-Haves for Your E-commerce Tax Strategy”
Start-up Blog
Every business owner strives to make better decisions. However, making good decisions consistently is incredibly challenging. In most cases, there is no way to have all the information about every variable involved before making a decision. This creates uncertainty in the direction you take your business. But even though there will always be some degree […] Read more “How Using Data Can Help You Build a Startup Team”
You’re probably overly excited about your newly secured funding, and rightfully so. It’s likely a business-changing amount of money and you have so many great ideas for spending it. However, you’re also wondering what you need to do next to get the ball rolling with your business in regards to funding. With so many places […] Read more “Just Received Funding? What Do You Do Now?”
You make a tax payment to the IRS and by the time you turn around again, it’s time to prepare another payment. Without a tax strategy it seems like an endless cycle, and to top it off, there’s a chance you’re not even paying the correct amount (too much or too little). To try to […] Read more “How Efficient Bookkeeping Fits into Your Tax Strategy”
Marketing agencies are different from traditional brick and mortar businesses. In fact, agencies are unique from the way most companies do business (and tax planning). A few of these unique aspects include: Different products and services Unique expenses Various pricing models An unorthodox labor force Fluctuating profitability These attributes mean your tax planning situation (as […] Read more “Tax Planning Strategies for Marketing Agencies”
Poor tax planning is something that often proves costly for startup companies. When every dollar makes a difference in determining whether or not your startup is a success — you certainly don’t want to pay Uncle Sam any more than you owe. Unfortunately, several startup tax myths still abound. This article looks at the six […] Read more “6 Common Startup Tax Planning Myths”
As the founder of a startup, it’s likely you play some sort of leadership role. Whether it be on a team to accomplish certain goals or guiding other team leaders, it’s important to have strong skills and a solid decision-making process to help your startup grow. Establishing those skills and processes can be done in […] Read more “Data-Driven Leadership: What it is and how to use it in your business”
You’ve made it to the middle of the year and it’s time to start evaluating your finances to get you ready for the coming months. If you created goals at the beginning of the year, you should be turning to your numbers to make sure you are on track. It’s a simple task that is […] Read more “Checking in on Your Annual Planning”
Investors who decide to invest in startups have a unique perspective in how they evaluate risk. That’s because they understand that investing in any startup, regardless of how promising it seems, is risky. Since startups have a 90% fail rate, the risk is high, and investors must find ways to improve their odds of success. […] Read more “How Do Investors Evaluate Startups? (5 Aspects Covered)”
Running out of cash is one of the most common reasons startups fail. That’s why managing cash is such an important aspect of building momentum to get your startup off the ground. With any business, in the early stages especially you’re likely to have way more cash going out than coming in. Knowing your burn […] Read more “How to Calculate Startup Runway”
Do you ask your CFO questions to better your business often? You should! Your CFO is like a second set of eyes that sees the big picture of your business. They hold a ton of information, all of which is data and reports you could be using to help your business grow. However, to reach […] Read more “7 Questions You Should Be Asking Your CFO”
As a founder of a startup, at some point, you will likely find yourself in need of securing capital through an investor. To come to an agreement with your investor(s), you will want to outline some specifics of who gets what in this deal which is where a term sheet comes in. What is a […] Read more “What Founders Need to Know About Term Sheets”