In today’s fast-paced business environment, maintaining accurate and up-to-date accounting records isn’t just good practice—it’s essential for survival and growth. While many small business owners might be tempted to handle their books independently or put off accounting tasks until tax season, this approach can lead to costly mistakes and missed opportunities. Let’s explore why investing […] Read more “Why Current and Accurate Bookkeeping is Essential for Your Business Success”

Backdoor Roth IRAs have emerged as a strategic tool for high-income earners looking to maximize their retirement savings.  Roth IRAs can be essential to retirement preparation, but only up to certain income levels ($161,000 in 2024). You become ineligible once you exceed the Modified Adjusted Gross Income limit.  Once you’ve hit the income ceiling for […] Read more “What is the Back Door Roth?”

The clock is ticking on Section 199A of the 2017 Tax Cuts and Jobs Act (TCJA)—the Qualified Business Income Deduction. Since its inception, this provision has significantly impacted small business owners and entrepreneurs.  With the deduction set to expire at the end of 2025, understanding its implications and planning for the future is crucial. This […] Read more “Section 199A: Everything You Need to Know About the Qualified Business Income Deduction”

Employee compensation is a critical aspect of any company’s strategy, and stock options play a significant role in attracting and retaining top talent. By offering employees a stake in the company’s success, businesses can align the interests of their workforce with their own long-term goals.  Two primary types of stock options are Incentive Stock Options […] Read more “ISO vs NSO: Everything Your Company Needs to Know”

Starting a business is an exhilarating journey, filled with dreams of success and innovation. However, navigating the financial landscape can be daunting. Choosing the right accounting services is crucial for ensuring the financial health and success of your startup long-term. This guide will help you understand how to evaluate accounting services to best meet your […] Read more “How to Evaluate Accounting Services for Startups”

No matter the business, a firm understanding of your company’s financial metrics is a must. But it doesn’t stop there. You also have to effectively communicate these metrics and what they mean for your company to both investors and potential investors.  Among these metrics, we will look specifically at two today that stand out as […] Read more “Non-GAAP Accounting Metrics: ARR and MRR”

On April 23, 2024, the Federal Trade Commission, or FTC, implemented a groundbreaking new ruling that sent ripples throughout the business world. This new rule bans almost all non-competes nationwide in an attempt to: With this rule now in place, it is important for business owners to understand what it means for them and how […] Read more “Say Goodbye to Non-Competes Between Employees and Employers”

In business, due diligence is a critical phase when each of a company’s documents and records are scrutinized. This process plays an important part in mergers, acquisitions, and fundraising when determining the worthiness and risk of a deal.  However, this phase can be daunting and is often marked by various challenges for companies, particularly when […] Read more “Why Companies Need to Have a Data Room”

In the realm of business finance, each and every transaction is significant, not just for the immediate financial health of the company, but also for its long-term stability and compliance with laws and regulations.  As a business owner, you are responsible for maintaining financial integrity by meticulously tracking receipts and bills for every transaction that […] Read more “The Importance of Matching Receipts and Bills for Every Transaction”

A budget is an essential financial tool for your business, but creating an actionable budget is often difficult. Many business owners create a budget at the start of the year–only to stray from it within a few months. This article will go over some tips and tricks for creating a business budget that you can […] Read more “How to Create Your Budget So You’ll Actually Use It”

Launching a startup is an exhilarating and often difficult journey. Successfully navigating the complexities and curveballs that are thrown your way is what will set you apart on your path to creating and running your business. One major aspect of running your startup is successfully managing your cap table. A cap table, short for capitalization […] Read more “Cap Tables for Startups”

Cash flow is critical to the success of your business – it determines your ability to meet short-term obligations and your ability to invest in growth. If you find yourself wanting to improve your cash flow in 2024, then this article is a great starting point to get your business on the right track.  As […] Read more “5 Steps to Improving Cash Flow in 2024”