Imagine receiving a gift that could change your life; one that could make you see things differently, improve your performance, and provide you with lucrative opportunities for the future. Now imagine never opening that gift, instead letting it sit there gathering dust. That gift is your company’s data, and if you don’t spend the time […] Read more “Data Analytics and Business Intelligence: New Solutions Can Help You Harness the Power of Your Company’s Data”
Category: Accounting
When you take a new job as an employee, there is usually a bunch of paperwork to complete to get you set up and settled in. This includes your W-4 tax form, which determines how much your new employer will withhold from each paycheck. If you don’t know or don’t recall what your W-4 says […] Read more “New Tax Benefits Are in the Eye of the Withholder: Make Sure Your W-4 is Correct”
A small business guide to fringe benefits taxes A healthy workforce can significantly contribute to the health of a company’s bottom line. The prospect of increased productivity and decreased healthcare costs provides an incentive for employers to do what they can to promote their employees’ well-being. For many businesses, doing so involves wellness programs that […] Read more “Keeping Your Company’s Wellness Program in Good Tax Shape”
Learn whether invoice factoring can help your startup Until it’s paid, an invoice is just a piece of paper and an entry on a ledger. The true value of an invoice is in the cash that you’ll receive for it – eventually. For many businesses, the time between issuing an invoice to a customer and […] Read more “Invoice Factoring – Is It a Good Cash Flow Solution for Your Small Business?”
Five steps to adopt the new revenue recognition standard The new revenue recognition standard is here, and the time to implement those standards is now. As we discussed in our previous post, the standard set forth in IFRS 15 and FASB Topic 606 applies to almost all public and private companies and involves a whole […] Read more “The New Revenue Recognition Standard, Part II: The Five Steps”
Time to implement IFRS 15 and FASB ASC 606 Revenue Recognition Standards The time has come. Four years after the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) issued their converged guidance on recognizing revenue in contracts with customers, companies need to put pen to paper and implement the new revenue […] Read more “The New Revenue Recognition Standard, Part I: Why, What, and When”
How are you doing today? How about this week, this month, or this quarter? When it comes to your early stage business, knowing how your company is doing in several distinct respects is essential for the survival, profitability, and growth of your company. Key performance indicators (KPIs) are the vital signs that measure the health […] Read more “5 Key Performance Indicators for Start-Ups”
Every few years it seems, a new technological innovation emerges which promises to revolutionize the way businesses operate. What is now familiar and fundamental — email, cloud computing and storage, collaborative project management platforms – were once alien and often intimidating before they were universally adopted. Today, the revolution turns to “blockchain.” You may have […] Read more “Blockchain: What is It? Why Should You Care?”
Is hiring a part-time CFO or accounting freelancer a viable option for your business? Entrepreneurs by nature are overachievers. They believe in what they are doing and believe that they can do it all. But the reality is that once an early stage company gets some traction, all the entrepreneurial spirit, talent, and energy drinks […] Read more “5 Reasons to Outsource Your Start-Up’s Finance & Accounting Teams”
Quick tips to help your startup maintain healthy cash flow. If your brilliant ideas and strategy are the brains of your start-up, and your entrepreneurial passion and vision are its heart, then cash flow is the blood running through your company’s veins. If that flow is too weak or stops entirely, or you fail to […] Read more “3 Cash Flow Management Tips for Start-Ups”
His name is not on the 20,000 restaurants around the world that sell french fries, Egg McMuffins, and Big Macs to tens of millions every day. But Ray Kroc is the reason that a bus driver in Philadelphia and an accountant in Berlin can dine on the exact same food served exactly the same way […] Read more ““The Founder”: 3 Nuggets of Start-Up Wisdom from Ray Kroc”
2016 is in the books, which means your start-up’s books are about to take center stage as tax season begins. If you launched your business in 2016, this may be your growing enterprise’s first go `round with tax preparation. As much as you would rather be focusing your attention elsewhere, spending some time getting organized […] Read more “4 Simple Ways to Prepare Your Start-Up for Tax Season”