Budgets for businesses can be confusing and often seem to be limiting. Yet, every business has a goal. That goal could be growth and scaling and often involves a revenue goal. For some companies, their goal is to reach a profitability level that helps them feel secure and successful. For others, how much cash the […] Read more “How to Approach Budgets for Businesses”
Category: Entrepreneurs
What reporting KPIs do you need to grow your business? Of course, key performance indicators (KPIs) differ from one company to the next. Yet, you cannot grow your agency if you do not rely on numbers. These numbers can provide a wealth of information to you, including providing you where you are right now and […] Read more “Reporting KPIs Needed When Growing Your Agency”
Do you really need an Outsourced CFO to scale your startup? The answer is yes. You put everything into this venture. You’ve figured a lot out along the way, and all that hard work paid off. Now it’s time to scale, and scaling’s complicated. You have a lot to lose but — if you do […] Read more “How Outsourced CFOs Set Founders Up to Scale”
If you’re an entrepreneur who’s about to launch a new venture, a startup accountant can help you identify steps that will potentially save thousands in taxes and other expenses. There’s no shortage of planning tips for new businesses, and that’s particularly true when it comes to advice on how to avoid overpaying taxes. It’s hard […] Read more “5 Tax Considerations Startups and Entrepreneurs Need to Think About”
Nowadays, it seems like conversations about cryptocurrency tax are popping up everywhere. And it is not just the “tech-savvy” or hardcore investor that brings up the topic, because many people have begun investing in crypto. Today it seems like crypto has become, for lack of a better term, real. There are many good reasons why […] Read more “CryptoCurrency and Tax Implications”
Should you open an LLC when you start your new business? Or should you convert your current business structure to LLC? Some business owners do whatever is easiest to get up and running. However, your business structure determines how you’ll pay taxes, what insurance you need, as well as the extent of your personal liability. […] Read more “New Business? How to Open an LLC”
Business startups need specialized accountants to provide financial insights, planning, and strategy to drive early success and growth. To help companies be successful, startup CEOs need insights into how their money is used and managed at every stage of growth. Those demands are particularly critical in a company’s early days, when available dollars may be […] Read more “Benefits of Working with an Accountant Specializing in Startups”
Many employees see the value in company stock, especially recently. The average worker participation rate in employee stock purchase plans rose to 28% from January 2020 to March 2021. And purchasing stocks isn’t employees’ only option. Many companies offer their team members a chance to earn vested stock, whether it’s through meeting certain commitments or staying with […] Read more “What is The 83(b) Form and Why is it Important?”
Cash flow is the lifeblood of your business. If you do not have strong cash flow, it’s impossible for your business to meet financial obligations, especially in changing conditions, leaving your business unable to weather the storm and fighting for survival. However, analyzing your numbers now, at the beginning of the New Year, and building […] Read more “How to Prioritize Cash Flow for the New Year”
You’ve used data to set your goals for 2022 and now you’re excited about the opportunity to make them happen. How are you going to do that? Take advantage of the data you have. Data helped you establish your goals in the first place and you can use data to ensure that you achieve them. […] Read more “How to Bring Your Goals to Reality with Data”
Most startups have about 10 million shares of common stock. As the company grows, so will the number of shares. Because this high number only increases over time, it’s important that you have CAP table management to easily view and interpret shareholder equity. But what are CAP tables, exactly? How can you choose between the two most […] Read more “Carta vs Pulley: CAP Table Management Tools for Business Owners”
It’s officially time to start creating your annual plan! Whether you are new to the business or a seasoned vet, you’ve likely put into practice each of the main items needed to create an annual plan. A plan starts with assessing your current state. Then it requires setting goals, creating strategies, measuring progress, and confiding […] Read more “Annual Planning Tips for Entrepreneurs”