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”
Category: News
The software development industry is on track to grow 22% by 2030, and this industry growth will result in countless new products for customers. As software creation develops, the methods that developers use to make this software have changed over the years. Meanwhile, the GAAP – the standard for accounting – has remained the same. Business owners who […] Read more “Capitalize vs Expense the Development of Software Costs: What to Know”
Many startup business owners plan to hire in the new year. Doing so may help the company grow, improve profits, or enhance customer service. Yet, as you plan to hire, there’s much to think about before making any decisions. You need to know what top talent expects from companies like yours and how your business […] Read more “Accounting Considerations for Hiring in 2022”
Understanding your startup and its financials is critical. These early-stage metrics let you keep a finger on the pulse of your business so you can predict your future earnings and your organization’s long-term health. We’ve divided these key indicators into categories. Start tracking these now to keep your costs in line and your revenue healthy. […] Read more “The Numbers you Need to Watch in an Early-Stage Startup”
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”
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”
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”