Organizations that have already adopted the new revenue recognition standard (ASC 606) may have discovered that it was not a smooth transition. As with any type of change in the accounting standards/methods, there are deep rooted challenges to overcome; many layers of complexities must be sorted through to ensure your business complies with the Revenue …
In August 1981, the personal computer revolution was powering up; that’s when IBM released its first PC. This was the catalyst that inspired tremendous innovation in the IT and software arenas. After 2008, there was a major acceleration in the tech industry with an introduction of app-based services, utilization of big data, AI, and machine …
How Tech Companies Can Qualify For R&D Tax Credit Read More »
In the early stages of your business, you are most likely fixated with marketing, growing revenue and becoming a reputable brand. These are all excellent facets of your organization that deserve your focus, but the cornerstone of any business is keeping an accurate track of your cash flow. Perhaps accounting is just not your …
Outsourcing Accounting Services are Spurring Growth in Businesses of All Sizes Read More »
When a SME owner tries to double up as both the CEO and CFO, there’s a high likelihood he/she will spread themself too thin and make hasty financial decisions with half-baked information pertaining to investments, cash flow and accounting processes. However, hiring an in-house CFO may not be a viable option always because of the …
Everything You Need To Know About Outsourcing CFO Services Read More »
Did you know you could earn up to 13.5 cents of Research & Development (R&D) tax credit for every qualified dollar? If you answered no, you’re not alone. Most companies have either never heard of R&D tax credits, or if they are aware of it, they haven’t filed any claim so far because they assume …
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Did you just start a new business? Although it may be tempting to try to work on the financials yourself, an accounting firm can help set your business up for success. They can give you the tools you need to make smart financial decisions from the very start. Here are three reasons why your startup …
3 Reasons Why Your Startup Needs An Accounting Firm Read More »
Improve the Trajectory of Your Start-Up with Good Bookkeeping Successfully rising from a start-up to an established business is a matter of working your business model with maximum efficiency. In order to rise above ‘barely making it’ to ‘thriving business’, you can’t afford a single mismanaged financial decision. From well-filed taxes to efficient inventory management, …
Improve the Trajectory of Your Start-Up with Good Bookkeeping Read More »
The decision of how to structure your start-up is extremely important. While there are multiple options, there is no one best legal structure for any specific type of business. However, there is a best choice based on your specific goals. In order to make your decision, you will Taxes, Personal liability, Transferability, and Investor expectation. …
How to Choose the Best Legal Structure for Your Start-up Read More »