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2025 Tax Dates

In Compliance by The Finvisor Team

Tax season is here! Did you miss any key dates? Here’s a list of important 2025 deadlines to help you stay prepared.

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What Expenses can Qualify for the R&D Tax Credit?

In General by pxlpod

Management consulting might seem like it is only useful for companies that are already established, but this advice can be helpful for startups too. Startups are often working with few resources but need to prove themselves as viable. With a management consultant, startups can get enterprise-level help to ensure that they have good plans, fewer problems, and feedback from an outside perspective.

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Fintech Mergers and Acquisitions: Accounting Considerations and Strategies

In Accounting by pxlpod

The biotechnology sector is critical for pushing innovation. Whether it’s for health, agriculture, or the environment, scientific advancement can have a profoundly positive impact.

These advancements are made possible through intensive research and development (R&D) efforts, which are typically risky, experimental, and very expensive.

To help fuel innovation in the United States, R&D tax credits are a vital tool in offsetting some of these costs. Let’s delve deeper into the subject to understand how R&D tax credits contribute to biotech innovation in the US.

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A Step-by-Step Guide to Setting-Up E-commerce Bookkeeping Systems

In Accounting by pxlpod

The biotechnology sector is critical for pushing innovation. Whether it’s for health, agriculture, or the environment, scientific advancement can have a profoundly positive impact.

These advancements are made possible through intensive research and development (R&D) efforts, which are typically risky, experimental, and very expensive.

To help fuel innovation in the United States, R&D tax credits are a vital tool in offsetting some of these costs. Let’s delve deeper into the subject to understand how R&D tax credits contribute to biotech innovation in the US.

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The Role of R&D Tax Credits in Fueling Biotech Innovation

In Accounting by pxlpod

The biotechnology sector is critical for pushing innovation. Whether it’s for health, agriculture, or the environment, scientific advancement can have a profoundly positive impact.

These advancements are made possible through intensive research and development (R&D) efforts, which are typically risky, experimental, and very expensive.

To help fuel innovation in the United States, R&D tax credits are a vital tool in offsetting some of these costs. Let’s delve deeper into the subject to understand how R&D tax credits contribute to biotech innovation in the US.

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Revenue Recognition for Hardware Companies: What You Need to Know

In Accounting by pxlpod

Management consulting might seem like it is only useful for companies that are already established, but this advice can be helpful for startups too. Startups are often working with few resources but need to prove themselves as viable. With a management consultant, startups can get enterprise-level help to ensure that they have good plans, fewer problems, and feedback from an outside perspective.

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R&D Tax Credit Filers: IRS Releases Streamlined Form 6765

In General by pxlpod

Management consulting might seem like it is only useful for companies that are already established, but this advice can be helpful for startups too. Startups are often working with few resources but need to prove themselves as viable. With a management consultant, startups can get enterprise-level help to ensure that they have good plans, fewer problems, and feedback from an outside perspective.

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Secure Act 2.0

In General by pxlpod

The Secure Act 2.0 is a law that was signed by President Biden on December 29, 2022, with some aspects having taken effect immediately and some over the coming years.

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Important GAAP Considerations for Startups

In General by pxlpod

Whether you’re just starting out or you’ve been in business for a while, you need to be aware of the basics of GAAP. This is especially true for startups, who may not have the same level of financial expertise as more established businesses.
GAAP is crucial for startups. By understanding these concepts, you’ll be well on your way to making sound financial decisions for your business and staying compliant at all stages of your journey.

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What Are the Advantages of Outsourcing a Payroll Service?

In Payroll, HR, & Benefits by pxlpod

The time has come, your business has grown, and you now need to offload some of the day-to-day tasks onto someone else. But the problem is that you don’t have the need for a full-time member of staff, and even if you did, you don’t have space in your office for them.

This is a common issue experienced by businesses all across the US, especially among young or rapidly growing organizations.

The solution presents itself via outsourcing. Once a rarity in the business world, it has now firmly established itself as a common practice thanks to the numerous advantages it offers.

Here’s what you need to know.

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How to Find Funding Consultants for Startups

In General by pxlpod

You’ve taken your winning idea from conception right through to a living, breathing business.
But like any new life, you need to provide resources in order for it to flourish.

Startups need cash injections so they can grow. There’s no way around it, unfortunately.

The problem is that we’re betting you don’t have a pile of cash lying around that you can use. Therefore, it’s usually necessary to find and secure external capital.

If you’ve found yourself in this position and desperately need a funding consultant for your startup, you’re in the right place.

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What Is Business Succession Planning?

In General by pxlpod

Small business loans are critical in empowering small business owners to realize their business ambitions.
These loans serve as a financial lifeline, providing capital for startups or existing businesses to fund operations, expand, or seize growth opportunities. However, it’s essential to approach this financial tool with a nuanced perspective.

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Understanding the Risks and Benefits of Small Business Loans

In Accounting by pxlpod

Small business loans are critical in empowering small business owners to realize their business ambitions.
These loans serve as a financial lifeline, providing capital for startups or existing businesses to fund operations, expand, or seize growth opportunities. However, it’s essential to approach this financial tool with a nuanced perspective.

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What is the Statement of Cash Flows?

In Accounting by pxlpod

When setting up a small business, deciding which business entity to register as is one of the most crucial decisions you will make.

Although it may seem like a sole proprietorship and a limited liability company (LLC) look very similar, there are differences that can have a major impact on your business later down the line.

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Is There a Service to Outsource Employee Benefits?

In Payroll, HR, & Benefits by pxlpod

Employee benefits are a necessary component of any modern workforce’s compensation package.

They encompass a wide range of offerings, from healthcare and retirement plans to wellness programs and more. While these benefits are essential for attracting and retaining talent, setting them up and managing them requires resources that you might not have available in your organization.

This leads us to the question: Is there a service to outsource employee benefits?

The quick answer is “Yes!”

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Understanding Form 3921

In Accounting by pxlpod

Understanding tax forms can be like deciphering a secret code. To help you out, this blog post is going to break down Form 3921. Whether you’re an employee receiving company stock options or an employer granting them, this form plays a crucial role in reporting stock option exercises. Let’s explore Form 3921 together!

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All About Financial Due Diligence

In Accounting, CFO & Management Consulting by pxlpod

Are you looking to secure investment funding in order to take your business to the next level?
If so, then you need to know what financial due diligence is and why it matters.
Ultimately, you won’t stand a hope of gaining investor approval if your business financials don’t check out after due diligence has been performed. This is why it’s so crucial for you to understand it and thoroughly prepare for it before the process starts.
Here’s everything you must know about it.

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2024 Tax Dates

In Accounting, Compliance by pxlpod

With 2024 here, it is time to start prepping your 2023 taxes for the year. Here we provide you a list of due dates, what taxes offer extensions and other important information that will allow you to have a successful tax year.

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How To Build a Strong Financial Team for My Startup

In Accounting, Payroll, HR, & Benefits by pxlpod

If you are a startup founder, you know how important it is to have a strong financial team to support your vision and growth. Small business startup accounting has a set of unique requirements and challenges that will only be successfully navigated by having the right team by your side.
But how do you build a winning financial team that can handle these challenges with ease and help your startup achieve its goals? Let’s look at the detail.

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Ultimate Guide to How and Why Companies Buy US Treasuries

In CFO & Management Consulting by pxlpod

US Treasuries are short-term debt issued by the US government, backed by the full faith & credit of the United States, and offer attractive interest rate yields, high liquidity, and lower risk than comparable securities. Below we break down the intricacies of the US Treasuries system, explaining why companies both big and small benefit from investing in them. This guide will help clarify the process and answer the most common questions.

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Can a CPA Certify Financial Statements?

In Accounting, Compliance by pxlpod

CPAs are often called upon to provide their expertise when it comes to certifying financial statements. However, the question arises as to whether a CPA can certify financial statements.

The quick answer is yes, but there are a number of things to be aware of.

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How Does HR Outsourcing Work?

In Payroll, HR, & Benefits by pxlpod

As businesses continue to progress and find new and efficient ways of working, outsourcing is fast becoming one of the most cost-effective and productive ways to perform vital business functions. And HR is a highly popular department to outsource.

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Research and Development (R&D) tax credit for businesses | Finvisor

In Accounting by pxlpod

You’re in need of a business plan, so you’re probably here because you’re wondering if an accountant can help write one for you.

The quick answer is no. An accountant doesn’t typically write business plans, but they do provide and produce information and advice that is vital to the business plan and its success.

Business plans are usually developed and written by business leaders, so if you own your own organization – that would be you! However, your accountant is there to collaborate with you every step of the way.

Without proper support, business plans can be daunting, so it’s important to surround yourself with the right expertise, such as a qualified accountant. That way, you can be sure you’re making sound decisions each step of the way.

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Changes on form I-9 for employers and business owners, remote to in person

In Payroll, HR, & Benefits by pxlpod

You’re in need of a business plan, so you’re probably here because you’re wondering if an accountant can help write one for you.

The quick answer is no. An accountant doesn’t typically write business plans, but they do provide and produce information and advice that is vital to the business plan and its success.

Business plans are usually developed and written by business leaders, so if you own your own organization – that would be you! However, your accountant is there to collaborate with you every step of the way.

Without proper support, business plans can be daunting, so it’s important to surround yourself with the right expertise, such as a qualified accountant. That way, you can be sure you’re making sound decisions each step of the way.

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Finvisor partners with Xero for all your accounting needs

In Accounting by pxlpod

Xero is a fully cloud-based platform that can be used on tablets, mobile devices, and computers, allowing you to access the platform from any device, anywhere in the world. You can give access to as many people as you’d like. For example, if you employ a virtual bookkeeper, they can have access to the same data as you do. It also integrates with payment systems as well as over 1,000 other apps.
Xero online accounting software is dedicated to bookkeeping and financial reporting. It automates the day-to-day tasks required for accounting and reconciling. We love it because it’s super easy to navigate, which makes it perfect for small businesses and startups. Once set up, the software automatically performs daily, repetitive bookkeeping tasks like sending and receiving payments, sending invoices, and reconciling books.

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Do Accountants Typically Write Business Plans?

In Accounting by pxlpod

You’re in need of a business plan, so you’re probably here because you’re wondering if an accountant can help write one for you.

The quick answer is no. An accountant doesn’t typically write business plans, but they do provide and produce information and advice that is vital to the business plan and its success.

Business plans are usually developed and written by business leaders, so if you own your own organization – that would be you! However, your accountant is there to collaborate with you every step of the way.

Without proper support, business plans can be daunting, so it’s important to surround yourself with the right expertise, such as a qualified accountant. That way, you can be sure you’re making sound decisions each step of the way.

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Understanding I-9 Requirements for Remote Workers

In Compliance by pxlpod

All employers must verify the identity and employment authorization of each person working in the United States. The USCIS Form 1-9, Employment Eligibility Authorization, is how employers verify their staff. What is an I-9 form, and what are the requirements for remote workers?

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Our Guide to Working with Payroll Software

In Payroll, HR, & Benefits by pxlpod

As a business owner, you know payroll is one of your most important responsibilities. Not only do you have to make sure your employees are paid on time, but you also have to comply with federal and state regulations.
Choosing the right payroll software can be tricky as there are dozens of options available, each with their own features and price tag. So, how do you know which one is right for your business?
In this guide, we’ll help you navigate the world of payroll software and find the best solution for you and your budget. We’ll also discuss the benefits of cloud-based software and how to choose the best option for small businesses.

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Our Simple Guide to IFRS 15 Revenue Recognition

In Accounting, Compliance by pxlpod

IFRS 15 was created to eliminate the inconsistent ways that businesses handled transaction accounting. Without standardized financial reporting, investors and other parties interested in financial statements found it difficult to compare results within a specific industry as well as across different industries.
IFRS 15 created a uniform way of recognizing revenue and standardized reporting across the board. This consistent reporting method has improved comparative reporting and analysis and has simplified how financial statements are prepared.

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What are the Typical Duties of a CFO?

In CFO & Management Consulting by pxlpod

You may already have an individual on your team that takes care of the day-to-day bookkeeping financials. While it’s great to have someone on board who you can trust with the daily financial duties, what about the more complicated aspects of finances like taxation, financial planning, forecasting, and troubleshooting? For these kinds of things, it’s necessary to have someone with the relevant qualifications and experience. Hiring a Chief Finance Officer (CFO) is the best way to ensure you gain the right expertise and take your finances to the next level.

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All About Journal Entries for Contract Revenue Recognition

In Accounting, Accounts Payable & Receivable by pxlpod

Most simple financial transactions involve a customer requesting goods or a service and paying for them immediately. This is an easy accounting process when recording the transaction as revenue.
But, what happens when there are complex, high-value contracts at play? These types of contracts typically involve delayed payment or payment in installments. This begs the question, “when and how can they be recorded as revenue?”.

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An Overview of Financial Reporting

In Accounting by pxlpod

Creating a successful business isn’t just about selling products or services. It’s also about making smart decisions based on your company’s data. Having the ability to look at the current and projected financial health of the business is vital if you want to scale or invest. However, financial reporting often requires an expert eye with experience to compile the data effectively. Therefore, to gain a good overview of their business’s financials and decide what steps to take next, it is strongly advised businesses seek professional services from a financial reporting accountant.

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Our Guide to Reviewing I-9 Forms for Compliance

In Compliance by pxlpod

Ready to hire employees for your business? If so, you’ll need to know and understand what the I-9 form is. Mandated by the Immigration Form and Control Act of 1986, proper completion of the I-9 document is required for every employee within an organization. Failure to complete the I-9 documents will almost certainly land you in hot water. Hefty fines and even prosecution could be on the cards if you don’t comply with the I-9 information requirements.

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How Different is the Role of a Financial Controller to a Chief Financial Officer?

In Accounts Payable & Receivable, CFO & Management Consulting by pxlpod

A Financial Controller and Chief Financial Officer (CFO) are similar sounding roles. However, each serves a very different function. Both are vital to a business, especially if you plan to scale and grow. However, do you need to hire both at the same time? What do you do if you’re a small business and can’t take full-time financial professionals onto the payroll? This article discusses the difference between the two roles and how you, as a business owner, can receive these valuable resources in an affordable way.

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How to Streamline End-of-Year Taxes

In Accounting by pxlpod

Taxes, there’s just no escaping them! Many business owners await the year-end with dread because they know it’s going to be a long, complicated process to get their taxes filed correctly. While taxes are never going to be enjoyable, there are certainly several things you can do to make the process much smoother and easier. Perform these tasks to get streamlined so that when year-end rolls around, you’re prepared.

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Outsourcing Human Resources for Startups

In Payroll, HR, & Benefits by pxlpod

For many small businesses, a common misconception is that the practice of outsourcing human resources is only reserved for large companies. The complexities of managing HR can pose a significant challenge for small companies just starting out. This can result in staff spending precious hours and energy on administrative tasks that could be spent focusing on efforts to grow the company. When you rely on HR outsourcing, a third-party provider oversees and handles HR functions on behalf of the business, in turn minimizing these challenges and giving you peace of mind.

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What are Early Exercisable Stock Options?

In Payroll, HR, & Benefits by pxlpod

Exercising stock options simply means buying shares of the issuing company’s stock at a set price, also known as the strike price, at the time the options are granted. This price is usually the fair market value (FMV) of the shares. You’re not required to exercise your options, but if you do this means you own a piece of the company.

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How to Choose the Best Accountant for your Startup

In Accounting by pxlpod

Here you are – you need an accountant for your startup. After all, accounting helps you make the daily business decisions required to make your business financially function and grow. Welcome to startup accounting 101 – accounting tips for startups that will help you choose among the best accounting firms for your startup business.

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Five Signs Your Startup Needs Accounting Help

In Accounting by pxlpod

Congratulations, your business is succeeding! Now it’s time to get serious and start planning and forecasting your finances so you can continue scaling your business in an affordable way. By hiring an accountant, they can take a deep dive into your finances and offer ideas and advice on how best to do this.

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FSAs and HSAs | Finvisor

In Payroll, HR, & Benefits by pxlpod

Health savings accounts (HSAs) and flexible spending accounts (FSAs) allow you to set aside pre-tax dollars for eligible out-of-pocket healthcare expenses. While you can use these two accounts for the same types of expenses, the rules surrounding them are very different. Learn more about the intricacies of FSA and HSA accounts to help you decide which one you would prefer to contribute to in the future.

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The 5 Steps of ASC 606

In Accounting, Accounts Payable & Receivable by pxlpod

As a business, you may be aware of the new ASC 606 accounting standard that was released in late 2014. The goal of this standard is to create a more accurate and consistent representation of revenue for businesses across industries. However, the transition to ASC 606 can be a complicated and time consuming one. In this post, we will explain some key concepts to help you with a smooth transition and continued compliance within the ASC 606 guidelines.

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The Simplest Steps for Streamlining Your AR Invoicing Process

In Accounts Payable & Receivable by pxlpod

Anytime your company provides goods or services without requiring a full payment upfront, you will be invoicing against accounts receivable. If this process does not run smoothly, your company will spend significant time chasing unpaid balances and attempting to collect payments. Knowing best practices for AR invoicing and how to streamline this process, will save you time and make accounts receivable processing more efficient.

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How to Do Small Business Accounting the Smart Way

In CFO & Management Consulting by pxlpod

Management consulting might seem like it is only useful for companies that are already established, but this advice can be helpful for startups too. Startups are often working with few resources but need to prove themselves as viable. With a management consultant, startups can get enterprise-level help to ensure that they have good plans, fewer problems, and feedback from an outside perspective.

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How to Correctly Prepare Deferred Revenue Journal Entries

In Accounting, Accounts Payable & Receivable by pxlpod

Management consulting might seem like it is only useful for companies that are already established, but this advice can be helpful for startups too. Startups are often working with few resources but need to prove themselves as viable. With a management consultant, startups can get enterprise-level help to ensure that they have good plans, fewer problems, and feedback from an outside perspective.

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2022 Tax Dates

In Compliance by pxlpod

With 2021 wrapped up we hope you enjoyed the holidays with family and friends. It’s good to start thinking about 2022 and taxes.

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Why Invest in Management Consulting for Startups?

In CFO & Management Consulting by pxlpod

Management consulting might seem like it is only useful for companies that are already established, but this advice can be helpful for startups too. Startups are often working with few resources but need to prove themselves as viable. With a management consultant, startups can get enterprise-level help to ensure that they have good plans, fewer problems, and feedback from an outside perspective.

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Benefits Broker: The Ultimate Guide

In Payroll, HR, & Benefits by pxlpod

How do commuter benefits work exactly and what are the advantages to both employees and employers? Read on to learn more about commuter benefits, what they cover and what tax laws companies need to adhere to if they reside in cities such as San Francisco/Bay Area, Seattle, Washington D.C., and New York City.

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Returning to Work After Covid

In Payroll, HR, & Benefits by pxlpod

How do commuter benefits work exactly and what are the advantages to both employees and employers? Read on to learn more about commuter benefits, what they cover and what tax laws companies need to adhere to if they reside in cities such as San Francisco/Bay Area, Seattle, Washington D.C., and New York City.

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The Biggest Trends in HR Outsourcing

In Payroll, HR, & Benefits by pxlpod

How do commuter benefits work exactly and what are the advantages to both employees and employers? Read on to learn more about commuter benefits, what they cover and what tax laws companies need to adhere to if they reside in cities such as San Francisco/Bay Area, Seattle, Washington D.C., and New York City.

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Commuter Benefits

In General by pxlpod

How do commuter benefits work exactly and what are the advantages to both employees and employers? Read on to learn more about commuter benefits, what they cover and what tax laws companies need to adhere to if they reside in cities such as San Francisco/Bay Area, Seattle, Washington D.C., and New York City.

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Unearned Revenue

In General by pxlpod

Subscription revenue is one of the most popular streams for new companies, as it provides customers a simple way to signup and a consistent stream of cashflow over a longer period of time than a single purchase. However, with quarterly or annual contracts, customers often pay upfront, meaning that the company has received cash before providing the service—leading to unearned revenue on the company’s books.

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Cash vs Accrual Accounting Methods

In Accounting by pxlpod

When you first set up your company’s accounting, you need to setup your financials under the cash or accrual accounting method. Before you begin implementing either method into your organization’s finance tracking methodology, it’s best to know how the two work. Follow along as we get down to the bottom of the difference between these two accounting methods to allow you to choose which one best fits the needs of your business.

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Xero vs Bench

In Accounting by pxlpod

Both Xero and Bench Accounting are programs made for bookkeeping. Here, we will dive into the pros and cons of each software so you can determine which is best for your organization.

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Planning Tax Efficiency

In Accounting, Compliance by pxlpod

Why is it important that taxes be efficient? An efficient tax system minimizes the cost of complying with the tax code so organizations can pay the least amount required by law. When organizations choose an approach with a lower tax outcome, they are being tax efficient. Tax efficiency can also extend to tax timing, to better align expenses and revenue.

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Parental Leave

In Payroll, HR, & Benefits by pxlpod

Maternity and paternity leave in California ensures that new parents have the opportunity to take time off to be with their child. There are certain laws and regulations that shape paternity and maternity leave, also known as parental leave. There are also certain eligibility requirements people who want to take leave must meet. Learn more here about your legal rights, pay entitlement, and other benefits in the state of California.

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Fyle Finvisor Partnership

In Accounting by pxlpod

Finvisor is excited to introduce its partnership with one of the leading expense management platforms, Fyle. Fyle is a simpler solution than Expensify, Concur, or other leading expense management platforms.

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Retirement Plans for Small Businesses in California

In Payroll, HR, & Benefits by pxlpod

All too often, small businesses in California get stuck on retirement plans. With a focus on daily operations, thinking about retirement gets pushed to the side, but this critical piece of financial planning should not be ignored. Employers can help employees save for retirement, and employees should be thinking to the future and what they will need to retire. Some of the most common retirement plans for small businesses in California come down to CalSavers or a 401(k). We are here to help employers and employees navigate these options to find something that suits their needs.

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2021 Tax Dates

In Compliance by pxlpod

With 2019 wrapping up we hope you enjoy the holidays with family and friends. But it’s good to start thinking about 2020 and taxes.

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Everything You Wanted to Know About Fractional CFOs

In CFO & Management Consulting by pxlpod

There are many organizations that could use a chief financial officer, but also do not need a CFO full-time. Rather than paying for a full-time employee or going without this much-needed position, there is an option in between. A fractional CFO works for a company for a fraction of their time, usually on a part-time or project basis.

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Software Subscription Revenue Recognition: A Complete Guide

In Accounting by pxlpod

Businesses that offer subscription- or license-based solutions operate under a different financial model than those selling one-time goods or services. Instead of a straightforward, single-use exchange, subscription revenue typically arrives up-front for services to be rendered in the future.

Subscription revenue recognition takes those up-front payments and recognizes them during the subscription period.

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The Comprehensive Guide To Employee Benefits Management

In Payroll, HR, & Benefits by pxlpod

With so many benefits and combinations of benefits for employees available today, managing that additional compensation is critical. Employee benefits management ensures benefits are appropriately determined. Other roles are adding and removing benefits programs, educating employees on benefits and helping them enroll, and ensuring employee and benefit information is up to date.

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2020 Tax Dates

In Compliance by pxlpod

With 2019 wrapping up we hope you enjoy the holidays with family and friends. But it’s good to start thinking about 2020 and taxes.

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R&D Tax Credit—what is it?

In Compliance by pxlpod

The R&D Tax Credit allows startups who meet certain requirements to use the credit against their federal tax bill and claim up to $250,000 towards FICA for payroll tax savings.