Profit and contribution margins can determine your company’s success. Ready to learn how to calculate them and why they’re crucial for your startup?
What Should a Startup Entrepreneur Know About Accounting?
Explore key accounting tasks and tools every startup entrepreneur should know to succeed, including bookkeeping, financial statements, budgeting, and more.
Managing Cost of Goods Sold in Hardware Companies
Managing COGS is crucial for hardware companies. Ready to discover practical optimization strategies to reduce costs and drive success in your business?
2025 Tax Dates
Tax season is here! Did you miss any key dates? Here’s a list of important 2025 deadlines to help you stay prepared.
Types of Assumptions in Financial Modeling
Financial assumptions are the basis of your business plan. Learn about the different types of assumptions and how they can help predict future performance.
What Are the Different Methods of Financial Forecasting?
Not sure which financial forecasting method to use? This guide breaks down these methods to help you choose the best approach for your business needs.
A Guide to Equity Compensation for HealthTech Employees
Explore equity compensation in healthtech, including stock options, RSUs, ESPPs, vesting, and learn to maximize your benefits while navigating taxes.
What Is Venture Debt and How Does It Work?
Venture debt is a valuable and attractive financing option for startups with venture capital. Let’s explore its benefits, risks, repayment terms, and more!
What Does Financial Modeling for a Startup Require?
Discover the key requirements for financial modeling in startups: the right software, data analysis, regular updates, and expert guidance to ensure success.
What is Sensitivity Analysis?
Sensitivity analysis helps determine how variables impact model outcomes, improving financial predictions. Explore its process, challenges, and benefits.
How the R&D Tax Credit Can Drive Tech Innovation
The R&D Tax Credit is a government incentive that rewards businesses for investing in innovation. By understanding and leveraging this incentive, your business can remain competitive and drive growth.
What Expenses can Qualify for the R&D Tax Credit?
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.
Fintech Mergers and Acquisitions: Accounting Considerations and Strategies
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.
A Step-by-Step Guide to Setting-Up E-commerce Bookkeeping Systems
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.
Leveraging Analytics for Better Financial Decision Making in Hardware Manufacturing
Venture debt, also known as venture lending, venture capital debt, or venture debt loan, is a financing option for startups and high-growth companies. Here’s everything you need to know about structuring a venture debt deal.
The Role of R&D Tax Credits in Fueling Biotech Innovation
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.
Navigating Stock Compensation: An In-Depth Analysis (RSA, RSU, ISO, & NSO/NQSO)
In this blog post, we delve into the intricacies of Restricted Stock Awards (RSAs), Restricted Stock Units (RSUs), Nonqualified Stock Options (NSOs), and Incentive Stock Options (ISOs). Join us in unraveling these financial instruments and understand which may be the best fit for your company.
Revenue Recognition for Hardware Companies: What You Need to Know
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.
Cash Flow Management Tips for Hardware Businesses
Struggling with cash flow in your business? Discover effective strategies to optimize cash flow, manage inventory, and boost profitability. Learn how to forecast, budget, and control costs while navigating industry challenges. Get expert advice from Finvisor to improve your financial health.
R&D Tax Credit Filers: IRS Releases Streamlined Form 6765
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.
A Startup Guide to Pre-Seed Fundraising
Keeping accurate financial records is one of the most important aspects of running a business. In this article, we’re going to pinpoint the problems and offer solutions.
A Guide to Creating Financial Projections for Your Startup
Keeping accurate financial records is one of the most important aspects of running a business. In this article, we’re going to pinpoint the problems and offer solutions.
Understanding I-9 Requirements for Remote Workers
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?
Should My California Business Offer Dental Insurance to Employees?
Attracting the best talent means you have to stand out with the benefits you offer. If you’re not currently offering dental insurance, here’s why you should.
What Are Outsourced CFO Services?
Outsourced CFO services, or virtual CFO services, involve hiring external financial experts to fulfill the role of a Chief Financial Officer (CFO) on a part-time or project basis.
How to Structure a Venture Debt Deal
Venture debt, also known as venture lending, venture capital debt, or venture debt loan, is a financing option for startups and high-growth companies. Here’s everything you need to know about structuring a venture debt deal.
Understanding R&D tax credits
Due diligence consulting involves thorough assessments and evaluations conducted by experts. Let’s take a closer look on how this can benefit your business.
What is Due Diligence Consulting?
Due diligence consulting involves thorough assessments and evaluations conducted by experts. Let’s take a closer look on how this can benefit your business.
Your Guide to Funding Projection
Funding projection refers to estimating or forecasting the financial resources an organization expects to receive or allocate over a specific period.
Does a CPA do Tax Filing and Consulting?
Decoding tax obligations and financial strategies in the business world can be daunting. Certified Public Accountants emerge as valuable partners, armed with specialized knowledge to guide you successfully.
Secure Act 2.0
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.
Important GAAP Considerations for Startups
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.
What Are the Advantages of Outsourcing a Payroll Service?
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.
What Are the Basics of Financial Modeling?
Financial modeling is a complex beast, but it is essential for businesses that want to grow and be successful. Here are the basics about what they are and what they are used for.
The Biggest Pain Points When Keeping Your Own Books
Keeping accurate financial records is one of the most important aspects of running a business. In this article, we’re going to pinpoint the problems and offer solutions.
What Do Management Consultants Do?
Nowadays, every company seems to be hiring a management consultant, but what do they actually do? Do you need one for your business?
How to Receive Revenue On Your Books Before Earning It
Revenue is at the center of all businesses. Without it, you wouldn’t have a business, so accounting for that revenue is an essential part of the process. However, receiving revenue isn’t always clear-cut. In these cases, how do you go about recording revenue?
How to Buy a Business in California: Your Guide
Buying a business in California is a significant decision that requires careful consideration and planning. By following this guide and leveraging the support of a professional team, you can confidently navigate the complexities of buying a business in California and achieve your entrepreneurial goals!
How to Find Funding Consultants for Startups
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.
What Is Business Succession Planning?
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.
Understanding the Risks and Benefits of Small Business Loans
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.
What is the Statement of Cash Flows?
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.
Choosing the Best Accounting Software for Your SaaS Startup
In the dynamic realm of a SaaS startup, accounting software is key to facilitating streamlined financial operations.
Tax Relief for American Families and Workers Act of 2024: What You Need to Know
benefits and eligibility criteria of the Tax Relief for American Families and Workers Act of 2024. Learn how it impacts you and how to apply
How to Create an Employee Handbook for a New Organization
An employee handbook is essential for establishing a structured and harmonious work environment within any organization. This comprehensive resource is a reference point for employees, addressing questions or issues regarding things like work hours, benefits, and code of conduct.
2023 Tax Dates
As 2023 comes to an end it is important to make sure that all important documents have been turned in and extensions have been filed if necessary.
Should I Form an LLC or Sole Proprietorship for My Business?
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.
An Employer’s Guide to Wage Garnishment
Navigating the labyrinth that is wage garnishment can be extremely daunting for employers and for good reason. It’s complex and fraught with pitfalls. Here’s everything you need to know about it.
Financial Forecasting for Startups, What You Need to Know
Startups carry significantly more risk than a long-standing, well-established business. If finances are not handled with the utmost care and attention, it won’t take long for the entire business to crumble. Let’s dive into why financial forecasts are so important and how they can secure your startup.
Is There a Service to Outsource Employee Benefits?
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!”
How to Set Up a Financial Forecasting Model for Your Startup
In this blog post we explain what you need to know when setting up a robust financial forecasting model stands as a cornerstone for the success of any startup.
Understanding Form 3921
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!
How to File Taxes as a Small Business
As a small business, you play a vital role in the economy, here is what you need to know to file your taxes correctly.
All About Financial Due Diligence
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.
How Can Bookkeeping Help with Tax Preparation?
Every year, the inevitable happens. Tax season rolls around and individuals and businesses across the US grapple with the challenges of correctly preparing and filing all the required documents.
2024 Tax Dates
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.
How Much Runway Should a Startup Have?
One of the most common questions that entrepreneurs face is how much runway they should have for their startup.
It’s a tricky question to answer because it depends on many variables. However, there are rules of thumb for each startup stage that you can take as a guideline. Let’s discover what these are.
How To Build a Strong Financial Team for My Startup
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.
Our Guide to Streamlining Business Taxes
Filing taxes for your business is a necessary task. We help you understand which taxes are needed for your business and how file them.
Is it Effective to Hire a Virtual Bookkeeper?
The way we run a business is changing. Let’s explore the advantages and potential challenges of hiring a virtual bookkeeper, which we hope will help you make an informed decision for your business.
Understanding Cash Flow Management and How It Can Help Your Startup
Cash flow management is the financial lifeline of any business. It is a fundamental practice that can help guide you when things are unclear. By mastering it, it provides you with peace of mind. Below we take a deeper look into what cash flow management is and how you can implement it in your business today.
Ultimate Guide to How and Why Companies Buy US Treasuries
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.
Tips for Evaluating Management Forecasts
Have you ever wondered how businesses predict their future success? This is where management forecasts come in. These forecasts, which can range from financial projections to sales estimates, guide businesses through uncharted waters.
Hidden Costs of Employee Benefits
If you want to attract and retain decent and loyal staff, you need to be offering an attractive benefits package along with the employee’s standard salary. But many employers are reluctant to do so because of the hidden costs.
How Does a Fractional CFO Help Save Your Business Money?
Successfully navigating the intricate and complex world of business finance requires a deft and experienced touch, especially when it comes to maximizing savings and efficiency.
How Does Outsourced Payroll Work?
Payroll compliance is when your business adheres to all the payroll legislation and legal regulations for the processing of payroll. Non-compliance can be consequential.
What R&D Tax Credit can be found in the Technology Industry?
We’ve started a new series of blog posts, where we’ll dive deep into various industries that are eligible for the R&D Tax Credit, and today, we kickstart with the dynamic and ever-evolving Technology industry.
Workers Compensation in California
Without workers’ compensation coverage, an injured employee could file a lawsuit against the employer, and practice owners may find themselves liable for the settlement.
All About Payroll Compliance
Payroll compliance is when your business adheres to all the payroll legislation and legal regulations for the processing of payroll. Non-compliance can be consequential.
Can a CPA Certify Financial Statements?
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.
How Does HR Outsourcing Work?
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.
Final Paycheck for California: An Employer Guide to Terminating Employees in California
A guide to understanding the obligations and responsibilities as an employer. Tips and best practices for handling terminations and severance packages.
California PTO vs Sick Leave
Time off from work is an essential aspect of work-life balance, and employees’ rights to paid time off have become a critical issue in recent years.
Research and Development (R&D) tax credit for businesses | Finvisor
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.
Changes on form I-9 for employers and business owners, remote to in person
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.
Finvisor partners with Xero for all your accounting needs
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.
Do Accountants Typically Write Business Plans?
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.
Understanding I-9 Requirements for Remote Workers
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?
Our Guide to Working with Payroll Software
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.
Our Simple Guide to IFRS 15 Revenue Recognition
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.
What are the Typical Duties of a CFO?
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.
All About Journal Entries for Contract Revenue Recognition
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?”.
An Overview of Financial Reporting
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.
Our Guide to Reviewing I-9 Forms for Compliance
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.
Noah Hopton, Finvisor CEO, Featured on the DotCom Magazine Show
Finvisor’s very own CEO & Founder, Noah Hopton, was recently featured on the DotCom Magazine show in an exclusive interview about how Finvisor supports small business founders and entrepreneurs in scaling their businesses through each milestone.
How Different is the Role of a Financial Controller to a Chief Financial Officer?
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.
How to Streamline End-of-Year Taxes
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.
Outsourcing Human Resources for Startups
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.
What are Early Exercisable Stock Options?
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.
How to Choose the Best Accountant for your Startup
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.
Five Signs Your Startup Needs Accounting Help
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.
FSAs and HSAs | Finvisor
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.
Should My Startup Get An Accountant?
Obtaining the services of an accountant can be a highly worthwhile investment. Learn more about gauging your startup’s need for using an accountant to ensure your business can scale effectively.
401(k) and SIMPLE IRA
Both 401(k)s and SIMPLE IRAs are powerful retirement benefits plans a business can offer their employees. Learn more about these each of these unique options to find which best suits your needs.
The 5 Steps of ASC 606
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.
The Comprehensive Guide to Virtual Accountants
A virtual accountant does all of the same work of an in-house, in-person accountant. Instead of working in an office, a virtual accountant works remote.
Best Practices for Effective AR Reporting
Accounts receivable (AR) reporting gives your business insight into outstanding invoices and money owed to the company. Any time you make a sale or render service and are not immediately paid, you have receivables.
The Simplest Steps for Streamlining Your AR Invoicing Process
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.
How to Do Small Business Accounting the Smart Way
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.
How to Correctly Prepare Deferred Revenue Journal Entries
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.
2022 Tax Dates
With 2021 wrapped up we hope you enjoyed the holidays with family and friends. It’s good to start thinking about 2022 and taxes.
Why Invest in Management Consulting for Startups?
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.
Corporation type (Sole proprietor, LLC, S Corp, C Corp, B Corp)
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.
Benefits Broker: The Ultimate Guide
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.
The Financial Impact of a Strong Web Presence and Marketing Strategy
How do you craft a financially effective web strategy to improve SEO and your marketing presence? Read on to learn more about the best tips to maximize your web presence within your budget.
Returning to Work After Covid
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.
The Biggest Trends in HR Outsourcing
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.
Commuter Benefits
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.
Unearned Revenue
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.
Cash vs Accrual Accounting Methods
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.
Bench vs QBO: Accounting Software Comparison
Both Quickbooks Online 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.
Xero vs Bench
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.
Planning Tax Efficiency
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.
Parental Leave
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.
Fyle Finvisor Partnership
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.
Retirement Plans for Small Businesses in California
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.
California Rules on Vacation and Paid Time Off PTO
California employees want to know about their earned time off, for vacation and other needs, and employers want to know what they are obliged to offer.
2021 Tax Dates
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.
1099-Misc and 1099-NEC: Employer’s Guide to Issuing 1099’s
To ensure that your business doesn’t miss a tax deadline or tax break opportunities, get up to speed on the new 1099 tax form and the new 1099-NEC form.
Everything You Wanted to Know About Fractional CFOs
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.
California Sexual Harassment Training: The Comprehensive Guide
Since 2019, all employers in California with five employees or more are required to provide sexual harassment prevention training to everyone. Re-training is required every two years for every employee.
Software Subscription Revenue Recognition: A Complete Guide
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.
A Guide to Section 83(b) Election for Startup Founders
We’re here to demystify the details of the 83(b) election, where startup founders receive equity in exchange for work, including the process of filing.
The Comprehensive Guide To Employee Benefits Management
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.
2020 Tax Dates
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.
San Francisco Health Care Security Ordinance (HCSO)
The San Francisco Health Care Security Ordinance (HCSO) requires Covered Employers to satisfy an Employer Spending Requirement by making health care expenditure for their Covered Employees, among other reporting and notice requirements.
R&D Tax Credit—what is it?
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.
Pre-Safe, Post-Safe, and Convertible Notes
How to choose the best funding for your startup: pre-money vs post-money valuations for startups. Should we raise convertible debt, SAFE notes or equity?