When it comes to taxes, the first month that pops into most people’s minds is April – but the most important tax month of the year should be November or December. Why? Because thinking about taxes before the year starts is the only way to engage proactive planning and...
Proper revenue recognition is one of the more complex compliance issues for SaaS companies. Causes for complications include: Subscription-based revenue Multiple performance obligations – setup, support, or consulting in addition to the software Discounts,...
R&D tax credits are among the most beneficial tax incentives available to businesses investing in innovation. As a SaaS company, you should be a prime candidate to leverage these credits to reduce federal and state tax liabilities and spur growth. While the rules...
In every business, cash is King 👑 But in the startup world, cash is the entire royal court – including the Jester. Understanding how money moves in and out of your business is crucial to survival at every stage of your growth journey, from pre-launch to when you make...
What does it mean to be “Tax Ready” and why should you care? Being Tax Ready ensures you have given us everything we need to prepare your return. The reason you should care is that the sooner we have all your documents, the sooner your return enters our tax...
Accountability Services is thrilled to announce our gold-level win at this year’s Seattle Times’ BEST IN THE PNW People’s Choice awards. Our team worked incredibly hard to make this happen, and we send our sincerest gratitude to the clients and community members...
Along with pumpkin spice lattes and way-too-early holiday music playing at the supermarket, fall is the season when your CPA firm sends out annual engagement letters for the coming year. A hefty document with as many clauses as a legal contract, reading through yours...
With limited resources compared to larger firms and specific financial needs, small business owners often struggle to find a CPA firm that understands their industry and is passionate about providing personal service. In this post, we’ll outline the features to look...
When you’re starting a new business, sometimes the things you don’t know really can hurt you. Expensive mistakes can be made at this stage that could easily have been avoided with the guidance of an experienced CPA. Mistakes that can cost tens of thousands of dollars...
Setting strategic goals is key to defining business objectives and highlighting the chain of actions needed to achieve them – but without a clear financial strategy, your business may not be able to afford to do what needs to be done. Financial planning and...
