SaaS founders discovering that their business qualifies for R&D tax credits often lament that they didn’t take advantage of the credits sooner – but presuming qualifying activities took place in previous years, you may be able to retroactively file for this...
As the end of the year approaches, many business owners seek out last-minute opportunities to reduce their tax liability for the current year while making strategic investments for the future. If this sounds like you, taking advantage of the Section 179 deduction...
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,...
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...
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...
Every business owner understands the power of setting goals. They’re a motivational tool that provides direction and they help you measure progress along the way. But did you know there’s a science to setting goals to more effectively achieve your desired result? In...
Buying a rental property or converting your current residence into a rental when you upgrade your home can be an exciting investment opportunity with unique wealth building and tax advantages. But making the leap into the world of owning and managing rental property...
