A letter from the Internal Revenue Service is just about the last thing you want to find in your mailbox – but seeing the letters I-R-S on the envelope isn’t necessarily cause for having heart palpitations. It’s important to remember that the...
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How Far Back Can a SaaS Company Claim R&D Tax Credits?
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...
Maximize Year-End Purchases with the Section 179 Deduction
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...
5 Benefits to End-of-Year Tax Planning Meetings
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...
SaaS Revenue Recognition and ASC 606
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,...
Tax |2 min read
Understanding R&D Tax Credits for SaaS Companies
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...
Advisory |2 min read
Cash Flow vs. Burn Rate – What’s the Difference?
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...
Tax |3 min read
What it means to be “Tax Ready”
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...
Firm News |1 min read
Best in the PNW Gold Winner – Accounting Firm
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...
Firm News |2 min read
6 reasons why clients love engagement letters
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...