As a CPA firm, we get a unique look into a lot of businesses. We get to see behind the curtain and analyze the inner workings. As we offer accounting services to a wide variety of startups, we start to see trends and commonalities emerge. That’s been especially...
By: Kacie Goff In the 70s and 80s, when inflation was closer to a fairly staggering 10% here in the U.S., tech companies were relatively rare. It’s no surprise. The Great Inflation didn’t create an ideal space for innovation, certainly. Businesses had a tough road to...
It might be time to update the old adage. Maybe it’s not cash that’s king, but cash flow. One study conducted by U.S. Bank concluded that 82% of business failures can be chalked up to bad cash management. When your startup’s in its early days, it probably isn’t...
By Kaci Goff By late 2020, experts had already started speculating about what the pandemic would do to the workplace. As a result, many workplaces moved to a “virtual first” mentality, and Zoom became a verb in a whole new way. That was especially true in the tech...
By Kacie Goff As you work to scale your startup, the old adage rings true: cash is king. The more cash you can have on hand, the easier it is to build your best product and launch into new opportunities. And tax deductions give you an excellent way to maximize your...
As a tech startup founder, you’re keenly aware that your finances can make or break everything. That can make finding a CPA feel particularly stressful. Honestly, it’s a good area in which to exercise some care. Putting in the time and effort to find a CPA who’s a...
Founders, for 2021, the threshold to issue a 1099-NEC remains $600 for payments made in the calendar year 2021. You must issue a 1099-NEC to the following: Services performed by someone who is not your employee (including parts/materials) - (box 1) Payments to an...
As we head into the end of another wild year, you might be feeling particularly ready to wrap things up. But you might also be feeling some fatigue from all of the uncertainty — not to mention the hustle of growing your tech startup. Whether looking to 2022 feels...
By: Kacie Goff It usually takes a while (read: years) for a tech startup to start turning a profit. But that hasn’t stopped plenty of entrepreneurs from turning a good idea into a revenue-generating business. The issue becomes bridging the gap between developing the...