Last summer, we talked about some best practices for a tech company’s expense policy. If you read it, it probably got your wheels turning. As it turns out, solid — and IRS-compliant — expense management means a lot more than cutting a check for the amount of the...
In the grand scheme of things, layoffs can be a critical strategic move to help your company survive long-term. But if you’re in the middle of a round of layoffs or even considering them, it’s hard to get that high-level view. Layoffs are painful and can get...
As you grow your startup, you know you need to prioritize building the right team. And that means finding the right people with the right skill sets, which definitely isn’t easy. That gets even harder when you’re hiring for finance functions. You’re probably not an...
Akshay Shrimanker, our Founder and CEO, recently joined Blake Oliver, David Leary, and a panel of other accounting experts (Mike Moiśe CPA, Matthew May CPA, and Reynaldo Arellano CPA) on a special episode of the Cloud Accounting Podcast. With everything that’s been in...
Founders, for 2022, the threshold to issue a 1099-NEC remains $600 for payments made in the calendar year 2022. 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...
The time has come. You’re at the end of the road. Whether you’re dissolving your business or handing it over to another company that’s acquired it, you might be looking forward to the day when there’s a lot less on your plate. You’re not there yet, though. Before you...
In an ideal world, your startup’s product or service would be so wow-worthy that people would be falling over themselves to buy it. And you might have some cases of that. But it’s no way to build a business. If it was, sales and marketing departments wouldn’t exist. ...
As a founder, you get one of the biggest perks through equity in your company. In your early days, you probably aren’t raking in a huge salary or taking sizable owner draws. But you can still be padding your pockets through your shares in your company. While these...
Plenty of small businesses operate as a limited liability company (LLC) when they first set up shop. In fact, a big portion of LLCs operate as single-member companies with a sole owner. This sounds appealing in the beginning because LLCs are easy to establish, and...