Joe Harris 
A 409a valuation is a valuation of a private company’s common stock that is conducted in compliance with Section 409a of the Internal Revenue Code (IRC). The valuation is used to determine the fair market value of the company’s common stock for purposes of granting equity-based compensation, such as stock options or restricted stock units… Continue reading What is a 409a Valuation?
The accounting industry is undergoing a profound transformation, driven by technological advancements, changing client expectations, and a shift toward data-driven decision-making. Traditional accounting practices, rooted in manual processes and paper-based records, are no longer sufficient to meet the demands of today’s business environment. To remain competitive, accounting firms must embrace modernization and adapt to the… Continue reading Building Tomorrow’s Accounting Firm: A Blueprint of Modern Accounting Firm structure
In today’s digital age, the way we do business is rapidly evolving. One area that has seen significant changes is accounting. Traditional brick-and-mortar accounting firms are no longer the only option for small businesses. Remote accounting firms, also known as virtual or online accounting firms, are becoming increasingly popular due to their many benefits. Gone… Continue reading How Remote Accounting Firms Benefit Small Businesses
A 13-week cash flow forecast is an essential tool for managing a business’s finances. It provides insights into the cash flow position of the business over the next 13 weeks, allowing the business to anticipate any cash shortfalls and take proactive measures to address them. In this blog post, we will walk you through the… Continue reading Creating a 13 Week Cash Flow Forecast in 10 Simple steps
Journal entries are the bread and butter of accounting for small businesses. They are the primary means by which financial transactions are recorded, providing a detailed, chronological record of all business activities. Each entry consists of a date, a description of the transaction, and the amounts debited and credited to specific accounts. But why are… Continue reading Everything you need to know about Accounting Journal Entries
Sustainability in business refers to the practice of meeting the needs of the present without compromising the ability of future generations to meet their own needs. It involves integrating environmental, social, and economic considerations into business operations to create long-term value for both the business and society. For small businesses, sustainability is not just a… Continue reading How to Incorporate Sustainability into Business
As a small business owner in the United States, managing your taxes is a crucial yet often complex task. Effective tax planning can make the difference between your business thriving or struggling to stay afloat. By understanding your tax obligations, leveraging available deductions and credits, maintaining accurate records, and staying up-to-date on tax law changes,… Continue reading Underrated Tax Planning Tips Every Small Business Should Know
You’re a small business owner, eager to ensure your finances are in order. You reach out to several accounting firms for quotes, only to be met with a barrage of complex pricing structures and vague estimates. You’re left feeling overwhelmed and uncertain, unsure of which option is the best fit for your business. This scenario… Continue reading Accounting Services Pricing Guide[2024]
Return On Assets (ROA) is a key financial ratio that measures a company’s efficiency in generating profits from its assets. For small business owners, understanding and calculating ROA can provide valuable insights into how effectively their business is utilizing its assets to generate earnings. Let’s delve into what ROA is, why it’s important, and how… Continue reading What is Return On Assets and How to calculate it?
For startup companies, raising funds can be a crucial step in achieving success. Two common instruments used by startups to raise capital are the SAFE note and the convertible note. While both of these instruments are debt-like, there are significant differences between them. In this blog post, we will explore the differences between SAFE notes… Continue reading SAFE Note VS Convertible Note: The Differences