The Startup Magazine
MAY 7, 2024
In this article, business expert Troy Renkemeyer aims to demystify the process of developing and implementing a robust tax strategy tailored to the unique needs of small businesses. Maintaining diligent records is paramount to ensuring these deductions are accurately captured and substantiated in the event of an audit.
YoungUpstarts
MARCH 12, 2018
Developing profitable products and services constitutes a major part of starting a business. It is crucial to know the sales tax laws bounding your state and city, otherwise, this will lead to incurring losses when you pay your tax dues. Use online bookkeeping software. by Dustin Pfluger, Partner at BKM Sowan Horan, LLP.
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The Startup Magazine
JULY 1, 2019
What you may not know is that 82% fail due to poor cash flow management, according to a study by a US Bank. In their study, they found that most businesses fail due to poor understanding of cash flow and lack of a well-developed business plan. Accounting Software. In such cases, accounting software will do just fine.
Board Effect
DECEMBER 1, 2023
In a session at a recent Diligent conference, three industry experts gathered to share their experience, explore board member onboarding, and discuss how technology can be used to bring new trustees “into the fold” ready to contribute. Hold board orientation sessions and make sure to review board manual with new member.
The Startup Magazine
JUNE 8, 2022
Becoming a Certified Public Accountant (CPA) elevates a person’s standing among business contacts and peers in the accounting industry and clients and regulatory authorities. A CPA must have completed a certain amount of required coursework, pass a challenging exam consisting of four parts, and agree to abide by a code of ethics.
YoungUpstarts
MAY 7, 2020
How can businesses understand their options and develop a cash flow timeline? As individuals, we instinctively keep a running check in our heads about when our bills are due and when we have money coming in. Make a list of bills you owe each month — it could be rent, payroll, utilities, inventory, software subscriptions, etc.
YoungUpstarts
JUNE 12, 2018
They spend a lot of time, effort and resources on developing a business plan, and even more time and effort on raising capital, finding the right people and developing strategic partners. Usually, the last thing they think about is when they should be talking to a CPA firm about their business lifecycle.
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