article thumbnail

The Startup Guide to Affordable Accountancy

The Startup Magazine

You probably know that the majority of startups fail within the first five years. With staggering statistics like these, it’s clear that startups need to come up with affordable ways to handle their accounting services needs in order to avoid bankruptcy. In reality, 90% of them fail. Image Credit: Ross Williamson | Flickr.

CPA 70
article thumbnail

Building A Successful CPA Practice

YoungUpstarts

Once you go through the steps to complete your education and obtain your CPA license, you can start working toward building up your business. Here are some important first steps that can help you build up a successful CPA firm. One of the first things to do is decide how you want to break into the CPA industry.

CPA 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Startups Can Prepare For Their First Tax Audit

YoungUpstarts

Usually, the last thing they think about is when they should be talking to a CPA firm about their business lifecycle. It’s never too early to build a relationship with a trusted advisor, like a CPA, to understand the financial inner workings of the company. Think of it as quantum theory – small early steps can lead to huge benefits.

article thumbnail

Small Business and Startups: 5 Tips For Keeping the Books

crowdSPRING Blog

Enter the accounting team: you, your bookkeeper, your CPA, and (sometimes) your tax specialist.Rat. The best way for small business owners and startup entrepreneurs to deal with that complexity is through careful planning, detailed documentation, and careful organization. Small Business and Startups: End-of-Year Mishegoss, 2013!

article thumbnail

The Financial Services of a Dallas CPA Firm

The Startup Magazine

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.

CPA 110
article thumbnail

4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. In the beginning stages of most startups, the founder is the manager, marketer, salesman, among other titles. If you are not able to set this up, hire a Certified Public Accountant (CPA) to help you through the process. Included in this list is the role of accountant.

CPA 100
article thumbnail

The Latest Questions Small Businesses Are Asking

Up and Running

While there are no guarantees any startup business will be successful, a good first step to determine if an idea makes sense before proceeding with an investment of time and resources is to do a venture feasibility study. Do I need to hire a Certified Public Accountant (CPA) for my small business?