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Tax and accounting treatment for website development costs

The Startup Magazine

Or does it go on the balance sheet and count as an asset? If Adam had put his website on his balance sheet by mistake, he’d have been taxed on all his £100,000 profits. If you’re unsure of what a balance sheet is – it’s a statement of the assets, liabilities and capital of a business. But which part?

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. We want a strong balance sheet (um, ok.

Burn Rate 383
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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? What happened? There was no money train.

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How to Put Personal Money into Your Startup In 6 Steps

The Startup Magazine

It is estimated that at least 80% of all startups rely on personal funds from their founders for operations, albeit in their formative stages. Most startups often forget this vital element, which often forces them to use the trader account to meet their personal needs. Bootstrapping is a common way to fund a prospect.

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6 Things High-Growth Startups Do Differently

The Startup Magazine

If there’s one thing that we can learn from studying successful startups and corporations, it’s that there’s no singular path to entrepreneurial success. But at the same time, it’s clear that most high-growth startups do things a bit differently. The Differentiating Factors of High-Growth Startups. They Raise More Money.

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Startups: How To Apply For (And Win!) Business Awards

YoungUpstarts

Our startup, TempaGoGo , a comparison website for temporary agency recruitment, won 3 awards within 6 months, including the Innovator of the Year award from Hounslow Chamber of Commerce , in partnership with Heathrow. Early-stage startups might want to consider local opportunities first before plunging into national awards!

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5 Ways to Improve Your Business Financial Management

Up and Running

These advanced platforms can help small businesses, startups, and solopreneurs automatically log transactions and monitor account balances. The three basic financial statements to start with are your profit and loss, balance sheet, and cash flow statements. Invest in financial management technology.