The Nomad Financial Blog

12 Tips for Year End Tax Planning

12 Tips for Year End Tax Planning

Right now is the best time for year-end tax planning that might help lower your tax bill.  Here are 12 tips to consider using for your business and personal tax returns before ringing in the new year. Year-end tax planning for business: Invest In Your Property Consider making business expenditures that qualify for the business property expensing option (example: computers, furniture & fixtures, etc.). Move […]

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Fact: You’ll Hire Three Times For The Same Role

Fact: You’ll Hire Three Times For The Same Role

Iterations of the Role Another factor that most small business owners don’t take into account when making the decision of whether to make a hire, and specifically a financial hire, is the fact that you will likely have to go through the costs of hiring for the role three times. Let me explain. Build: The first hire is to find someone who can fill the […]

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Benefits of Outsourcing

Benefits of Outsourcing

Outsourcing As I’ve discussed in my previous emails, business owners often don’t predict the full cost of hiring for financial roles, have trouble knowing when their workload justifies internal hires, and don’t anticipate the fact that once they’ve created a role internally they will likely have to pay to rehire it three times. Often, outsourcing the role can be the answer for efficiently growing your […]

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What Investors Expect: 409A + Stock Treatment

What Investors Expect: 409A + Stock Treatment

This is the final installment of our What Investors Expect series; I hope that the content we’ve provided has helped you to better interact with your new investors, and has set you on the path to success. Firstly, what is a 409A valuation? A 409A valuation is an official report valuing the common stock of your company Why do I need a 409 valuation? You […]

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Hiring: When to Invest in Hiring

Hiring: When to Invest in Hiring

Employee Workload It can be difficult as a business owner to know when to invest in hiring additional staff; hiring affects staffing levels and capabilities, but it also affects profits. You should only considering hiring to fill a role if the following are true of your business. Staff are Overworked: If your team is stressed, overwhelmed and constantly struggling to meet deadlines then it could be […]

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What Investors Expect: Quarterly Board Meetings

What Investors Expect: Quarterly Board Meetings

Before the Quarterly Board Meeting: What most entrepreneurs don’t know is that some of the most important steps you can take to ensure a successful board meeting come days before the meeting begins. For example, you should be sending out a board book 3+ days in advance. This will give your investors enough time to review the material you will be presenting at the board […]

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Hiring: True Cost of Finance Hires

Hiring: True Cost of Finance Hires

True Cost of a Finance Hire Many business owners don’t realize the true costs of building out a team;  when hiring internally, you have to consider the hidden costs such as training, recruiting, turnover, and benefits.  Even more recently, we’ve seen these costs escalate as the market for strong talent tightens.    With each finance hire below, you are typically recruiting for a specific skillset […]

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What Investors Expect: Be Audit Ready

What Investors Expect: Be Audit Ready

Audit-Ready financials are important for many reasons beyond ”being Audit-Ready”. Institutional investors require having your financials audit ready for a few reasons: Ultimately you are spending their money, and this means having checks and balances in place to ensure above-board spending and peace of mind. Many times investments are provided in tranches, instead of all at once.  Missed or inaccurate financials will put future tranches […]

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What Investors Expect: Investor Updates

What Investors Expect: Investor Updates

During your key early days with institutional investors, the best way to keep them engaged in your company is with monthly investor updates. Maintaining consistent updates is crucial for a strong relationship with your investors, and the good ones expect it. By treating them as though they are partners in the business rather than just capital contributors, you build trust as well as set expectations […]

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Part III: Limited Liability Corporation

Part III: Limited Liability Corporation

“Simplest form of incorporation”   After soft-circling it for 3 posts, we are finally here! A limited liability corporation (or LLC as it is commonly known) is the simplest formalized structure; it finally relieves the general partner/s of their responsibility to cover the liabilities (debts/taxes) of the corporate entity. More plainly, your personal assets are protected. As this post will show, a limited liability corporation […]

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