Mo’ Money Mo’ Problems: The Difference Between Profit and Cash Flow

Mo’ Money Mo’ Problems: The Difference Between Profit and Cash Flow

You came into work this morning and saw that your business turned a profit last quarter. Congrats! But don’t break out the mimosas just yet. A business can be profitable, yet have no promising signs of cash flow. So then what’s the difference and why does it matter? Profit A great word, we all know what profit means for us — mo’ money! But, by […]

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4 Things Your Tax Accountant Should Be Doing Now

4 Things Your Tax Accountant Should Be Doing Now

To avoid last minute fire drills and a generally stressful first quarter, your accountant should now be laying the groundwork to submit your tax return next year. What should you accountant be doing this early in the game? There are several things. In this article, we’ll take a closer look at four tasks a good tax accountant should have in hand at this important point […]

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Navigating Startup Intellectual Property

Navigating Startup Intellectual Property

If you’ve ever watched HBO’s Silicon Valley you’ve likely heard quite a bit about Intellectual Property (IP) and what it all means. But the big question is how can your startup tap the value associated with something intangible, like IP? Structuring an IP strategy can be an intimidating task, yet protecting it is vital to attract funding and partnerships as well as for defense against […]

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The True Cost of a Finance Hire

The True Cost of a Finance Hire

Okay, you’re looking to grow your business and that requires hiring. It should be exciting, right? Well, it is, but what many business owners don’t realize is the true cost of building out a finance team. Therefore, before you start, we have some not so secret secrets to let you in on. When you are hiring internally, you absolutely have to consider the hidden (or indirect, as they’re […]

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How to Prepare for the Next Market Downturn as a Small Business

How to Prepare for the Next Market Downturn as a Small Business

Economic downturns affect everyone, but small businesses may take a bigger hit than larger companies. Operating on narrow margins with a limited customer base, small businesses have an inherent vulnerability. Even a small decline in revenue or increased expenses can cause the company to go under. These issues may be avoided through diligent preparation for the next shift in consumer behavior. By paying close attention […]

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Improve Your Decision Making: Know Your Numbers

Improve Your Decision Making: Know Your Numbers

Most business owners and managers have a good feel for their business and industry. Gut feel and instinct are important, but the true pulse of a business is in its numbers. Here’s how knowing them improves your decision making. Improved Planning and Forecasting A retail manager probably knows without looking at any reports that their sales go up before the holidays. But exactly when do […]

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Alternative Lenders vs. Banks

Alternative Lenders vs. Banks

In recent months there has been an influx of startups that offer alternative sources of financing. Marketed to small businesses and individuals, these alternative lenders exist largely online and promote a quick application process. While these companies may provide access to funds for those who may otherwise face denial from banks, they typically offer different terms which clients may or may not find favorable. That’s […]

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Business Bots: Robotics Process Automation in Finance and Accounting

Business Bots: Robotics Process Automation in Finance and Accounting

The Terminator is back! – Not really, but, stemming from artificial intelligence, robotics process automation is now a transformational tool driving the future of business and the digital ecosystem. It doesn’t actually involve physical robots sitting at desks, either — RPA enables software robots to mimic and automate business professionals’ repetitive tasks, allowing for redirected focus to value-generating activities and increased worker productivity. They are […]

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Supreme Court Tax Ruling: States Can Force Online Retailers to Collect Sales Tax

Supreme Court Tax Ruling: States Can Force Online Retailers to Collect Sales Tax

Online retailers have long had a distinct advantage over brick-and-mortar shops: they don’t charge state sales tax. A new Supreme Court tax ruling, that passed late-June this year however, means that is about to change. By reversing a 1992 judgment that prohibited states from mandating online retailers to impose sales tax unless they had a physical presence in the state, the court has essentially opened […]

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What is an ICO? Is it Better Than Raising Venture Money? Is It Better Than an IPO?

What is an ICO? Is it Better Than Raising Venture Money? Is It Better Than an IPO?

Startup funds are essential for any new entrepreneurial endeavor, but raising those funds comes with trade offs. ICOs are newer and come with a long slate of unknowns. For some startups, however, it might be the best way for them to get an influx of much-needed cash. The turbulent track record of ICOs, however, demonstrate it is not always the ideal route for funding. What […]

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