SaaS Revenues: Every Founder’s Accounting Nightmare
When working with investors, solid bookkeeping efforts are more important than ever. Many startups opt for a cash model as it’s straightforward and makes sense in the context of potentially showing a larger balance in the bank, but the accrual method of accounting provides a more accurate financial snapshot at any given time.
Accounting & Taxes,Scaling Your Startup,Metrics
How to Improve Scalability in Cost Structure
To improve scalability in cost structure, we first need to understand what cost structure is and how it might affect the scalability of a business.
Accounting & Taxes,Startup CEO Corner
Why Fast Growing Startups Can’t Ignore Good Old Fashioned Bookkeeping
Bookkeeping may seem passé or a necessity to simply outsource and forget about, but that’s far from the truth. In reality, bookkeeping is more essential than ever for startups whose prospects are determined by very specific values that show the reality of their business situation.
Why You Need SaaS Accounting Software for Your Startup
Accounting software offers so much more than Excel that it’s really a no-brainer for SaaS startups. Here's why you should be using SaaS accounting software.
Accounting & Taxes,Startup Law
Pass-Through Entities: New 20 Percent Qualified Business Income (QBI) Deduction
The Tax Cuts and Jobs Act (TCJA) added a new tax deduction for owners of pass-through entities – a 20 percent deduction of qualified business income (QBI) from a qualified trade or business. Here's what this means, who qualifies, and the limitations.
Accounting & Taxes,Startup Law
Choice of Entity: LLC vs. C Corporation
LLC vs. C Corporation tax advantages and disadvantages: The pros and cons of doing business as a C corporation versus an LLC taxed as a partnership.
7 Best Small Business Accounting Software Options
Our list of the best small business accounting software options provides business owners guidance in identifying the best accounting solution for their business.
A Supreme Court Decision SaaS Companies Need to Know
On June 21st, a U.S. Supreme Court decision made waves in the world of retail, rethinking a long-debated question about state sales taxes. Here's how it impacts SaaS companies.