Startup Checklist for Founders and VCs
Startup checklist for assessing and tracking important administrative issues.
Accounting Salaries and Roles
The standard suggested spend on finance is 1% of revenue. Following that logic, the company with one accounting manager should earn over $12.5m in revenue. What should companies below $12.5m do? I am certain that given the use of offshore employees by most accounting shops and massive leaps in technology, companies >$5m, should keep finance costs below 1%. On the other hand, companies <$5m should be able to keep their finance costs between 1-2%.
Reducing Oil & Gas Taxes with Expert Tips
Tax considerations for reducing oil and gas taxes with the help of Andy Hall, tax manager at Weaver based in Fort Worth, TX. This industry is heavy with fixed and intangible assets, and development, operating and disposal costs. Federal and state tax codes provide a plethora of deductions and tax treatments for all this activity.
2024 Cannabis Tax Expert Insights
Taxation in the cannabis industry is complicated, whereas some states have legalized it to varying extents, it is still considered to be a Schedule 1 drug by the federal government. In their eyes it is illegal to use cannabis in any capacity, although there are exceptions in cases where states have legalized its use. And because it’s not legal, thanks to IRC Section 280E, cannabis companies are getting very few breaks and paying lots of taxes. There are a lot of factors to consider between federal and state rules, so let’s dive in.
Navigating 1099s to Avoid Penalties
A quick 1099 and W9 form guide everyone should keep by their desk, followed by best practices for collecting information needed for them, backup withholding tax review, and penalties for noncompliance.
Measure Marketing Performance With 5 Financial Metrics
You don’t need magic to figure out if your marketing works. Dig into the details and work with your accounting team to measure marketing performance.
Bad Accounting Epidemic: Top Symptoms
Bad accounting is everywhere. Chances are that you have it. Top symptoms include never getting...
Minimize Delaware Franchise Taxes: How to file and pay less
As the deadline for Delaware franchise tax filing approaches on March 1st, many companies will overpay this tax due to incorrect filings. It’s easy to ensure you’re not one of them.
Bella Wasn’t Forecasting Cash Flow and Learned a Hard Lesson
How one business owner learned that forecasting cash flow is just as important as making sales.
Manufacturing KPIs: Top Leading & Lagging Metrics to Grow Your Business
Check out the list of top manufacturing KPIs, split out by leading vs lagging metrics. When it comes to manufacturers profit margins are tight and every decision matters.