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How Do Accounting Rules Impact SaaS Businesses?




When it comes to revenue recognition, SaaS companies have some special challenges, including additional considerations that require them to exercise a great deal of discretion in regards to when and how to recognize revenue and record expenses relative to other type of businesses. That will become even more challenging once FASB’s

Choosing an Outsourced CFO: How to Find the Right Fit




In the early days of your startup you might be just fine handling your own basic bookkeeping and expense management or even outsourcing those tasks to a small firm or an individual. But you will reach the point where you both need and want more sophisticated help. Maybe you’re close to getting outside investors or maybe your revenues are growing faster than you projected (cong...

Crowdfunding: Startup Tax and Accounting Impacts




It seems that you can’t read about startup funding these days without hearing about someone’s wildly successful crowdfunding campaign. There’s also no shortage of cautionary tales either; just read the press around HealBe. To be clear, I am talking about crowd...

Startups And Owner's Draws: The 411




This guest post by Robert W. Ditmer was originally published on Justworks. In many businesses, workers are paid wages or a salary, compensation that is subject to income tax withholding and employer taxes. But sole proprietors, partners in a partnership, and members of a limited liability company are not paid wages because they are...

Setting up Your Startup Accounting: What to Do When




When your business is in its early days, your main, and definitely most important, areas of focus are product development and customer acquisition. While it won’t be your primary focus, your startup accounting is equally important to get right, in order to build a strong foundation to help you reach your strategic goals. In a recent webinar, Sirk Roh covered what you should be...

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