Starting a new business can be an exciting venture. However, if you want to succeed, you have to pull resources like capital and human resource to start on the right grounds. Capital is an important piece of this puzzle, and without enough of it, the business is bound to fail. The good news is, that’s not how your dream of …
From Budweiser to 7-Eleven and American Apparel, many of the names consumers love, trust, and consistently engage with are foreign-owned. In fact, foreign-owned companies employed over 7 million American workers and generated a massive 16% of all business investments in 2019, so it’s safe to say that foreign-owned businesses help drive a significant chunk of the American economy. With Globalization …
According to a recent PwC survey, 98% of employers (in the office setting) have shifted a significant chunk of their employees to remote work. And 89% expect it to stay that way even once the pandemic has officially “ended.” So, there’s a good chance that you’re reading this blog post next to a hot cup of joe and a …
If you’re an employer whose business relies on frequent vehicle usage, then you’re probably considering the options available to expense your business transportation. The best option is not always black-and-white, and often depends on the amount of time your employees spend driving, the size of your company, and other tax considerations. You have four main options for handling business transportation: …
We break down the differences between convertible notes, SAFEs and KISSes What is a convertible note? A convertible note is a short-term debt vehicle that startup companies often use to raise funds before their first institutional round of fundraising. These notes carries an interest rate and a maturity date and allow the investor to convert (hence the name) the note …
Amazon can move your inventory at will, and this could dramatically influence the states where you have a sales tax nexus and owe money. How To Determine If You Owe Sales Tax In A Specific State In general, you owe sales tax the states where you have a physical presence, receive benefits, or conduct business in. This would include your …
With the help of Entriwise and our guide below, you’ll be able integrate your sales data in Quickbooks accurately and efficiently. One of the first things you learn in accounting is that you need to reconcile your checking and credit card accounts to ensure that the transactions that make up your financial statements are accurate and up-to-date. This process involved matching the …
These days, there are a myriad of apps out there that can drastically simply your accounting and bookkeeping process. These applications help track all sorts of financial information, and should be utilized whether your business’s financials are tracked internally or by a financial services firm like ours. Accounting Software Quickbooks — Simply put, Quickbooks is the ideal business accounting software for small …
When the new tax law was passed, there were several changes made that every taxpayer should be aware of. First off, the “Tax Cuts and Jobs Act” does not affect your 2017 taxes. However, the reform bill could significantly affect your tax situation for 2018. Below are some of the most importance changes that you should be aware of. Alternative …
Introduction The modernization of the accounting profession is still in its initial stages. The industry has adopted cloud-based software and applications, but day-to-day operations are still manually intensive and require a variety of checks and balances to ensure the accuracy of financial transactions. For this reason, internal and external audits of a business are cumbersome and expensive. Blockchain technology acts …
