article thumbnail

How Startups Can Prepare For Their First Tax Audit

YoungUpstarts

Usually, the last thing they think about is when they should be talking to a CPA firm about their business lifecycle. It’s never too early to build a relationship with a trusted advisor, like a CPA, to understand the financial inner workings of the company. Think of it as quantum theory – small early steps can lead to huge benefits.

article thumbnail

The Latest Questions Small Businesses Are Asking

Up and Running

A study co-sponsored by Crawford International and HR.com in Palo Alto, California in 2006 found that “companies that create adaptive corporate cultures outperform companies with non-adaptive cultures by a factor of 900 to 1 as measured by long term net income and stock price growth.” The most successful businesses have an adaptive culture.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Form a Corporation

Up and Running

Consider finding and working with a CPA and a lawyer. California can be appealing to California-based investors (particularly fast-growth tech companies) despite high income and corporate taxes, and franchise fees for all businesses regardless of size. Utah is often cited as having excellent online applications and forms.

article thumbnail

30 Entrepreneurs Reveal How They Came Up With Their Business Name

Hearpreneur

Gaining inspiration from the cultural landmark in California, we wittingly named our company “Hollyweed”, which was in honor of the recent legalization of cannabis in the state. I resumed that business in 2019 as a Certified Public Accountant and that is when New York state assigned Andrew Griffith CPA as my business name.

Naming 118
article thumbnail

How to Open a Marijuana Dispensary

Up and Running

We talked with two dispensary owners from pioneering states: Mitch Woolhiser, owner of Northern Lights Cannabis Company in Denver, Colorado, and Lincoln Fish, CEO of OutCo Labs, which manages the dispensary Outliers Collective in San Diego, California. If you’re in California, he also recommends reading Proposition 215 and Proposition 420.

article thumbnail

When DIY Is A Terrible Idea

YoungUpstarts

For instance, California and Connecticut set the 28 th as their deadline while Maine goes with the 15 th of every month. Whether you choose to use tax automation software or contract a CPA, just do your business a favor and take taxes off your plate. If these companies can miscalculate, your business can too.

article thumbnail

How to Choose the Best Accounting Software for Your Small Business

Women Entrepreneurs Can

Adam Zoucha is a CPA-certified dual US/British citizen serving as Managing Director of EMEA for FloQas t. Adam holds a Bachelor’s Degree in Business Entrepreneurship and a Master’s Degree in Accounting from University of Southern California. About the Author.