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by Bryce Welker, founder of Crush The CPA Exam. A certified public accountant (CPA) will perform the audit. A CPA will affirm to the IRS that your company’s financial statements are truthful once he or she has audited bank statements and other documentation to eliminate any errors. StockOption Expensing. .
But it’s an important consideration, especially for companies that plan to offer alternative compensation such as employeestockoptions, which will usually require a 409A valuation. Startup companies are often cash poor and have little in the form of current monetary compensation to offer their employees.
Make sure your key employees are incentivized. Make sure to put in place incentives (like a sale bonus or stockoptions program) today to avoid eleventh-hour power plays. Smaller companies should have their financials reviewed by a reputable accounting firm (again, not cousin Gladys the CPA). Run a tidy “house”.
Unlike employee training costs, which can typically be spread over years of service, the relative return from training a consultant is modest and pricey. The final straw came when I asked the latest 25-year old a simple ‘yes / no’ question related to stockoptions. John is a CPA and holds an M.B.A.
I have no idea what kind of offices, how many employees do you have, what are you doing, that is not my strength. It’s going to make, and their employees, but I think we’re just scratching the surface of the changes that will come over the next, probably 10 to 15 years. My strength is understanding. That’s my dream.
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