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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Tailoring tax strategies to the specific structure of your business is fundamental to minimizing liabilities and maximizing returns, necessitating a nuanced understanding of the tax code and its application to each type of business entity.

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Revenue Recognition’s Effect On M&A

YoungUpstarts

A change in revenue recognition means a change in the due diligence process, specifically accounting diligence, modeling, quality of earnings and cost of integration. In certain industries, such as Software as a Service (SaaS) and hardware companies, the new standard is a minor tweak. What to consider.

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3 Simple Tips From A CPA For Managing Your Online Business’ Finances

YoungUpstarts

However, other aspects such as forecasting and accounting are equally as important in ensuring that a business continues to grow. It is crucial to know the sales tax laws bounding your state and city, otherwise, this will lead to incurring losses when you pay your tax dues. Use online bookkeeping software.

Finance 147
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Cash Flow

Up and Running

Regularly reviewing or analyzing your cash flow statement will show you when in the future you might be at risk of running low on cash so you can plan ahead and get a line of credit, loan, or other financing before you’re in the midst of a cash crunch. How to forecast and manage your cash flow. It doesn’t take a CPA or an MBA to do it.

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How to Run a Full Financial Audit of Your Business and Optimize Spending

Up and Running

Most people think of financial audits as investigations carried out by a certified public accountant (CPA). Review your supplier relationships and see if it’s worthwhile to pursue lower-cost alternatives. If you find such instances, review the contracts and ensure they don’t have minimum timeframes.

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Startup Tax Planning for Better Cash Flow Management

Up and Running

But accurately forecasting your tax obligations may seem difficult, particularly when you’re busy running a company. Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York. Set aside tax money every month.

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What a CFO Can Do For Your Agency

Duct Tape Marketing

Jason is a Co-founder of Thriveal, a firm that helps entrepreneurial CPA firms connect, learn and grow. He’s also the CEO of Blumer CPAs where they serve as an advisory firm for the design marketing and creative agency services niches. Does that muddy up the forecasting, the models, or the accounting? [12:31] Blumer CPAs.

CPA 85