What is the new Beneficial Ownership Information (BOI) reporting requirement? And do I need to report? Starting on January 1, 2024, many companies in the United States will have to report
Question: I recently re-opened my Florida re-employment tax account number, however the FEIN number we previously used was under our former company name and this caused a conflict with our payroll
Notifying Shareholders When Shutting Down a Startup October 25, 2023 Question: I'm a founder shutting down my startup. How do I formally notify shareholders that the company is dissolving so they can get
The QSBS Chicken and Egg Dilemma Question: I'm a startup founder raising a pre-seed round of about $1 Million from angel investors. A few of the angels are asking for assurances
What changed in 2022 with the R&D tax credit for startups? September 26, 2023. Question: I recently met with a group of startup founders going through an accelerator to
September 5, 2023 Getting the Right Sales Tax Info from Stripe As a startup founder, you need to know your sales broken down by state for sales tax reasons. But you find
Finding the right accountant for your startup can be especially challenging if you don't know the right questions to ask. As someone who has worked with hundreds of startups, here
One of the most challenging areas of startup accounting is the equity section of the balance sheet. The equity section is where you track the financial transactions related to all
A recurring trait among accomplished founders is their thoughtful strategy in building a strong financial tech stack. As we'll explore, the realm of accounting, people operations, and tax services involves
Why a startup couldn't get paid because its name didn't match IRS records July 21, 2023 Question: One of our accounting team members asked for help. Her startup client was having
by Kayle Paustian, airCFO Manager of Financial Advisory In the earlier stages of any startup, founders are focused on building a solid team, creating healthy cash flow, and hitting key performance
There comes a time in every startup's journey where they need to decide on an exit strategy. Some early investors may even ask for your view as the founder as
There comes a point where every startup needs to start considering how they plan on funding their growth in the coming years. Angel investments, growing rounds of financing and lines
Startups track a lot of data as they begin to grow. From revenues to key performance indicators, net promoter scores and churn rate, these are all important factors to a
It’s a necessary evil for every startup. No matter whether you do it monthly or quarterly, investor reports and communication ensure you stay accountable to your external partners, and ensures
Possibly one of the most important concepts to come out of the 1990’s was the idea of “Lean Management.” The idea of driving efficiency and reducing waste to improve customer
What’s FP&A, why it’s important, and how to find the perfect partner for your startup? In the early days of any company, leaders like you often wear many hats, from product
airCFO’s latest service that helps level the playing field in your next raise. After months of development & testing, airCFO is excited to announce our newest service - Transaction Advisory. This
A good financial model will provide you with insight into your burn rate, hiring plan, and cash runway while also helping you plan for your next fundraising round.
The global coronavirus pandemic has altered the operating environment for all businesses. Early stage start-ups are no exception. Investors, market leaders and policy makers all expect a material decline in
So how is the SaaS business model different from other business models? And is it possible to attract early-round investors while building a SaaS product? By understanding your unique cash flow, it’s very feasible to build a business that can achieve growth through investment and mentorship.
As you start expanding with staff, software subscriptions, and office space, understanding your “burn rate” will become critically important. If you’re in the startup world, you’re likely already familiar with the concept - it has nothing to do with employee burnout or lost opportunities, but can create major problems if left unchecked.
Unless you’re on a remote island or mountain with no cell access, you’re probably already starting to feel the ripple effects on the economy and in our everyday lives from
No one should put themselves in a situation where they absolutely depend on getting this money back in any way, but if you plan carefully, you might be able to recover some of your expenses over time. Startup costs amortization is one of the ways to do so, and while it can be complex when it comes to taxes and planning, the basic idea is easy to understand.