In their 2015 Holiday Season Recap, Stitch Labs estimates 40% of annual retail sales occur during the holiday season. As that revenue starts pouring in, you’ll want to be sure your business is setup to turn sales into profit. With that in mind, I’ve enlisted the help of my friend and inDinero tax manager, John Finley CPA, to share his go-to game plan for a lucrative end of the year.
Editor’s Note: When choosing the next president or voting in any election, business owners must put aside personal opinions or beliefs and realize the broader implication of their decisions. For this article, we’ve asked entrepreneur, immigrant, and founder & CEO of Entryless, Mike Galarza to outline how different policies on immigration might affect his business, as well as the startup community and the nation as a whole. This article expresses the views of an individual, not inDinero as an organization.
Crowdfunding is often hailed as a golden goose for entrepreneurs and small business owners, just waiting to bring you into millions of dollars and internet stardom.
Ultimately, crowdfunding is one means of raising capital from individuals in an effort to fund a private endeavor. It is a business practice that has brought great success to countless entrepreneurs and businesses, and it is certainly worth considering for getting your startup or inspired idea off the ground.
After a long, contentious, and heavily covered race to the U.S. presidency, the 2016 campaign cycle is coming to end in only a few weeks. Chances are you’ve been overloaded with news and commentary and—whichever candidate you support—you’ll be somewhat relieved after the results are announced on November 8th.
But that doesn’t mean you should tune out until then. Between the candidates’ platforms, tax plans, and stances on topics such as healthcare, immigration, and consumer protection, there are important issues at stake that may directly affect your organization and industry.
While software as a service (SaaS) has quickly revolutionized our lives, it is still a fairly new way of doing business. Due to the heavy emphasis on digital transactions, many states’ sales tax laws haven’t kept up with this new technology.
There are an infinite number of reasons why a business may not be able to file their taxes on time. Between demo days, investor meetings, and late-night team strategy sessions, the bookkeeping and tax prep for an early stage company can often fall by the wayside.
This article is for the overworked business owners out there who missed the September 15 filing deadline for their 2015 business income taxes. The most common question on their minds is: what now?
To move forward and get taxes filed after missing the income tax deadline, there are a few basic steps that business owners should take.
Maybe you hate spending your Saturdays in spreadsheets, or maybe you hit a few major milestones and are outgrowing your current system. Regardless of what’s driving you to outsource your accounting, there are a few factors you must take into account during this transition.
Seasonality is a common experience many businesses face when they’re building out their budget. There are obvious examples in the form of tanning salons and ice cream shops to tax firms and event space venues, but even a digital agency or SaaS startup can experience high and low points in cash flow throughout the year.
Here’s a few tips on how your business can plan for seasonal slumps and take advantage when business is booming.
Innovative companies across industries have always been able to apply for valuable Research & Development Tax Credits based on qualified activities and personnel working toward developing new products and technology. However, startups and other pre-profit businesses—who don’t have much (or any) income tax liability—couldn’t justify applying for the credit as a priority... until now.