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Startup Spotlight on Moozicore: How inDinero Helped One Startup Bring its Digital Jukebox to the U.S.

Posted by Celene Robert to Startup Tips, Accounting, Funding, Business Advice, Case Studies, Customer Spotlight

When was the last time you were at the gym, and cringe-worthy music completely distracted you from your workout? Or worse, while enjoying celebratory drinks out with friends, has gloomy background music brought down the atmosphere? Music is the social glue that binds us together, and yet in public spaces, we’re exposed to music we don’t like and no ability to change it.


Polish entrepreneurs Hubert Kawicki and Adam Krzak created a digital jukebox, Moozicore, to allow you to create your ultimate playlist at gyms, restaurants, or clubs directly from your phone. Giving the power back to the people, it starts at only 50¢ a song.

QuickBooks vs. inDinero: Which Is Right for Your Business?

Posted by Celene Robert to Taxes, Accounting, Business Advice

 

If you’ve made it this far, I assume you’ve done your research on QuickBooks alternatives and are thinking about buying inDinero. So the next logical question is, “how does QuickBooks compare to inDinero?”


Great question, self! The difference between QuickBooks and inDinero is a topic we run into frequently in our conversations with founders. Outside of those conversations, there’s no shortage of blog articles, Quora posts, and side-by-side reviews attempting to provide answers as well.


Let’s settle the question for good.

Which Financial Professionals Do You Need as Fundraising Consultants for Your Startup?

Posted by Celene Robert to Startup Tips, Accounting, Funding, Business Advice

“You have to spend money to make money.” The familiar business adage is perhaps nowhere more true than when it comes to fundraising. From researching VC firms to developing the pitch deck to buying that carbon fiber bike and lycra suit for cycling-based networking, finding investors is an investment in and of itself.


With the right team of financial professionals, however, you can minimize your upfront expenses and maximize your fundraising ROI (or is that ROIOI?). Whether strategizing with you as a co-pilot or merely taking some responsibilities off your plate, bookkeepers, accountants, controllers, and CFOs all play major roles in your startup’s fundraising success.

Spotlight on CommonCoach: How Inline Is Democratizing College Admissions From The Inside Out

Posted by Celene Robert to Customer Spotlight, Startup Tips, Case Studies, Business, Accounting

Share an essay on any topic of your choice. It can be one you've already written, one that responds to a different prompt, or one of your own design.


This is just one of many Common Application questions university candidates are facing today. Anyone facing college admissions is looking forward to hours, maybe days, of wading through demographic, academic, personal, essay (we could go on, there are so many more!) questions, often on their own or with the help of a very overworked school counselor. Perhaps the most daunting challenge for students is that they don’t understand which questions are most important, and how your answers affect your admission.


A couple of former admissions officers, Anna Ivey and Alison Cooper Chisolm, decided to level the playing field. They started CommonCoach and built their product, Inline, which provides real-time, expert support for all those pesky general questions. And the best part - you can get started for free.

Get Your Docs in a Row with Document Management

Posted by Celene Robert to Business, Accounting, inDinero Product Updates, Startup Tips

We know the moment well: you need your business’s tax return from the early 2000s and you know it's saved somewhere on your computer. However, the name, location, and really any other detail eludes you, as decades have passed. After 30 minutes of aimless searching, the tax return surfaces under an obscure filename.


Don’t let search get you down.


With Document Management (or Doc Management, as we like to call it), you have more control over all your business’s documents. As your virtual filing cabinet, you can upload, view, download, or delete important files like tax return, cap tables, or monthly billing statements.

Start Hiring Sooner—the IRS (and Your State) Will Literally Pay You To Do It

Posted by Celene Robert to Startup Tips, Business Advice, Business, Accounting, Taxes, Payroll

Hiring? If you run a startup, you probably should be. Job growth is up, unemployment is down, and our country’s already competitive labor market is on track to tighten even further in the coming months.


Long story short: now is the time to focus on employee recruitment and retention. Fortunately— for once—you can count on the Internal Revenue Service for help. Numerous tax credits cover costs associated with hiring. In fact, the United States tax code is full of benefits and incentives aimed at helping emerging companies like yours create jobs. Check out a few ways the government will literally pay you to hire people:

What Could Your Startup Accomplish With an Extra $250K in 2019?

Posted by Celene Robert to Startup Tips, Taxes, Business Advice, Business, Accounting

A quarter of a million dollars could transform your startup. Or it could buy you a vintage Taco Bell hot sauce packet. No joke—as of this writing, that is a genuine listing on eBay: one unopened pouch of Taco Bell hot sauce, circa 1984–1992, priced at exactly $250,000.


If you can think of better ways to spend $250,000 (or if collecting expired condiment packets is truly your definition of Living Más—I won’t judge), you should consider claiming the United States Research Experimentation Tax Credit, commonly referred to as the R&D Tax Credit.


How Founders Can Prioritizing Their Spending to Maximize Business Growth

Posted by Hiten Parmar to Startup Tips, Budgeting

Founder of Amazon, Jeff Bezos, says, “We cannot be in survival mode. We have to be in growth mode.” Any business must be growing to survive and flourish, especially in its initial years. No matter how compelling your mission statement is, as a business, you have one prime purpose: Making money.


In every possible scenario, you need to spend at least some money to make money. Most business ventures fail soon after launch or midway, when they have flaws in their strategies, so making the right decisions about what your business prioritizes and invests in is the most crucial part of being a founder or CEO.


Unfortunately, you see thousands of admirable of businesses and entrepreneurs who waste initial capital or seed funding by plunging money in some business functions while underinvesting in the initiatives that would’ve moved the needle. The primary cause of businesses to flounder is improper or maverick investment strategies.


Here we look at proven and workable means on how to invest your capital for maximum business growth.

 

Why Location Matters When Filing Business Taxes

Posted by Melissa Hollis to Taxes, Business Advice

Where you do business says a lot about your company. If you’re a clothing shop in Waikiki, you probably have to keep your bikinis and boardshorts stocked all year round. If you’re a therapist in New England you might find your busy season ramps up in November due to seasonal depression. But no matter what you do where you do it affects how you file your taxes.

The Role Outsourced Accounting Plays in Growing Your Startup

Posted by Melissa Hollis to Taxes, Accounting, Business Advice

Here’s a phrase you never thought you’d hear from a CEO who just raised seed funding: “Nobody told me how difficult success can be for a startup.”

 

This may not sound like much of a problem. But the more I thought about it, I realized that many early-stage businesses start out with blazing potential and burn out before they reach it.

Success starts when you take charge of your finances.

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