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#GivingTuesday at inDinero -- 4 Inspiring Nonprofits Making An Impact

Posted by Celene Robert to Inside inDinero, Industry News

We survived the long Thanksgiving weekend (but barely). It’s time to put the unbutton-your-jeans level overeating of turkey and harrowing Black Friday shopping experiences behind us and look forward to the joyful holiday season. Celebrating the holidays comes in many shapes and forms and one of our favorites is #GivingTuesday.


Now in its seventh year, this global day of giving kicks off the charitable season by encouraging people to give to organizations, charities, and initiatives that are doing good. Raising an estimated $274 million in 2017, #GivingTuesday has grown into a motivational movement showcasing local and national nonprofits, charitable movements, and community events.


Looking for ways to participate this #GivingTuesday? Here are four of our clients’ and employees’ favorites to stir your charitable spirit:

4 Tax Act Changes That Affect Business Owners in 2018

Posted by Celene Robert to Taxes, Business Advice

 

Like so many others in the tax industry, we’ve spent the last 10 months combing through the 100+ page Tax Cuts and Jobs Act (TCJA) of 2017. There are many changes. Some of those changes are still being studied by accountants and the IRS alike, so it’s impossible to detail them all here. But we pulled out the top four changes you should know about the new law that could affect your 2018 returns.

5 Ways Bad Financial Data Can Cost You During Funding

Posted by Celene Robert to Business Advice, Mergers & Acquisitions, Investment, Funding


 

If there’s one four-letter word on the mind of every investor, it’s “risk.”


While virtually all investment opportunities involve some level of uncertainty, the people and organizations who eventually invest in your company—be they bank lenders, venture capitalists, or your friends and family—are the ones who are confident they have minimized their risk. Sure, they want to feel excited about an opportunity, but what they’re ultimately looking for is a safe bet.


How can you ensure that the company you’ve built poses the least amount of risk to investors possible? The answer is in your books.

Why Your Current Accounting Method Is Harming Your Startup's Chances at Success

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

As a startup founder, you need the right financial data in order to make decisions that put you in a position for growth. The right financial information will help you understand your investments, build a financial forecast, and plan for future funding raises. In order to get this information and really understand how you’re performing, you need accounting that looks forward––aka accrual accounting.


Accrual accounting is the most accurate, useful, flexible, and shrewd accounting method. So why do so many businesses neglect to use it?


One reason is that for non-finance people, the term “accrual accounting” is perhaps the most boring combination of two words in the English language, and explanations of what it is and how it works tend to be equally tedious. With that in mind, I’m going to explain accrual accounting through a decidedly not dull example.

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:

Success starts when you take charge of your finances.

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