Business 4 Entrepreneurs

Can Qualified Target Industry Tax Refunds Help You?

October 13, 2016

Growing tech companies throughout Florida can benefit from a myriad of tax credits, many of which were created specifically with the tech industry in mind. One such credit is the Qualified Target Industry Tax Refund (QTI), a discretionary tax credit designed to encourage the creation of high-skill jobs and encourage the growth of corporate headquarters [...]

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To W-2 or Not To W-2?

September 16, 2016

To W-2 or Not To W-2? That is, indeed, the question for burgeoning technology companies – whether to hire permanent employees or independent contractors. It’s a common decision faced by startups that don’t have much cash on hand and could have changing personnel needs as the company evolves. Instead of hiring employees and incurring the [...]

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Where Did All The Money Go?

August 22, 2016

“Where did all the money go?” This is a question startups often ask themselves once they have burned through a round of funding, and it’s not always an easy one to answer. Is it a gap in accounting? Or is it simply a purchase that required a lot more than expected? Whatever the case, there [...]

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Sweat Equity – You’ve Got It, But What Do You Do With It?

August 9, 2016

  You’ve been working day and night. You’ve shed blood, sweat and tears to launch your new innovative idea off the ground. Your start-up has no cash, but there’s another way that you can be compensated for your efforts – sweat equity. What does this mean? Start-ups and other newly formed companies typically offer sweat [...]

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The Next Step for Your Next Big Idea

July 28, 2016

  Accounting firms aren’t often sought out for marketing and product innovation ideas and advice. So, you may ask, what does an accounting firm know about this topic? Believe it or not, plenty. An accounting firm is a business – and any business has to make sure that the products or services it offers will [...]

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4 Signs You Need an Accountant

July 13, 2016

“I don’t need an accountant if my company isn’t profitable yet.” “We only have three employees – how hard can it be to manage our finances?” “There’s no way we can afford an accountant when we’re so small.” It’s easy to understand why many tech startups hesitate to consult with or hire an accounting firm. [...]

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Three Mistakes Tech Companies Commonly Make

June 23, 2016

We’ve all heard stories about the humble beginnings of many tech startups – a garage workshop with two sawhorses and a plank for a desk, working odd hours around a “day job” that pays the bills until success hits. Such a makeshift existence is common when you’re first starting out and don’t have many financial [...]

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Tech Startups and Investors – Thinking Beyond Your Idea

June 7, 2016

What makes a company investable? Through our years of working with technology startups, we’ve found that many of their leaders feel that the biggest selling point to investors is their idea. The cutting-edge technology they’ve developed – and the sophisticated processes to foster its development – are seen as the motivation for outside parties to [...]

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R&D Tax Credit Payroll Offset – How Your Firm Can Benefit!

May 19, 2016

  In March, we discussed some great updates to the Research & Development (R&D) tax credit. First introduced in 1981 as a temporary measure (and extended 16 times in the years since), the credit finally became permanent in late 2015 with the passage of the Protecting Americans from Tax Hikes (PATH) Act. But this permanency [...]

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3 Financial Ratios Every Tech Firm Should Know

April 1, 2016

  Technology companies like yours have long been portrayed as the business world’s leading innovators. From Apple’s “1984” breakthrough TV commercial that introduced the Macintosh to Samsung’s “Imagine” campaign for its versatile smartphones, their marketing has emphasized the groundbreaking nature of their work. But while you find more ways to make life amazing, you still [...]

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R&D Tax Credit – What’s New!

March 2, 2016

Science and Technology in the year 1981 involved numerous significant events such as the release of IBM’s first personal computer, the first launch of a space shuttle – Columbia, the FDA’s approval of the use of aspartame, and the almost-forgotten release of Nintendo’s Donkey Kong (but can we really forget that?) Less memorable but certainly [...]

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Utilize Key Financial Drivers to Help Measure Your Business

February 15, 2016

Many business owners overlook the key financial metrics that should be utilized to measure and manage growth within their company. These owners often fail to realize that running a business without considering key financial drivers is like trying to navigate to an unknown destination without a map. If you’re unsure how to manage your business [...]

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5 Tax Deductions for Your Tech or Start-Up Company

January 18, 2016

The number one goal for businesses is to make money. You and your employees work hard throughout the year to increase revenue, cut costs, and improve efficiency to make your business more attractive to investors, shareholders, strategic partners, and employees. As CPAs and consultants, we understand that every dollar counts. With tax season upon us, [...]

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Grants Available for Start-Up Companies & Winning Tips

December 17, 2015

  Typically, the federal government does not grant monies to for-profit small businesses, but there are some exceptions. If the company provides an innovative product or is focused on advanced technologies, there are grant opportunities from the Small Business Innovation Research (SBIR) or the Small Business Technology Transfer (STTR) programs. The SBIR program reserves specific [...]

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4 Ways to Help Increase Your Start-up’s Valuation

November 23, 2015

Valuation matters to both entrepreneurs and venture capitalists because it determines the share of the company an entrepreneur will have to give away in exchange for money, and it also helps VCs determine risk, potential profitability and return on the investment.  However, start-up companies are different than any other breed of company because of the [...]

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3 Habits of Highly Effective Entrepreneurs

November 5, 2015

Successful entrepreneurs develop good habits that help them achieve greatness in all areas of their business and personal life. A habit is, by definition, an automatic behavior.  By developing more habits they minimize day-to-day choices and maximize their time and energy for high-impact decisions that drive business development and strategy. Although successful entrepreneurs adopt numerous [...]

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Cash Is King: Estimating Cash Flow for Startup Businesses

October 14, 2015

Cash is KING in business.  When the coffers are full, the possibilities are endless and when cash is scarce, all bets are off.  New businesses must take strides to manage their cash flow and make sure they simply do not run out of cash. And while this is critical for new businesses it continues to [...]

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Florida Goes “Flo Bono” to Help Local Inventors

September 14, 2015

The State of Florida recently adopted a pro bono patent assistance program tag-lined “Flo Bono” to facilitate the placement of qualified, under-resourced inventors with the pro bono legal assistance of a patent agent or attorney. The Patent Pro Bono program was originally created in 2011 by the US Patent and Trademark Office (USPTO) and is [...]

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Why Measurement is Key to Fiscal Management

September 1, 2015

Newly formed companies require effective and proactive management in all areas including research and development, capital or funding, sales and marketing, to name a few. Generally resources are limited and the company founders end up wearing multiple hats to insure all business management needs are met. To divvy up the responsibilities, the common advice among [...]

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Crowdfund Your Business to Success

August 5, 2015

Crowdfunding has quickly become a mainstream fundraising model for start-up companies and established businesses that need to raise capital.  According to the Crowdfunding Industry Report by Massolutions, in 2014 there was $16.2 billion raised through crowdfunding platforms, a 167% increase over the $6.1 billion raised in 2013.    Two popular types of crowdfunding currently exist [...]

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Tips for Funding Your Company

July 13, 2015

One of the familiar top issues for start-ups is access to capital. Although local universities, governments and organizations continue to develop programs that support new business growth, the lack of available financing for local area start-up companies continues to be a challenge.  There are several programs in the state of Florida working to address this [...]

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Time to Pay Uncle Sam!

June 23, 2015

Your company is profitable, congratulations! This is what you have been working so hard for - however now Uncle Sam wants his slice of the pie. Once your company has taxable income, it is important to understand the concept of paying estimated taxes. If you are filing as a sole proprietor, partner, or S Corporation shareholder [...]

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Stock-Based Compensation

June 9, 2015

Traditionally, cash compensation is the primary method companies use to reward employees or contractors for their hard work. When cash is at a minimum or companies wish to incentivize their personnel, stock-based compensation is a viable alternative. This provides a unique opportunity for the company to save cash and ensure that everyone in the company [...]

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3 Tips to Manage Your Start-Up Money

April 27, 2015

The Florida Innovation Hub in Gainesville helps support more than thirty startup companies that are developing and marketing a variety of new technologies in the surrounding area.  The unique, all-inclusive business incubator helps shorten the journey from discovery to the marketplace for Florida’s tech startup companies.  Generally serving companies within their first six weeks to [...]

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Tax Credits for Research & Development!

April 6, 2015

For over 30 years, the IRS has provided a nonrefundable tax credit for companies engaged in research and development (R&D). Currently, the credit is set to expire on December 31, 2015, but is expected to be renewed as it has been annually in the past. What qualifies? Salaries, wages, supplies and contract research expenses paid [...]

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Top 10 Mistakes – No. 1: Opportunities and Execution

March 23, 2015

This post is part of a series of posts ranking mistakes made by  entrepreneurs.  Previously, we discussed mistakes 10 through 2.     10. Building the wrong company structure9. Failing to manage expectations with investors8. Assembling the wrong investors7. Allowing mole hills to grow into mountains by not addressing them ASAP6. Failing to appreciate and [...]

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Top 10 Mistakes – No. 2: Assembling the Wrong Team

February 27, 2015

This post is part of a series of posts ranking mistakes made by  entrepreneurs.  Previously, we discussed mistakes 10 through 3.     10. Building the wrong company structure9. Failing to manage expectations with investors8. Assembling the wrong investors7. Allowing mole hills to grow into mountains by not addressing them ASAP6. Failing to appreciate and [...]

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Top 10 Mistakes – No. 3: Failing to Protect Your Assets

January 26, 2015

This post is part of a series of posts ranking mistakes made by entrepreneurs. Previously we discussed mistakes 10 through 4. 10. Building the wrong company structure 9. Failing to manage expectations with investors 8. Assembling the wrong investors 7. Allowing mole hills to grow into mountains by not addressing them ASAP 6. Failing to [...]

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Top 10 Mistakes – No. 4: Unrealistic in Attaining Goals

December 3, 2014

This post is part of a series of posts ranking mistakes made by entrepreneurs. Previously we discussed mistakes 10 through 5. 10. Building the wrong company structure 9. Failing to manage expectations with investors 8. Assembling the wrong investors 7. Allowing mole hills to grow into mountains by not addressing them ASAP 6. Failing to [...]

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Top 10 Mistakes – No. 5: Over-valuing the Business

August 19, 2014

Valuations can be difficult to understand.

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