SAAS costs are covered by ASC 350-40 Internal-Use Software. The requirements are clarified by ASU 2018-15. Most startups make heavy use of Software As A Service (SAAS) applications to manage their operations. Software As A Service (also known as a Cloud Computing or Hosting Arrangement) is a software application that Read more…
Learn more about hiring and working with a consulting CFO Whatever industry your business is in, or what your organization’s size is, having a Chief Financial Officer (CFO) can make a significant impact on your company’s success. If you own a small business or startup, you may not have the Read more…
We now live in a world where the CFO function can be outsourced to highly experienced and qualified financial professionals for a fraction of the cost of a full-time CFO
How can e-commerce store owners protect their businesses from credit card fraud.
Do Entrepreneurs Need to Know Anything About Accounting? Entrepreneurs can get by without knowing anything about accounting if they have a good business partner who they know and trust to manage that side of the business. What About Do It Yourself (DIY) Accounting for Entrepreneurs? If the entrepreneur wants to Read more…
There are 5 phases of PPP. Most businesses are somewhere in phase 2. There is a long road ahead with a lot of work left to be done and a lot of uncertainty. Companies that are truly relying on loan forgiveness for survival will be in real trouble if part Read more…
Taxability of PPP loan forgiveness As I write this on July 6, 2020, there is an 800-pound gorilla hanging out in the back of the PPP room that isn’t getting much attention these days. As things stand today, and despite the best efforts of Congress, the IRS has ruled that Read more…
The website First Round posted a list of 40 Favorite Interview Questions from Some of the Sharpest Folks We Know. I thought it would be interesting to share my answers to these questions. The highlight of the last five years was when we launched the Genuine Origin Coffee Project (genuineorigin.com). I Read more…
The website First Round posted a list of 40 Favorite Interview Questions from Some of the Sharpest Folks We Know. I thought it would be interesting to share my answers to these questions. I like to solve problems and I like to build things. Working for a startup is really rewarding Read more…