Your PPP Loan Information is Public
The SBA released loan information for PPP borrowers under $150,000 last night. This information was held in confidence until a federal lawsuit forced the SBA to release the...
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What Are Pro Forma Financial Statements?
Pro formas aid startups, investors, and established businesses by modeling the what-if scenarios of the business and the potential profitability. Pro forma financial statements are made up of...
Business Valuation Methods
If you are looking to sell your business, buy a business, raise equity funding, or simply know what your business is worth, it is important to know the...
Treasury Releases New PPP Taxability Guidance
(Note: the passage of the Economic Aid Act signed into law 12/27/2020 has made this article inaccurate. Forgiven PPP loans are no longer taxable, see our article on...
What is a full charge bookkeeper?
Full charge bookkeepers are professionals who are skilled at completing end-to-end accounting for a small to medium-sized business; this is much more than what a traditional bookkeeper is...
What is Financial Due Diligence?
Financial due diligence is the process of systematically examining the details and history of a business to confirm the value of the business, most often for the purpose...
Two Simple KPIs for Product Startups
Product companies have moving parts and challenges that other industries do not face. Some managers track dozens of key performance indicators (KPIs) in order to overcome these challenges,...
The SaaS Rule of 40
For SaaS businesses and particularly software startup companies, the balance of growth and profit is vitally important. A new business interested in “disrupting the industry” must at times...
How Successful Entrepreneurs Launch a Startup in a Recession
New business applications are the highest since 2008, reports the Wall Street Journal. Is it crazy to start a business during the Covid-19 pandemic? I say it’s brilliant,...
Why Do Small Businesses Need Financial Statements?
Most small business owners keep a sharp eye on their bank balance, so why do they need financial statements? If the balance goes up, they are making money,...