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...
Blog - Page 4 of 9 - CFOShare
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,...
What is Asset-Based Lending?
In the lending industry, an asset-based loan (ABL) or line of credit is secured by certain types of collateral. These types of loans are frequently used by small...
Making Sense of the New 941 Tax Form Changes
Form 941 is the Employer’s Quarterly Federal Tax Return. It is an IRS form used by employers to report federal income taxes, Social Security tax or Medicare tax...
What Happens if You Default on a Business Loan?
Most small businesses will, at some point, take out a business loan to help finance their growth. Especially during times of economic uncertainty, you may have trouble keeping...