There is a wide range of insurance products that can be used to protect investors and operators from catastrophic events. Examples include key person insurance, general liability insurance, property insurance, etc. While there is an ongoing cost to maintaining insurance, it pays off by providing certainty against certain negative outcomes. The direct cash flow method […]

When a startup’s VP of Finance or CFO decides to move on, board members and investors should conduct an exit interview. Such interviews provide invaluable insights into the inner workings of the company, potential areas of concern, and possible operational improvements. It’s not just about identifying issues; it’s about understanding the myriad reasons behind a

Understanding performance helps improve pricing and resource allocation. An accountant or tax advisor can help you navigate gray areas and make sure your filings hold up under scrutiny. This system can keep everything organized and prepare you for tax season. Form 1099-NEC is used to report payments of $600 or more to independent contractors like

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While you may know on paper how much money you make annually, breaking down how much you actually take home can make it easier to effectively budget and reach your financial goals. Once your income hits a certain amount (first income column below), your maximum contribution amount decreases. If your income tops the next level

Tailoring your accounting approach to your firm’s size can help you avoid overcomplicating processes or under-preparing for growth. Law firm trust accounts, including IOLTA, operate under strict regulations designed to safeguard client funds. These accounts hold money belonging to clients or third parties, separate from the law firm’s own finances. Business card management This is