Practical tips in the wake of the SVB & Signature collapses

SVB & Signature collapses

On Sunday night, founders and investors across the country exhaled upon learning they wouldn’t lose all their money in the SVB/Signature collapses. This news, coupled with JP Morgan stepping up to bankroll First Republic and SVB’s successor entity somehow being “open for business” already, put many of our minds at ease – at least temporarily. […]

Cash vs Accrual Accounting

Cash vs Accrual Accounting

Summary Accrual Accounting Accrual accounting involves tracking business activity, not just transactions. Under this methodology, revenue and expenses are recorded when the corresponding activity occurs, regardless of when the money is actually received or paid. Accrual accounting provides a more accurate view of a company’s health, as it removes the wild fluctuations that can occur […]

What taxes does my startup need to file this year?

Tax Filing

Summary Introduction Let’s face it, taxes are a necessary evil for businesses. For startup founders, they often cause excessive stress and serve as a distraction — after all, it’s easy to miss a deadline, lose out on a credit, or fail to take a deduction. You’re a CEO, not a CPA! Your startup’s taxes don’t […]