Archive for December 2024
Navigating the VC Landscape: What Tech Startups Need to Know
Tech startups face considerable uncertainty at the outset of a new venture. Will a novel product or service meet the needs of the market? Will customers embrace the new offering? Will you achieve scalable product market fit? Will competitors launch similar products? While launching a new tech enterprise will inherently include a host of challenges,…
Read MoreCongrats! You Sold Your Business—Now What?
Whether you spent the last year or last 20 years building your business, the transition after selling can be challenging for any entrepreneur. The goal, of course, is to net the most profit from the sale and then multiply that profit in future years. Accomplishing this requires careful planning and strategizing with advisors to preserve…
Read MoreEssential Holiday Season Metrics: Mastering Inventory, Sales and Cashflow for Peak Performance
The holiday season presents unique challenges for e-commerce and retail businesses. Events like Black Friday and Cyber Monday, along with the Christmas holiday and other festivities, lead to a surge in consumer demand. Businesses with inventory often see this time of year generate the majority of their annual revenue. Successfully navigating the holiday season also…
Read MoreUnlocking Tax Incentives in Texas for Commercial and Residential Developers
Texas is widely regarded as one of the most business-friendly states in the U.S. due to its favorable economic environment, tax policies, and regulatory framework that attracts companies from various industries. Development and construction, specifically, are large and dynamic sectors in the state, thanks in part to Texas’s relatively relaxed zoning laws and fewer building-related…
Read MoreHow Tech Startups Can Prepare Now for Changes to the R&D Credit Tax Form
Proposed changes to the Federal Research and Development (R&D) Tax Credit form (Form 6765) will increase reporting requirements at the time of filing for the credit. This change will affect all companies that apply for the credit, but smaller businesses and startups could feel the biggest impact. The changes were first proposed in September 2023…
Read MoreBuilding the Right Compensation Plan with Equity Incentives
A competitive compensation plan is one of the top strategies a company can deploy when trying to attract and retain top talent. Many industries have turned to equity incentives to give employees so-called “skin in the game,” but it is essential to understand the different kinds of stock options and related tax implications for employees…
Read MoreThe Window is Closing to Claim Tennessee Franchise Tax Refunds
A recent tax law change in Tennessee has opened the possibility that some business owners may be eligible for refunds on state franchise tax – but the window to claim those refunds is closing soon. On May 10, 2024, Tennessee’s Governor signed into law SB 2103, which became Public Chapter No. 950. This legislation changed…
Read MoreThe Three Phases of Selling Your Business
When you’ve built a business from the ground up, the idea of selling it can be nerve-wracking. How will you know when the time is right to sell? How will you find the right buyer? How will you navigate tax implications of the sale? Selling a business is a multifaceted process that requires careful planning,…
Read MoreCraft a Financial Plan for Your E-commerce Business: A Step-by-Step Guide
E-commerce businesses face several challenges in today’s economy. The current cost of borrowing is high, competition is fierce, and the global supply chain can still be unpredictable. Factor in the often-seasonal nature of e-commerce businesses, which typically conduct the bulk of their sales around the holidays, and the reality is clear: financial planning is more…
Read MoreThe Evolving Roles of CFOs & How the Right Fit Can Boost Your Business
Maybe you’re looking for a chief finance officer (CFO), or you are a CFO, but you are not sure how to maximize the role’s potential. Whether your company is focused on transitioning team leadership, completing major transactions or accelerating growth, a strong CFO can play a substantial role in getting the job done. The truth…
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