When you think of threats to your small business, you may consider competitors or individuals trying to steal your ideas, lack of customers, or poor economic conditions. You worry about how your product or service will do, or if you’ll make or have enough money to get through the year. One specific area of concern...
Penny wise and pound foolish. That’s a term you hear tossed around regularly. For those unfamiliar with it, we are referring to those who cautiously save a little money on one thing while wasting a lot of money on something else. Here’s an example: you open a credit card just to get the discount, and...
Tips to Getting It Right (and Avoiding Common Mistakes) Planning is imperative for any situation, but financial planning requires a certain fluidity and finesse. Without solid preparation, lack of direction will cause a manageable situation to devolve into loss and crisis. What good planning consists of: Lucid communication Peer engagement Consistent methodology Successful plans must...
IRC 409A became applicable to employee stock in 2005. It triggered a need for private companies that grant stock options to have their common stock valued approximately once a year. Ravix Group and our partners can provide valuation and outsourced accounting services to startups and other businesses implementing or re-evaluating their stock valuation strategies. What...
Out of the desperation that companies are feeling to find inexpensive alternatives, a deluded solution has arisen — using independent contractors and consultants to do employee work. The general idea is that an independent contractor is an industrial godsend; you do not have to provide them the same benefits or share ownership that an employee...
Don’t Let Essential Financial Tasks Fall Through the Cracks If you’re involved in mergers and acquisitions, it’s more important than ever to button down your financial due diligence process. An outsourced controller or fractional CFO companies can bring expertise and an outside perspective to your current reporting processes. During an M&A, you’ll want to take...
You’ve built a great online game; users are signing up at record speed and they are buying your virtual currency with the cute name — the cash is rolling in. Everything is great, and your Board of Directors and stockholders love you! Life is good, until… The Harsh Reality of Virtual Revenue Recognition You’re in...
IRC 409A became applicable to employee stock in 2005. It triggered a need for private companies that grant stock options to have their common stock valued approximately once a year. Ravix Group and our partners can provide valuation and outsourced accounting services to startups and other businesses implementing or re-evaluating their stock valuation strategies. What...
The word “intern” usually conjures up mental images of a frantic college co-ed fetching coffee, bringing clothes to the dry cleaner, filing endless stacks of paper, retrieving lunch, walking the boss’s dog — basically doing all the things that no one else wants to do. Most people think of interns as free labor, with payment...
When Does a Paper Trail Make Sense for Employee Records? Your HR team is responsible not only for hiring and managing your staff, but also maintaining personnel files to meet applicable regulations. It’s important to set aside space in a secure facility so that you can restrict access to employee data. Electronic recordkeeping recommended by...
