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...
The Other Kind of Exit: An 11-Step Program
September 5, 2022by Ravix Group
Following the tumultuous financial crisis of 2008-2009, if you were going into a fundraising mode, in all likelihood you were soon in a new position at a new company. If you were like most venture-backed companies, you reviewed the now infamous Sequoia Manifesto and hunkered down for a tough road ahead. In the post-pandemic economy,...
The Best HR Outsourcing Companies Advise You to Spend on Prevention Rather than Cure
August 31, 2022by Ravix Group
Ravix Human Resources is often asked by new clients to conduct Harassment Training for their staff. As the engagement begins, we get details regarding the motivation to seek out training, especially when they are not legally required to do so under AB 1825. Most companies initially indicate that they are growing and believe it will...
Sox Schmox!
August 30, 2022by Ravix Group
Here are some common misconceptions about the Sarbanes-Oxley Act of 2002: “We are not a public company, why should we worry about SOX compliance?” “Becoming and staying SOX compliant is very costly; we can’t afford that right now.”loo “All of those internal controls only get in the way of running our business.” Over the years,...
You shipped the product; therefore, you have revenue! Not quite so fast. With the right technical accounting services from Ravix Group, you can unravel the conundrum of this seemingly simple question: What is revenue, anyway? Let’s start with practices that slowly whittle away at your revenue and address how to handle the accounting intricacies —...
San Francisco is arguably the most entrepreneurial city in the world, drawing thousands of entrepreneurs and new startups every year. Its eclectic culture that fosters innovative thinking and dynamism provides the perfect environment for startups to blossom rapidly from two to twenty to two hundred employees. San Francisco is special in other ways as well...
During an economic downturn, many companies will strive to cut costs in order to retain cash and survive. One of the functions severely affected by extensive cost cutting has been Human Resources (HR). The prevailing sentiment is ‘our company is too small to need HR’, or, ‘we are not adding headcount, so why spend on...
