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...
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...
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...
Sound Advice from the Best HR Outsourcing Companies To earn trust, you have to show it. This old adage is as true on the job as in other life circumstances, and the statistics back that up: Employees who feel trusted report 74% less stress and 40% less burnout. Employees who have the confidence of their...
Implement Checks and Balances for Transparency & Accountability Bernie Madoff: embezzler, thief and downright cheat. It is now common knowledge how the once trusted and revered Wall Street investment advisor scammed his investors out of at least $50 billion, proving that a friendly face can actually be the face of fraud. While his lies quickly...
Benefits of Outsourced Accounting in San Francisco Leadership in and through the field of accounting marks the difference between companies that are solid and stable versus companies that are unreliable and questionable. Companies whose fiscal foundation is questionable may well jeopardize a start-up’s IPO or acquisition prospects while those companies whose fiscal integrity is solid...
