Blog
Back From the IRS Nationwide Tax Forum: Where the IRS is Heading and What it Means for You
Last month I attended the IRS Nationwide Tax Forum in San Diego, the last of five forums the IRS held across the country this year. Close to 13,000 tax professionals attended the five events in Chicago, New Orleans, New York, Orlando and San Diego.
Why Disconnected Financial Advice Costs Growing Businesses More Than They Realise
The fragmented model – separate people handling separate pieces of the financial picture has a fundamental limitation: nobody sees the whole thing.
What it Actually Means to Have a Tax Strategy – Not Just a Tax Return
The year runs its course. Revenue comes in, expenses go out, decisions get made. Hiring happens. Equipment gets purchased. Compensation gets paid. Then, somewhere between January and April, an accountant gets a folder of documents and prepares a return based on everything that’s already occurred.
From Budgets to Better Decisions: What Forward-Looking Financial Planning Does for a Growing Business
Most business owners running small to medium size businesses are making significant financial decisions every week. Hiring. Pricing. Whether to take on a new contract. Whether to open a new market.
When Your Financial Reporting Stops Keeping Up With Your Business: Why Controllership Matters
There’s a version of financial management that works well for a business in its early stages. Transactions are recorded. Accounts are reconciled. A P&L gets produced at month-end. The books are clean, the accountant is responsive, and for a while, that’s enough.
When Does a Growing Business Need Controllership Support?
Most business owners know when they need bookkeeping. The transactions are piling up, the bank reconciliations aren’t getting done, and there’s no clean record of what’s coming in or going out. The problem is obvious, and the solution is straightforward.
Tax Planning Isn’t a Year-End Activity – It’s a Year-Round Business Strategy
There’s a predictable rhythm in most small technology businesses:
January through October: Business as usual. Revenue comes in, expenses go out, decisions get made.
November: Someone says, “We should probably think about our taxes.”
The Financial Growing Pains Every Growth-Stage Business Eventually Faces
There’s a predictable moment in every growing technology company when financial complexity suddenly increases.
It happens around $1M-$2M in revenue. Or sometimes at $5M. Or during the first significant hiring spree. It varies by company.
You Don’t Have a Tax Problem – You Have a Visibility Problem
Most founders assume their biggest financial challenge is taxes. They think about it constantly:
“My taxes are too complicated.”
“I’m probably overpaying in taxes.”
“Tax season is stressful every year.”
Why Growing Technology Businesses Outgrow Basic Bookkeeping
When you start a technology business, bookkeeping is straightforward. Transactions come in, they get categorized, and at the end of the year, you have a tax return prepared. It’s functional. It’s necessary.