article thumbnail

Climate reporting legislation: What it means for small businesses and accountants

Xero

If you’re a small business, you may need to invest time and resources in measuring and reporting your emissions, even though you aren’t legally required to. The introduction of this legislation presents a great opportunity to get ahead of the game and offer new services to your clients early.

article thumbnail

Tax Planning for Student Athletes: Working with NIL Collectives

CTP

For college and even high school athletes, NIL deals are becoming more and more commonwhether thats for major brands like Nike and Under Armour, in the world of video games, or through their own social media following. The legal requirements for each are very different, as are their tax planning needs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Startups Can (and Should) Leverage Economic Development Corporations Without Losing Their Edge

Shay CPA

Subsidized Real Estate and Incubators Affordable Workspace: In cities with high real-estate costs, securing subsidized office or lab space can be a game-changer for early-stage startups. Funding windows can be short, so early awareness is key.

article thumbnail

Small Business Tax Deductions 101: What You Can (and Can’t) Write Off

inDinero Accounting

Airfare, lodging, ground transportation – it’s all fair game. This includes: Legal fees Accounting and bookkeeping services Tax preparation costs Financial planning advice Remember, these deductions apply to fees paid for business purposes. Unfortunately, personal legal or financial advice doesn’t count.

article thumbnail

From Panic to Planning: Taking Control of Your Burn and Runway

Basis 365

That’s where having an outsourced accounting system in place can be a game changer. One-time costs that tend to pop up again (hello, consultants and legal fees) Debt repayments or credit card interest (yep, that counts too) And Runway? How Forecasting Changes the Game A real-time financial forecast is like a GPS for your business.

article thumbnail

Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

The series is called Journeys of Accountancy and features accountants who, for example, work for a CPA firm specializing in the legalized cannabis industry in California, an accounting software company that serves the funeral industry, and a company that provides compliance services to the gaming industry.

auditor 98
article thumbnail

Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

People need skin in the game to incentivize them to continue working. Legal fees, office deposits, and other large one-time purchases can distort your burn rate and runway calculations. The effort and teamwork it takes to execute a vision is what drives success. Equity for founders should be subject to vesting schedules.