Over the years I have been very fortunate to work with some of the most successful startups throughout Arizona and the Southwest. Starting a business is challenging for many reasons but maintaining focus on the true opportunities in an environment of perpetual change can be particularly difficult. Establishing meaningful key performance indicators (“KPI’s”) is something …
Everyone knows issuing stock options and warrants is a great way to compensate employees and contractors for a job well done. These methods of compensation have been embraced by the startup community as a way to reward others without using up their much-needed cash. Issuing options and warrants to customers is a less common practice …
It is no secret when it comes time for your annual audit, there is a lot to get done in a short amount of time. We are well aware of how stressful and time consuming this can be – which is why we want to provide you with some tips and advice so the process …
There are generally three cost categories in construction: direct costs, indirect costs and general and administrative expenses (G&A). The word overhead is sometimes used interchangeably to describe indirect costs and G&A expenses. However, indirect costs should be thought of as field overhead while G&A expenses should be thought of as company overhead. G&A expenses are …
The added responsibility of managing an audit on top of your day-to-day responsibilities can feel like an inconvenience. But it helps to keep in mind the benefits of having an audit that truly outweighs the inconveniences: Provides a reasonable level of assurance (not 100%) Provides more credibility for selling a business or applying for funding …
LIBOR stands for London Interbank Offered Rate and is the average interest rate at which major global banks lend to one another. For the past few decades, it has been the benchmark interest rate for consumer loans worldwide, such as credit cards, car loans, adjustable-rate mortgages, and business loans as well as investment instruments such …
Auditing remotely has become the new normal for nearly every auditor across the country. While not ideal, professions are learning to adapt to the new normal we all are facing, and the auditing industry is no different. While it is easy to feel overwhelmed by having to change the processes and procedures you have become …
The AICPA Code of Professional Conduct provides guidance to CPAs and CPA firms related to the ability to perform non-attest services to attest (audit, review, and compilation) clients. Examples of non-attest services that practitioners, including us, provide are: Financial statement preparation Maintaining book and tax depreciation schedules Preparation of the company’s tax return Cash-to-accrual conversions …
Monthly financial reports are a management way of obtaining a concise overview of the previous month’s financial wellbeing and performance. When reviewing these reports, there are common ratios that can give you insight into your company’s liquidity, financial leverage, and the overall efficiency of assets used, which can help when making future plans and decisions. One of …
Generally, when your business requires outside financing, there are two different sources of funds, debt financing or equity financing. Both methods of financing can have a significant impact on your business and should be considered carefully. Debt Most of us are familiar with debt, whether you have had a credit card, taken out a student …