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The IRS is spending $80 billion to close the tax gap. How will it impact your taxes?

7Jun

The IRS is spending $80 billion to close the tax gap. How will it impact your taxes?

In April 2023, the IRS received $80 Billion in a new budget as part of the Inflation Reduction Act. Recently, the agency revealed they’ll use some of those funds to hire thousands of agents to audit the filings of wealthy individuals and corporations to close “the tax gap.” Let’s look closer at where these funds...

A Beginner’s Guide to Small Business Tax Deductions

10May

A Beginner’s Guide to Small Business Tax Deductions

Whether on an individual level or as a business owner, every living, breathing citizen or resident of the United States of America has some familiarity with federal and state taxes. The mission of the Internal Revenue Service is to "provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all.

Revenue vs Profit: Understanding the Difference and How To Calculate Both

Accounting

8May

Revenue vs Profit: Understanding the Difference and How To Calculate Both

Revenue vs profit is perhaps the biggest distinction to make when reviewing financial metrics for any company, regardless of the type of business or industry. You need to know your revenue and profit figures to track performance properly, forecast accurately, and lead your company. Yet revenue vs profit is often used interchangeably, which means some...

Mastering Form 2553: Unlocking the Benefits of S Corp Tax Election

Tax Tips

27Apr

Mastering Form 2553: Unlocking the Benefits of S Corp Tax Election

Navigating the world of taxes can be overwhelming for small businesses, especially when it comes to understanding which forms to file and the implications of making certain elections. One such tax form, IRS Form 2553, can significantly impact a company’s tax strategy, potentially saving them from double taxation. In this article, we delve into the...

More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

11Apr

More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

Delaware taxes may not seem great after considering what Nevada, Oregon, and Wyoming have to offer. Get expert tax advice.

What Is the Ideal Burn Rate for a Growing Company?

30Mar

What Is the Ideal Burn Rate for a Growing Company?

Is your business bleeding money? Learn how to calculate burn rate and find what the right burn rate is for your company.

How to Establish Business Credit in 5 Simple Steps

Budgeting & Loans

7Mar

How to Establish Business Credit in 5 Simple Steps

Just as building personal credit history is crucial for your own finances, building business credit is crucial for your business finances.

What Is ASC 606, and How Will It Impact My Company?

22Feb

What Is ASC 606, and How Will It Impact My Company?

ASC 606, a new accounting standard, changes the way businesses recognize revenue in contracts with customers, particularly customer payments.

FAQs Business Owners Need to Know About The 3 Essential Financial Reports

Accounting

24Jun

FAQs Business Owners Need to Know About The 3 Essential Financial Reports

Are you stumped by what goes on your business financial statements? indinero’s FAQs about financial statements are your next must-read.

The Secret to a No-Sweat Compliance Audit is an Outsourced CFO

5May

The Secret to a No-Sweat Compliance Audit is an Outsourced CFO

Are you unsure of how to prepare for a PPP audit? Read our post about why an outsourced CFO is the best audit sidekick you could ask for here.

The Playbook for SaaS to Convert from Cash to Accrual

Accounting

9Apr

The Playbook for SaaS to Convert from Cash to Accrual

indinero knows SaaS CEOs love to see the money in the bank, and investors have to see accrual accounting. Get our playbook on making the switch.

4 Questions to Ask Your Accountant About Year-End Financial Planning

4Dec

4 Questions to Ask Your Accountant About Year-End Financial Planning

Year-end planning is here. The accounting and tax experts at indinero can ensure your company is well-prepared and primed for growth—whatever 2021 brings.

Webinar: Tips & Advice for Businesses During COVID-19

2Apr

Webinar: Tips & Advice for Businesses During COVID-19

In this webinar, we explored the Paychecks Protection Program Loans, Economic Injury Disaster Loans and other tax relief from the CARES Act.

What A (Tax) Relief! COVID-19 Tax Updates

Budgeting & Loans

27Mar

What A (Tax) Relief! COVID-19 Tax Updates

It’s important to take a moment and say that during this volatile economic time, indinero is here to provide you, our fellow entrepreneurs, with relevant news and updates for your business.

Remote Work: How to Switch to Virtual Accounting Quickly and Easily

26Mar

Remote Work: How to Switch to Virtual Accounting Quickly and Easily

Global panic, markets crashing, entire cities and states on lockdown, hundreds of millions of people isolated or in quarantine…