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Angel Investors + 4 Other Ways To Fund Your Startup

Posted by Rae Steinbach to Taxes, Startup Tips


 

You already know your startup needs funding in order to succeed. No matter how strong your vision is, without sufficient capital, you won’t be able to bring your idea to life.


What you might not know is which types of startup funding are ideal for your goals and circumstances. This guide will clarify the topic.


The following are five common types of startup funding. As you strategize, consider which you should pursue.


How Should You Budget for Marketing in Your Small Business?

Posted by Celene Robert to Business Advice, Startup Tips

“You need to spend money to make money.” Whoever came up with that was probably in marketing, or should have been. Marketing is an investment that can offer significant returns. From brand development to influencer marketing to email campaigns, it’s a great way to differentiate your business in a crowded or competitive space.

Estimated Taxes, a Clever IRS, and a Well-Dressed Mobster

Posted by David Korb to Taxes, Startup Tips

 

Welcome to David in Taxland - a series of tax articles written for business owners. Spoilers: all income is taxable unless it’s not and the moral to the story is to pay and file your taxes on time.


Taxable income is cleverly defined by the IRS. Instead of making certain types of income taxable, and leaving the rest not taxable, it took an opposite position: all income is taxable—unless it’s not. The basic idea is this: any increase in wealth for a taxpayer (individual or business) is taxable unless the IRS provides a specific exclusion or deduction. Note: income can be cash or non-cash (such as fringe benefits).


Use a Backdoor Roth IRA to Build Tax-Free Savings

Posted by Celene Robert to Business Advice, Startup Tips


Welcome to inDinero’s Pot of Gold. In this series, you’ll learn quick, actionable tips to protect and build your company’s capital and personal finances. Whether your “pot of gold” is figurative or literal, these tactics will better enable you to maximize your wealth.


Today we’re looking at how taxpayers can maximize their retirement savings through a handy accounting maneuver known as the “backdoor Roth.”

Five Common Reasons Small Businesses Fail

Posted by Rae Steinbach to Taxes, Startup Tips

 

As a small business owner, you might be worried when you find out how frequently small businesses fail. Especially when you read that according to the Small Business Administration, only about half of all businesses survive past the first five years.


Statistics like that can be troubling, but you shouldn’t let it deter you from your dream to start your own business. A wide range of factors can come into play when a business fails, and there is a lot you can do to protect your business. One thing every small business owner should do is to find out the different causes of small business failure so they can learn how to avoid them.


Why Net Operating Losses are Valuable but Limited

Posted by David Korb to Taxes, Startup Tips

 

The Story of Nolan, an NOL and a Very Bad Haircut

Welcome to David in Taxland—a series of tax articles written for business owners. Spoilers: this article only considers C-corporations. Hint: don’t be like Nolan. Future articles will bring happier subjects, shorter articles and, of course, Al Capone.


Businesses are usually created for profit, but many operate at a loss in the early years. In Taxland, a business is profitable when it has more revenue than deductions. If it has more deductions than revenue, it’s operating at a net loss—it has a Net Operating Loss, an NOL. We call a C-corporation with an NOL a loss corporation.


Save on Capital Gains Taxes With an 83(b) Election

Posted by Celene Robert to Business Advice, Startup Tips


 

Love money? So do we. In fact, you could say money is what we’re all about. At inDinero, we’ve made it our mission to help businesses like yours save and make money at every opportunity— with smart bookkeeping, accounting, and tax strategies. Rather than keeping everything to ourselves, we’ve decided to share some of our go-to secrets and techniques with our blog readers.


Welcome to inDinero’s Pot of Gold. In this series, you’ll learn quick, actionable tips to protect and build your company’s capital and personal finances. Whether your “pot of gold” is figurative or literal, these tactics will better enable you to maximize your wealth.


Today we’re sharing information about 83(b) tax elections. Learn how filing a relatively simple form now can save you serious cash later on:

6 Strategies To Help Any Startup Stay Organized

Posted by Celene Robert to Business Advice, Startup Tips


 

Congrats! You’ve begun exciting process of launching a new startup. So, what's next? Well, it's time to prepare yourself for a lot of decision making, decisions that can directly impact how successful your company is in the future. If you’re looking to grow your business in the coming months—and let’s be real, who isn’t looking for that—this is the time to be intentional, to get laser-focus on building a strong foundation that empowers you to handle any uncertainties that inevitably will arise.


This is easier said than done, especially for a new business that might be dealing with limited funds and even less time. To help you get started, we’ve got some basic strategies to creating an organized, structured approach for future expansion and growth.

Never Miss A Beat with the inDinero App: Introducing the Mobile To-Do List

Posted by Celene Robert to Accounting, Business Advice, inDinero Product Updates, Startup Tips

 

The invention of smartphones forever changed the way we work with each other. Information is available anywhere we want it, whenever we need it. Whether it's finding a decent cup of coffee within walking distance or filing your taxes, everything can be done on the move. And when you’re a busy startup founder, having your business operations available at your fingertips means less time doing menial tasks and more time finding that secret sauce to success.


Of course, there are just some things that can’t easily be done on a tiny, 3 inch screen—building a financial presentation for your next board of directors could be tricky when your thumbs are bigger than that microscopic keyboard. Yet, when it comes to resolving basic accounting tasks or asking a question about your business taxes, accounting apps just make sense.


As the state of technology continues to evolve, inDinero looks ahead, ensuring businesses have what they need to succeed, from mobile apps to CFOs available to guide you through your next funding round.

Due Diligence: What It Is, What to Expect, and How to Make It Out Alive

Posted by Celene Robert to Investment, Funding, Startup Tips

They’re the two words that can make or break a deal with an investor—the two words that cause even the most seasoned entrepreneurs to grimace:


Due diligence.


Make no mistake: due diligence can be stressful. But amidst all the fun and exciting parts of attracting investors to your business—innovating, creating a brand, traveling, pitching ideas, forging new connections—due diligence is always a necessary step. It’s how you build trust with investors. It’s where you show your work.