HomeOur Two Cents

We cover topics related to what growing businesses need to succeed, including fundraising, tax savings, and financial performance.
inDinero wins Comparably awards for “Best Company Leadership”, “Best Career Growth”, and “Best CEOs for Diversity”
14Jul
inDinero wins Comparably awards for “Best Company Leadership”, “Best Career Growth”, and “Best CEOs for Diversity”
inDinero, a leader in the Finance-as-a-Service industry, is proud to announce that it is the recipient of three Comparably Awards in Q2 for “Best Company Leadership”, “Best Career Growth”, “Best CEOs for Diversity.” inDinero ranks alongside other great Small/Medium Sized Companies, based on data compiled from 10 million employee ratings across 60,000 U.S. companies. For...
CFO Services for Startups
28Jun
CFO Services for Startups
Credit: Mars Sector-6   Growing a startup from inception to a multi-million dollar enterprise isn’t a task for everyone. It’s an intense process, and experts can tell you it requires support from a myriad of business and financial experts. However, securing a star-studded lineup of C-suite executives to propel and manage a startup towards greatness...
QuickBooks 2022 New Features: All You Need to Know
13Jun
QuickBooks 2022 New Features: All You Need to Know
QuickBooks is the 800-pound gorilla of accounting software with regular annual updates.  QuickBooks 2022 new features are out, and many of the new features have a big impact on businesses of all sizes. This guide lays out not just QuickBooks Enterprise 2022 new features but also QuickBooks Desktop 2022 new features.   Features Waiting for...
Difference Between a C-Corp and S-Corp
13Jun
Difference Between a C-Corp and S-Corp
Credit: Sean Pollock   When it comes down to it, looking at the difference between a C-Corp and S-Corp is a matter of structuring the business properly for tax purposes. Both business tax structures provide reduced personal liability, an important part of running a successful company. While there are other differences, the main difference between...
What Is a Virtual CFO (and Why Are Businesses Hiring Them)?
30May
What Is a Virtual CFO (and Why Are Businesses Hiring Them)?
Credit: Morgan Housel   More entrepanuers and business owners, amid an inflated economy and tight labor market, are searching for things like what are virtual CFO services, why hire a virtual CFO, and a timeless favorite, why you need a virtual CFO, so clear and concise answers to those questions become even more important. As...
Financial Decision Making Checklist
22Mar
Financial Decision Making Checklist
Credit: Adeolu Eletu   Making financial decisions can be difficult. There are so many things to consider, and it’s easy to get overwhelmed. That’s why it’s important to have a financial decision making checklist. This will help you organize your thoughts and make the best decisions for your finances. In this blog post, we will...
Cash vs. Accrual Accounting
28Feb
Cash vs. Accrual Accounting
Credit: Towfiqu Barbhuiya   When it comes to cash vs. accrual accounting, any financial advisor will tell you that accrual is the way to go. While cash accounting may be easier, accrual accounting gives you a better picture of your business’s operations and financial position. Your accounting method will affect several things. First, it will...
Classifying Employees vs. Independent Contractors
28Feb
Classifying Employees vs. Independent Contractors
Credit: Kelly Sikkema   Classifying employees correctly is important to optimizing your tax position while staying on the correct side of the law. Misclassifying employees could cost your company thousands in fines and unexpected back taxes. This article reviews why you might want to classify employees in certain ways and how to know if you...
Remembering Booker T. Washington: Proponent of Black-Owned Business
7Feb
Remembering Booker T. Washington: Proponent of Black-Owned Business
Credit: Library of Congress   This February, inDinero would like to take the time to remember one of the earliest proponents of Black-owned businesses, Booker T. Washington. Formerly enslaved, Washington used his freedom to help build an economic infrastructure for the Black community. He encouraged people to invest in Black-owned business and to buy Black....
Best Enterprise Accounting Software
22Dec
Best Enterprise Accounting Software
Credit: Austin Distel   Keeping your finger on the pulse of your company’s finances is crucial to making informed spending decisions. Keeping records is also crucial to protecting your business – especially since the IRS is planning to increase business audits by 50%. With reliable enterprise accounting software, businesses can have up-to-date information about their...
2021 Tax Changes to Watch Out For
13Dec
2021 Tax Changes to Watch Out For
Credit: Kelly Sikkema   The year is wrapping up, and like a good business owner, you’re already preparing your books for tax season. This can be especially nerve wracking as business taxes constantly change from year to year. Here are 2021 tax changes to look out for.   Federal Tax Changes for 2021 The IRS...
Netsuite vs. Quickbooks: Accounting Software Comparison
13Dec
Netsuite vs. Quickbooks: Accounting Software Comparison
Credit: Lukas Blazek   Running your own business can be rewarding, but it also requires a wide range of skills. One of the most critical aspects of running your own business is accounting. Unfortunately, not every business owner has the energy or knowledge to decide between cash vs. accrual or Netsuite vs. Quickbooks. That’s why...
Budget Forecasting Methods
6Dec
Budget Forecasting Methods
Credit: Carlos Muza There are a number of budget forecasting methods to choose from. Knowing which one is right for you, and making it work, can be a confusing challenge. This article introduces and discusses three techniques used for budget forecasting.   What is Budget Forecasting? Your budget is the lifeblood of your business. The...
What is Solar Tax Equity?
16Nov
What is Solar Tax Equity?
Solar panels are a great, environmentally friendly way to reduce your energy costs. There are many tax benefits to installing solar panels, some of which will be well in excess of your tax liability. However, a small business cash flow doesn’t have to be an obstacle to going green. For small businesses looking to go...
Tax Deductions Guide 2021
16Nov
Tax Deductions Guide 2021
Claiming deductions can save your company thousands of dollars in income taxes. However, if you’re claiming ineligible business expenses, you risk facing an audit. If the thought of filing your taxes is enough to make you sweat, you’re not alone.  The IRS announced a plan to increase audits for small businesses by 50% for the...