As the end of the year approaches, many business owners seek out last-minute opportunities to reduce their tax liability for the current year while making strategic investments for the future. If this sounds like you, taking advantage of the Section 179 deduction could be a smart move. How the Section
When it comes to taxes, the first month that pops into most people’s minds is April – but the most important tax month of the year should be November or December. Why? Because thinking about taxes before the year starts is the only way to engage proactive planning and achieve
Proper revenue recognition is one of the more complex compliance issues for SaaS companies. Causes for complications include: The solution, as outlined in the ASC 606 standards, is for SaaS businesses to recognize revenue when the service is delivered – not when the payment is received. This isn’t always simple
Whether you plan on raising capital or bootstrapping all the way, knowing and tracking the KPIs investors value most is a surefire bet to keep your business on the right path. In this post, we’ll provide a rundown of the key metrics that demonstrate your growth potential, financial health, and
R&D tax credits are among the most beneficial tax incentives available to businesses investing in innovation. As a SaaS company, you should be a prime candidate to leverage these credits to reduce federal and state tax liabilities and spur growth. While the rules and qualifications are complex, the My SaaS
Managing your SaaS company’s finances making your head spin? Don’t worry. You’re not alone! Especially if you’re the tech founder and spend most of your mental energy getting your product to work. At My SaaS Advisor, we work with owners just like you – to make sense of your numbers
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