ScaleFactor announced yesterday that it is shutting down in August and terminating accounting services at the end of July. In doing so they sent their customers scrambling all because of this...
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Updated 5/8/2020 Table of Contents What is the Update on the CARES Act Programs that Get You Money? PPP and EIDL Update PPP Forgiveness Calculations Is PPP Forgiveness Taxable? What...
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Over the last month, businesses across every industry have been hit hard by COVID-19. Employee safety concerns, loss of revenue, and supply chain disruptions are just a handful of the...
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The Payroll Protection Program has come through for some lucky companies. The questions now? How do I Calculate PPP Loan Forgiveness? How do I plan for the next 8 Weeks?...
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Time is our only finite resource. It’s the only thing on this planet that is always diminishing. And as entrepreneurs, we often feel like there is less time available to…
Today’s startup ecosystem is thriving. According to a new report by the Global Entrepreneurship Monitor, over 27 million working-age Americans are entrepreneurs. Yep, you read that right — nearly 14%…
When you are a regular partner with small businesses and start-up companies like me, one of the most constant (and crucial) conversations you have is about financing. When those conversations…
I constantly get asked by entrepreneurs and business owners which accounting system they should use: QuickBooks vs. Xero. I used to run them through a side-by-side feature comparison and watch…
At Acuity, we work closely with many small businesses and startups. It has been our pleasure to accompany them on their journey, be a part of the major milestones they’ve…
Working as an independent contractor is quickly becoming a viable alternative to traditional full-time employment, but there are a few things you need to be aware of from the beginning….
Due to the dynamic nature of launching a new business, it can be challenging for a startup to keep up with all of the latest changes to the tax…
Many businesses miss out on a reduced tax bill because they don’t know what deductions or credits are available to them. We hate to see founders and business owners leave…
If you are starting a business, then you have faced this question: guaranteed payments or draws? If you have owner-operators and outside money (e.g., friends and family or angel investments),…
It’s that time of year again — Venture Atlanta 2019 is here! For those who don’t know, Venture Atlanta, now in its 12th year, is the largest venture capital conference…
As the CEO of Acuity, it’s my responsibility to keep an eye on current events, industry trends, and generally what’s happening within the market that we serve. One ongoing trend…
Listen up, fellow business owners and leaders. Your access to your company’s money and information makes you a target for identity theft. CEOs can be targeted because of their position…
Dealing with employee turnover is unavoidable. No matter how great things are at your company, losing and replacing employees is part of being a business owner. However, when this begins…
While it may not be an exciting part of owning a business, cash flow management is an essential aspect of it. Companies will face their challenges, but cash flow doesn’t…
This post was originally published on October 19, 2015 and has been updated with additional insights on July 29, 2019. Every client-facing entrepreneur knows the type: demanding, micromanaging, overly critical,…
Is your business tired of gathering receipts and manually approving paper expense reports? If so, there are several options available to your business. Today’s technology has made the process easier…
Starting a business is a risky and daunting venture. There’s no foolproof formula for starting and growing a business, but there are some things that you can do to help…
One of the most critical aspects of your business is your bookkeeping. Having a trusted and competent bookkeeper can keep things running smoothly and your stress at bay. If you…
Until now, QuickBooks customers have either used the platform themselves or worked with a third-party accounting firm to use it for them. But just this week, QuickBooks has launched its…
As an employer, attracting and retaining talent is crucial, and you want to take care of your team. For small businesses, finding cost-effective ways to do just that can be…
You may know that May 5th – 11th, 2019 is National Small Business Week. At Acuity, we work with thousands of small business owners to help them with their business’s…
Now that tax season has come to a close, you’re probably ready to take a load off and relax, but don’t get too comfortable! Now is the ideal time to…
Spring cleaning doesn’t have to be limited to just your home. What about your books? Organized and accurate books are an important part of running a business and can make…
The market has been abuzz regarding a slew of recent changes from Intuit’s QuickBooks. Disruption is never comfortable, but these changes have accounting professionals and small business owners alike concerned…
Starting a business can be an intimidating and exhausting, yet rewarding venture. Seeing your business grow and evolve is a fantastic feeling, but there are some steps you need to…
Fundamentally speaking, it might seem like nonprofit and for-profit businesses have nothing in common. After all, the main goal of a for-profit entity is to maximize profits for owners and…
It’s not personal, it’s business. If you own a business or are in the process of starting one, it’s time to stop using your personal bank account for business transactions….
As a business owner, an essential part of successfully running that business is to keep accurately maintained and up to date records. This is vital to the financial health of…
A few years ago, a curious Stanford professor wanted to get to the bottom of one burning question: What really happens when you let your employees work from home? As…
I’m sure many of us have heard of the term PEO but aren’t quite sure of exactly what that entails. A PEO stands for Professional Employer Organization. Partnering with a…
The R&D tax credit was established in the early 1980s as an incentive to stimulate growth in the US economy. But due to the fact it was an income tax…
Now that tax season’s here, it’s important to familiarize yourself with all the deductions that are available. While many deductions may apply to you, today we’d like to focus on…
Virtual CFO, remote CFO, part-time CFO, outsourced CFO…there are many names for this type of role, but they all mean exactly the same thing: they fill the strategic financial role…
Coworking spaces are gaining popularity all over the world, giving freelancers and startups the perfect place to get the job done. Working from home or coffee shops can be nice,…
The new year is a great time to take a step back and assess your business. What did you accomplish in 2018? What are you trying to achieve in 2019?…
One thing that sets Acuity apart from other cloud accounting companies is that we have an outbound sales team. Since the team was implemented in 2014, it’s become a huge…
