AZRAN FINANCIAL BLOG
ACCOUNTING, FINANCE, TAX & ADVISORY
A good entrepreneur may see a handful or a dozen companies in a lifetime, we see hundreds a month. Therefore, we can provide the inputs, outputs, and frameworks to help leaders make better decisions while also maintaining the feedback loop to adapt, adjust, and continuously improve.
This blog is a place to share insights on topics ranging from startup accounting to international tax to blockchain. We will also share important news and information about the accounting, finance, and tax arenas, and of course, also about our firm. Having staff and partners including some of the best accountants for startups to experts in international tax and cryptocurrency tax gives our group a lot of perspectives and value which we hope to share here with you to help us grow together!
Founder, Joshua Azran CPA/ABV/CFF, CMA, CGMA, CFE
Accounting Consequences of Legal Business Organization
C-Corporation, Entrepreneur, S-Corporation, StartupIf you are starting a business, one of the first decisions to make is the legal structure of the business. This decision will impact your taxes, liability, and control over the business. You will want to take into consideration the following: How large do you expect the business to be? What level of personal liability […]
Accounting Best Practices for Startups
Accounting, Entrepreneur, StartupStartups: Accounting Best Practices You worked day and night to get your small business off the ground. As the sales and expenses grow, you have finally got the hang of bookkeeping, in addition to your main business tasks. While keeping your company’s books correct is a great start, there are several best practices that can […]
2016 Post-Election Tax Update
C-Corporation, Corporate Income Tax, Entrepreneur, Estate Tax, Federal Tax Law Updates, Individual Income Tax, Partnership Income Tax, Personal, S-Corporation, Tax PlanningAny change in Presidential Administration brings the possibility, indeed the likelihood, of tax law changes and the election of Donald Trump as the 45th President of the United States is no exception. During the campaign, President-elect Trump outlined a number of tax proposals for individuals and businesses. This letter highlights some of the President-elect’s tax […]
Year-End Tax Planning for Individuals
Entrepreneur, Federal Tax Law Updates, Tax PlanningAs the year draws to a close, it is a good time to take stock of your tax situation and identify possible opportunities to minimize your tax liability. Many of the provisions associated with the American Taxpayer Relief Act of 2012 (ATRA) became effective in 2013, which means they will have an impact on this year’s tax […]
2013 Third Quarter Federal Tax Developments
C-Corporation, Corporate Income Tax, Entrepreneur, Federal Tax Law Updates, Individual Income Tax, Partnership Income Tax, S-Corporation, Tax PlanningIRS shutdown On October 1, IRS offices across the country emptied as most of the agency’s employees were furloughed following a lapse in appropriations. Nearly 90 percent of the IRS’s 90,000 employees were furloughed on October 1 after Congress failed to pass legislation to keep the IRS and other federal agencies operating after the end […]
Notice of Health Insurance Exchanges
C-Corporation, Corporate Income Tax, Entrepreneur, Federal Tax Law Updates, S-CorporationAs you may know, the health care law – the Patient Protection and Affordable Care Act (PPACA) – requires most individuals (including children and other dependents) to carry health insurance, beginning January 1, 2014. The law also requires the establishment of a health insurance exchange in all states by October 1, 2013. The goal is that […]
Post Tax Season Update & 2013 First Quarter Federal Tax Developments
C-Corporation, Corporate Income Tax, Entrepreneur, Federal Tax Law Updates, Individual Income Tax, Partnership Income Tax, S-Corporation, Tax PlanningApril 15 has come and gone but it’s not time to stop thinking about taxes and strategic tax planning opportunities. Since the start of 2013, there have been many new federal tax developments, which will impact tax planning for this year and beyond. As 2013 unfolds, many changes made to the Tax Code by the […]
Updated FAQ on Small Business Health Care Credit
C-Corporation, Corporate Income Tax, Entrepreneur, Federal Tax Law Updates, S-Corporation, Startup, Tax PlanningIf you are a small employer with fewer than 25 full-time equivalent employees, pay an average wage of less than $50,000 a year, and pay at least half of your employee health insurance premiums then you may be eligible for the Small Business Health Care Tax Credit. For tax years 2010 through 2013, the maximum […]
Accounting 101 for Small Business Startups
Entrepreneur, StartupWhat does your business start-up need to know about accounting? Well, here’s where to start: What is your business structure? Choose the best ownership structure for the short term, but do not forget to consider the long term. Maybe an LLC is appropriate for now, and a C-Corporation later. Where do we form our entity? Do we […]
Accounting for Startups: From Bookkeeping to Taxes for Early Stage Businesses
Accounting, Entrepreneur, Startup, Startup Q&AAccurate record keeping for a startup is a fundamental practice. It is never too soon to develop best practices for your early-stage venture’s financial records. Quality data leads to actionable information which is the backbone of business intelligence. High-quality information is a necessity for accurate decision making in the operations of any business. Rather than being […]