AI startups face unique financial challenges that require more than basic bookkeeping. At SouthcoastFP, our Client Accounting & Advisory Services (CAAS) are designed to help high-growth tech companies stay compliant, improve cash flow, and present investor-ready financials. From forecasting burn rate to building scalable systems, we support AI founders every step of the way.
As we gather with family and friends this 4th of July to celebrate our nation’s independence and eat an excessive amount of red meat, it’s worth reflecting on some of the things that make America truly exceptional..
Happy Veteran’s Day and thank you to our brave servicemembers!
Global supply chain is rapidly changing – it is a very unusual time in history, and many businesses are feeling the pressure of rising vendor costs and an unpredictable future. Raising your prices may offset some of the increased cost, but basic economic theory tells us that customers will eventually reach a point where they choose an alternative or go without.
When filing your #taxes, you may end up in a position where your total tax owed is less than the tax you paid during the year. This means you overfunded your tax piggybank! By law, the IRS must give you the option to receive a #refund of those overpaid tax dollars back to your bank account. The second option is to apply those dollars to next year’s taxes.
Cryptocurrencies continue to become more widely accepted as payment for goods and services, and remain as the bedrock of #nft transactions. This means that your likelihood of winding up with reportable crypto activity is growing fast. Exchanges like Coinbase make it easy for the average investor to dabble in crypto, and quickly buy and sell a variety of cryptocurrencies. What you may not know is that your crypto activity may be creating taxable events.
In today’s world, it’s not enough to have a cool, innovative idea. The secret formula (albeit important) is only one piece required to create high-growth companies and make something special. Most entrepreneurs start off bootstrapping their venture until they reach the point where they need capital to light the rocket. As you prepare to finish drafting your pitch deck and doing the road show, consider the following items to be sure you are efficient and effective in your efforts.
This year the U.S. is experiencing record-high inflation due to several significant global economic and political factors. The impacts of this inflation are most easily and directly felt by consumers at the gas pump or the grocery store, but for business owners, the impacts run much deeper. Current inflation or the threat of continued significant inflation have substantial impacts on company valuations. Below are 3 considerations for owners as you try to make sense of a rapidly changing economy.
For most businesses, the process of creating a dynamic financial forecast is challenging and often a crystal-ball exercise. The benefit of building a forecast is that, if built properly, a forecast model will help you and your management team make impactful business decisions at the right time, and understand the impact of those decisions over the coming months and years. Given that forecasts rely heavily on management assumptions and estimates, it is important to factor in as many known inputs as possible and increase the probability that the forecast will represent reality.
