FOCUSED ON TAX &
TAX FOR INNOVATIVE COMPANIES
WE CAN HELP YOU WITH
Which Accounting Software Should My Company Use?
New business owners invariably ask the question. The problem is – it’s the wrong question.
If you want someone to write the copy for a press release, you wouldn’t care if it was written as a GOOGLE DOC or a MICROSOFT WORD DOC. You just want to make sure that is well-written.
Why You’d Like Your CPA to Help with Your Projections – and Why Your CPA Doesn’t Want to
I recently had to update my professional liability insurance. One of the questions the insurer always asks is:
Do I do any FOFI work?
So what is FOFI and why do insurers ask about it?
FOFI is “Future Oriented Financial Information”, aka cash flow projections. Insurers charge more for the extra risk that FOFI work entails. Let’s face it, projections are always wrong.
Businesses that want their CPA involved in their projections, want the credibility that a CPA would theoretically add. The CPA is understandably nervous, since he or she will ultimately be associated with a set of statements that will certainly be wrong. In the case of a startup, projections could easily be wildly wrong.
Canada’s SRED Program
Sucess (Startup Genome – 2017)
– Vancouver (No.15)
The Vancouver startup ecosystem is currently comprised of 800-1,100 startups and shining success stories. In the early days Slack’s founder estimated the market for the software to be $100 million, which they exceed in just three years – and have now become the fastest growing business software of all time.
More Than One Kind of Business?
What is our business model?
SR&ED Consulting For CPA Firms
“Thanks so much for your advice and work stewarding me through the EBC application process. Definitely could not have done that without you.”
“Rob is an accountant who totally gets what startup tech firms need!”
“Much of our conversation would make a great set of white papers for the startups. It’s in a different league from what I’ve heard before and would certainly have shortened the SR&ED application cycle for the ones I’ve worked on.”
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207-2288 Welcher Avenue
Port Coquitlam BC V3C 1X4