The issues related to proper worker classification impact many businesses, including contractors. The rules are often unclear and their application is based on each employer’s specific facts and circumstances. An Internal Revenue Service or California Employment Development Department audit resulting in the reclassification of workers can have a significant bottom line impact. As a result, it is important to correctly determine if your workers are employees or independent contractors. (more…)
Amie Gray, CEO of N³ Innovation, spoke at the ASL Emerging Business Group’s best practices seminar on, “Using Innovation to Grow Your Emerging Business.” In this podcast, Amie shared that innovation sustains your business and to do research to plan for what your market will look like in three to five years out. Take a listen to hear more about what Amie shares in this mini podcast.
John Beck, CFO, and Rick Randel, Attorney, spoke at the ASL Emerging Business Group’s best practices seminar on, “Who Owns What: Real Life Cap Table Stories.” In this podcast, Rick and John shared how important it is to document everything you do and to ask for help when planning the cap table, to help plan for the future.
San Jose, Calif. – September 30, 2014 – Managing Principal Ray Scheaffer of Abbott, Stringham & Lynch (ASL), a Silicon Valley accounting and consulting firm, announced that Jeff Faust with his colleagues Irina Plevako and Chris Bitter formerly with the accounting firm Berger Lewis, have joined ASL. “Jeff, Irina and Chris enhance our firm’s practice by now offering valuation services to our clients. We welcome them as part of an overall plan to position the firm for growth.” The addition of Faust, Plevako and Bitter brings the firm’s total personnel to 76.
Start-ups are in a unique position to attract the best and the brightest of the Millennials because you’re not encumbered by an existing culture, policies, and infrastructure. Even if some of those elements are already in place, they’re probably still pliable enough to accommodate some change. So, what should you be doing to attract Millennial talent to your start-up? In the same way that you’re getting to know your target market and how to most profitably meet their needs, you must understand those who can help you get there – specifically, the talent you will need to hire. (more…)
Recently, I’ve come across various instances of related party transactions with several of my clients, such as stockholder notes to or from the company, a stockholder leasing office space to a company at favorable rates, forgiveness of compensation or reduced compensation for the initial startup period, and favorable credit terms to another entity with common ownership to name a few examples. And it worries me sometimes when companies enter into these transactions without thinking through the accounting ramifications, which can be problematic. What could the risks of related party transactions be?…
How can you make your business attractive to sellers? And when a seller expresses interest, how do you navigate the process effectively? On May 2, 2012, ASL hosted two M&A veterans, Foley & Lardner Partner Jim Foley and ASL client and Silicon Valley CFO Sid Faulkner for an event to address these questions. (more…)
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