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Finance

Advice
I need funds for my idea to flourish. How should I approach VC's or any other financial institute to fund my project?
QUESTION | BY inderveer ghai | 12 ANSWERS | LAST ACTIVITY ON 10/01/14

I am not an expert programmer though i know some basics as I had completed my engineering from India where i currently live. I have couple of ideas about developing a social media site however here...

Advice
what are the pros and cons of the new sageworks accounting software?
QUESTION | BY Keith Olson | 4 ANSWERS | LAST ACTIVITY ON 09/22/14

i am looking at quickbooks which i know is more mainstream or sageworks. To those that have researched can you answer why you would use sageworks or peachtree over quickbooks?

Advice
How do I get a person off 7 Day terms and on COD? Can I do this and what is the best way?
QUESTION | BY Sallie Davies | 13 ANSWERS | LAST ACTIVITY ON 09/21/14

I supply cakes to cafes and I initially agreed to allow one of the cafes I supply to be on 7 day terms for payment. However, this is not really working for me and i have since decided all places...

Advice
Is Bitcoin a success or failure??
QUESTION | BY Niladri Roy | 7 ANSWERS | LAST ACTIVITY ON 09/04/14

We have seen successes or failures of m-wallet, mobile money, wallet share in many parts of the globe. When M-pesa in Kenya is considered as an incredible success story of mobile money transfer among...

Advice
I'm looking for potential backers/investors for a new film production co. Any advice or tip on how to quickly/securely obtain investments & funding?
QUESTION | BY Kenneth Kwame Welsh | 6 ANSWERS | LAST ACTIVITY ON 08/18/14

Have already started company. Collaborating with a few other producers, both internally and externally. Have charter, mission statement, and vision statement in hand. Have projects lining up.

Advice
When should a business hire a CPA and when should a business hire a bookkeeper?
QUESTION | BY Zack Lombardi | 14 ANSWERS | LAST ACTIVITY ON 08/10/14

I know that I need accounting help for my business, but I'm not sure where to start. Should I hire a CPA or a bookkeeper? Does it depend on what my specific needs are or the size of my business?...

Advice
As a startup, I just interviewed my friend's very reputable accountant. Should I hire him, or find another that cares more about my business?
QUESTION | BY Bryan C. | 23 ANSWERS | LAST ACTIVITY ON 07/30/14

My friend loved her experience with her accountant, and is adamant that I should hire him. He did well when I interviewed him and seemed very knowledgeable, but didn't seem very passionate about my...

Advice
What are the best financial ratios to use when assessing the functional areas of a business?
QUESTION | BY Shail Akhil | 13 ANSWERS | LAST ACTIVITY ON 07/20/14

I am currently building an automated tool that prospective clients will be able to download free from my (revamped - in progress) website to provide an overall assessment of the performance of...

Advice
Has anyone discovered a good small business financing resource not associated with the SBA?
QUESTION | BY CJ Rapp | 26 ANSWERS | LAST ACTIVITY ON 07/20/14

After starting a business, it's pretty easy to finance the first few years with credit cards... but then the interest rates starts to kill you! Crowd Funding does not lend itself well to my industry,...

Advice
How do I find out the value of my business today?
QUESTION | BY Grace Borria | 22 ANSWERS | LAST ACTIVITY ON 07/18/14

17 years in the construction business, with sales varying from $3,000.000 to $900,000 annually. Going through a divorce and need to know the value to include in an agreement.

Advice
How does the Cobra health insurance deduction work?
QUESTION | BY irina butorina | 6 ANSWERS | LAST ACTIVITY ON 07/11/14

My friend was laid off last year. Her husband is self-employed. Can the Cobra medical insurance payments paid to her former employer last year be deducted against her husbands self-employment income...

Advice
How can I get funding without having to give all the business details?
QUESTION | BY Charles Yarbrough | 17 ANSWERS | LAST ACTIVITY ON 06/30/14

I don't like the idea of anyone having full access to our tax files and business history.

Advice
How will charitable contributions (on behalf of my business) impact my business's taxes?
QUESTION | BY Colette Hamilton | 7 ANSWERS | LAST ACTIVITY ON 06/27/14

Which types of charities can we donate to that will also allow us to receive a deduction? Are there certain types of businesses that are not eligible for this type of deduction? Are we also eligible...

Advice
What are the tax differences between having someone pay my business versus paying me personally?
QUESTION | BY Carol Smith | 15 ANSWERS | LAST ACTIVITY ON 06/24/14

I will be working for someone else for a while, running a couple of dog training classes at her facility. I'll be gaining experience doing this before I set out on my own. For tax purposes, should I...

Advice
I am moving my single-member LLC to another state, what requirements must I fulfill when moving my business?
QUESTION | BY Richard Reynolds | 7 ANSWERS | LAST ACTIVITY ON 06/21/14

I am moving my single-member LLC from Oregon to Washington soon and I was wondering what process I must go about in order to complete the move without undue tax or financial burden. I am moving...

Advice
What is the best personal finance software to use?
QUESTION | BY Chris S. | 17 ANSWERS | LAST ACTIVITY ON 06/19/14

Either to manage my own money or money for my business. The only two I can think of off the top of my head are Quicken and Mint. And web apps count, too. In fact, I'd probably prefer one over...

Advice
Client wants to claim some billable hours as charity?
QUESTION | BY Marillyn Booth-King | 12 ANSWERS | LAST ACTIVITY ON 06/16/14

Here is the deal: She has a client who is both handicapped and going broke ... charges only 2/3 of billable hours & wants me to categorize it as charity. Thoughts?? Legal? Thanks

Advice
What is the best way to earn $2,000 for my startup? Family and friends is not an option.
QUESTION | BY Josh Rhoades | 16 ANSWERS | LAST ACTIVITY ON 05/25/14

I created energy efficient cookware. The first product is a cooking pot accessory used with the cooking pots one already owns to boil water 30-50% faster, hold a rapid boil better, and simmer with a...

Advice
How do I create a monthly budget for my website network when I have companies paying me net 30-90 days? How can I plan?
QUESTION | BY Brian Weiss | 23 ANSWERS | LAST ACTIVITY ON 05/10/14

My company is currently making a return of a roughly $1,000 per day when I invest all my money back into traffic. We are operating at at about 330% ROI. The downside is that I am not getting paid for...

Advice
A Legal/Bookkeeping/Tax Question... Anyone?? :)
QUESTION | BY Amy McMahon | 7 ANSWERS | LAST ACTIVITY ON 05/08/14

Hi Room! :) I am hoping one of you can help me with a situation that is new to me. I have a client that is 100% owner of his S-Corp. He got divorced, and although his wife was not a shareholder, she...