The Small Business Technology Transfer (STTR) program is a government initiative designed to foster innovation by funding research partnerships between small businesses and non-profit research institutions. This unique collaboration model has been instrumental in driving technological advancements
How Accountants Can Help Fintech Startups with SBIR Grants
The Small Business Innovation Research (SBIR) program is a government-funded initiative designed to foster innovation and bring new technologies to the market. For fintech startups, this can be a game-changer. With its potential for high returns and the ability to address critical financial
Banking as a Service (BaaS): Fintechs and SMBs
Banking as a Service (BaaS) is a cloud-based platform that allows financial institutions to offer their banking services as APIs to third-party developers and businesses. This enables fintech companies and small and medium-sized businesses (SMBs) to access a range of financial services without the
Accounting Firms and FinTech: A Symbiotic Relationship
FinTech, a portmanteau of "finance" and "technology," has emerged as a disruptive force, transforming the way we manage our money. By leveraging cutting-edge technology, FinTech companies are offering innovative solutions that are challenging traditional financial institutions and enhancing
Navigating the Financial Minefield: Why SaaS Companies Need a CPA
The software as a service (SaaS) model has revolutionized the way businesses operate, providing scalable and flexible solutions to customers worldwide. However, for small-to-medium sized SaaS companies, the road to success is often paved with financial challenges that can make or break their
Tax Strategies for SaaS Startups in Seattle
The SaaS industry thrives on innovation and agility. However, the unique nature of this business model brings its own set of tax challenges, especially for small, startup companies. Broad Challenges for SaaS Companies: Unlike traditional software, SaaS offerings are often delivered digitally,
Building a Profitable SaaS Business – Top 5 Areas to Master
For any tech startup, one of the primary goals is to reach profitability and sustainability as a business. Software-as-a-Service (SaaS) companies are no exception to this goal. While early stage SaaS businesses are often more focused on top line growth and capturing market share, at some point the
Proposed Limits on Tax Breaks for the Tech Industry
It's no secret that the tech industry gets some very large tax breaks, especially for startups and small businesses. However, some feel that the current 100% write off is too generous, and needs to be rolled back in order to fund other parts of the upcoming $3.5 trillion spending bill. As a way to