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6 Key Financial Ratios Every Startup Should Monitor

The difference between the success and failure of a startup is a clear understanding of business finance. With that in mind, the Odoni Partners team compiled this list of key financial ratios for startups. Read on to learn more about startup accounting. The Key Financial Ratios for Startups Burn Rate This ratio centers on the…

October 26, 2021
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Inventory Mistakes That Can Cost Your Business
Inventory Mistakes That Can Cost Your Business As a business owner, inventory is one most important aspects of your company. Without enough stock, you could have unhappy customers and lose business. If you have too much, you could lose money in storing your excess capital. If there is one area that causes companies to succeed...
February 19, 2020
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What Is A Schedule C Form? An SMB Guide

Tax season is upon us! It’s the time of year us mere mortals are tasked with decoding the alphabet soup that is IRS tax forms. There is the potential that things can sound even more confusing once you are no longer filing just a standard tax form.

April 7, 2020
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Keys to Creating Financial Projections for Startups

Creating a successful start-up involves completely understanding your financial landscape. In order to do so it is important to be able to create forecasts and projections for your startup.

January 20, 2021
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Important Differences Between Profit and Profitability

When running a small business, you come across a lot of jargon being tossed around. You may hear words like “profit” and “profitability” and mistake them to mean the same thing.

March 26, 2020
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How To Deal With Closing Your Month Remotely

As everyone is trying to learn new ways to manage the COVID-19 effects on their personal and professional lives, many businesses are trying to learn how to navigate monthly closing remotely.

July 17, 2020
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Your Tax Prep 2020 Checklist – For Next Year’s Filing

While there may still be some time before the tax filing deadline of April 15th, it is important to have all of your tax documents in order ahead of time.

December 22, 2020
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Accounting Mistakes That Could Be Limiting Auto Dealership Profits

The auto dealership industry is already a competitive and confusing market to begin with, so it’s even more frustrating when you miss out on hard-earned money you’ve worked for.

January 6, 2021
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Five Accounting Mistakes that Can Hurt Your Business

Small business owners—especially those just starting out—have a habit of ignoring detailed accounting, in many cases running the finances of the business in much the same way that they manage their personal checkbook.

September 26, 2019
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Investment Income Tax To Impact Estates And Trusts

The Patient Protection and Affordable Care Act (P.L.111–148), (as amended by the Health Care and Education Reconciliation Act of 2010 (Pub.L. 111-152), contains a 3.8% net investment income tax (NIIT), that will impact estate and trusts, starting in 2013.

June 5, 2012
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