ORIGINS GROUP FINANCIAL BLOG
ACCOUNTING, FINANCE, TAX & ADVISORY
A good entrepreneur may see a handful or a dozen companies in a lifetime, we see hundreds a month. Therefore, we can provide the inputs, outputs, and frameworks to help leaders make better decisions while also maintaining the feedback loop to adapt, adjust, and continuously improve.
This blog is a place to share insights on topics ranging from startup accounting to international tax to blockchain. We will also share important news and information about the accounting, finance, and tax arenas, and of course, also about our firm. Having staff and partners including some of the best accountants for startups to experts in international tax and cryptocurrency tax gives our group a lot of perspectives and value which we hope to share here with you to help us grow together!
Founder, Joshua Azran CPA/ABV/CFF, CMA, CGMA, CFE
Proposed Regulations on Global Intangible Low-Taxed Income (GILTI) Inclusions
Federal Tax Law Updates, International Tax, StartupWhat is GILTI? U.S. shareholders of Controlled Foreign Corporations (CFC’s) are required to include in income their Global Intangible Low-Taxed Income (GILTI), as a result of the addition of IRC §951A by the Tax Cuts and Jobs Act. The rules apply to tax years of foreign corporations beginning after December 31, 2017, and to tax […]
New Regulations for Section 199A Pass-Through Deduction
Corporate Income Tax, Entrepreneur, Federal Tax Law Updates, Individual Income Tax, Partnership Income Tax, S-Corporation, Small Business, StartupThe IRS has finally released regulations for the IRC §199A deduction for qualified business income, also known as “pass-through deduction.” What is Section 199A and Who Does it Apply To? Section 199A allows business owners to deduct up to 20% of their Qualified Business Income (QBI) from sole proprietorships, partnerships, trusts and S corporations. Individuals, […]
Automatic Accounting Method Change Opportunities Created by the TCJA
Corporate Income Tax, Federal Tax Law Updates, Partnership Income Tax, Small Business, Startup, Tax PlanningSummary: Businesses can enhance their cash flow by optimizing their tax accounting methods. The Tax Cuts and Jobs Act expanded the number of small business taxpayers eligible to use the cash method of accounting by raising the cap on gross receipts to $25 million averaged over the prior three years. A change in accounting method […]
2017 Tax Reform: Last-minute year-end moves in light of Tax Cuts and Jobs Act
C-Corporation, Corporate Income Tax, Federal Tax Law Updates, Individual Income Tax, Tax PlanningCongress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a […]
The Importance of Financial Statements for Your Small Business
Accounting, Small Business, Startup, Tax PlanningYour small business seems to be doing fine. You have plenty of customers and your employees are working hard, yet your bank account is empty and you’re having problems paying the bills. On the outside it looks like everything should be terrific, but somehow it isn’t. So, what’s wrong? How do you figure out where […]
Seven Topics You Should Discuss with Your Accountant Every Year
Accounting, Entrepreneur, Small Business, Startup, Tax PlanningSmall business owners often use the new year as a time to plan annual budgets and focus on sales growth and new business opportunities. It’s also a great time to make resolutions to review accounting practices and financial controls on the business. To make the most of your annual accounting review, here are the seven […]
Accounting Considerations for Equity and Revenue Recognition
Accounting, Entrepreneur, Partnership Income Tax, S-Corporation, StartupAs a Certified Public Accountant who regularly works with early-stage technology companies, I have come to accept that accounting usually is not a favorite topic among entrepreneurs. In fact, given all the other things an entrepreneur has to think about, conforming to generally accepted accounting principles and practices can end up fairly far down on […]
How to Avoid the Perils of Payroll Taxes
Accounting, Payroll TaxIt is the nightmare scenario for every business owner. A letter from the IRS arrives demanding payment for unpaid payroll taxes. The statement lists the amount owed along with penalties and interest. Thousands of businesses are faced with this situation everyday. Even worse, many of these companies are forced into bankruptcy when they are unable to […]
Why Startups and Entrepreneurs Need Accountants, and How to Choose One
Accounting, Entrepreneur, Startup, Startup Q&AMany first time and even repeat or serial entrepreneurs who launch their startup will initially try wearing the accountant’s hat by doing their own accounting and taxes, in addition to doing everything else in their business. The advent of simple desktop and online or cloud-based bookkeeping software packages like Quickbooks, Xero, Wave, etc., make it […]
Starting a New Business? Here are the Accounting Decisions You Need to Make
Accounting, Startup, Tax PlanningStarting a new business is exciting, but in that excitement are a lot of decisions to be made. Out of them all, the accounting decisions you will need to make are among the most important. When starting a new business, you will want to spend some time on the following areas: The type of organization your […]