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Startup CFO | Finance and Fundraising
Founder & CEO @SALAMNDR Group
DM me if you require immediate assistance in migrating from Bench Accounting to another accounting platform. If you're an accountant or CFO Bench folding comes as no surprise. This last minute rug pull right before year-end has huge fundraising and tax implications for Founders. We are here to help.
Wow—has anyone else heard the news about Bench Accounting ?
The accounting giant, once a unicorn in the startup world, just shut down—leaving founders scrambling at year-end to get their books in order. This is a massive blow, especially for startups looking to impress investors or prep for fundraising.
Nathan K. already posted that SALAMNDR is here to help any founders caught off guard by this. If you need support, we’re ready to step in and make sure your financials are investor-ready.
But there’s more to this story. Ian Crosby Bench’s OG founder, shared on X that he was fired from the company (after 10 years). This raises big questions about board dynamics, founder control, and cap table strategy—decisions that can make or break a startup.
We’ll be diving into this in a video this week—breaking down what went wrong and what founders must learn about protecting their equity, their seats at the table, and—let’s be real—their entire companies.
Stay tuned—and if you’re dealing with Bench fallout, reach out. We’ve got you
Startup CFO | Finance and Fundraising
Founder & CEO @SALAMNDR Group
DM me if you require immediate assistance in migrating from Bench Accounting to another accounting platform. If you're an accountant or CFO Bench folding comes as no surprise. This last minute rug pull right before year-end has huge fundraising and tax implications for Founders. We are here to help.
🚀✨ Exciting News! ✨🚀
We’re thrilled to announce the launch of Orion Financials, where we take the stress out of numbers! 🎉
Let’s be real: accounting isn’t exactly the most thrilling topic at dinner parties, right? 😂 Who wouldn’t want to swap stories about spreadsheets instead of discussing their weekend plans? But here at Orion Financials, we’re ready to make your financial journey as exciting as watching paint dry! 😜
From bookkeeping that’s more organized than your sock drawer to tax planning that will make you feel like a tax wizard (or at least a tax accountant in disguise), we’ve got you covered. 🧙♂️✨
So, if you’re ready to turn your financial chaos into something that resembles order (or at least a cute little box), give us a shout! Because why worry about money when you can just stare at it blankly and hope for the best? 😂
Orion Financials: Because someone has to make sense of those numbers… and it might as well be us! 💼📈
#AccountingWithASmile#OrionFinancials#NumbersAreFun#SarcasmIsOurSecondLanguage
Do you know where your money is going?
Tracking your expenses is a game-changer.
A few benefits:
1. You'll know where to cut costs
2. You'll be able to track your financial progress
3. You'll get to maximize your tax write-offs
Bookkeeping is the foundation for financial stability.
And if you:
- Don't have the time
- Don't have the skills
- Don't know where to start
...consider outsourcing to a bookkeeping professional.
You don't have to do everything alone.
Investing $250/month in a bookkeeper can pay dividends in the long run.
Let's all be proactive and build a better financial future.
QuickBooks Pro Advisor Bookkeeper. I help Attorneys, Electricians, Realtors, RE Investors stay tax compliant, Increase billable hrs by 20% | Fix Books| In Less than 8wks. | FREE - Fix My Books Cheatsheet™ | IDCOLLINS.com
Non profit accounting is... Different. But it doesn't have to be harder! One of the most common questions I encounter is, "how do I track releases from restrictions?" The benefit of an accounting information system that can track multiple balances using fund and sub fund capabilities is that you don't need to create fund balancing entries every transaction, nor do you need to track these balances elsewhere, like in yet another spreadsheet. https://lnkd.in/eg5yhtb5
Small Business CFO - Owner/Founder Financial Fancy - Creating strategy for Entrepreneurs and their vision and get in compliance behind the veil. 🥇 Winning Business Coach/Mentor
Had an awesome discussion about tax strategies for business owners yesterday. My favorite key takeaways:
1. Capitalization policy and accountable plan for reimbursements is first priority
2. Home office can be considered primary or secondary office
3. Hire your kids
4. Safe harbor option: Any item under $2500 can be expensed immediately
5. Everyone (even SoloPrenuers): get a board of directors
Kick off 2025 with these quick financial hacks! 💸 Let’s stay on top of our money game together. DM me if you need bookkeeping support! #moneyhacks#financialgoals#2025success
Here is part 2: Year-End #Tax Strategies: Part 2
If you haven’t watched Part 1, stop scrolling and go check it out first. These builds on it!
I have shared more light on 4 more strategies.
Don't leave money on the table. Let’s finish the year strong.
I serve through The Ark NPS, a full-service Accounting Firm, where we provide Accounting services, Bookkeeping, Payroll, Tax Preparation, Planning, Resolution and Consulting, as well as Startup services to Individuals, Businesses and Nonprofits.
Let’s Connect!
Dr. Lilly
#TaxStrategies#smallbusiness