Timing is Everything (in Your Financial Statements)

So, I’m sitting here, trying to write an article about the statement of operations and some other bits and pieces making up your audited financial statements .  It’s audit season, I’ve got financial statements on the brain and don’t see any reason why you shouldn’t as well.   And I’m writing stuff like “earnings over the period” …

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Excel Hacks

If you cannot tell from my images, I love Excel.  It’s G-d’s gift to accountants. Actually, it’s G-d’s gift to anyone faced with financial tasks.  Like you for instance! Excel’s divine origins notwithstanding, when you are working with a large, complicated file with multiple tabs, calculations and the like, it’s really easy for errors to …

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Budgeting and Cash Flows: the Absolute Basics

When I’m not working, writing articles for this website, making (often vain) attempts to keep my garden alive, learning German or knitting*, I volunteer with an organization called Paamonim.  We work with families to teach them personal financial management skills.   Anyway, this week my team leader had the team come in for a periodic meeting …

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No Soup Tax Benefits for You!—Israeli Tax Advantaged ESOP Program Requirements

As you go through the “Option & Share Plan for Employees” Section of the Due Diligence Handbook and the various articles I’ve written on options  you will notice myriad references to  tax authorities in general and the ITA (Israeli Tax Authority or Mas Hachnasah) in particular. That’s because, as we discussed here, national tax authorities …

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Office Environmental Protection- Six Golden (or Green) Rules for Working with Contract Templates

I review contracts all the time.  Some of these are created by my company (e.g. a sales team member sends me a draft to review before they send it to a client) and some we receive from suppliers or customers.  And every so often, I come across an error of a particular type: Document Pollution. …

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Part IV: ESOP/ Equity-Based Compensation

Equity-based compensation in general and ESOP’s (Employee Share Option Plans) in particular are something of a triple threat.  They are equity, an area of supreme interest to potential investors or acquirers.  They are part of employee compensation, an area of supreme interest to your employees.  They are frequently subject to strict, detailed and flat-out confusing …

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