About Mastio Curt

Curt Mastio is a Certified Public Accountant, founder of Startup Accounting Advisors, adjunct instructor at Northwestern University's Farley Center for Entrepreneurship and Innovation and the Chief Financial Officer of Storage Squad LLC.

New Business Accounting Checklist

Understanding your accounting and reporting requirements can be daunting for any startup owner. Compliance is time consuming, and mistakes can lead to hefty fines. This new business checklist will give you the framework necessary to educate yourself on accounting processes for startups and small businesses. Following these steps can help you launch your business [...]

By |2018-12-27T17:48:15+00:00December 27th, 2018|Accounting Services, Entrepreneurship, Startups, Taxes|0 Comments

Pass-Through Deduction: A New Wrinkle in Choosing to Form an S-Corp

Accountants have often recommended that entrepreneurs convert their growing businesses into an S-corporation. This is due to a combination of legal and tax benefits. However, after tax reform and the new Section 199A pass-through deduction, S-corporations may not have the same tax benefits. Here's what happened.   The Traditional Tax Advantage of S-Corporations The main [...]

By |2018-12-14T17:49:17+00:00December 14th, 2018|Financial, Taxes|0 Comments

Making the Most of R&D Tax Credit

If your business isn't claiming R&D tax credit, you could be throwing money away. You don't have to be a huge company to take advantage: In fact, many small businesses can even use the credit to cover Social Security employer taxes. The definition of research and development is also wider than you might realize. Here's [...]

By |2018-12-14T17:37:50+00:00December 14th, 2018|Financial, Taxes|0 Comments

7 Bookkeeping Mistakes You Need to Avoid for a Successful Business

Many businesses owners try to double as a bookkeeper and end up making mistakes. While it might be easy to brush these mistakes off as no big deal, bookkeeping mistakes can cost you in time, effort, money, and sometimes your entire business. If you’re sweating over how you’ve been handling your books, you’re not alone, [...]

By |2018-11-19T23:09:46+00:00December 3rd, 2018|Accounting Services|0 Comments

Is Your Crowdfunding Campaign Taxable? What to Know Before You Launch

Are you thinking about launching a crowdfunding campaign? Did you know you might have to pay income taxes? Read this before you launch. Is Crowdfunding Taxable? Crowdfunding for a business is almost always taxable. That's because the contributors almost always get something in return. Taking someone's money and giving them something is a sale. It doesn't matter [...]

By |2018-11-19T22:17:05+00:00November 21st, 2018|Accounting Services, Startups|0 Comments

8 Simple Steps for an Effective Bank Reconciliation

Bank reconciliation is rarely something most small business owners and entrepreneurs want to do. It is, however, essential to keeping the financial aspects of a business running smoothly. Bank reconciliation is the process of reconciling your bookkeeping records with your bank statement. It includes all expenditures and deposits during a specific time period. The following [...]

By |2018-11-15T01:04:21+00:00November 20th, 2018|Accounting Services|0 Comments

The Importance of Using an Accounting Service: What’s in It for You?

Running a business is often difficult. You've got plenty on your plate without compounding things by having to do the accounting too. Business owners who do not have a background in this can make things easier by having someone do the accounting for them. When it comes to business practices, a lot of small companies [...]

By |2018-11-08T17:15:39+00:00November 12th, 2018|Accounting Services|0 Comments

Bench Accounting Reviews, Pricing & Alternative | Founder’s CPA

“Accounting is the language of business.” — Warren Buffett As a business owner, you need to wear a lot of hats. Although you can juggle marketing and business development tasks, there is one key area of your business that requires extra special attention — your finances. These days, you can access a range of accounting [...]

By |2018-11-08T17:09:30+00:00November 8th, 2018|Accounting Services|0 Comments

Cash Basis Accounting vs. Accrual Accounting

Running a business means dealing with bookkeeping and accounting. There are two ways of accounting: cash basis accounting and accrual accounting. Here are the differences between the two methods, examples of each, and the pros and cons of both methods. As stated by Investopedia: The main difference between accrual and cash basis accounting lies in the [...]

By |2018-11-02T17:16:30+00:00November 3rd, 2018|Accounting Services, Financial, Startups|0 Comments