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.

The Iterative Cycle of Startup Accounting

As an Adjunct Instructor at Northwestern University teaching startup accounting, I'm tasked with helping students understand accounting as it relates to startups.  Although the foundational mechanics of accounting are the same across all different business types, there are some special considerations for startups.  Specifically, startups have to develop and implement accounting policies and procedures [...]

Small Business Tax Preparation Checklist

2017 is here, meaning it is crunch time for your small business tax preparations. The beginning of the year is a hectic time for most small businesses and makes it difficult to gather all of the appropriate documents and expenses you will need to file taxes. Most small businesses will have started preparing your taxes, but [...]

The New Years Resolution Your Accountant Wishes You’d Commit to: Performing Monthly Bank Reconciliatons

Contrary to what account software companies lead you to believe, bookkeeping isn't is simple as it's made out to be.  Unless you have in depth knowledge of the software you're using and basic accounting principals, it's easy to get tripped up with bookkeeping. Throughout my years working with startups and small businesses, I've seen countless [...]

Understanding Equity Crowdfunding for Startups

In 2012 the JOBS Act was signed allowing entrepreneurs and startups to acquire funding through online platforms from non-accredited investors creating a new era for crowdfunding.  In 2016, the SEC implemented the latest section of the JOBS Act, Title III, also known as equity crowdfunding. This was supposed to open up a promising avenue for [...]

By |2017-03-03T14:57:57+00:00January 4th, 2017|Entrepreneurship, Startups|0 Comments

25 Small Businesses Tax Deductions You should Know About

Finding answers to your small business tax questions within the mountains of documents on IRS.gov can be a tiresome task. Often your answer will be spread out among various documents and cluttered with information you wish to sift out. This happens to be the case for anyone searching for a comprehensive list of small business tax deductions [...]

By |2017-03-03T14:57:57+00:00December 20th, 2016|Accounting Services, Taxes|0 Comments

The Importance of Bookkeeping for Startups

For new startups and their founders, managing the accounting for their business can be an intimidating, and seemingly daunting task.  Even some of the most basic aspects of accounting, such as bookkeeping, can get complicated.  It is important for startups to keep their financial records in pristine condition, as having clean financials serve a multitude of [...]

By |2017-03-03T14:57:57+00:00December 17th, 2016|Accounting Services, Entrepreneurship, Startups|0 Comments

Cleaning Up Your Chart of Accounts Before Year End

As the year comes to a close, it's even more important to make sure your accounting is in order, and that you're ready to hand off your financials to your CPA.  To save some back and forth between you and your CPA, it's important to review your financial statements to ensure your chart of accounts [...]

By |2017-03-03T14:57:58+00:00December 15th, 2016|Accounting Services, Entrepreneurship, Startups, Taxes|0 Comments

Calculating Burn Rate and Runway for Startups

As a startup founder, especially one in the earliest stages, calculating burn rate and runway for your startup is crucial.  These metrics are intertwined, and should be carefully monitored to ensure your business is able to meet its short term obligations, as well as determine if and when you may need to raise additional capital. [...]

By |2017-03-03T14:57:58+00:00December 15th, 2016|Uncategorized|0 Comments

Illinois Sales Tax Guide for Small Businesses

Sales tax, like all tax issues, can be tricky for businesses to understand. In our Illinois sales tax guide for small businesses we answer the many questions you, as a business owner, may have. Do I even need to collect sales tax? Which customers should I collect it from and how much do I collect? [...]

By |2017-03-03T14:57:58+00:00December 14th, 2016|Taxes|0 Comments

8 Reasons to Utilize Outsourced Accounting Services

Years ago, the concept of outsourcing was thought of as a luxury only large companies could afford. Services such as accounting, bookkeeping and CFO responsibilities are sent off to third parties to take the pressure off these companies. With the explosion of new cloud based technologies and financial automation solutions, outsourced accounting services for startups [...]

By |2017-03-03T14:57:58+00:00December 7th, 2016|Accounting Services, Entrepreneurship, Startups|0 Comments