airCFO

?Important Update on Minimum Salary Thresholds? In June, we informed you about the Department of Labor's planned increases to the salary threshold for exempt employees. We now have an update following a significant legal development: On November 15, 2024, a federal judge ruled these proposed increases unlawful. Consequently, the salary threshold will revert to the 2019 federal level of $35,568 annually, unless superseded by state or local laws. ?? State Compliance Thresholds ?? Alaska: $48,796.80 ??California: $66,560 ??Colorado: $55,000 ??NYC, Nassau, Suffolk & Westchester Counties, NY: $62,400 ??All Other NY Locations: $58,458.40 ??Washington State: $67,724.80 ? Our People Ops Team Can… ??Confirm Salaries: Review employee salaries to ensure compliance with the 2019 federal threshold. ??Check State Compliance: Verify compliance with state-specific thresholds. ??Identify Non-Compliance: Flag employees whose salaries do not meet the federal or state thresholds. ??Communication: Notify clients and impacted employees of the blocked rule and any necessary changes. For more information, contact our People Ops team. ??♀?

Writing code is complex. Building a product is complex. But the thing that kills many startups is surprisingly simple: While a startup spends most of its time & energy solving complex engineering challenges, they often stumble on the simple but critical task of building scalable internal infrastructure. Over a decade of working with hundreds of startups, I've watched brilliant technical founders repeatedly underestimate one fundamental challenge: building basic financial infrastructure. Turns out, maintaining a healthy back-office is a lot like staying in shape: straightforward in theory, but difficult in practice. Founders who overlook the importance of building their back-office foundations from the earliest stages are setting themselves up for pain when their rocket ship takes off. airCFO's mission is to help startups succeed by avoiding these pitfalls so their internal infrastructure can help accelerate their growth instead of throwing them off-course.

?? Scaling Beyond Series B: Refining Your Financial Model for Sustained Growth ?? As your startup approaches the Series B+ stage, precision in financial modeling becomes crucial for steering your company toward sustained profitability and growth. At this stage, you're not just managing a business—you're optimizing it. A key focus is on maximizing the ROI of your go-to-market strategies, where understanding the customer lifetime value to customer acquisition cost (LTV:CAC) ratio is paramount. In this post, we'll explore the vital components of a financial model for later-stage startups. For a more in-depth review, check out our website: https://lnkd.in/e3-dH2e5

?? Navigating Series A Funding: Mastering Your Financial Model ?? As you gear up for Series A funding, the stakes are higher, and the demands are tougher. You're no longer just proving your concept; you're demonstrating product-market fit and driving sustainable growth. A meticulously updated financial model becomes your navigation tool—it's not just about tracking performance but managing your burn rate strategically to extend your runway effectively. In this post, we'll break down the essential components of a financial model for Series A stage startups. Read more here: https://lnkd.in/e3-dH2e5

?? Building a Strong Foundation: The Role of Financial Modeling for Seed Stage Startups ?? As you prepare to pitch your seed stage startup to potential investors, it's essential to back your vision with solid data. A well-crafted financial model isn't just a tool for forecasting; it's a critical component of your pitch that aligns with your narrative about the value your team brings. It showcases not only your startup's current traction but also its future potential. In this post, we'll explore the key elements that every seed stage startup should include in their financial model to effectively communicate with investors. Read more here: https://lnkd.in/e3-dH2e5

A few weeks ago, our dedicated Accounting & Finance Advisory team gathered in Nashville for a mini offsite focused on personal growth and team dynamics. We're incredibly proud of our team's dedication and their continuous efforts to elevate our services. A huge shoutout to the entire team for their engagement and for making this meaningful connection possible. Here’s to carrying this momentum forward and making 2025 our best year yet! ? #TeamBuilding #airCFO #Leadership #Growth #Success

?? Navigating the Financial Frontier: The Top 6 Accounting Challenges Startups Face ?? Aspiring entrepreneurs often face daunting statistics, with only one-third of new businesses in the U.S. surviving past the decade mark. For startups aiming not just to survive but to thrive, financial acumen is key. In this post, we'll dive into the six most common accounting challenges that could derail your startup and how to skillfully navigate them to secure your place beyond the statistics. Read more here: https://lnkd.in/eVSpMNiz

Last week, a few members of the airCFO team took San Francisco by storm, hosting back-to-back events that brought together the vibrant startup community. We kicked off our trip with a private dinner in collaboration with Subscript, where we reconnected with long-standing clients and reminisced about the early days of airCFO—all over some fantastic food. The momentum continued with our inaugural airCFO <> Brex Supper Club the following night. This event created a lively space for founders to network, exchange stories, and enjoy some incredible Italian food. It was great to engage with so many innovative leaders in one room! We're already looking forward to the next gathering. Thanks to everyone who joined us and made these evenings truly special! #airCFOEvents #StartupCommunity #Networking #FoundersDinner #SanFrancisco

?? We're Hiring! Join airCFO's Tax Team ?? We're on the lookout for passionate individuals to join our tax team, with openings in both North America and the Philippines. Why airCFO? We're committed to being a best-in-class advisor for high-growth startups. Our vision is to become recognized not only as the premier partner for innovative companies but also as the top workplace for talented, startup-minded professionals. We believe in nurturing our team’s growth just as we nurture our clients' success. Dive into your next great adventure with airCFO, where your work directly contributes to the success stories of tomorrow’s leading firms. ?? Apply now: https://lnkd.in/eyiPUDdS #airCFOCareers #WeAreHiring #TaxProfessionals #StartupSuccess #JoinOurTeam

Managing people operations effectively is crucial for a startup, but many early-stage companies encounter challenges that can significantly impact their progress. This post delves into frequent People Ops challenges startups face. Join the conversation to learn how to manage your most crucial asset—your team—effectively. For more information, download this resource: https://lnkd.in/e6B6PxUj.