Inside the Collapse of Silicon Valley Bank and Signature Bank

bank collapse

On March 10, 2023, the banking industry was rocked by the collapse of two major institutions: Silicon Valley Bank (SVB) and Signature Bank. SVB, once ranked as the 16th largest bank in the United States, made history as the second-largest bank to fail in the country. Its investments in long-term bonds at the wrong time…

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7 of the Most Successful Deals on Shark Tank

Shark Tank

Performing a business valuation is complicated, to say the least. From varying formulas to varying investor interests, a company’s value is largely dependent on revenue trends, industry and customer concentration, profit margins, EBITDA, personnel, and competitive advantages. But that’s not all that matters. Entrepreneurs must knock their pitch out of the park in order to…

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IPO Watch List for 2022

IPO 2022

With significant rounds of fundraising over the last 10+ years, the market is bracing itself for a massive wave of IPOs. This wave is the result, in part, to the last decade of trillions of venture capital dollars directed to startups. Ernst & Young noted that 2021 gave us the highest yearly deal volume ever,…

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Crypto Tax Reporting and the New Infrastructure Bill


With cryptocurrency on the rise, even invading the NBA with the rename of the Staples Center to Arena, the use of cryptocurrencies are becoming commonplace in lives of Americans. Cryptocurrency, or just a digital currency that can be used to buy goods and services, has created a need for new rules and regulations for…

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Cyber Security Measures to Protect Your Small Business

Cyber security

With less resources to dedicate to cyber security attacks, small businesses are especially vulnerable to these threats. According to the National Small Business Association, one in five small businesses will face a cyber security attack, with the average attack costing a business $9,000. Unfortunately, the majority of small businesses do not have a response plan…

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Lessons Learned from the Enron Scandal

enron towers

What Was the Enron Scandal? At one point in history, Enron was one of the most powerful companies in the United States. The Houston, Texas based energy company was applauded for its expansions and ambitious projects, earning the title of “America’s Most Innovative Company” by Fortune for six consecutive years between 1996 and 2001. In…

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Corporate Fraud Spike is Inevitable

corporate fraud

From financial statement fraud to cybercrimes, and many other types of fraud in between, 2021 and beyond is likely to see a rise in fraud reaching nearly every industry. The pandemic has laid the foundation for fraud to run rampant, creating an environment where fraudulent activity will increase due to a number of major factors:…

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Valuations for Distressed Companies

distressed company

While every business valuation is different, struggling businesses do face unique challenges during the evaluation process. There is no one magic formula to decide the value of a company, these numbers are based on both qualitative and quantitative factors, which is further complicated by a failing company. A distressed company is defined by the inability…

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Protecting Your Business from Fraud with Proper IT

it security

No company, big or small, is completely immune from cyber security threats. This current day and age, marked by the booming popularity of e-commerce, means that business owners and individuals rely on computers for everyday communication, sales, banking and more. Unfortunately, fraud can hit small businesses much harder than large corporations. According to the Association…

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Hiring an Accounting Firm vs Using Accounting Software

Teamwork process, Business team colleague presenting and showing graph on tablet and clipboard at workplace in office. brainstorming, discussing, meeting

As a business owner, choosing how to handle your finances is one of the biggest, if not the biggest, decisions you can make. There are many things to consider when choosing between hiring an accounting firm versus using an accounting software. There are benefits of both options so here are a few things to keep…

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