Final Deadline: BOI Reports Must Be Filed by March 21, 2025
The BOI reporting deadline is now confirmed for March 21, 2025, following a judicial ruling that reinstated the Corporate Transparency Act (CTA). Businesses required to report Beneficial Ownership Information (BOI) must do so before the deadline to remain compliant and avoid penalties. What This Means for Businesses A court decision in Samantha Smith and Robert […]
Automation in Accounting: What Does It Mean for Your Business?
Automation in accounting is revolutionizing the way businesses manage their financial processes. It’s not just about using software; it’s about integrating technology to create seamless, accurate, and efficient workflows that save time and reduce human error. This shift is essential for businesses that want to remain competitive in today’s fast-paced environment. Let’s explore what accounting […]
Why Industry Specific Accounting Services Make All the Difference
At Novii CPA, we’ve discovered the powerful impact of working closely with clients across specific industries. Our tailored approach ensures that each business gets exactly what it needs from us—not a generic service, but a strategic partnership. We provide maximum value and thrive in the collaborative spirit of the industries we serve. Here’s a look […]
Outsourced Accounting vs. In-House Accounting: Which Is Right for Your Business?
As businesses grow, particularly in complex industries like biotech, life sciences, manufacturing, and professional services, one of the most critical decisions is how to manage accounting and financial planning. Should you build an in-house accounting team, or is outsourcing the better solution? Each approach has its benefits, and this guide will help you navigate which […]
Navigating the Complexities of Multi-State Taxation for Life Sciences Companies
Operating in the life sciences industry is complex, especially when it involves expanding across multiple states. As your company grows, so does the challenge of navigating the intricate web of state tax laws. This can be particularly daunting for life sciences companies. Understanding and managing multi-state tax obligations is crucial for maintaining compliance and avoiding […]
Empower Your Business: Join Us for Metrics & Mimosas in Madison, WI!
In the fast-paced world of business, keeping track of key performance indicators (KPIs) and metrics is crucial for sustained success. To help you navigate this critical aspect of business management, Novii CPA is excited to host Metrics & Mimosas, an engaging event designed to introduce you to the importance of tracking metrics and KPIs and […]
Transforming Financial Leadership with Fractional CFO Services
Navigating the financial landscape of different industries comes with its unique set of challenges and opportunities. Fractional CFO services offer a solution by providing high-level financial expertise on a part-time basis, allowing businesses to benefit from strategic financial leadership without the commitment of a full-time CFO. This approach helps companies manage complexities, improve performance, and […]
Victoria Thayer Honored with Prestigious Award: Founder Spotlight
Celebrating Our Founder Victoria Thayer’s Prestigious Award We are thrilled to announce that our very own Victoria Thayer, Founder and President of Novii CPA, has been named one of the six recipients of the 2024 AICPA Outstanding Young CPA Award in honor of Maximo Mukelabai. This prestigious award recognizes young CPAs who have shown exemplary […]
Finding Success on Social Media: 5 Tips from an Accounting Firm
In today’s digital landscape, social media has become an indispensable tool for businesses in virtually every industry, including accounting. At our firm, embracing social media has not only enhanced our visibility but has also allowed us to connect more effectively with our clients and peers. Here’s how we’ve found success on these dynamic platforms, and […]
Maximizing Innovation: The Essential Guide to R&D Tax Credits
In today’s rapidly evolving marketplace, innovation is not just a buzzword; it’s the backbone of growth and competitiveness for businesses across all industries. Research and Development (R&D) tax credits stand as a pivotal financial tool, designed to encourage companies to invest in the kind of innovation that propels forward-thinking and market expansion. But navigating the […]
