EXCITING NEWS ABOUT ESPRESSO CAPITAL

August 31, 2015 I’m pleased to share some exciting news about our expansion plans. Since Espresso Capital was launched six years ago, we are proud to have provided fast, fairly priced and user-friendly risk capital to more than 200 early and expansion stage technology companies in Canada. This is an exciting time for the Canadian […]

STORYTELLING FOR STARTUPS

April 14, 2015 Storytelling has quickly emerged as one of the hottest marketing buzzwords. As someone who spent 15 years spinning tales on broadcast television, I welcome the hype. Five years ago I set out to use storytelling techniques to help corporate clients craft their message. It felt novel back then. Stories offered a way […]

SR&ED AUDITS: THE 10 STEP SURVIVAL GUIDE

February 2, 2015 If you file SR&ED claims, you know all too well that audits are now a common occurrence. In my early days as a SR&ED practitioner, defending claims chewed up a mere 15% of my billable time. In recent years that number has shot up to 40%. Filing a claim that is defendable […]

FINANCIAL REPORTING DIAGNOSTIC

October 2, 2014 The following are some diagnostic questions to gauge the quality of your financial reporting: On what basis are financial statements prepared? Accrual basis accounting matches the revenues to the expenses incurred to generate the same revenues in order to provide a more accurate view of profitability, whereas cash basis accounting essentially mirrors […]

HOW TO GET GREATER INSIGHT ON YOUR REVENUE PERFORMANCE

October 2, 2014 In the never-ending quest to obtain greater insight into business performance, companies routinely spend considerable time and resources in identifying the key performance indicators (“KPIs”) for organizational health and performance. Best in class companies religiously track their KPIs, often creating dashboards and leveraging real-time reporting tools, in order to provide management with […]

MONTHLY FINANCIAL REPORTING – DO YOUR STATEMENTS MAKE THE GRADE?

October 2, 2014 As a very active lender to early stage and growing technology companies, we receive hundreds of loan applications every year. The quality of the financial reporting provided to us varies greatly, and unsurprisingly, correlates highly to the seniority and experience of the company’s lead finance executive. When we review loan applications, we […]

SR&ED AUDIT NIGHTMARE – A TRUE STORY

September 26, 2014 A company with a ten-year track record of successful SR&ED tax credit claims and government audits suddenly finds its status as a Canadian Controlled Private Corporation (“CCPC”) revoked by the CRA, rendering the company ineligible to receive  SR&ED tax credit refunds. The company was shocked: its corporate structure had not changed since […]

SUCCEEDING UNDER THE NEW SR&ED REGIME

July 23, 2014 Do changes to the SR&ED program make it more difficult to obtain funding for industrial research and development? We take a look at the revised criteria and its potential impact on your tax credits. In many of my conversations involving SR&ED tax credits, I get questions regarding the eligibility rules that have […]

IRAP VS SR&ED?

July 17, 2014 If your company conducts research and development, you most likely have or will consider a number of government funding and tax credit programs. How do you assess which program is right for you? How do you determine which program offers the greater expected return for your time and effort? This article will […]

VENTURE CAPITAL DEBATE NEEDS TO GROW UP

July 8, 2014  Two recent articles, I’m Glad I Did Not Take VC Funding and Canada’s Tech Start-up Scene Needs ‘Aggressiveness and Boldness’, illustrate how the conversation on how to fund your business has become way too polarized. It’s a dialogue that deserves much greater nuance than a simple and binary, pro and con judgment. The decision to […]