Author Archives: Marilea Campomizzi, CPA

Regulation Crowdfunding: What You Need to Know about Financial Statement Requirements

As an auditor of financial statements, I found the most interesting section of the SEC’s 685-page final ruling document to be related to the financial statement filing requirements. Here is the key information that business owners and their advisors will need to know.

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What’s New with Equity Crowdfunding?

Big things are continuing to develop with equity crowdfunding. On October 30, 2015, the Securities Exchange Commission (SEC) issued final rules under Title III of the JOBS Act of 2012 that will allow equity crowdfunding through online portals.

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Is Crowdfunding As Straightforward As It Looks?

Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people. This popular method of raising money can create a lot of questions from an accounting and tax standpoint.

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The Importance of Expensing Items on Your Life Sciences Financial Statements

I enjoy working with clients in the Life Sciences and Innovation space. When we have conversations, their excitement and passion for research is palpable. There’s no doubt in their minds that they will be changing the world, and after talking with them, I typically find myself agreeing. But it can be difficult to discuss the business aspects of a client’s company. Who cares what line item on a financial statement you debit or credit when you can change the world?

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New Standards Affecting Development Stage Entities

In one of my earlier blogs, I referenced specific accounting standards required for Development Stage Entities (DSEs). The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915), which eliminated all unique reporting requirements for these type of entities as well as removed an exception that was […]

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Transforming Healthcare: A Recap of BioOhio Unplugged

Skoda Minotti Life Sciences and Innovation group, led by Marilea Campomizzi, CPA and Paul Etzler, CPA, CGMA, GACR, recently sponsored BioOhio Unplugged: CEOs & Leadership Series in Columbus, Ohio. The event featured G. Steven Burrill, who presented on his 28th Annual Report “Transforming Healthcare,” along with a recognized panel of life science industry CEOs and […]

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Contributory Retirement Plans: What You Need to Know About Late Remittance

It’s pay day!  Your gross pay every two weeks is $1,000, but somehow you only end up with $700.  The government has taken their cut, health insurance premiums have been withheld… and some of us are putting a few dollars aside for retirement.  We have a deduction labeled “401k” on our check stub.  It’s our […]

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Small Business Classification: Possible Changes Affecting Development Stage Entities

Under current accounting standards, startup companies that are devoting substantially all of their efforts to creating a new business may be considered Development Stage Entities (DSE) if either 1) the principal operations haven’t commenced yet OR 2) principal operations have commenced, but there has been no significant revenues generated.  Once identified as such, DSEs have […]

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Crowdfunding Update: 5 points to keep you compliant

As business advisors, we want to help our clients and contacts grow their businesses and find success in today’s marketplace.  Use of our networks including referrals to bankers, individual investors, or private equity companies add value to business owners by helping them to find the funding they need in order to get them to the […]

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There’s No Such Thing as a Free Lunch – Receiving Grant Money? Know What’s Required

If your company is in a Life Science and Innovation industry, such as biotech, biomed, health IT, nanotechnologies, or communications, you may receive money from local, state or Federal grant programs to fund the research or clinical trials on your drug, medical device, or disruptive technology.  Be knowledgeable about the agreements you’re signing – as […]

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