The start of a new year always feels fresh. You’re looking ahead and probably getting excited about everything your startup will accomplish in 2023. Don’t forget to look behind you, though. Even as you vision-cast for the year ahead, you need to wrap up the year...
Taxes
DELAWARE ANNUAL FILING – 2023
The Delaware Annual Filing is due on March 1st, just 3 weeks away. So make sure to be on the lookout for an email from your registered agent in Delaware. You can sometimes use their portal to file an entire annual report. You will need your file number, which you can...
1099 + Other Year-end Reporting Tips for Your Tech Startup – 2023
Founders, for 2022, the threshold to issue a 1099-NEC remains $600 for payments made in the calendar year 2022. You must issue a 1099-NEC to the following: Services performed by someone who is not your employee (including parts/materials) – (box 1) Payments to an...
Shutting Down a Tech Company – Some Tax/Accounting Tips
The time has come. You’re at the end of the road. Whether you’re dissolving your business or handing it over to another company that’s acquired it, you might be looking forward to the day when there’s a lot less on your plate. You’re not there yet, though. Before you...
Founders – Get Huge Tax Breaks by acting now!
Founders - check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in...
What is an 83(b) election?
As a founder, you get one of the biggest perks through equity in your company. In your early days, you probably aren’t raking in a huge salary or taking sizable owner draws. But you can still be padding your pockets through your shares in your company. While these...
Converting From an LLC to a C-corp: Tax Implications to Consider
Plenty of small businesses operate as a limited liability company (LLC) when they first set up shop. In fact, a big portion of LLCs operate as single-member companies with a sole owner. This sounds appealing in the beginning because LLCs are easy to establish, and...
Startup Guide to California Franchise Tax and R&D Tax Credit
When you open a business in California, there’s one agency with which you need to get familiar pretty fast: the California Franchise Tax Board (FTB). You might even want to bookmark that page. As you establish your business in the Golden State, you’re going to be...
Tax Benefits for Founders: Qualifying Small Business Stock (QSBS)
As a founder, you’re probably going to issue yourself a significant number of shares in your company. The goal there, of course, is to make some (ideally, a large amount) of money down the road. But the amount you’ll be able to pocket hinges on how you handle your...