As we step into Q4 2024, it’s time to start thinking about year-end to-dos. That includes some tax preparation. Maybe your company files its taxes in April or is on its own fiscal year. Either way, there are a few steps you can take this fall and winter to limit the...
As a founder of a startup, you’re putting your belief in a delayed gratification model. Those early days of building your company will probably be lean. You’ll work nights and weekends in exchange for what’s most likely a small amount of pay. The thinking goes that...
In 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping changes to U.S. tax law — but not all of them were permanent. Some of the provisions from the TCJA are set to expire at the end of 2025. While these expirations primarily affect individual taxpayers, there...
The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax...
For tech startups operating in Manhattan, especially those that have recently raised Seed or Series A rounds, the Commercial Rent Tax (CRT) can be an unexpected expense. If you're leasing office space in Manhattan south of 96th Street and your annual rent exceeds...
Getting an audit notice from a tax authority is enough to stop most founders in their tracks. It doesn’t necessarily mean you’ve done anything wrong, though. While things like high deductions can definitely trigger an audit, it’s also possible to get chosen at...
You’ve probably thought through operating in other states to some extent. If you start selling your product or service across state lines, you might need to register with that state and pay sales tax there, for example. Ultimately, though, your company’s selling...
The start of a new year always feels fresh. You’re looking ahead and probably getting excited about everything your startup will accomplish in 2024. Don’t forget to look behind you, though. Even as you vision-cast for the year ahead, you need to wrap up the year...
Does thinking about filing your taxes put some tension on your shoulders? If so, it’s probably because you’ve had a less-than-ideal filing experience in the past. And in most cases, those unwelcome filing instances come from surprises. Or you might be feeling...