Tech Company & Founder Taxes
Early Stage Technology Startups have a unique tax situation that needs to be carefully considered to ensure it factors in the founders shares in the business, the various rounds of investment, employee stock options, R&D Tax Credits, State R&D Incentives, and planning for the eventuality of an exit.
We also help founders with their personal tax situation as it can be complex as a result of 83b elections, stock option exercise planning, and capital gains considerations as a result of Qualified Small Business Stock Tax Treatment.
C-Corporation Taxes
Limited Liability Company (LLC | Partnership)
S-Corporation
Schedule C (Sole Proprietorship & Single Member LLC)
Pre-Seed
- Reconcile Quickbooks Online
Accrual Based Bookkeeping - Monthly Call
- Chart of Accounts Template Provide
A/P A/R Tracking By Client - Delaware Filings
- Annual Tax Compliance (1120, and one State Filing)
- Sales Tax Filings (Optional)
Seed
- Reconcile Quickbooks Online
- Accrual Based Bookkeeping
- Monthly Call
- Customized Chart of Accounts
- Deferred Revenue Recognition
- A/P, A/R Tracking
- Inventory/COGS Reconciliation
- Financial Metrics
- Annual Tax Compliance (1120, and one State Filing)
- Sales Tax Filings
Series A & Beyond
(discount if billed annually)
- Reconcile Quickbooks Online
- Accrual Based Bookkeeping
- Monthly Call and ongoing communication
- Customized Chart of Accounts
- Deferred Revenue Recognition
- A/P, A/R Tracking
- Inventory/COGS Reconciliation
- Board Financials and Metrics
- Annual Tax Compliance (1120, and State Filing)
- Sales Tax Filings
Business Formation
Are you planning to start a business? Before you try and do it yourself it will pay you in the long run to first have a conversation with both an attorney and a Certified Public Accountant to determine what entity type (C-Corp,S-Corp, LLC, Sole Proprietorship) is right for you based on the goals of the business and the stage you are in your development. We can help your business apply for a tax ID number correctly, and register for tax purposes in the States where it is necessary too. We like to recommend our business owners to concurrently work with practicing attorneys to ensure that they are covered both legally and tax wise when it comes to this decision.
C-Corporation
Limited Liability Company
S-Corporation
Sole Proprietorship
Tax Planning
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Sales Tax
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On June 21st, 2018, the Supreme Court ruled that States may charge a tax on purchases made from out-of-state sellers, even if the seller doesn’t have a physical presence in the taxing State. As of December 2018, 31 different states have standing tax laws requiring taxation of Internet purchases, most following the model of the South Dakota to only collect tax from those vendors with more than 200 shipments into the state or exceeding $100,000. Let us help your company determine whether you need to be aware of these new laws and how to stay compliant with them.
Payroll Setup & Compliance
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We usually recommend working with payroll services that are strong in technology and sync directly with Quickbooks Online. Gusto, Justworks, and Trinet are three platforms we often recommend to our clients as they help compliance greatly.
Our Process
Step 1: Contact Us
Get in touch and we’ll reach out to you to schedule a video call to better understand your tech startups needs and prepare a custom quote.
Step 2: Onboarding
We’ll invite you to our secure client portal where you can use our easy to use onboarding checklist to get started. See general pricing guide here.
Step 3: Review
We schedule ongoing video calls with you to review your financials and ensure all of your tax compliance is taken care off.