Our friends from TriNet have invited Kruze Consulting COO, Scott Orn, to host a roundtable to discuss end-of-year planning and outline the activities that life sciences companies need to consider while moving into 2021.
Kruze Consulting is a leading alternative to ScaleFactor. Our team assists hundreds of high-growth companies with their books, taxes and provides CFO level support. Learn more now.
The rationale for a warrant coverage or a little bit of equity upside for the lender is that they're taking a lot of risk here.
One of the most common questions CEOs ask us at Kruze Consulting is: “How much should my salary be?” Since the Kruze team helps run startup’s books and payroll, it’s natural that we’d get this question. We looked at our payroll data for over 125 seed and venture-backed startups to come up with the answer.
It’s another busy tax season - and here at Kruze Consulting, we are working hard to make this time of the year go smoothly.
It’s tax season once again and for seed stage startup founders, there’s a lot to know. At Kruze Consulting, our tax experts work with early stage companies through all stages of the tax process. Here are the most commonly asked questions we get from founders.
Not all tax filings are due on the same date for every company. In fact, many state and local compliance deadlines depend on… well, maybe when your startup first filed the initial filing, or incorporation, or when your business crosses a specific threshold - it really can vary by jurisdiction. Here are some of the state and local filings that vary based on your particular circumstances.
The Kruze team is getting together this week for networking, training and 2020 planning.
We are pleased to be growing fast - almost as fast as our best startup clients! We’ve recently been recognized as a fast-growing company by several prestigious publications in the US and the Bay Area.
Nobody likes tax season - even unprofitable startups have to file returns. And that means paperwork, competent financials…time startup CEOs could be spending growing their business.
On Halloween, Oct 31st, startups on Seattle, San Francisco, and New York, plus C-Corps in the US, have some major tax deadlines! But don’t be afraid, we have you covered.
1099s are a pain - somewhat mindless paperwork every startup needs to send to their contractors and many vendors like law firms.
If your startup has a location in California, then you likely have the pleasure of needing to file a 571-L SF Property Tax Statement. What is the Form 51-L?
Continuing our tradition of focusing on employee wellness, we recently brought in some healthy smoothies to help our team deal with the stress of tax time.
Have you had a week… let’s say.... a bit nuts?! Well, we’re also working hard at Kruze Consulting because it’s TAX season, 1099’s were due, year-end accounting is pretty important… (side note, check out our tax deadline calendar here for startups) things can get a bit busy.
How to get a Startup Stock Option Exercise Report for your startup’s tax filings. Startups are required to report to the IRS the amount of compensation for services granted to employees and contractors through stock option exercises.
Unfortunately for startups in the United States, tax deadlines aren’t just in the spring. Beyond the April 15th deadline (it was actually April 17th in 2018), here are SOME of the other deadlines your startup needs to be aware of in the third quarter.
The Supreme Court has overturned a 1992 precedent that allowed online businesses to only collect sales taxes in states where they had a 'physical presence'.
Today we're talking about four reasons to do ventured debt if you're a startup. Now, the most important one is to extend your runway and make sure you hit all the key milestones the company needs to raise its next round of capital.
The IRS wants you to have a 409A valuation so they can make sure that your common stock options have the appropriate strike price.
This is a big question that we get in December and January of each year. What should we be doing with all of those employees and contractors that you've given ISO's and NQSO's too?
How much should be a startup tax return cost?
Section 382 is a part of the IRS code that was developed about 20 or 30 years ago to limit corporations' use of their net operating losses to offset profits.
SAAS sales tax does exist, it's not just for tangible goods. A couple of years ago various states put into place SAS sales tax.
If you haven't heard, R&D tax credits have really changed dramatically over the past couple of years.
There are three really important things that you need to keep in mind when you're filing Delaware franchise tax.
There are three really important things to think about when you're considering filing a California Statements of Information.
There are three really important things to keep in mind when you're thinking about California Franchise Tax, so let's go ahead and go over them.
1099s are an IRS form that you've got to get out to your contractors by January 31st.
Trucks Venture Capital funds the entrepreneurs building the future of transportation.
Super Fast Business is a business resource designed to help you as an online business owner make more while working less.
Growing companies is what they do. From early stage to IPO and beyond.
A PR agency specializing in launching startups, growing lean organizations and crowdfunding campaigns.
Sequoia is the service partner for people-first companies.
For the first time in history, now the majority of the US population can invest in tech startups.
The Ranchod Law Group is an immigration law firm in Sacramento California that provides a complete range of immigration law services for individuals and employers throughout the United States and worldwide.
Hitch Partners is a retained search consulting firm that partners with technology companies on mission-critical leadership roles focused on security.
Issue stock today and manage all your equity in one place without getting bogged down in spreadsheets and paperwork.
Bridge Bank was founded in the highly competitive climate of Silicon Valley in 2001, and continues to provide a full suite of professional business banking services.
They are building the future of employee recognition, rewards, and reviews. Bonusly integrates seamlessly with your organization's HR and communication tools.
Creating Magically Simple Business Payments.
Tax Season is upon us! Instead of using a local CPA firm (way too expensive & no Startup expertise), check out KruzeTax.com.
I’m going to expand this question a bit…Why does a startup need to have a Registered Agent in Delaware?
Yes, even bootstrapped pre-revenue startups must pay taxes. You might not be subject to Income Taxes (which are based on profitability) but you will still be subject to a wide variety of other taxes which aren’t always connected to Revenue.
The Good, The Bad and The Ugly.
UrbanSitter helps you find Babysitters, Nannies, and Child-Care.
Pana combines mobile app technology and virtual travel assistants to make travel easy.
Hugo is the smartest place for your team’s meeting notes, and we can guarantee that it is because we have been happily using it at Kruze Consulting with amazing results.
Fleetsmith is the new Cloud Based Mac Management Software that will change the way you work.
Emburse's virtual cards and expense management system is truly amazing for keeping expenses within your company well organized and controlled.
The punch line here is that every single account on the balance sheet needs to be reconciled, not just the bank and the credit cards.
The first thing they're going to ask for is your historical financials.
What can I do to make sure that I am prepared for an IRS audit? Ultimately, how can I make sure that I don't get it to an IRS audit situation?
There are really five things. First of which, you do need three years worth of projections.
We typically recommend Bill.com, but they don't do the international.
There are really three main reasons why you absolutely want to be using Bill.com.
At Kruze Consulting, we get tons of questions about venture debt. Should a startup take it? Is it good for the startup?
We're mainly referring to investor abandonment and venture debt term sheets.
We help venture back startups with everything from accounting, finance, tax, and HR. One of the biggest questions that we get from our new founders is what systems they should set up.
At Kruze Consulting, we get tons of questions about the difference between bookings and revenue.
It's 2017 and time to start Tax Planning for your Startup! Don't worry, we've done all the work for you by creating customized 2017 Startup Tax Compliance Calendars for Startups based in San Francisco, New York, Palo Alto and Santa Monica.
Happy New Year Startups! Concerned about your 2016 Tax Deadlines? We've done the work for you with this complete 2016 Tax Compliance Calendar.
Over the past week you may have received a Change of Address notice from the IRS. We called the IRS about this and discovered that the IRS added another line to everyone's address block (%ABCInc - see the Kruze version in the photo above). This extra line triggered a Change of Address for everyone including at least 20+ Kruze Consulting clients.
As the Consulting CFO and CPA to over 70 venture backed startups, the most common question I get asked every January is, “What do we need to do about taxes? What about this Delaware Annual Filing? And SF Payroll Tax Expense?” So about this time every year I send out a customized road map to all of my clients that details everything they can expect for the coming year. I wanted to share this “cheat sheet” with you, but keep in mind that this is just a “cheat sheet.” Please reach out to me or your local CPA about tax filings that are specific to your business…because every startup is unique!
How much can your startup save in payroll taxes?
Estimate your R&D tax credit using our free calculator.
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