Happy #WellnessWednesday Nuts!
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.
Startup Corporate Tax Returns and Employee Options
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.
Startup CEO Salary Report
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.
Q3 2018 Startup Tax Deadlines
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.
Startup Alert: Supreme Court Rules on Sales Tax
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’s [South Dakota v. Wayfair, Inc.](https://www.supremecourt.gov/opinions/17pdf/17-494_j4el.pdf) ruling grants states broad authority to collect taxes from companies that have an “extensive virtual presence” even if they have no “physical presence” in that state.
4 Reasons to Raise Venture Debt
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.
Why Do Startups Need a 409 Evaluation
The IRS wants you to have a 409A valuation so they can make sure that your common stock options have the appropriate strike price.
Tax Reporting ISO and NQSO
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?
Startup Tax Return
How much should be a startup tax return cost?
Section 382 Triggers
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
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.
R&D Tax Credit Expense Categories
If you haven't heard, R&D tax credits have really changed dramatically over the past couple of years.
Delaware Franchise Tax
There are three really important things that you need to keep in mind when you're filing Delaware franchise tax.
California Statement of Information
There are three really important things to think about when you're considering filing a California Statements of Information.
California Franchise Tax
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.
1099 IRS Forms
1099s are an IRS form that you've got to get out to your contractors by January 31st.
1099 IRS Forms
1099s are an IRS form that you've got to get out to your contractors by January 31st.
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Introducing KruzeTax - Startup Tax Returns
Tax Season is upon us! Instead of using a local CPA firm (way too expensive & no Startup expertise), check out KruzeTax.com.
What is the best and cheapest registered agent in Delaware that has experience with tech startups?
I’m going to expand this question a bit…Why does a startup need to have a Registered Agent in Delaware?
Do bootstrapped startups actually pay taxes?
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.
2018 New Tax Laws & How they Affect Startups
The Good, The Bad and The Ugly.
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What Startup's Accounts on the Balance Sheet Need to be Reconciled
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.
Startup's Due Diligence Information Venture Lenders Ask For
The first thing they're going to ask for is your historical financials.
IRS Audits and Startups
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?
Financial Modeling Basics for Startups
There are really five things. First of which, you do need three years worth of projections.
Best Systems for Paying your Startup's International Contractors
We typically recommend Bill.com, but they don't do the international.
Why Should Startups Use Bill.com
There are really three main reasons why you absolutely want to be using Bill.com.
Why Do Startups Take Venture Debt?
At Kruze Consulting, we get tons of questions about venture debt. Should a startup take it? Is it good for the startup?
Warrant Coverage Venture Loans
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.
Investor Abandonment Clause on Venture Debt
We're mainly referring to investor abandonment and venture debt term sheets.
What Startup Systems to Set Up First?
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.
Bookings vs Revenue
At Kruze Consulting, we get tons of questions about the difference between bookings and revenue.
2017 Startup Tax Compliance Calendar
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.
2016 Tax Compliance Calendar for Startups
Happy New Year Startups! Concerned about your 2016 Tax Deadlines? We've done the work for you with this complete 2016 Tax Compliance Calendar.
The Recent Flurry of IRS Change of Address Notifications
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.
Startup CFO Tax Checklist: Key Dates for 2015 Taxes
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!
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