Is your startup ready to work with Kruze Consulting? Do you want to know how much it will cost and what you will get in return? We've put together this calculator to help you estimate the cost of preparing your startup's tax return.
Remember, your startup is unique and this tool is intended to be a guide. Please contact us for a free consultation.
Q: Why work with Kruze Consulting?
A: We believe in disrupting an industry and space that's been long thought of as a cost center, boring, sterile, and cloistered. So here's what we did:
We're just like you.
Q: What's it like to work with Kruze?
A: We provide 3 main services to venture backed startups:
Q: Who will I work with?
A: Every client of ours is assigned 3 people:
Q: What clients do you work with?
A: We cater to a very niche market: we only work with DE C-Corps that are angel or venture backed. Many of our startups come from Y Combinator, 500 Startups, StartX, Stanford, Harvard, Berkeley, a16z, and First Round Capital.
Above all, we only work with smart nice people. We have - and we will - turn new clients away when we don’t have the bandwidth.
Q: Once we've signed our Engagement Letter, how do we get started?
A: We kick off the engagement right by scheduling a full hour Kruze White Glove Onboarding Appointment with you where we will walk you through all necessary procedures, retrieve all documents, and perform a tax compliance diagnostic. We prefer in person, but over the phone works too. Here is the agenda:
Q: Is there anything you don't do?
A: We don’t work with LLCs or S-Corps or individuals. We’re also not a broker-dealer and cannot fundraise on your behalf.
Q: How much can I really expect to pay on a monthly basis?
A: Our Tax Return Cost Calculator will help you estimate that cost. To get you a proper quote, we’ll provide an NDA and then ask for access to your existing QBO/Xero/NetSuite file. We’re looking for volume and complexity, and from there we’ll be able to provide you with an official quote, as there may be special items that our Pricing Tool doesn’t cover.
Consulting is charged separately. That’s when we come in and architect a business process / financial model / system that’s very unique to your business. This is a bespoke process typical of FinTech and eCommerce companies... but we looooove this type of work!
We also have a new startup tax return service. This new service combines our CPA’s expertise with a cutting-edge user interface, and we think it makes getting your startup’s taxes done simple and fast. We charge fixed prices per returns, depending on the complexity of your startup’s tax return. Visit Kruze Tax to learn more.
Q: Those rates are expensive! Why do you charge that for hourly rates?
A: We leverage software as MUCH as possible so that any time we do bill is value-add. Also keep in mind that Accounting/Finance Services are a lot like hotels: you get what you pay for. You can definitely find firms overseas who charge $2, but the quality won’t be on par. I can’t even tell you how many times a client has come to us after using a "competitor" only to discover that the "discounted" service they got was really no service at all! We’ve had to recreate SO many financials from scratch. After we showed a recent client exactly what was wrong with their books, they said "A drunk toddler could have done better... I wasted so much time and money working with someone else."
I stand by our rates, quality, and service.
Q: It looks like you have a $500/month minimum... can you tell me more?
A: We have a $500/month minimum on bookkeeping/monthly financials to engage. There's a lot of administrative overhead that goes into servicing our clients – aka time that we don’t charge. We've found that the economics don’t work for us if we're just "on-call" for the occasional 15 minute question if we’re not engaged for less than $500/month. Here are two examples:
Q: What if I can't afford the $500/month minimum?
A: That's OK! I’m not here to sell you something you don't need (yet). When you're starting out, the most important thing is to focus on product/market fit. Once you feel that having a finance team is of value to you (likely your investors will request it), that’s when it's time to engage. Until then, you can manage the books yourself. Here's how:
Boom. Ya’ll welcome :-).
Q: What about inDinero and Bench?
A: Both interesting companies. But they have a completely different customer base than us. If you're a venture backed startup, you will outgrow these platforms once you reach 5+ employees. Then you'll need to move to QBO or NetSuite and reimport/redraft/restate ALL those financials. That's a lot of wasted time and money. Also, you're not paying for service or expertise, you're paying for software. We love software and leverage it heavily(!)... but you still need a driver in the race car.