Rho’s Post

🌟 Unlock Savings with the #RDTaxCredit! 💡📊 🔹 #StartupFoundersTips 🔹 #TaxSavings 🔹 #Innovation Don't miss out on valuable tax credits for your R&D activities. Learn how your startup can qualify and save! 🚀💼 #BusinessFinance #TechStartups https://hubs.li/Q02Hr3n70

🚀 Tax consolidation can be a complex decision, especially for those managing Friendly Professional Corporations (PCs). I had the opportunity to dive into this topic in a recent Fondo blog post. 🔍 Whether you’re considering consolidation for tax benefits or navigating the legal and compliance implications, this article offers insights to help you make an informed decision. Feel free to check out the full article, and reach out if you have any questions!

As the clock begins to tick on 2025 (too soon, I know), startup founders should be paying close attention to potential changes in the U.S. tax code. Many provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are set to expire after December 31, 2025, unless Congress takes action to extend or modify them. These changes could have significant implications for founders, investors, and their businesses. Here, we highlight key areas that are likely to impact startups, their founders, and early employees while provide first steps toward actionable planning strategies. https://lnkd.in/e7m7cVyz

Don't be so "heads down" that you don't see the opportunities around you. It’s becoming clear that startups must be more proactive in their financial strategies. Many founders must ask themselves how to stay on track and focused while maximizing resources and incentives (like R&D tax credits, grants, etc.) that help fuel growth. It can be a double-edged sword. Ensuring you're strategically aligned with available programs can mean more resources for talent, product development, and the work that drives your mission. Link to how I can help with this exact problem in the comments. https://lnkd.in/g-DbKq3e

As a #startup or #emerginggrowth company, it’s easy to ignore tax as a topic to manage – especially before you have received your first dollar in revenue.  However, even for startups that haven't yet generated income, prioritizing tax planning and compliance from the onset is vital. So why is tax so important? In our latest blog, Emerging Growth CFO and Practice Leader Michael Barry shares his insights and expertise. Read on for more. #taxstrategy #taxcompliance #startupstrategy #startupgrowth #financialconsultant 

A busy tax season just got busier! I've received numerous inquiries about what the Bench closure means to SmartWiz and the industry, and I wanted to share my insights. Bench's closure has just released 20,000+ small businesses and startups into the market, who after this experience, is probably going to look for a personal relationship with a small tax pro or CPA. (Our Customers at SmartWiz) Bench got to fully experience some of the the things that I saw when building my first business. For context, our original business Taxxwiz, a tech-enabled tax preparation enterprise, was experiencing growth at a rate of 100% YoY, with a clear path to reaching over 8 figures by 2025 fully bootstrapped. While all was exciting, one of the immediate challenges we noticed was the difficulty in offering tax and accounting services at scale due to limitations in existing software and infrastructure. Why you ask? 1. Quality deviation is a HUGE issue. In a high-stakes industry where precision is CRUCIAL, the quality of service is heavily reliant on the recruitment and development of staff. It is very hard to "hire" partners when they can open their own practice and make $400,000+ in a couple months. (Intuit is currently struggling with this trying to recruit for their TurboTax Live Program) 2. Your business constantly works against deadlines back to back (tax filing, payroll, corp deadline, quarterly deadlines, etc) and without automation, it is "hair on fire season" at all times. 3. Almost 70% of the work involves repetitive tasks, a challenge accelerated by the scarcity of junior accountants and junior tax professionals entering the industry who normally does this work. Recognizing some of these things, we ended TaxxWiz to start SmartWiz to address these industry challenges, let technology handle these shortfalls and provide support to firms catering to hardworking business owners and individuals. While it's disheartening to witness a pioneering industry player like Bench cease operations suddenly, WHEN we do this right, There will be hundreds of more "Bench's" at scale mastering a niche, all powered by SmartWiz. For startup founders affected by Bench seeking a new partner, our platform has hundreds of tax professionals, Enrolled Agents (EAs), and Certified Public Accountants (CPAs) ready to offer assistance. Here's to a successful tax season for all! [Link to the article: https://lnkd.in/e2FnKeBt]

Anrok, the global sales tax platform for software companies, has raised $30 million in a Series B funding round led by Khosla Ventures, with participation from Sequoia Capital, Index Ventures, and others. https://lnkd.in/d_jtk9Ce #TechNews #StayInformed #StayAhead #dailydose #followus #staytuned #stayconnected #technews #technology #trending #trendingreels #viral #viralreels #viralvideo #trendingnow #trendingreels #trendingnews #explore #explorepage #techdogs

🚀 Scaling your startup? Don't let tax season catch you off guard! 📊 Proactive tax planning isn't just about compliance; it's a strategic move to maximize your growth potential and safeguard your bottom line. 💡 Did you know that startups with a proactive tax strategy are 30% more likely to achieve their scaling goals? [Source: IRS Guidelines] 🔍 Schedule a consultation today and let us help you transform tax time into a growth opportunity! #StartupSuccess #TaxPlanning #ScaleSmart

From understanding essential steps to gathering required documents, our guide will help you navigate the complexities of startup tax preparation with ease. Don't let taxes stress you outlet's get your startup ready for success! Read here- https://hubs.ly/Q02vgpt40 #taxes #startup

Taxes shouldn't hold your startup back. Discover how outsourcing can streamline compliance and fuel your success. Click here to learn more. #StartupSuccess #TaxEfficiency #OutsourceToThrive #BusinessCompliance #EntrepreneurLife https://lnkd.in/dBy4QT-F