Startup Blogpost

MARCH 10, 2023

From including your team in deductibles to researching specific exemptions, here are seven answers to the question, “What are your most helpful tax strategies that every startup founder needs to be aware of?” Deducting these costs from taxes can help save a lot of money for your business in the long run.

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TechCrunch

MAY 20, 2021

From bookkeeping to invoicing to paying taxes — it’s one big headache. She helped launch its first POS (point-of-sale) product and its SaaS products. She eventually became GM of its payroll business unit, and that was her first foray into taxes and understanding their implication. It can be a lot to keep up with.

data analysis 86

data analysis SaaS opportunity founder 86

TechCrunch

JANUARY 18, 2023

That means roughly seven out of 10 shoppers won’t complete their transaction, leading to an estimated $18 billion in segment-wide lost sales revenue each year. ThriveCart quickly caught on with businesses, it seems, growing to tens of thousands of customers and more than $1 billion in sales processed annually.

SaaS 105

SaaS entrepreneurs investing investment 105

Entrepreneurs' Organization

OCTOBER 10, 2018

A repeatable, profitable sales and marketing process lead by our VP of marketing. Now we have battle-tested processes that we continue to iterative and improve in the following areas: Marketing and sales. Now, I have a trustworthy financial model for calculating the health of my business—and planning for its future.

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Red Rocket

JULY 14, 2023

They can also help identify small business and R&D tax credits to reduce tax liabilities At Formation (Pre Revenue) At the start, the CEO can manage the core finance functions. We would recommend that the company engage an outside accounting firm at formation to help with annual tax preparation.

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StartupNation

JUNE 7, 2021

Your revenue is the total amount that is generated by the sales of goods or services before expenses are taken out. Profit is the total amount remaining after expenses, company debts, operating costs and taxes are taken out. Allocate money for taxes. You must account for your taxes when considering the profits you make.

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StartupNation

NOVEMBER 18, 2021

Not only should you calculate the cost of one-off expenses, such as office furniture and signage, but you should also consider reoccurring or ongoing expenditures, such as inventory, payroll, leasing, taxes and utilities. Before you apply, it’s important to consider how much capital your business needs to open its doors.

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real estate startup financing finance 97

TechCrunch

MAY 13, 2021

You can implement numerous advanced planning strategies to minimize capital gains tax , reduce future estate tax and increase asset protection from creditors and lawsuits. Capital gains tax can reduce your gains by up to 35%, and estate taxes can cost up to 50% on assets you leave to your heirs.

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strategy startup founder founder startup 82

StartupNation

JANUARY 11, 2021

How is the 25% reduction in revenues calculated? In addition, there is a simplified calculation that allows the business to compare annual revenue losses. There is also a separate calculation for farmers and ranchers. Publicly traded companies are not eligible to receive second draw PPP loans. What is a seasonal employer?

health 87

health consulting real estate hospitality 87

Entrepreneur's Handbook

JANUARY 3, 2022

A copywriter who knows brand strategy, understands and appreciates graphics and can advise you on sales and web design , on the other hand… They’re in short supply. Open a separate pot or bank account for taxes and add money to it every time you get paid. which ended up making my skillset way more valuable. A few times I cried.

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advice mentorship collaboration creativity 102

Y Combinator

AUGUST 30, 2021

For example, to become a customer of ADP or Paychex, SMBs had to go through a lengthy process of filling out paper forms and talking with sales reps. It involves managing multiple systems (taxes, withholdings, filings, payments) in a reliable and compliant way. And then there are filings. SMBs had historically been hard to reach.

incumbents 89

incumbents peer-to-peer health opportunity 89

StartupNation

SEPTEMBER 28, 2021

Once you have selected your name, to become a legal entity in the United States you must apply for a Federal Tax Identification Number with the IRS. Because you need a FEIN to open a bank account in your company’s name, to file taxes and for many other purposes. You can get on a sales call and do the same.

strategy 122

strategy entrepreneurs creativity energy 122

Angel Capital Association

JANUARY 16, 2024

If they are a B2B SaaS business, does their investment into sales & marketing match their growth strategy? Founders are often also the key salesperson, but does their model reflect additional sales hires as the plan scales? Are they forecasting salaries but not including associated payroll taxes?

SaaS 40

SaaS strategy financing finance 40

NZ Entrepreneur

APRIL 25, 2024

Shipping and Tax Calculations: Squarespace integrates with shipping carriers and calculates shipping rates automatically based on factors such as weight, destination, and shipping method. Users can also set up tax rules to ensure compliance with local regulations and automatically calculate taxes on purchases.

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support entrepreneurs enablement development 52

TechCrunch

JULY 24, 2022

The Consumer Financial Protection Bureau (CFPB) describes FICO as “a pioneer” in developing a method for calculating credit scores based on information collected by credit reporting agencies. Fonoa raises $60M to automate tax compliance and calculations for global companies like Uber and Zoom.

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TechCrunch

MARCH 15, 2022

So when Neuvoo decided to rethink its name in 2019 and saw that Talent.com was up for sale, it jumped at it and rebranded. It paid $1.3 million for the domain, although mysteriously the rest of the details are under NDA for three years, so it’s unclear who was doing the selling. “This is crucial,” said Martínez.

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incumbents education innovation VC 74

Smart Hustle Magazine

JULY 17, 2021

After all, you’ve spent hours putting in the work to sustain your company and it’s only natural that you sell it for its true sales value. An online valuation tool like Flippa’s is created with historical sales data from a wide pool of digital businesses and offers sellers instant price points and insights on how to improve sellability.

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strategy financing finance media 69

TechCrunch

MARCH 28, 2022

(The other three packaging areas it’ll be adding are recycled plastics, with dynamic pricing and LCA calculation expected to be integrated into its platform by the end of April; as well as glass; and plastic alternatives.). Sourceful points to an incoming plastic packaging tax in the U.K. ,

sustainability 88

sustainability ventures opportunity VC 88

Gust

JULY 23, 2012

Donations of private stock enable investors, founders and employees to support charitable causes and contribute to the community while receiving simultaneous benefits in the form of substantial cash savings from reduced taxes as well as bypassing capital gains taxes. The Tax Benefit. Some Basic Rules. in excess of $25,000).

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Gust

NOVEMBER 18, 2012

Assign probabilities to active customer sales efforts, just as sales managers do in quantifying a salesman’s forecast. Otherwise, multiply earnings before interest, taxes, depreciation and amortization (EBITDA) by some multiple. Calculate replacement cost for key assets (cost approach).

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TechCrunch

JUNE 14, 2021

But if you want to do so without incurring the wrath of any particular state, or nation-state, you’d best have your tax matters in order. This is why Stripe’s news last week that it has built tax-focused tooling to help its customers manage their state bills mattered. The first deals with addresses.

SaaS 97

SaaS capital startup ventures 97

Gust

NOVEMBER 1, 2011

The selling price can be estimated by establishing a reasonable expectation for revenues in the year of the sale and, based on those revenues, estimating earnings in the year of the sale from industry-specific statistics. Let’s assume 20X for purposes of this example. million ÷ 20X. Post-money Valuation = $ 2.125 million.

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venture capital capital ventures angel investing 161

Red Rocket

NOVEMBER 29, 2022

After tax, that is only around $2,000 per month. We as a society need to better value the roles they are playing, and all chip in with slightly higher real estate tax bills. sales results, tasks completed). That is only $30,000 per year, in a world where inflation is off the charts. So, what does this mean for you? 10 or higher.

real estate 62

real estate culture consulting education 62

Smart Hustle Magazine

JUNE 16, 2021

And yet, as businesses look to grow by expanding their sales channels, growing tax obligations perhaps pose some of the most significant risks to growth. Understanding how tax changes as your business grows. Today, all but one of the 45 states with sales tax have economic nexus laws in effect. Wayfair, Inc.

consulting 66

consulting opportunity enablement technology 66

TechCrunch

NOVEMBER 18, 2022

” Don’t spend too much time calculating future revenue or reading Gartner studies for factoids that sound authoritative. SaaS startups that ignored VC advice to cut sales and marketing were better off this year. Many VCs advised founders to dial back their sales and marketing outlays to preserve runway this year.

advice 89

advice pitching SaaS frameworks 89

David Teten VC

JANUARY 19, 2021

John Berger, Director Operations & Impact Solutions, Toniic , observed that this has clear investor benefits: “ The grace period became a feature because it benefits investors in regions like the US where there can be tax differences between short and long term gains. More complex cost of capital calculation.

VC 45

VC venture capital funders capital 45

Gust

SEPTEMBER 5, 2012

Angel investors don’t expect to get repaid, nor do they really want to get repaid; the return on their investment, if the startup proves a success, will come in conversion to equity followed by an eventual liquidity event (sale or IPO of the company), with a return of at least 5x or 10x the initial investment if all goes well.

financing 134

financing finance investing investment 134

David Teten VC

JANUARY 19, 2021

John Berger, Director Operations & Impact Solutions, Toniic , observed that this has clear investor benefits: “ The grace period became a feature because it benefits investors in regions like the US where there can be tax differences between short and long term gains. More complex cost of capital calculation.

VC 45

VC venture capital funders capital 45

TechCrunch

MAY 10, 2023

billion in sales tax during the first quarter of 2022, a 17% increase from the $117.7 As Rohit Bhadange, co-founder and CEO of Zamp , explains, every state, county and city has different tax jurisdictions whose laws businesses must comply with, making over 12,000 taxable districts. Census Bureau.

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SaaS venture capital development ventures 91

Both Sides of the Table

MARCH 25, 2016

In our industry we call that a TAM (total addressable market) and I’m sure you can even Google methods for calculating a TAM. billion in sales and thus controls less than 10% of the market. No platform is naïve enough to allow an outsider to grow enormously large in their ecosystem without an appropriate tax or benefit to them.

incumbents 277

incumbents startup peer-to-peer incubation 277

Entrepreneurs' Organization

SEPTEMBER 2, 2016

I’d go to work each day focused on results that are easy to see: making a sale, collecting “follows” on social media, tracking the website hits from my online advertising. Instead, use them to calculate key metrics and ratios. In my career as an entrepreneur, I’ve often fooled myself about what’s important and how to build my business.

sustainability 130

sustainability entrepreneurs media development 130

Entrepreneurs' Organization

NOVEMBER 2, 2016

Tax Liability accounts are the most common place to find mistakes (and fraud). See if you’re booking taxes and tax payments correctly, then look into loan balances, leases and credit card accounts. Unless you allocate labor to specific jobs (or products) calculating profit margins is impossible.

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entrepreneurs leadership financing finance 130

NZ Entrepreneur

DECEMBER 12, 2019

It includes every employee, from paying and recording their salary or wages to calculating bonuses, benefits, deductions, taxes, and leave. It starts on the first day of employment and can continue after a person leaves, with the calculation of notice entitlement and your legal obligation to keep records. Local compliance.

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support entrepreneurs technology advice 52

Onevest

MARCH 27, 2015

However, some states still may require notice filings and states retain jurisdiction to enforce certain rules, including those requiring that offers and sales are not made through misrepresentations or omissions. Note that this is calculated based upon record ownership of the shares, not beneficial ownership. Form 10-K’s and 10-Q’s).

advice 189

advice consulting investing investment 189

Y Combinator

SEPTEMBER 16, 2020

Disclaimer: This is not legal or tax advice. Equity can be a huge incentive for joining a startup early, but knowing when to exercise your options, how to get paid out, how much you’ll make, and how much you’ll get taxed is not at all obvious. This is calculated as (number of options) / (total outstanding shares issued by the company).

startup 59

startup consulting advice capital 59

TechCrunch

DECEMBER 15, 2020

The funding will be invested in Taxdoo’s growth — including international expansion– increased hiring, R&D, sales, and customer support. Taxdoo brings that data into a single place and then uses its own tech to automate transaction-level data ingestion, tax calculation and filings across Europe.

collaboration 102

collaboration VC financing finance 102

Entrepreneur's Handbook

MARCH 20, 2023

I won’t belabour you with the maths for calculating the duration of a bond, but you can think of duration as the sensitivity of a bond’s price to a change in interest rates. As mortgage rates decline, housing sales will pick back up. As sales pick up because financing becomes more affordable, it will help increase economic activity.

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real estate energy investing investment 141