Accountalent 2021 Philanthropy Year-in-Review
Accountalent 2021 Philanthropy Year-in-Review

As 2021 draws to a close, the Accountalent team wants to take a chance to highlight a few of the organizations and charities that our company supports throughout the year. While our team is 100% remote, we strive to donate to organizations in our local communities,...

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Employee Retention Credit for Pre-Revenue Startups
Employee Retention Credit for Pre-Revenue Startups

The Employee Retention Credit (ERC) is a refundable credit worth $7K per employee per quarter for each 2021 quarter. (Note: “refundable” means you get a check for the credit amount from the IRS. Yes, cold, hard cash!) To qualify, there needs to be a 20% reduction of...

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Section 139 Plans: Startups BEWARE
Section 139 Plans: Startups BEWARE

One of the Bay Area "usual suspects" is at it again – this time pushing "Section 139 Plans." IRS Section 139 states an employer can reimburse employees tax-free for "reasonable and necessary medical, temporary housing and transportation expense" they incur as a result of a disaster...

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