Attention self-employed with children under 18 years old: we have a great tax deduction for you that could reduce your Federal Taxes by 35%! If you can justify employing your minor child in your business, you get the tax deduction on wages paid to the and your...
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Since COVID, we receive several emails per week with this exact question about a startup moving out of the Golden State. The “from” tends to always be San Francisco, CA and the “to” is often Austin, TX. The following list gives some good pointers on the...
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When it comes to the topic of wealth preservation, there is no shortage of strategies. One method startup founders could take involves putting a percentage of their startup stock into a ROTH IRA retirement account to create a tax-advantaged nest egg. What is the ROTH IRA? The...
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Will a President Biden change the R&D Credit for startups? The answer is maybe. Biden and his campaign have not made any specific statements on the R&D Credit. Though, he has committed to greatly increasing federal spending–most likely through the Small Business Innovation Research (SBIR) program and...
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A lot has happened since the start of 2020. More companies and employees than ever are working remotely. Since the onset of COVID, several of the California startups we work with have moved their headquarters and employees from CA to another state (TX seems to...
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Calling all startups and startup founders: now that the election is almost finalized, the time to start tax planning is now. Although many specifics are not yet fully developed, here is what we know right now about how a President Biden plans to change your...
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