Got PPP? Now You Only Have 70% of PPP – the IRS Haircut

On Thursday, April 30th, the IRS one-upped Congress regarding the taxability of the Paycheck Protection Program (PPP) Loan forgiveness. Congress wrote very specific language in the Act, EXCLUDING the loan forgiveness as taxable income.  They wanted 100% of the loan be earmarked to pay employees and...

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What is unBookkeeper?

unBookkeeper is Accountalent’s bookkeeping solution for early stage startups. unBookkeeper – what’s the story with the un? Un means “not”.  We feel that early-stage startups may not need a bookkeeper, as bookkeeping has evolved and much of it can be done electronically. How does...

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R&D Credit Basics for Startups

  How has the R&D Credit changed? Before 2016, the R&D Credit had to be taken against taxable income – most startups do not have taxable income, so it was nice, but no immediate benefit. For tax year 2016 (returns filed in 2017) and onward, there...

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