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...
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...
We have prepared tax returns for over 3,000 early-stage startups and see many R&D Credit Studies done by newly-formed R&D Study firms – we will collectively call them the “usual suspects.” You can look at an R&D Study as an insurance policy for your R&D...
What is the California Water's Edge Election? And should your startup use it? Many startups we work with operate in the state of California and also have foreign subsidiaries. This can lead to complex tax situations, including the issue of determining income for the unitary group...
Over the past few weeks, Accountalent has been sharing the latest updates on the most recent stimulus bill, including: If you're still wondering if you qualify for PPP2, ERC 2020, or ERC 2021, continue reading to find a simple "Yes or No" quiz on whether you...
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...
