Kruze’s calculator tells you how much it will cost to prepare your startup’s tax return. We set startups up for fundrising success, and know how to work with the top VCs. Our timesaver package will provide you with a proactive partner who will handle your accounting needs while you focus on business. Kruze helped us all the way through our journey – from our seed round to our A to our eventual acquisition by a public company.

• But it’s critical that you’re comfortable with the finances supporting your business, if only so you can make strategic operational decisions as time goes on.
• VC and other funded startups have unique challenges that aren’t seen in other businesses.
• Even if your startup does not expect profits for many years, those tax credits provide a tax shield that is a company asset, making you more valuable in an exit.
• Operating CFOs with hands-on business strategy experience have been out of vogue for the last ten years but might be exactly what VC Funds need today.

Supporting Strategies provides outsourced bookkeeping services, controller services and operational support to growing businesses. From development stage startups to revenue-generating accelerated public company filers, Marcum has the startup cpa breadth of experience to deal with the challenges companies face. When early-stage companies get acquired by massive public companies or sophisticated venture capitalists, they need specialized accounting consulting and finance help.

Transforming global shipping

Failure to do so can lead to tax consequences so severe that they can quickly put a start-up out of business leaving enforceable tax debts behind. Founders, she says, should be focused on building the product, building the team and getting money in the bank. CFGI supports the Office of the CFO and Private Equity Sponsors with all your critical finance and accounting operations. We deliver the people, processes and technology solutions to solve all your operational finance and technical accounting challenges. In high tax states like Massachusetts, California, and New York, the consequences can be even more severe. We have extensive experience guiding founders in their stock option tax election, helping them make the right decision and filing the relatively obscure paperwork with the IRS.

And when you use us as your bookkeeper, we set up and keep up-to-date a due diligence folder so you can get that next round of fundraising. As a registered CPA firm 100% focused on serving funded startups, we provide the advice our CEOs need. Even unprofitable startups can get up to $500,000 back for their payroll taxes with the R&D tax credit – estimate your startups tax credit now. FJV is well-versed in both U.S. and international taxation and global commerce so consultation with us should be among the first items on the entrepreneur’s to-do list.

My Bookkeeping

Every part of our solution has been specifically designed to be “Accounting firm friendly” which means you get to experience an option that is tailored to YOUR profession. For the first time since 2019, we brought together our CFGI team from across all 17 offices for a well-deserved celebration! Some of our team members, unfortunately, were not able to attend due to Hurricane Ian. Financially distressed companies face a lot of questions and uncertainty, but CFGI can help make whatever course of action is needed easier to manage. Identify, assess and manage cybersecurity and data risk in all of its forms. Helping companies prepare for public life and everything that comes after.

We seek to overcome challenges through unique and innovative solutions. Clients who have worked with Kruze have collectively raised over $12 billion in VC funding. Kruze answers every Accounting, Finance, HR and Tax Question faced by early-stage companies. Kathryn Petralia explains how Keep Financial helps companies offer effective employee incentive programs, and leverages bonuses and financial compensation to motivate workers and improve hiring.

Susan J. McCarthy, CPA, MST, CSEP

Kruze is a leader in R&D tax credits and other tax incentives for VC-backed startups. Our clients are receiving close to $25 million per year in tax credits (cash from the IRS!), and hundreds of funded startups trust Kruze to deliver the right advice, at a reasonable price. Founder’s CPA is a public accounting firm that provides personalized services to venture-backed startups with an industry expertise in blockchain, cryptocurrency, FinTech, and SaaS. With an “accounting department as a service” model that is both flexible and scalable, we combine technical capabilities across multiple resources into one service offering. Focus on good accounting hygiene, like making sure that you keep your personal and business spending separate and accurately categorizing each expense.

As a startup-centric CPA firm, we understand the difference, which may not be apparent to your neighborhood CPA that specializes in W-2 employees and local businesses. We can work with you to implement profitability processes via Profit First so that your actual revenue generating projects produce gross profits, even if the company is generating losses. This will help contain your burn rate, and make your pro forma income statements look better, helping with valuations for future funding or exits.

ONE BOOKKEEPING SOLUTION TO RULE THEM ALL

But you should also understand what your business would look like if it takes five engineers eight months to build the feature. Aside from the fact that you’re saving money at a point when you don’t have much to spend, managing the books yourself gives you a grounding in basic financial concepts. So when he founded Pinger, a messaging startup, in 2005, one of Woock’s first steps was to work closely with a math whiz with deep knowledge of the telecommunications industry. He needed to figure out how much carrier bandwidth would cost him based on various variables, a calculation that required complex analysis. As an experienced executive with a stint as CEO of a Richard Branson-backed startup under his belt, Greg Woock understood the importance of making sure the numbers add up.

• Combine that with our expertise in income taxes and beyond and we are a full-time advocate for your business.
• Founders, she says, should be focused on building the product, building the team and getting money in the bank.
• We build financial models that have been used to close venture rounds with top investors.
• We make sure that tax benefits are immediately available and that tax risks are eliminated.
• However, there is “good burn” where you are developing assets to produce future income, and “bad burn” where your poor controls result in losing money without an expected ROI (Return on Investment).

As your business grows in complexity and you start thinking about attracting venture capital, staying on top of your finances will take more effort and more help. You’ll have to be on top of critical business metrics, such as the cost of customer acquisition, the lifetime value of a customer and your break-even point. Startups may be expected to lose money for years, with an anticipated burn rate. However, there is “good burn” where you are developing assets to produce future income, and “bad burn” where your poor controls result in losing money without an expected ROI (Return on Investment).

About Marcum

Botkeeper leverages machine learning and workflow tools that automate the most manual and time-consuming bookkeeping work, simplifying your workload and giving you back your most precious resource- TIME. Process standardization, technology https://www.bookstime.com/ integration and automation are all great ways to increase business capacity and give employees more time to focus on value-driven work. Providing the knowledge and savvy to lead your most critical finance and accounting projects.

With decades of experience in virtually every major industry, Raphael and Raphael has the proven breadth of services and the flexibility needed to best help you achieve financial success. Marcum’s Media, Gaming & Entertainment Practice can help your company successfully navigate this evolving marketplace to solve your business issues and realize your goals. Marcum provides auditing, accounting and financial reporting services to a broad spectrum of governmental entities. As accountants and advisors to these high-growth companies, we need to share values such as innovation and kaizen – while staying true to the standards of the accounting profession. Our account management team is staffed by CPAs and accountants who have, on average, 11 years of experience.