[untitled]1 points·by mattharney·3 ปีที่แล้ว·0 comments1 commentsPost comment[–]mattharney·3 ปีที่แล้วreplyGiven surprise tax bills generated by Section 174,here is our emergency pod with @useneotax(I have no affiliation w/ NeoTax)Why this matters?- Unprofitable tech co's can owe cash taxes - Profitable tech co's can see 4x tax bill - filing deadline = Tuesday 4/18My (non-tax professional!) takeaways from the pod:- best course of action = FILE EXTENSION- Section 41 (aka R&D Tax Credit) could offset much of the Section 174 liability- @useneotax has software tool that syncs with Netsuite / Quickbooks that can ballpark $- consider booking NeoTax 30-min consultation: https://meetings.hubspot.com/ben-eachus/rd-capitalization?ut...- update your board if tax $ owed are material surprise!
here is our emergency pod with @useneotax
(I have no affiliation w/ NeoTax)
Why this matters?
- Unprofitable tech co's can owe cash taxes - Profitable tech co's can see 4x tax bill - filing deadline = Tuesday 4/18
My (non-tax professional!) takeaways from the pod:
- best course of action = FILE EXTENSION
- Section 41 (aka R&D Tax Credit) could offset much of the Section 174 liability
- @useneotax has software tool that syncs with Netsuite / Quickbooks that can ballpark $
- consider booking NeoTax 30-min consultation: https://meetings.hubspot.com/ben-eachus/rd-capitalization?ut...
- update your board if tax $ owed are material surprise!