Startup Tax Credit

There is a new tax credit (up to $250K per year & $1.25M total per company) which allows 2016 R&D expenses to generate a tax credit to be used against 2017 payroll taxes.

Details:

  • 2016 qualifying expenditures include wages and costs related directly to software development
  • For each dollar of qualified expenditures, your company receives a payroll tax savings of up to 7 cents in the next year for federal payroll taxes, and depending upon the state, may also save in state income taxes
  • If you had a net loss and didn’t owe taxes in 2016 you can still get a tax benefit for future years
  • Note: your company must have had zero revenue prior to 2012 and no more than $5 million in gross receipts in 2016 to use this credit

For more information please contact accounting@squarerootfinancial.com or your tax advisor.

Is there a “right” price for your business?

Setting a price for your product or service can be tricky. If you price it too high then you’ll scare potential clients away. If you price it too low, you’ll miss out on profit for your business and clients may not view your business as having as much “value” as a higher priced product or service.

Learn how to set the right price for your product or service with Simple Finance for Entrepreneurs. The next cohort starts on February 28th! Sign up HERE .

Simple Finance Course for Executives & Entrepreneurs

SRF is excited to announce it’s new course:  “Simple Finance: What You Need to Know When Outsourcing Any Finance or Accounting”a 4 week course designed to empower executives and entrepreneurs with nonfinancial backgrounds.

At the end of this course you will have a financial model you will be able to use for your business. You’ll have a clear understanding of your financial statements, accounting system and how to manage your business finances.

This course will provide you with a strong foundation so that you’ll feel confident when hiring accountants and finance personnel. You’ll know that you’re asking them the right questions to determine what’s best for your business.

Below is a breakdown of what each week will cover. To view the complete syllabus please click HERE.


WHO IS IT FOR: Executives and Entrepreneurs with Nonfinancial Backgrounds
TIME COMMITMENT: 1 hour per week for 4 weeks
WHERE: Live Online
WHEN: The first cohort will start on Feb 28th, 2017. Space is very limited.

TO FIND OUT MORE/RESERVE YOUR SPOT PLEASE CLICK HERE OR EMAIL: accounting@squarerootfinancial.com