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Startup Tax Tips & Triage – Convertible Debt

Stephen Day Corporate Tax, Tax Planning, Tax Services, Tax Strategy

Investor: I’m in! But let’s do it with convertible debt. Startup CEO: But we get the money, right? Investor: Of course, this is just a way to manage risk and keep things flexible. Startup CEO: Cool! When do we get the money? VPTax: Not so fast. Although convertible debt is on occasion a preferred way to secure outside investment there …

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What California Pre-revenue Companies Need to Start Now to Preserve State Net Operating Loss Carryforwards

Tom Brehmer Income Tax, Tax Planning, Tax Services, Tax Strategy

If you are a pre-revenue CA domiciled company with employees in other states, you need to sell something before December 31, 2016. Not sure what to sell? Keep reading… Last week, I went to battle with Big Accounting over the reporting of California net operating loss (NOL) carryforwards. My client has one office… in CA; has 98% of its employees …

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Stop Thinking In Absolutes, It’s All About Scope!

Tom Brehmer Project Management Triangle, Tax Planning, Tax Services, Tax Strategy

We have previously shared our thoughts about the meaning of two sides of the project management triangle, cost and time. Now we’ll tackle the third, scope. Yes, scope, not quality. If you thought you memorized the triangle differently in school, you’re probably right. But that was school. This is the real world. If your product or service doesn’t live up …