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Maximizing Tax Benefits: Real Estate Investing for Tech Entrepreneurs
Are you a tech entrepreneur? Are you constantly seeking avenues to maximize your earnings and minimize your tax liabilities? We have the right solution to ensure a secured tax benefit strategy. Understanding the complexities of taxation is essential for tech entrepreneurs to maximize their financial plans. Securing tax benefits is critical in the dynamic landscapes […]
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Tips for Entrepreneurs to Plan for an IPO Exit Strategy
An exit strategy helps owners or investors of a business to sell their investment or stake in the business. It is a contingency plan for the owner/s to minimize risks and optimize returns while quitting the enterprise. Business owners need to have an exit strategy in place even before they launch their companies. Exit strategies […]
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Keeping Your Business Data Safe with Cybersecurity Solutions
The advancement of digital technology has completely changed the way human beings interact with the world around them. Businesses nowadays work with a digital infrastructure to deliver optimum value to their customers and gain a competitive advantage. Technologies like Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) have led to an increasingly […]
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Everything You Need to Know about Intellectual Property and Taxation Laws
Intellectual property is currently one of the major contributors to the economic growth of the U.S. The artistic, scientific and technical innovations created by individuals give rise to different forms of intangible properties like patents and copyrights. It can be difficult for a layman to clearly understand the taxation and legal aspects associated with intellectual […]
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Navigating Tax Credits for Sustainable Building
Builders, real estate developers and property owners all over the U.S. focus on sustainable building projects as the federal government has made such developments mandatory across the country. Whether it is constructing a new property or performing maintenance tasks on an existing one, renovating it or handling its regular operations, sustainable practices can greatly benefit […]
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The SaaS CFO’s Playbook: Achieving Financial Mastery
Business firms these days have to deal with a lot of unpredictable factors over which they have little to no control. Startups now have to face several critical challenges that they did not have to deal with even a decade ago. Business is now nothing like the way it used to be at one point […]
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Mastering Cash Flow: A Startup and Business Owner’s Guide
Startup business owners often find it difficult to manage their resources efficiently when they are looking to improve their production methods and the quality of the final products. Startup founders need to learn about the best practices in cash flow management. This can help business owners to maintain their cash flow and the resulting liquidity […]
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Things impacting Year-End Tax Planning for the Construction Industry
The year 2023 is ending and people are busy planning the holiday season. At this stage, the companies within the construction industry are getting ready to plan and prepare their taxes. If you are a business owner looking to make your mark in the construction industry, you need to deal with the increasing inflation levels […]
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Building Budget Basics: Hard Costs vs. Soft Costs in Construction Projects
A construction project involves way too many variables. For this reason, it is a challenge to forecast an accurate budget. From the fluctuating prices of materials to labor costs, contractors are often at a loss in calculating the project’s cost. But this does not mean it is impossible – you can find the exact budget […]
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How to Save on Taxes: A Guide for Every Construction Company
Did you know the federal tax rates are the lowest for public construction firms? After working as a construction business CPA in San Francisco for decades, I have noticed how companies try to save on taxes. Especially in the post-pandemic era, every company strives to hold on to extra cash while they can. Many construction companies […]
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Hiring Family in Your Small Business: A Guide to Navigating the Tax Maze
Hey there, small business owners! Let’s chat about something that might be on your radar: hiring family members. It sounds simple, right? Keep it in the family, build the business together – but there’s a catch. The tax rules for family employees aren’t your standard fare. So, buckle up, and let’s dive into this family-business-tax […]
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CA Proposition 19 Questions Answered
After almost three years, there are still uncertainties regarding the details of intergenerational and base-year transfers for seniors and the disabled according to Proposition 19. In November 2020, Californians voted for Proposition 19, altering property tax rules for intergenerational transfers and base-year transfers for those 55 and older, disabled, or disaster victims. Nonetheless, both taxpayers […]
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Choosing the Right Business Structure for Your Construction Company
Are you thinking of establishing your own construction company? Have you decided on it’s organizational structure yet? As exciting of a venture as it might be, your success, the extent of your tax obligations, and the overall operational ease hinge on the business structure you choose for the company. The structure you choose also impacts […]
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7 Important Tax Planning Tips for Tech Entrepreneurs
The world of a San Francisco tech entrepreneur revolves around technology and innovation. Staying aware of the latest tech trends, drafting business strategies, and ensuring continuity of operations. But that’s not all! As an entrepreneur, you have to think about the tax liability of the company and plan accordingly. If not, you might end up […]
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Common Mistakes to Avoid in Commercial Real Estate Investments
Commercial real estate investments ensure a worthwhile experience, with the promise of bigger returns, provided you are careful in your dealings. Most first-time investors I have seen get so blinded by the promise of lucrative returns that they lose sight of the risks. It’s essential to assess multiple factors before investing in commercial property because […]
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Common Tax Mistakes to Avoid in Tech Startup Accounting
In my years as a CPA in San Francisco, I have worked with several tech startups, helping them with accounting, financial planning, and filing taxes. I have noticed a common misconception among these budding entrepreneurs. Since the company is still in its early stages of business and pre-revenue, they assume there won’t be any tax […]
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Paid Leave Under the New Coronavirus Law – Who Qualifies?
In an effort to help our country endure the economic uncertainties of the COVID-19 Pandemic, Congress has passed the Family First Coronavirus Response Act (FFCRA) on March 18, 2020.
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Which One Should I Apply For: PPP or EIDL?
In an effort to combat the negative impact COVID-19 has on small businesses, the CARES Act is offering low interest rate loan programs for working capital
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Issues with Stimulus Payments: What You Need to Know
On April 15, 2020, the IRS opened a Direct Deposit Portal on their website to provide status updates on the Economic Stimulus Payment for taxpayers.
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Assembly Bill No. 5 & Why You Should Care
What is AB-5? On September 18, 2019, California Governor, Gavin Newsom, signed Assembly Bill No. 5 (AB-5), which went into effect as of January 1, 2020
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Prepare for California Tax Changes 2021
With an incoming Administration in the White House and new Congress taking place soon – tax changes are inevitable. Here is our quick guide to help prepare for the changes
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New PPP Updates, California’s Small Business Grant & More
Today we’re covering a topic that is top of mind for most small business owners: the new stimulus bill signed into law last week. We’re going to discuss what it means
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Tax Season Is Here—Here’s What You Need to Know
There’s no doubt about it—2020 was a weird year. And between the fallout of the pandemic and a new administration, we have plenty to update you on. Here’s what’s going on.
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Tax Season Looks Different in 2021
Tax Season Looks Different This Year—Here’s What You Need to Know While the end of the COVID-19 pandemic is now in sight, the economic ramifications aren’t ending just yet.
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7 Tax Deductions For Rental Property You Should Know
If you’re paying high taxes for real estate property, chances are you’re doing something wrong.
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Does a small business have to offer health insurance in 2021?
We’re covering everything you need to know about providing health insurance as a small business owner amidst a global pandemic in 2021.
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California LLC vs. S Corp: Which Should You Choose?
California Limited liability company (LLC) or S corporation (S-corp)? What do these titles mean? And which one should I choose? This is an age-old question that we receive time and time again here at Basta & Company.
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Your Health Insurance for S-corp Options: A to Z
Choosing an S-corporation to form your business comes with a number of impressive tax advantages. You don’t pay corporate income tax, and your Social Security and Medicare tax bills
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How To Calculate The Employee Retention Credit
The Employee Retention Credit could give your business thousands of dollars this year in the form of a refund from the IRS.
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When Should Your Company Hire a Part-Time CFO?
Budgeting, forecasting, KPI tracking… it can be hard to know whether or not you’re on track without the direction of an expert.
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An Accountant’s List of Best Real Estate Tax Deductions
In today’s post, we’re going to tell you which expenses to watch out for in your daily life as a real estate agent, and what to remember when it comes to tax deductions at tax time.
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How Your Business Can Bounce Back After The Pandemic
In today’s blog, we’re going to give you a few valuable tips on how to approach your business in the post-COVID era, and what you can do now to improve business this year.
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Does Your Business Qualify For The Employee Retention Credit 2020 & 2021?
If you’re anything like our current clients, you’re probably skeptical of just how much you can get back in tax refunds and credits from the Employee Retention Credit.
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4 Ways to Reduce Taxes for High-Income Earners in 2022
For high-income earners (those earning over $400,000 a year), it means that your tax liability is most likely going to increase in upcoming years under Biden’s tax proposal.
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Do you Qualify As a Recovery Start Up Business?
If you started a brand new business during the global pandemic, you’ve most likely scoured every government stimulus program there is.
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Top Small Business Deductions 2021
Congratulations, you started your own business. Now, you ask yourself; what expenses can I write off as a business? How do I claim them? On my personal tax or business return?
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Choosing The Best Medical Practice Accounting Software in 2021
Choosing a good medical practice accounting software can not only help you manage your business finances day-to-day, but it can also help you prepare for financing
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6 Steps to Create a Real Estate LLC
Having a real estate LLC can do wonders for your real estate business, mainly because it carries certain tax benefits and is relatively easy to establish.
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How-to Start A Medical Practice Checklist
It’s an exciting and exhilarating time for every (soon-to-be) business owner, but one that can be highly stressful as well.
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The BEST Loan Options for Medical Practices
In today’s blog, we’re going to cover the best loan options for your medical practice and point you in the right direction to get started.
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How To Make A Business Plan For Medical Practice 2022 [WITH TEMPLATE!]
If you’re reading this article then chances are you’re ready to open your first medical practice. Congratulations! You’re going to need a business plan to get things
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2021 Last Minute Tax Credits You Should Know About
For many 2021 credits & deductions, time is running out. In today’s blog, we break down recent changes to the tax code this year, and highlight any last minute tax credits you
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How To Create a Business Budget 2022
Let’s dive into the 5 steps you need to take to create your budget in 2022. As a business owner, you make many decisions about your business at the start of every year
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How Will Inflation Affect Your Small Business?
High Inflation isn’t going anywhere. In fact, prices are rising at the fastest rate since the 1980s. In January alone, prices rose 7.5% compared to the same time
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5 Ideas to Find Pre-Seed Funding
Traditional loans are typically hard to get if you’re just getting started – and the process is often tedious and overwhelming. However, there are various alternative avenues you can take for funding if you are not successful.
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The R&D Tax Credit for Startups 2022
In today’s blog, we’re going to discuss how the R&D Tax Credit works for startups, how much you can claim, and whether or not your company is eligible.
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W2 Employee vs. Contractor: Which Should You Hire?
Hiring for your business is one of the most challenging decisions you’ll make as a business owner. It’s also the most important. In fact, your profitability and long-term growth both
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Good Debt vs. Bad Debt
Debt. Is it all bad? Is there really such a thing as good debt? (Or is that something people tell us to make us feel better.)
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Qualified Small Business Stock (QSBS) Explained!
There are 3 tax codes every American entrepreneur and investor should be familiar with: • Section 1202 • Section 1045 • Section 1244 In this blog, we’re going to cover all three and tell you how they can save you hundreds of thousands, even millions, of dollars in tax breaks for your start up. If […]
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7 Things Tech Accountants Can Do For You
Accountants are typically people you go to at the end of the year to help you reduce your tax burden… and pay as little tax as legally possible to Uncle Sam.
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Budgeting vs. Forecasting
In today’s blog post, we’re going to break down budgeting vs. forecasting for business owners and let you know how-to do each task.
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2022 Start Up Tax Deductions To Know About
In this blog, we’re going to chat about the top start up tax deductions that you should know about in order to reduce your tax burden this year.
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What’s an 83(b) election?
An 83(b) election is one of the biggest tax savings around for startup founders when granted options or receiving equity compensation.
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The Cost to Start a Business in California 2022
How Much Does It Cost To Start a Business In California? So, you’re ready to give your burning idea a crack and start a business in California.
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When is it Time to Hire a Part Time CFO?
If you’re reading this article then chances are good that your business is growing – congratulations! There are few things more exciting (and tiring) than pushing
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What Is a Founders’ Agreement? And Why You Need One
When starting a company, all Founders have goals, aspirations, and practical ideas about how the company will run and evolve.
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Startup Equity Explained!
If you clicked on this article, then congratulations! You are either starting a business, or joining a startup, and either way you’re in for an awesome ride.
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The R&D Tax Credit for Construction, Engineering, and Architecture
Do you own a construction company? If so, you may be eligible to save between $50,000 and $5M on taxes each year!
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How to get a business loan for a startup
A startup business loan can help propel your new venture from The Little Engine That Could to “full steam ahead” in a matter of months.
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S-Corp vs. LLC for Real Estate Companies
Should you form an LLC or S-Corp for your real estate or construction company? Does this question bother you way longer than what it takes for concrete to dry? It shouldn’t, when your attention should be on what you do best – counting rental yields or constructing the next skyscraper. In this blog, we deconstruct […]
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The Best Construction Company Accounting Software 2023
Having a good construction company accounting software can make or break your business. Construction company accounting software can be a driving force behind business success. It can manage job costs, automate accounting tasks, and give you a real-time reporting view of how your business is performing so you can make more confident decisions about your […]
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Your Guide to Tax Law Changes in 2022 and 2023
We’ve rounded up all of the tax law changes in 2022 and 2023 in this post! If you need help from an experienced accountant with your business
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What Are California’s 1031 Exchange Rules?
What are California’s 1031 Exchange Rules? We’re walking you through everything you need to know with our experienced real estate accountant in today’s post.
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5 Things Your Real Estate Tax Accountant Should Tell You
Wondering if you are structuring your real estate taxes in a way that is advantageous? Here are 5 things your real estate tax accountant should have told you
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