Day 3 of NY TECH WEEK by a16z:
2 inkle events, both packed.
Set up, run, and (mostly) hosted by our interns.
Thanks to everyone who came through.
#NYTechWeek#NewYork#Startups#Inkle
Further update on the interns.
Took them to NYC for Tech Week. Told them to go to the events, meet people, learn things, have fun.
Reporting back soon.
#NYTechWeek#NeyYork#Startups#Inkle
Your books should tell you where your business stands, not where it stood three weeks ago. Inkle Books automates the busywork, keeps transactions categorized, and gives you real-time financials you can trust.
🔗https://t.co/tGghcT0KFn
#Founders#StartupFinance
Tax scam reports jumped 62% year over year. Founders lost over $29M to letters that looked completely legitimate.
Most pass a quick glance but won't survive 15 minutes of verification. Know what a real IRS letter looks like.
🔗https://t.co/kArmLYOSeD
#Founders#TaxScam
Skipping Q2 and doubling your Q3 payment sounds reasonable until the IRS shows up. Each quarter gets penalized separately.
Missing June 15 and catching up later just stacks penalties on penalties.
🔗https://t.co/IHdAOWO887
#Founders#Q2EstimatedTax#StartupTax
Startup taxes aren't one return. It's Form 1120, 5472, 5471, FBAR, state filings and more, each with its own deadline. With Inkle, every filing is tracked in one place.
🔗https://t.co/IHdAOWO887
#Founders#StartupTax#DelawareCCorp
Inkle is now on the ChatGPT App Directory.
Ask ChatGPT about your P&L, tax filings, or vendor bills and get answers straight from your actual Inkle data. No exports, no dashboard digging. Connect once, ask anything.
🔗https://t.co/0SFjHcu41k
#Inkle#ChatGPT#Startup#Tax
International structure, foreign accounts, equity in an overseas entity? Under FATCA, every one of those moves has a reporting obligation to the IRS.
🔗https://t.co/t5vYYQNU5Q
#FATCA#StartupTax
Incorporated in Delaware but have a founder or employee in California?
California still expects Form 100 and $800 minimum franchise tax yearly, even if you made nothing.
🔗https://t.co/o0dL9wmCfK
#Founders#StartupTax#CaliforniaTax#DelawareStartup
Every founder tracks their expenses.👀
Until you ask where exactly. Then it's a Notes app, a few screenshots, and a strong sense of vibes.
It works right up until an investor asks for the actual numbers.
🔗https://t.co/tGghcT0KFn
#Founders#Bookkeeping#StartupFinance
Someone mentions 83(b) election. You nod along. Miss the 30-day window and the IRS taxes you on every dollar your equity grows into. By exit, that bill? Hundreds of thousands.
🔗https://t.co/1jnVnJ1KPH
#Founders#StartupTax
An IRS letter arrives the same week you're closing your funding round. Before you spiral: most notices are routine and take a calm, organized response to resolve. Here's what you need to know.
🔗https://t.co/lInWg5PCW3
#Founders#StartupTax
We gave the interns a camera and asked them to tour the new office.
They covered the essentials.
128 King St, SF. Two minutes from the water.
We're hiring → https://t.co/oPJ6QMvzRq
#SanFrancisco#Startup#Inkle
Most founders check their bank balance and think that tells them how the business is doing. It doesn't. Bank balance ≠ burn rate, liabilities, or profitability. If you don't know your burn rate off the top of your head, fix it. 🔗https://t.co/tGghcT0KFn #Founders#StartupFinance
Did you know the IRS automatically takes 24% of any lottery winnings above $5,000 before you even see the money?
You settle the rest at tax time. Taxes don't wait for anyone.
🔗https://t.co/IHdAOWO887
#TaxFacts#Founders#USStartup#Inkle
Your investor wants a P&L. Your accountant needs the balance sheet. Your co-founder wants cash flow. Export any financial report as PDF or Excel in one click, ready to share instantly.
🔗https://t.co/tGghcT0KFn
#Founders#StartupFinance