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New R&D Tax Law: Impact on Software Startups

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Manage episode 418414562 series 2564699
Content provided by Nichole Stohler and Mike Stohler. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nichole Stohler and Mike Stohler or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome back to another episode of The Richer Geek Podcast! Today, we are joined by Paul Bianco, founder and CEO of Graphite, to discuss a recent change in tax regulations that could significantly impact software companies, especially those with a large engineering team. We'll explore the details of the new law, its potential consequences, and some potential strategies to mitigate the tax burden. We also explore the broader challenges faced by entrepreneurs in today's economic climate. Paul Bianco, formerly a Director at ff Venture Capital, brings his expertise to shed light on how this new regulation might impact your startup.

In this episode, we’re discussing…

  • Complexity of tax laws for startups

  • Importance of strong accounting team

  • New Regulation: Companies must amortize R&D employee salaries over 5 years (US) or 15 years (offshore).

  • Impact: This increases taxable income for software companies with high engineering costs.

  • Potential Mitigation: Consultation with tax accountants and R&D tax credits

  • Bonus Tip: Follow your gut instinct and prioritize attention to detail

Resources from Paul:

Email | Graphite | LinkedIn

Resources from Mike and Nichole:

Gateway Private Equity Group | REI Words | Nic's guide

  continue reading

153 episodes

Artwork
iconShare
 
Manage episode 418414562 series 2564699
Content provided by Nichole Stohler and Mike Stohler. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nichole Stohler and Mike Stohler or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Welcome back to another episode of The Richer Geek Podcast! Today, we are joined by Paul Bianco, founder and CEO of Graphite, to discuss a recent change in tax regulations that could significantly impact software companies, especially those with a large engineering team. We'll explore the details of the new law, its potential consequences, and some potential strategies to mitigate the tax burden. We also explore the broader challenges faced by entrepreneurs in today's economic climate. Paul Bianco, formerly a Director at ff Venture Capital, brings his expertise to shed light on how this new regulation might impact your startup.

In this episode, we’re discussing…

  • Complexity of tax laws for startups

  • Importance of strong accounting team

  • New Regulation: Companies must amortize R&D employee salaries over 5 years (US) or 15 years (offshore).

  • Impact: This increases taxable income for software companies with high engineering costs.

  • Potential Mitigation: Consultation with tax accountants and R&D tax credits

  • Bonus Tip: Follow your gut instinct and prioritize attention to detail

Resources from Paul:

Email | Graphite | LinkedIn

Resources from Mike and Nichole:

Gateway Private Equity Group | REI Words | Nic's guide

  continue reading

153 episodes

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