"Tech Finance" with Sasha Orloff: B2B Fintech | AI | Finance Tech E56: 5,000 Startups Later: Tax Lessons Every Founder Needs with Joe Faris
Sep 17, 2025
Joe Faris, founder of Accountalent and a veteran in helping over 5,000 startups, shares invaluable insights from his 40 years of experience. He discusses essential tax strategies, emphasizing the importance of 83B elections and timely compliance to avoid costly mistakes. Joe also highlights payroll challenges startups face when hiring across state lines and shares tips on maintaining robust bookkeeping practices. His expert advice empowers founders to navigate the complex world of taxes and finance with confidence.
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From Accidental Accountant To Startup Niche
- Joe accidentally chose accounting in college because it was first on the list and that launched his career.
- He later built Accountalent after doing part-time CFO work to mitigate job risk in startups.
Penny IPO Roadtrips To New York
- Joe went to New York to pitch small IPOs and tailored decks for different underwriters.
- He enjoyed meeting colorful underwriters like Morty Davis from D.H. Blair during those penny-IPO efforts.
Fix Payroll Registrations Immediately
- Do set up payroll registrations in every state where you hire or risk payroll blocks and fines.
- Use a payroll specialist or service like Joe's 'payroll medic' to fix compliance before providers stop payroll.