This Week in Startups End of year startup accounting checklist | Finance Basics with Kruze Consulting’s Scott Orn | E1334
Nov 29, 2021
Scott Orn, COO of Kruze Consulting, offers essential year-end guidance for startup founders. He outlines seven critical tasks, focusing on compliance and tax deadlines. The conversation also touches on leveraging tax incentives specifically beneficial for VC-backed startups. Moreover, they delve into the importance of financial planning and the potential pitfalls of neglecting tax obligations. Listeners gain valuable insights into managing their financial strategies as the year winds down.
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International Hiring
- When expanding internationally, use a subsidiary or an international PEO.
- International PEOs employ your workers directly, simplifying compliance.
PEO Benefits
- PEOs offer better benefit packages due to their ability to pool employees and negotiate.
- Pre-COVID, this value was often offset by fees, diminishing the perceived benefit.
PEO Adoption
- COVID and remote work forced companies to have employees in multiple states, complicating tax compliance.
- PEOs manage this compliance, leading to increased adoption, doubling market share among Kruze clients.