The innovation economy created by startups and their collective ideas, vision and drive, creates a unique combination of tax issues not faced by most industries. There are tax considerations at all levels that can differ for goods, software and services and often there are two or more of these involved in a given transaction.
Tax rules and regulations lag behind the products and services brought to life through your creations. The cloud and technology efficiencies continually gained now facilitates the ability to expand or launch into a much broader geographic area, financially prohibitive not long ago, with the incremental cost decreasing almost constantly.
KCG's Tax Group provides our clients access to the following:
|Tax Support in Real-Time||We can work with your internal team or in concert with the Keating Consulting Group’s Accounting and Finance teams. KCG can provide an “in-house” tax team, a valuable function most non-public companies are not able to hire or develop internally. Our Tax Services Team has seen and addressed the transactions and issues your Company may experience only a few times many times over with myriad variations.|
|Tax Compliance||We can prepare Federal and State Income Tax Returns as well as the Tax Returns caused by the proliferation of “non-income” tax systems in many states. Examples are the Michigan Single Business Tax or the Ohio Commercial Activities Tax (CAT).|
|Tax Consulting||Working with you in real-time to address specific issues related to the day-to-day operations of your business.|
|Tax Planning||Developing tax strategies to lower your tax cost now, or in the future as the early year losses give way to profits.|
|Tax Support and Planning for Expansion||We support our clients as they expand. Organic and acquisitive expansion. Expanding to new states or new countries with or without a physical presence, utilizing third-parties or strategic partners.|
|Tax Integration||One of the most valuable benefits of the KCG approach results from a broad perspective approach winding Tax around and through all functions and/or teams, regardless of your business model. We can add tax into your financial modeling and forecasting and include tax in your strategic plan especially as it pertains to foreign jurisdictions and VAT.|
|International Tax Expertise||International taxation is often introduced very early in the life cycle. SaaS, PaaS or GaaS business models have specific and often complex rules at the Federal, State and International levels and across income tax, sales & use tax and the VAT systems at place in most foreign countries.|
While the majority of Keating's interim CFO clients are based in Bay Area and Silicon Valley communities - including Campbell, Cupertino, Emeryville, Foster City, Los Altos, Los Gatos, Menlo Park, Mountain View, Oakland, Palo Alto, Redwood City, San Francisco, San Jose, San Mateo, Santa Clara, and Sunnyvale - we also serve clients outside of the Valley. For several, we act as their Bay Area presence/office.