Automatically get $ back from the IRS— avg startup gets $21k

👋 Hi everyone,

David here, former accountant & CEO/Founder of Fondo.

Thank you to @mwseibel for hunting us! And thank you to Career Karma, Tydo, PostHog, Explo, and Bottomless for being our first 5 customers for this new product :)

💰 Automatically get cash back from the IRS (the average startup gets $21,000)

Last week, President Biden signed the Inflation Reduction Act into law — which includes doubling the R&D Credit available per startup to up to $500k per year (up to $250k through 12/31/22). This is great news for startups. Today, we are publicly launching Fondo tax credits to help startups get cash back from the IRS. We’d love to help you get the maximum money back!

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Does my startup qualify?

Most likely, yes! Startups with less than $5M in gross receipts will generally qualify. Startups from almost every industry have claimed R&D tax credits. If you have employees or contractors in the US who spend time developing new or improved products, processes, software, or algorithms, then you likely qualify for the R&D tax credit. See if your startup qualifies →

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How much does my startup qualify for?

The amount of money you can get back is based on your company's R&D expenses (founder/employee/contractor payroll) and can be up to $500k per year (up to $250k through 12/31/22). See how much you can get back with our Tax Credit Calculator →

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How do I claim the credit?

Fondo handles all of this for you — the credit is claimed by completing an R&D Credit study, filing additional forms with your corporate tax returns, and updating your payroll system. Get started here →

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⚠️ Upcoming Deadline

The deadline to claim this credit for 2021 is 10/17/22 (if you filed an extension), otherwise you can claim the credit for 2022.

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🤝 PH DEAL: 25% OFF Tax Credits

The first 10 founders who comment "Interested!" below and sign up by 8/30/22 can use this deal. You only pay Fondo if we can help you get money back. Typically, our fees will not exceed 20% of the amount we can help you get back. This deal will cap the amount you pay Fondo at 15%.

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What do you get?

The benefits of claiming your tax credits with Fondo is that we can handle everything you need to get it done -- end-to-end. Often times founders are stuck working with accountants who don't know about these credits or with a company who will only provide the R&D study and then you still need to find someone else to (1) file your tax returns with the attached R&D credit forms, (2) update your payroll system, and (3) do your bookkeeping.

✅ Cash back from the IRS (Fondo will complete the R&D Credit Study, prepare Tax Credit Forms, and make required updates to your payroll system)

☑️ Optional Add-on: TaxPass - Delaware + Federal/State Corporate Income Taxes Filed (timely filings that you need to claim the credit)

☑️ Optional Add-on: Bookkeeping (get financial statements that you need to file your tax returns)

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We’d love to support you :)

Thank you!