by Mike Baker | Oct 7, 2024
You have three months left in 2024. There’s still time to save yourself some tax. Here are ten ideas: 1. Do you own or run a company that is a cash basis taxpayer? Consider paying all outstanding invoices by December 31, so you can take the deductions this year. Reach...
by Mike Baker | Jul 4, 2024
I’ve always thought FF stock was pretty creative. And with the secondary purchase plus “magical” exchange structure losing favor, perhaps it’s time to give FF stock another look. What is FF stock? Founders start a company. They grow it successfully for several years...
by Mike Baker | May 24, 2024
If you’re an entrepreneur you’ve no doubt heard from a buddy about qualified small business stock (“QSBS”). QSBS is stock in a C corporation that if held for more than five years can result in a 0% federal tax rate on a significant amount of gain. See here for more...
by Mike Baker | Mar 23, 2024
How do you pay zero federal tax on up to $10,000,000? Invest in a qualified small business. General speaking, a qualified small business is: A domestic C corporation; Which, at all times up to the time immediately following the issuance of your stock, had less than...
by Mike Baker | Mar 6, 2024
Let’s say it’s March 2024 and you have some stock options you would like to grant members of your team. You’ve heard that you can rely on a tax code Section 409A valuation for up to 12 months. You received a valuation of $0.30 per share effective as of December 31,...
