Navigating US Tax Nuances for Startups

Startups and entrepreneurs encounter significant challenges in navigating the intricate US tax system. Understanding federal and state tax requirements is vital for ensuring compliance and minimising financial risks. From determining the tax implications of different business structures to managing cross-border transactions and deductions, staying informed can empower founders to stay proactive in their approach to tax planning and compliance, as well as make better financial decisions.

Grant Thornton Bharat is organising a webinar to explore the key US tax nuances for startups. This session will cover essential topics such as the tax treatment of business expenses, state-specific requirements, and strategies for optimising financial positions while maintaining compliance.

Key Discussion Points

1. Understand different business structures (e.g, LLC, S Corp, C Corp)
2. Identify tax benefits and liabilities associated with each entity type
3. Leverage the Research and Development (R&D) tax credit
4. Explore other available tax credits and exemptions
5. Comply with key Federal and State tax requirements
6. Adopt best practices for managing Federal & State tax obligations.