Simplify Your Startup’s Financial Management and Achieve Financial Peace of Mind
As a startup owner, managing your finances can be a daunting task. Spending hours on bookkeeping, tracking expenses, and preparing taxes can take valuable time and resources away from growing your business. Don't let financial complexities hold you back.
Our comprehensive packages are specifically designed to simplify financial management for startups. We take care of bookkeeping, tax preparation, and other financial tasks, so you can focus on what matters most – growing your business. With our support, you'll have more time, accurate financial reporting, and peace of mind.
We offer two comprehensive packages tailored to your startup's requirements.
At Cleer Tax, we offer an incredible range of services designed to meet your startup’s specific tax and financial needs.
Consultations are important to optimize your startup’s tax position and make sure from day one you are meeting all legal requirements and getting the right kinds of documents together for your company.
The consultation will be with a Junior to Mid-Level Tax Accountant who will assist with basic tax related queries and advise on documents needed for as simple tax return. With this package we assist you to get off to a perfect start.
The consultation will be with a Senior Level Tax Accountant, to assist on simple to more complex tax return queries, evaluating the company structure and identifying any tax compliance needs the company might have relating to Federal Taxes and State Income taxes. We will discuss tax optimization strategies to improve your cashflow and burn rate.
The service will include everything you need to get a good start on having your company financials be clean and ready for raising investment and annual tax filings.
We provide three months paid Xero account, email support from an accountant, once off bi-annual review of your financial statements with advice and how to categorize income, expenses and line items on your balance sheet.
Accelerator Package: In addition to everything included in the Incubator Package, we provide three months of full-service bookkeeping and financial support by an expert bookkeeper on our We Do It For You plan.
The Accelerator package includes two types of common startup election filings, as well as meeting other Federal requirements for new startups, such as the BE-13 report:
Is the type of business you wish to be taxed as. Being a C-Corporation, Partnership or a disregarded entity (domestic and foreign).
An 83(b) election is a decision made by the shareholders of the entity whereby the IRS allows vested stock/shares to be taxed at formation (purchase date) instead of when the actual shares/stock vests, that is, if the stock has any value to be taxed when the entity is formed.
The US Bureau of Economic Analysis (“BEA”) uses this form to collect data on the acquisition of US companies by foreign owners/investors. The form should be filed for new formations or if a US company expands its production line in the US.
People all over the world use Cleer Tax.
I have been working with them for years now. An exceptional team of professionals, the managers and business owners are experts in what they do. Sometimes I felt that they are slow but I realized that they always triple checked before giving their expert opinion, they even bring/consult core experts in many cases. Which perfectly suits the industry in which they work.
Cleer is highly systematized, and at the same time has top-caliber professionals at every essential point of contact. This means excellent service and an effective way of accessing relevant information. To my knowledge, no one else comes close. We consider ourselves lucky to be their clients.
I am a foreigner using Cleer Tax & Acct. services for the last year. My knowledge of US tax regulations is rather limited so I am highly dependent of clear guidance. The professionalism of the Clear team can only be compared to their swiftness and thoroughness. Thanks for your invaluable assistance in navigating in this territory that is unknown to me.
The Accelerator Package is a more comprehensive package that includes additional services such as an advanced one-on-one consultation, filing of necessary elections, and Estimated Tax Projections. The Incubator Package is designed for startups that are just starting out and need basic bookkeeping and tax support.
Yes, you can upgrade from the Incubator Package to the Accelerator Package at any time. We will pro-rate the difference in price and adjust your monthly subscription accordingly.
The Xero setup usually takes 2-3 business days to complete once we receive all the necessary information from you.
The initial one-on-one consultation will be conducted by one of our experienced advisors. We will schedule a time that works for you and provide you with a list of topics to choose from, including tax planning, fundraising, financial modelling, and exit planning. During the consultation, you will have the opportunity to ask questions and receive personalized advice tailored to your specific situation.
Yes, you can cancel your subscription at any time by providing us with written notice. Please note that we do not offer refunds for the current month, but your subscription will be cancelled at the end of the current billing cycle.
The Incubator Package is designed for startup businesses that need help with keeping financials up-to-date, efficient bookkeeping, and timely tax preparation.
Yes, the Incubator Package is suitable for all business types and sizes, including sole proprietors, partnerships, LLCs, and corporations.
The Incubator Package lasts for 12 months.
Yes, you can cancel the Incubator Package anytime. However, refunds are not available for services already used services
Xero Setup is a cloud-based accounting software that helps you keep track of your business finances. We offer a 3-month free bookkeeping service with the Xero Setup included in the Incubator Package as well as the Accelerator Package.
No, we do not provide tax filing services with the Incubator Package. However, we offer timely tax preparation services and can refer you to one of our in-house trusted tax professionals if needed.
You can submit questions in advance for the Group Consultation Package by email or through our online portal.
8832 election is the election made for the type of tax entity. Founder/s can choose between a corporation, partnership or disregarded entity.
The election allows for the taxes to be paid (if any) on the purchase of the stock/shares instead of the date when the shares actually vests. This means that potential taxes can be avoided when the shares/stock vest at a higher price in the future.
It is a requirement by the BEA to file any new US business acquisitions by foreign shareholders/investors or the expansion of productions in the US by foreign shareholders/investors. The form should be filed within 45 days of acquisition.
Yes, you can upgrade to the Accelerator Package at any time during your 12-month subscription to the Incubator Package.
On the Incubator Package you can have a saving of up to $1,200. For the Accelerator package, a total saving of up to $2,000.