Kat Manalac

Tax Extension & Startup Tax Plan - Your startup taxes on autopilot

Need more time for the upcoming startup tax deadline?

Join 1,000+ founders and let us extend your tax deadline to October 15th & help you understand your taxes.

For just $1 you'll get:

β€’ πŸ“† Federal Tax Extension filed
β€’ πŸ“Š Personalized Startup Tax Plan

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David J. Phillips
Hi everyone πŸ‘‹ David here, former accountant & current CEO & founder of Fondo. Thank you for hunting us @katmanalac! Tax season can be a huge pain for founders. You are focused on getting customers and hitting your goals, and meanwhile you have corporate tax compliance requirements that you probably didn’t know existed. If you don’t file a tax extension or file your taxes on time: ❌ You cannot claim up to $500,000 in startup tax credits πŸ’° If you have a global subsidiary or shareholder you will face $10,000+ in tax penalties 🏦 Section 174, a new tax code enacted in 2022 that forces unprofitable startups to owe taxes, is in limbo and may get reversed (the tax bill that includes reversing Section 174 has passed the House, & now awaiting votes in the Senate). This could impact how much in tax credits you can get and how much in taxes you owe. By filing an extension you can wait to file until Section 174 is voted on, hopefully by October 15th. The existing options are time-consuming, complex, and fraught with potential errors (costing you up to $500k in missed tax credits or thousands in tax penalties). Hiring an accountant is expensive and requires time to manage. We are building Fondo to make this as easy as possible for you. With Fondo you get automation when you want it and white glove CPA support when you need it. We’d love to handle your extension and tax plan for $1. Here's the $1 deal: We file your Federal Tax Extension and provide a personalized Startup Tax Plan (including Section 174 impact), showing where and when you owe corporate taxes, and how much in tax credits you can get back -- all for just $1. Join 1,000+ founders and get started here: tryfondo.com/1
Antoni Kozelski
@katmanalac @davj For just $1, Fondo will simplify tax management for founders! Great solution! Congratulations on the release of Tax Extension & Startup Tax Plan - $1πŸš€
Aris Nakos
@katmanalac @davj Wow that's a crazy good pitch. So filed already for my S Corp via my accountant and she didn't mention a word of this πŸ€¦β€β™‚οΈ Can I reverse the filing? Do you work with S Corps ?
Dylan S. Phillips
@antonikozelski Thanks a lot, Antoni! Summed it up perfectly πŸ™Œ
Congrats on the launch @davj and Team Fondo. πŸŽ‰ I'm not in the US so I can't use Fondo, but you've done a great job in making an accounting solution that is fun, modern, and lively. You're applying Xero's playbook very well, and we all know how they turned out πŸ™‚
David J. Phillips
@jgani thanks so much Jonni! We’d love to support you whenever the time is right β€” when we launch in your country or when you open a US Corp :)
Dylan S. Phillips
@jgani Thanks, Jonni! Sounds like we're on the right track πŸ˜ƒπŸ‘
Mo Gharbat
Fondo is a great tool! it's the easiest way to do taxes for startups! We used it in OpenCopilot and will keep using it every time.
David J. Phillips
@ikbenbasha Thanks so much Mo, we love supporting you and the OpenCopilot team!
Dylan S. Phillips
@ikbenbasha Amazing, Mo - thank you! Reviews like this fuel our passion for building better 🦾
Basile Senesi
I was particularly impressed with how smooth onboarding was, especially given the heavy up front data requirements for setting up any accounting partner. How did you guys build that experience (in house? Something else?) big fan!
David J. Phillips
@basile_senesi1 thanks so much Basile! We have built it all in house πŸ™We love supporting you and Coteau Pavot πŸš€πŸš€πŸš€
Dylan S. Phillips
@basile_senesi1 Really appreciate the glowing review, Basile! Our team is so happy to hear this πŸ˜€
Pan Pan
Congrats on launching Fondo, David and the team! It's great to see such a user-friendly solution easing the tax season stress for founders. The mix of automation with CPA support is a game-changer. Keep up the fantastic work!
David J. Phillips
@shoppietra thanks so much Pan Pan β€” means a lot!
Drake Dukes
Fondo makes tax season super easy. Thanks for all the hard work team!
David J. Phillips
@drake_dukes thank you Drake! We love working with Launch Gravity! πŸš€πŸš€πŸš€
Dylan S. Phillips
@drake_dukes We love to hear this! Keeping it simple and making things easy is what Fondo is all about - thanks, Drake πŸš€
Nicolas Machado
Am a customer of this deal and have been with Fondo ever since!
David J. Phillips
@nicolas_machado thanks so much! We love supporting you and Lume!!
Matthew Busel
Congrats on the launch Team Fondo! What an awesome product. Highly recommend.
Dylan S. Phillips
@mbusel Thanks for the rec, Matthew - the Fondo team appreciates it!
Evie Wang
congrats on the launch! Love the $1 deal !!
David J. Phillips
@evie_wang1 thanks so much Evie!!
Ira M. Cassidy
In which countries your product works?
Roman Sevast
I've been using Fondo for over a year now, and I just have to say, it's been an absolutely amazing experience! The quality and usability are top-notch. I've genuinely enjoyed every bit of it and honestly can't recommend it enough to everyone. Huge shoutout to the team behind it for creating such a wonderful product. You guys rock!
David J. Phillips
@roman_sevastyanov thank you so much for the kind words Roman! The feeling is mutual we have absolutely loved supporting you and your team at @Awesomic! Your success is huge motivator for us to keep going!
Munawir
good
Carlo Badini
Love this! Well done team!!!
David J. Phillips
@carlobadini thank you Carlo!!
Arnav Bathla
We love Fondo! They're the best. Congrats David.
David J. Phillips
@arnavbathla thanks a lot Arnav! We love working with you and Layerup!
Rakesh Goyal
Fondo is awesome. Highly recommend it to anyone building a company in the US!
David J. Phillips
@rakeshgoyal thanks a lot! We love working with you and the Velt and Superflow team!
Dylan S. Phillips
@rakeshgoyal The Fondo team's response: you're awesome! Thanks for your support, Rakesh πŸ™Œ
mohammed Al-arnawoot
Congrats on the launch. Great team!
Steve McGarry
Love to see it! Congrats @davj and team on the launch!
David J. Phillips
@stvmcg thanks a lot Steve!
Dylan S. Phillips
@stvmcg We appreciate it, Steve! πŸš€
Wiz
Love Fondo! been with them for a year now (since YC). Worry-free product and team.
Dylan S. Phillips
@nadavwiz Big thanks from the Fondo team, Wiz - we've loved working with you!
Max Brodeur-Urbas
Absolutely need this, awesome launch
David J. Phillips
@mbrodeururbas thanks so much Max -- we are so thrilled to support you and AgentHub!
Bing Wu
Congrats on the launch Team Fondo! πŸŽ‰ Amazing product.
David J. Phillips
@bing_wu6 thanks so much Bing!!