This year, the business heroes are…accountants! Move over Superwoman and Batman for the CPAs sweeping in to make sense of deadlines, acronyms, and forms to save companies from imperial doom (i.e. the IRS). Businesses need these accounting heros more than ever to help navigate one of the most confusing tax years on record.

On this week’s special episode of The Startup Stack, founder and CEO Justin McLoughlin of airCFO decodes what you need to know about filing 2020 taxes. Also making his debut this week is Rocketplace co-founder Ben Hutchenson (full time COO and unofficial bookkeeper).

All of the tax questions submitted by you, our readers and listeners are answered so get your calculators and spreadsheets ready!

Highlights include: 

– Deadlines, deadlines, deadlines — what are the important filing dates?

– PPP versus EIDL loans? Who qualifies and who doesn’t?

– What are the commonly overlooked deductions and new tax rules that early stage companies should be taking advantage of?

– How to claim R&D tax credits.

– The best software solutions for startups.

– Can companies file extensions after closing their 2020 books? Hint: the answer is yes, but there’s a caveat.

More on today’s episode, including a full transcript @ https://rocketplace.com/blog/podcast-episode-22-accounting-justin-mcloughlin/.

[Guest / Host bios] 

Guest: Justin McLoughlin is Founder & CEO of airCFO, a cloud based accounting, tax and finance firm that serves as a fractional and remote team for startups. Justin is a midwesterner who fell in love with the tech startup scene and turned entrepreneur when he realized nobody wants to do payroll. 

Host: Louis Beryl is the founder and CEO of Rocketplace. A 3x founder, investor, and board member, Louis began his tech career as a partner at Andreessen Horowitz. When he’s not building businesses (or talking about them!) Louis enjoys cooking for his family and talking at length about it to anyone who will listen. 

https://rocketplace.com/podcast