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Clarity

Chad Shultz

1450 Flagler Ave, Suite 2, Jacksonville, Florida 32207

StartupsCPA.com was founded by Chad Shultz, a Florida Certified Public Accountant and a Certified QuickBooks ProAdvisor. Chad has been working with small business owners for 20 years. Chad started StartupsCPA to offer StartUps a better way of processing the day to day accounting. This accounting platform will allow small business owners more time to concentrate on their core business. That's StartupsCPA, your cloud based accounting office. Call us at 904-400-1238 or email. We would love to talk with you.

$8.33/min

35 Calls

16 Reviews

16 minutes
Avg. call

Quickbooks Accounting Auditing Financial Reporting CPA Corporate Tax Income Tax Tax Tax Preparation

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Startup Accounting

Start-Up Accounting was founded by Chad Shultz, a Florida Certified Public Accountant and a Certified QuickBooks ProAdvisor. Chad has been working with small business owners and sole proprietors for over 15 years. Chad started Start-Up Accounting to offer business owners a better way of processing the day to day accounting data. This accounting platform will allow small business owners more time to concentrate on their core business. That's Start-Up Accounting, your cloud based accounting office. Call us at 904-400-1238 or email. We would love to talk with you.

Answers 3
Reviews 16

Answers

Chad Shultz answered

Can my S-Corporation receive a 1099 on my behalf?

The income should be reported by the individual or business that provided the service and earned the income. If the 1099 is in your name, you could ask the issuing Company to change to the S-Corp if that is who earned the income. In the future, have a written agreement between your S-Corp and the Company you are providing service. Also, provide them with a Form W9, so they know where to report the 1099 income at year end.

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Income Tax

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Tax Law

Chad Shultz answered

I am looking to set up an LLC outside of my state of residence. Does it matter what state I set up the related business bank accounts in?

Doesnt matter for Federal Income Taxes, Only State Income Taxes. You will have to report the income in the State where you generate the income and reside. So report the income in California. But, If you do conduct business in Montana then you would have to complete a Non-Resident Tax Return.

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Income Tax

Corporate Tax

Tax Law

Chad Shultz answered

What is the difference between paying with personal funds versus business funds when it comes to investing in my business?

Personal Funds are loans to the Company or Equity Contributions. This does not change your net income or what is taxable to you as the owner. If the Business nets $100, then you pay tax on $100. You can chose to pay yourself back with the $100 or not.

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Reviews

Chad was a great help, solid advice and was easy to understand. Thanks!

Jason Tax Source: Clarity

Answered my questions and gave me the insight I needed.

Peter Zummo Source: Clarity

Straight to the point and very helpful. Would definitely recommend.

Source: Clarity

Chad gave excellent and clear advice and guidance on multiple questions that I had, I will definitely turn to him when I have questions in future.

Duane Milne Source: Clarity

Thanks chad for the great answers to my questions. Chad answered my list of questions i had and gave me better options then i had before our talk. Will call again, thanks

Jonathan Marshall Source: Clarity

Super helpful! Would definitely recommend Chad - I walked away with all of my questions answered - thank you!

Matt Crystal Source: Clarity

Very knowledgeable and efficient call!

Erik Silver Source: Clarity

Chad was very helpful and provided great all around advice. Recommend talking to him if you're a growing business or startup. He'll tell you what you actually need and what you can ignore safely.

Joe Robison Source: Clarity

Chad dove right into practical advice for my company's specific needs and situation. His experience allowed the call to be extremely efficient and provide me with the exact information I needed.

Nick Eubanks Source: Clarity

Had a great follow up call with Chad who again provided great insight and knowledge. I would recommend him to anyone seeking a CPA and would call again for advice.

Ash Aghassi Source: Clarity

I had a phenomenal call with Chad, who expertly advised me on all of my questions and concerns. My 30 minute phone call with him left me with a clear understanding of what I need to do and the best way to do so. Chad removed a lot of the intimidation I had in starting a new business and will definitely be a go-to resource in the future.

Ash Aghassi Source: Clarity

Member since May 2014