Cameron Keng – Taxes for SaaS – MicroConf 2013

The MicroConf Hub Page with links to all the notes for all the talks can be found here.

Speaker: Cameron Keng (@cameronkeng)

• When you loose money, claim your tax refund
  • I lost $20,000
  • asked for tax refund
  • got $10,000 refunded
  • re-invested money into the next business idea
• Failure should not stop you, keep soldiering on
• “And then I said: Pay taxes? What am I…. poor?”
• Online sales tax is coming – 27 states currently require you to pay them Amazon style

Incorporations

• You should never incorporate, except:
  • Is there liability?
  • Is there profit?
  • Is there investment?
• pass-through vs. corps
  • Generally, corps suck
  • Pass-throughs are cool
• tax credits & deductions
  • R&D tax credits (this is great, because we are all developing software – right?)
  • Domestic production activities deduction

-Christoph