voyona
Voyona began its relationship with Accelero team at the inception of our
Company in 2007. Neetika and her staff set up our entire company's
accounting structure from scratch. They proved to be knowledgeable,
responsible and dedicated insuring all our needs were met. Since then,
Accelero has been a true partner for our company. They handle our
day to day accounting needs, monthly financial statements and yearly tax
returns. They help make sense of what can be a very difficult but necessary
part of business, especially for an entrepreneur business owner. I would
highly recommend their services to any company."
Jaya Prakash Rao, President/ CEO Voyona, Inc. Sunnyvale CA
Senseiq
We have been using Accelero and have been very satisfied with services as they full seem to understand our needs and provide very professional approach. The team provides highly integrated effort and is always willing to answer the questions we might have even after the engagement is over. Neetika is very attentive and diligent to details and is always quick in following up. Jatin Maniar, CEO Sense IQ, Inc. San Jose CA
Stratosphere Solutions Inc.
Accelero has provided Stratosphere Solutions with thorough and timely financial service. We highly recommend them for their expertise and willingness to work with us on all our accounting needs. I am very pleased with the level of commitment and results that we"ve experienced." Jim Bordelon, President, Stratosphere Solutions Sunnyvale CA
Cramster Inc.
"Neetika is very personable. She takes those extra steps to ensure everyone is on the same page making an engagement smooth and cost-effective." Robert Angarita, CEO, Pasadena CA
Solix Technologies Inc.
We worked with Accelro for our Finance audit. Neetika's thorough knowledge in Finance Accounting, governance and compliance and her attention to details helped us keep the project on schedule and have guided us on various crucial and technical accounting areas. Sai Gundavelli, CEO, Santa Clara CA
Urpan Technologies Inc
Neetika and her team have been our accountants since 2007 and we are very glad with their services. Their ability to deal professionally and pleasantly with our vendors, customers and other business associates have provided us with a peace of mind and has also strengthened our relationship. The team is very responsive, always approachable and is eager to help us with any matter related to accounting and finance. I am impressed with their commitment and enthusiastic approach. As a CEO, I can now get lot of time to focus on business development as Accelero has taken complete ownership of our accounting division and are running it seamlessly.
Pad N Swami, CEO, Urpan Technologies, Inc. Sunnyvale CA
Neetika has a professional and dedicated team that delivers consistently under tough deadlines.
Mihir Chowdhary, Greenboox Inc. Cupertino CA
PwrLite Inc.
Neetika has handled our accounts including books and payroll from the first transaction and first employee and has done a great job from the start. She made it transparent to us as far as keeping the books in order was concerned. She was quite flexible in adapting to the random and bursty nature of transactions in a startup company. She also was extremely compliant with asynchronous requests for financials and payroll processing. She and her team exhibited professionalism in maintaining the confidentiality of information about her clients.
Overall, will strongly recommend doing business with her and keeping her as 'the accountant concern' for small and medium sized startup companies.
Sridhar Subramanian
President & CEO, PwrLite, Inc (acquired by a Tier-1 company)
Matisse Technologies
Neetika has great dedication and attention to customer service evidenced by her graciously re-arranging her schedule to come to take over a critical role at our company when our regular employee was on maternity leave. Thanks to Neetika we were able to keep up the service we provide to our internal customers as well and complete several projects including an audit which we would not have been able to do without her help.
Jerry Lovatt, VP Finance, Matisse Networks, Inc. Mt. View , California
News/Events for April 2010
May 2010
Issue: 1
Welcome to Accelero Corporation
Accelero proudly specializes into start ups accounting, finance, management strategic decision making and taxation areas. Our services range from basic bookeeping to complex decision making such as international transfer pricing, revenue recognition, Stock options acounting, IFRS analysis and more.
We also offer three different levels of packaged services for start ups Early stage, Expansion stage and Exit stage. Our customers are from various industries such as software, semiconductor, bio tech, finance and other areas with whom we have been partnering successfully.
The Health care reform bill was signed by the President on 23rd March 2010 bringing into effect, The Patient protection and Affordable Care Act. The new legislation will bring about sea of changes, especially affecting the small businesses employing less than 100 employees
The new reform, presently, does not require any employer to provide insurance to its employees. However beginning 2014, some businesses (employing 50 or more workers) would have to mandatory provide insurance coverage or else pay federal fines.
Benefits to small businesses are
° Immediate benefit : New Tax credit
° Future benefit 2014 onwards: Using Small Business Health Option Program (SHOP Exchange) for insurance premiums
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A. Tax credit for small business- who are not covered by mandates of providing insurance!
If an employer does provide or is providing insurance coverage to his employees, he can claim new tax credit for the premiums paid by him, upto 35 percent for year 2010 to 2013, increasing to 50% in 2014 for any two consecutive years.
The credit is specifically targeted at helping small businesses and tax-exempt organizations that primarily employ low and moderate income workers, one can claim the maximum credit if they employ fewer workers on low wages. So if you are providing or will be providing Health coverage to employees, ensure that you meet the additional requirement laid down by the IRS, they are-
The employer should cover at least 50 percent of the cost of health care coverage for the worker
Have less than 25 full-time equivalent employees(FTE) for the tax year and
Pay average annual wages below $50,000 per FTE
Further the tax credit, covers only insurance provided to the employees, owners and their close relatives are not counted for meeting eligibility requirements, and their health care expenses cannot be offset by the credit.
B. Setting up of SHOP Exchange
A key provision of the reform is setting up "small-business health options program" (SHOP exchange) in 2014. These Exchanges will be established by states, the small business and individuals would be able to purchase insurance from private insurer through these Exchange which would be "one stop shop" for researching, comparing and purchasing health insurance. SHOP exchanges provides these businesses with better negotiating power and lower their expenditure on premiums.
Timeline for Other Significant Changes:
2010 -Young adults would be able to stay on their parent's insurance until their 26th Birthday.
2011 - Medicare taxes increased from 1.45% to 2.35% for high earners
2013 - Increase of income threshold from 7.5% to 10% of AGI.
2014- Penalties on individuals and large companies for non coverage.
Changing the rules of the game -----Eventually insurers can no longer refuse to renew or sell policies because of individual's health status or pre-existing conditions and won't be able to charge high rates because of health, gender or other factors.
The Accounting Blog
TAX FIRMS REVIEW