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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

Important Tax Related Questions

Q6. Which is the best entity for me from tax perspective?

The IRS recognizes three tax entities namely, Sole proprietorship, Partnerships & Corporations (Including S Corporation). Prima facie, C Corporation does suffer from double taxation, i.e. it is taxed both at entity as well as personal level. The entity (corporation) is taxed at a special tax rate and the recipient of dividend, salary or bonuses (from the Corporation) is also required to include these payments in his personal income tax return. But at the same time Corporation enjoys a lower tax rate than the highest individual rate, for profits under $75,000, therefore a C corp. may prove to be more tax efficient than other flow through entities.

Sole proprietorship, Partnership & S corp. are “pass through/ flow through” there is no special/ additional entity tax rate. Their profits (losses) are transferred to their owners in their personal tax returns. However the entire profit is charged to tax whether it is retained in the business or distributed to owners and so is subject to Self employment tax. A S corp. may be able to avoid/ lower its Medicare & social security tax by paying more dividend and less salary, where dividends will be taxed at dividend rate as opposed to normal rate. However IRS now requires a reasonable salary to be paid before the dividend payout

Q7. How is LLC taxed? Is it different from a C Corporation?

A LLC classification is not recognized by the IRS and a LLC must file it’s tax return either as a Sole proprietor, Partnership or corporation. A LLC with at least 2 members can choose to be classified as a corporation or a partnership, and that with a single member can choose to be classified as either as a Corporation or “disregarded entity.” A LLC can file Form 8832 to elect the classification.

Q8. What are start up costs? Are they deductible?

Generally speaking the costs of getting the business started are Start-up costs. They are amounts paid or incurred for creating an active trade or business; or investigating the creation or acquisition of an active trade or business, such as survey of potential markets, advertisement for opening new business, costs for securing prospective clients and so on. Start-up costs are Capital expenses and like all other capital expenses, are to be amortized. However you can take an upfront deduction of $ 5000 in the year you commence business.(Note that the $5,000 deduction is reduced by the amount your total start-up or organizational costs exceed $50,000). The remaining start up costs can be amortized over a period of 180 months, beginning the year the business commences

Q9. What is Work opportunity Tax credit?

WOTC is a federal tax credit incentive offered to private for-profit organizations, encouraging them to hire employees from eleven specific target groups of job seekers. The amount of tax credit offsets the federal tax liability and it varies with the target group. Your state employment security agency should certify the employee as a member for target group on/ before he begins work with you and you should have that certificate before you claim the credit.

Q10. I employ less than 20 workers what are health care implications for me?

If you employ less than 20 workers, you needn’t compulsorily provide health care to your employees but if you do, you may qualify for tax credit of upto 35%, if you meet additional IRS requirement.

Important Tax Related Questions

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