Tax CPA working with individuals and businesses QSBS, Startups, Equity Comp. #100DaysofTaxes Distribution does not constitute tax, accounting, or other advice
Joined September 2021
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Since there have been so many questions about #CapitalLoss and #TaxLossHarvesting I've gone ahead and created a 2 pager with examples which will hopefully make things easier for everyone. This applies to stocks as well as Crypto.
drive.google.com/file/d/1eib…
@CNBC
These numbers are a fair bit off and also purely generalized off Carta data and not real data.
Today on generational wealth. Ramp's first 10 employees may well be sitting on $1B + in stock. Employee #1's initial stake alone could be worth over $300m
In 2019, Ramp was at $0.21 / share. Today it raised at $160 / share.
Startups typically give their first 10 hires ~5% of the company. @sama says it should be 10% minimum, and Ramp is the type of company to be on the generous side.
Especially given the talent density at the company. 1/3rd of its first 60 hires were ex-founders. By 2021, @tryramp had set aside ~1/4th of the company for employees. Most startups set aside closer to 15%.
If the first 10 got ~10% between them and never sold (via secondary / tender), their original grants alone would be worth over $1B now.
Hire #1, ~$340M
Hire #10, ~$41M
That's post-dilution (~80%). Share price still up ~760x from 2019. Not yet fully liquid ofc.
Once again, only from original grants (total could be higher)
We don’t know the true grant values, so these are estimates. Chart and assumptions below.
And it continues. #TaxTwitter
So this is what it feels like having nearly 8 hours of sleep… #TaxTwitter
Happy 10/16 to everyone who celebrates. #TaxTwitter
Also PSA to everyone. Don’t send the email today saying now that tax season is over … at least wait till Monday or Tuesday.
AI Question to the general public - Did you put your tax return personal or business to be reviewed by AI?
5%Yes - Free Version
31%Yes - Paid Version
65%No
62 votes • 20 hoursWhy its so slow sometimes for tax professionals to reply.
All of 2025 + the first 10.5 Months of 2026 and then Oct 14th...
Just what #TaxTwitter needs on 10/16
JUST IN: Japan holds competitive sleeping tournament, offering $15,000 to whoever can fall asleep fastest & sleep the deepest during a 90-minute contest.
At that part of Midnight Busy season where you just need some chocolate. #TaxTwitter
When Ai used to review contract didn’t have the correct context and now … you have a bad contract that is executed.
Looks like the tax deadlines are once again being moved #TaxTwitter @adammarkowitzEA loves when deadlines move.
Just what we need before a Tax Deadline. #TaxTwitter
The first line of anything that is written going forward should be required to have the following especially in emails.
"Written by AI, copy and paste didn't read after."
(written by human) #TaxTwitter
When a client sends you some last min bookkeeping transactions and it leads you down a path you never expected ... thehouseofhansen.com/
#TaxTwitter @cordes_tax
