Ernest L. Tomkiewicz CPA PLLC
A Crowdfunding CPA and Accountant for Your Financial Statement Review Needs
Your search for a accounting for crowdfunding is over. My company has dedicated itself to helping you get a financial statement review quickly and affordably.
No matter the platform, (StartEngine, Crowdfunder, SeedInvest, etc.) we are your Crowdfund CPA. Our knowledge of reviewed and audited financial statements is vast. We help a variety of industries from e-commerce to application platforms.
Whether you are doing a Regulation A+ (JOBS Act Title IV), or a Regulation CF (JOBS Act Title III), we make it easy for you. Read on to learn about our company, accounting for crowdfunding, the financial statement review process, and a list of Q & A’s.
A Crowdfunding CPA and Accountant: National Reach with a Local Touch
Our accounting for crowdfunding services are tailored to your needs. When you’re crowdfunding for a business, you need to track all sources. This can get complicated quickly if you don’t have a CPA who’s dedicated to making things easier for you.
Different types of crowdfunding for business may also have different tax obligations. Audited financial statements make it easier for external parties to do their due diligence. This is important if you want to seek further financing or conduct business.
Whether you are in California, Florida, Alaska or New England, we’ll feel like neighbors working together.
Below are some common questions and answers about accounting for crowdfunding and audited financial statements. For an in-depth analysis of reviews for a crowdfunding campaign, visit this Ultimate Guide to Crowdfunding Financial Statement Review.
What is Equity Crowdfunding?
Equity crowdfunding uses a design similar to reward-based funding. Instead of receiving perks and rewards, you receive a stake in the company. This method of crowdfunding for business can be via SAFEs, a percentage ownership or stock. You also have a right to future revenue in the organization.
Equity funding allows startups and other businesses to raise capital via established platforms. These online marketplaces allow investors to peruse a variety of businesses and determine the best investment for them. Once a business is found, the investor provides money, (usually a minimum investment), and receives ownership, (via stock, a SAFE or other mechanism).
What is Affinity Crowdfunding?
The affinity crowdfunding model relies on providing gifts, rewards and other perks when an individual “invests” in a business. Platforms like Kickstarter and IndieGoGo are prime examples of affinity-based crowdfunding for business. This is an alternative to equity, or ownership, based models. Most perks are items such as movie tickets, product samples, or even high end watches for the right price.
A wide variety of company types have been successful with this model because it relies on social engineering to achieve its results. Once an affinity campaign starts, founders begin wide social media campaigns to spread the word. Often, they will find an influential person or group to push their business model. The ability to become the “popular kid” can make or break an affinity crowdfund for a business.
What is a SAFE?
SAFEs are generally a company friendly and easy way for a business to acquire interment cash inflow. A SAFE is a simple form that can be set up quickly by the company or their legal counsel. As well there are fewer variables to negotiate. This ease in setup is a key feature of SAFEs.
Also, a SAFE by Y-combinator is in a standard form and format. This leads to lower cost in setting up the plan. With most of the agreement fill-in-the blank, you can save time and money related to legal costs. Terms of a SAFE are easily determined and you can set up more in the future as your company grows and extra cash flow is required.
Why Choose Us for CPA Services?
The following three ideals make up ELT CPA’s company mission and they are how we stay ahead of the competition. Our mission as a CPA firm is “Putting YOUR needs first”.
Specialized Expertise: Our team comprises seasoned professionals with specialized expertise in financial statement reviews. We stay abreast of the latest laws, regulations, and industry trends to ensure that your business receives the most accurate and up-to-date advice.
We recognize that each company is unique, with its own set of challenges and opportunities. Our approach is to work closely with you to understand your business structure, financial goals, and industry dynamics. This enables us to craft customized tax strategies that align with your corporate objectives.
From planning and compliance to strategic services, our solutions offer a full suite of financial statement services. Whether you’re a startup or an established enterprise, our services are designed to scale with your business.
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Education & Licensure
MS in Accounting, Saint Joseph’s College of Maine
CPA Licensure in New Hampshire and Massachusetts, and able to service client around the United States due to CPA reciprocity
Massachusetts Board of Public Accountancy
New Hampshire Certified Public Accountants
All our services are offered in-person or remotely to meet your unique needs and preferences
We handle the intricate process of C Corporation tax return preparation. Our meticulous approach ensures accuracy and adherence to all regulatory requirements, giving you peace of mind and avoiding potential penalties.
Dealing with the IRS can be daunting. We offer audit protection through Protection Plus Audit Defense. Their team will represent your partnership in all dealings with tax authorities, helping you navigate audits and inquiries with confidence.