Tax and Accounting Essentials for Startups with John Pennett

From Lab to Patient, Garage to Market with Philip Crowley, Episode 4

In this episode of From Lab to Patient, Garage to Market, Philip Crowley speaks with John Pennett, Partner at Eisner Advisory Group LLC, an alternative practice structure that provides business advisory and non-attest services in accordance with all applicable laws, regulations, standards and codes of conduct. John leads the National Technology and Life Sciences Group, bringing over 35 years of experience in public accounting focused on life science and technology companies.

Tune in to the episode to hear about:

* Growth and Transformation of EisnerAmper: John Pennett discusses EisnerAmper's significant growth, including private equity investment and 17 acquisitions, expanding to over 4,500 employees and 30 offices.

* Key Issues for Startups: John highlights critical startup considerations like entity selection, ownership allocation, and financial planning for investor credibility.

* Tax Planning and Benefits: He emphasizes the importance of tax planning for startups, including benefits like Qualified Small Business Stock (QSBS) and Section 83B elections.

* R&D Tax Credits: John highlights federal and state R&D tax credits that can offset research costs and support payroll expenses for startups.

* Challenges for Foreign Companies in the U.S.: He discusses the complexities for foreign companies entering the U.S. market, including tax jurisdictions, entity choice, and regulatory compliance.

Learn more about John Pennett:

 * Connect with John on Linkedin: linkedin.com/in/john-pennett-ab429511

 * Read John’s bio on Eisner Amper‘s website: https://www.eisneramper.com/about-us/professional-directory/john-pennett

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About From Lab to Patient, Garage to Market:

Your host Philip P. Crowley Esq. is the founder and Managing Partner at Crowley Law LLC, a boutique corporate law firm focused on helping emerging tech and life sciences startups launch and reach their full potential. In each episode of From Lab to Patient, Garage to Market, Philip invites professionals serving the tech startup market to discuss various issues of importance in the industry and their part in it.

Watch more episodes of From Lab to Patient, Garage to Market:

- Website: https://www.crowleylawllc.com

- YouTube: https://www.youtube.com/@CROWLEYLAWLLC-hv8v

Connect and learn more from your host, Phil Crowley:

- Connect with Phil on LinkedIn: https://www.linkedin.com/in/philcrowleynjny

- Visit Crowley Law’s website: https://crowleylawllc.com

- Follow Crowley Law LLC on LinkedIn: Crowley Law LLC | LinkedIn

- Follow Crowley Law LLC on Facebook: https://www.facebook.com/CrowleyLaw