Ops Rundown: Issue #027
Hello Operators ??
Anyone else starting to feel exhausted from the year-end back-office crunch? Keep reading, we've reserved something special to, you know, lighten your burden ??.
But before we get to that,
Here's what went down in the past few weeks ??:
The U.S. Department of Justice argued last Wednesday that Google should divest its Chrome browser to help break up the company’s illegal monopoly in online search, according to a filing with the U.S District Court of the District of Columbia.
Ultimately, it will be up to District Court judge Amit Mehta to decide what Google’s final punishment will be, a decision that could fundamentally change one of the world’s largest businesses and alter the structure of the internet as we know it. That phase of the trial is expected to kick off sometime in 2025.
Midway through 2024, Mike Packer, a partner at fintech-focused QED Investors, predicted we’d already hit the bottom for funding to Latin American fintech startups, and that a bounce back was coming. While momentum hasn’t been a straight shot up and to the right ever since, it’s looking like he was right.
Fund Managers can now use Carta to complete their CTA BOIR submissions to FinCEN with our CTA reporting tool. ?
What’s important about this change?
The Corporate Transparency Act (CTA) requires certain business entities to submit a beneficial ownership information report (BOIR) to FinCEN. Carta has made it easy to submit this report with their CTA reporting tool.
End-of-year chaos? Not on our watch!
Our EOY Back-Office Checklist has 50+ tasks to help you close the year smoothly—no stress, no missed steps.
Let’s make this year-end feel a little less year-end-y ??. Click here to grab the checklist now.
There’s no statewide sales tax in Alaska, but more than 100 local jurisdictions (cities and boroughs) levy a general local sales and use tax. More than 50 of those jurisdictions require remote sellers to collect and remit local sales taxes if they have economic nexus with the state. Through December 31, 2024, economic nexus is established by having $100,000 in gross sales or 200 individual transactions in Alaska annually. Effective January 1, 2025, the 200-transactions threshold is repealed.
Need a reminder on when sales tax is due in December? We’re here to help. Find your state (or states) below to see your December 2024 sales tax due date.
P.S.: Would you rather not have sales tax on your founder plate? Let levy handle it for you - Get in touch
As the year draws to a close, startup founders may deem it fit to assess their progress, tie up loose ends, and prepare for the challenges and opportunities of the coming year. It’s important to wrap up the year strategically to ensure sustained growth and avoid issues hindering your startup’s success.
This FREE end-of-year checklist focuses on three pillars: compliance, time management, and fundraising readiness. Get it here.
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