Long Island City Startup Bookkeeping & CFO Services

# Long Island City Startup Bookkeeping & CFO Services LIC has quietly become NYC''s second-largest tech and creative-startup hub. Between the Court Square towers, the Hunters Point waterfront, and Industry City–style converted warehouses, hundreds of seed and Series-A companies are scaling from LIC. We''re built for them. ## What LIC startups actually need from a bookkeeper 1. **Investor-grade monthly close by the 10th**. 2. **Mercury, Brex, Ramp, and Stripe reconciliation** done natively. 3. **Cap-table-aware accounting** — SAFE notes, convertible notes, preferred equity rounds booked correctly. 4. **R&D Tax Credit (Form 6765)** — most pre-revenue startups can use it to offset payroll tax up to **$500,000/year**. 5. **Delaware C-corp compliance** — DE franchise tax (March 1), federal 1120, NY foreign-qualification CT-3 at 6.5%. 6. **CFO advisory** — runway models, hiring plans, board decks. ## R&D Tax Credit — the big one If you''re a Delaware C-corp under 5 years old with under $5M in revenue, you can elect to use **up to $500K of the federal R&D credit against employer payroll tax (FICA)** — even if you have no income tax liability. Eligible spend includes: - Engineering salaries - Contractor R&D (with limits) - Cloud compute (AWS, GCP, Vercel) for development - Software development for a new product We compute the credit, file **Form 6765 with your 1120**, and elect the payroll-tax offset on **Form 8974**. ## Multi-state nexus Your engineers might be remote in Austin, Toronto, and Tel Aviv. We track: - **Sales-tax economic nexus** by state (most states: $100K or 200 transactions). - **Income-tax nexus** for hiring W-2 employees in new states. - **NJ / CA / TX foreign qualification** when you cross thresholds. ## SAFE and convertible note bookkeeping SAFEs are technically equity (not debt) under US GAAP — but the IRS often treats them as something else. We book them in the right account so your next-round due diligence is clean and your auditor doesn''t make you restate. ## What our LIC startup package includes - Monthly close by the 10th, in QuickBooks Online or Xero. - Mercury/Brex/Ramp/Stripe reconciliation. - Payroll via Gusto, Rippling, or Justworks (multi-state). - Quarterly board financials with burn, runway, and CAC/LTV. - R&D credit study and Form 6765 filing annually. - Delaware franchise tax + federal 1120 + NY CT-3 prep. - Fractional CFO add-on (forecasting, fundraising support). ## Pricing Pre-seed (under $50K/mo spend): **$495/month**. Seed ($50K–$250K/mo spend): **$895/month**. Series A: **$1,495–$2,500/month**. R&D credit study: **$2,500–$5,000** flat (only if you actually qualify and benefit). [Talk to a startup CFO in LIC →](/contact)