Expert tax planning, R&D credits, and financial services for venture-backed startups in Manhattan, Brooklyn, and the NYC metro area. Navigate New York's complex multi-layer tax system with confidence.
New York has one of the most complex tax environments in the country—federal, state, city, and unincorporated business taxes all apply. We specialize in helping NYC tech startups navigate this maze while maximizing tax savings.
Maximize federal (20%) plus NY State (9% refundable) R&D credits. NYC fintech and SaaS startups average $200K+ in annual credits. Unlike California, NY credits are fully refundable for qualified companies.
Navigate NYC's unique 4% Unincorporated Business Tax (UBT) for LLCs and partnerships. We help structure your entity and operations to minimize UBT exposure legally.
Many NYC startups have employees across NJ, CT, and beyond. We handle complex tri-state area payroll taxes, nexus issues, and apportionment for multi-state operations.
NYC has become a major VC hub. We provide investor-ready financials, cap table management, and CFO services that meet the expectations of top NYC and national VCs.
Like SF, most NYC startups incorporate in Delaware. We expertly manage dual-state compliance, franchise taxes, and ensure you're properly registered in both states.
NY state recognizes QSBS, allowing up to $10M in tax-free gains on exit. We provide 409A valuations and ensure your equity structure qualifies for maximum tax benefits.
NYC startups face federal taxes, NY State taxes (6.5% corporate, 10.9% personal), and NYC-specific taxes including UBT and commercial rent tax. It's overwhelming without expert guidance.
Our Solution:
Employees living in NJ or CT while working in NYC create complex withholding, reciprocity, and "convenience of employer" tax issues. NY's rules are particularly aggressive.
Our Solution:
NYC salaries are 20-40% higher than other markets to offset cost of living. This increases your qualified R&D expenses but also payroll tax burden—optimization is crucial.
Our Solution:
NYC is a fintech hub. Financial services startups face additional regulatory requirements, BitLicense obligations, and industry-specific tax considerations.
Our Solution:
From Flatiron District co-working spaces to Brooklyn's Tech Triangle, we serve innovative startups throughout New York City and the metro area.
Flatiron District
SoHo
Chelsea
Financial District
Brooklyn Tech Triangle
Long Island City
Brooklyn
DUMBO, Williamsburg, Brooklyn Heights, Park Slope
Queens
Long Island City, Astoria, Flushing
New Jersey
Jersey City, Hoboken, Newark
Westchester
White Plains, Yonkers, New Rochelle
The Challenge:
A 15-person fintech startup in the Flatiron District was overwhelmed by NY/NJ/CT multi-state taxes, missed R&D credit opportunities, and faced potential UBT penalties. Their prior accountant didn't understand startup or fintech-specific issues.
Our Solution:
Results:
"SpryTax understands both fintech and NYC tax complexity. They saved us more than we thought possible and gave us confidence for our Series B." - Co-Founder & CEO
Join 150+ New York City startups saving an average of $200K+ annually on taxes and compliance. Get a free consultation to discover your savings potential.
The UBT is a 4% tax on unincorporated businesses (LLCs, partnerships) operating in NYC. However, there's a $95,000 exemption, and certain activities may be exempt. C-Corporations don't pay UBT but pay corporate income tax instead. We help determine your optimal structure.
NY offers a 9% refundable credit vs California's 15% non-refundable credit. The big advantage: NY credits are refundable, meaning you get cash back even if you have no tax liability. This is huge for pre-revenue or low-profit startups.
NY taxes income earned by remote workers who live outside NY but work for NY employers. If an employee works from home in NJ for "convenience" rather than necessity, NY claims the right to tax that income. This creates double taxation and complex compliance issues we help navigate.
Yes! Unlike California, New York recognizes QSBS (Qualified Small Business Stock) and offers the same federal exclusion of up to $10M in capital gains on exit. This makes proper QSBS planning even more valuable for NY-based startups.
Yes, if you have a physical presence, employees, or conduct substantial business in NY, you must register as a foreign corporation with the NY Department of State. You'll then file both Delaware franchise tax and NY corporate tax returns annually.