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2017 St. Louis Startup Community Survey Report
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should be employed. In addition, managing
cash receipts and disbursements can
reduce surprise expenditures such as
tax liabilities. Cash basis is the preferred
method on which startups base their tax
reporting because it is simpler to administer
and taxes are only due on money received
and spent, which can be easily managed
with careful planning.
5. Be aware of the surrounding business
climate, take advantage of its resources
and understand that there will be volatility.
Recent data from the Kauffmann
Foundation about startup communities
across the country provided some good
news for St. Louis. In the last three years,
the percentage of startup companies in
business for five years has grown. Business
Insider also named St. Louis the fastest-
growing startup scene.
Despite the growth in the local community,
according to Pitchbook, the number of
startups funded at the angel investor and
seed stage levels nationwide has dropped
for six straight quarters. Locally, some
angel groups are still seeing good deal flow
but are focusing on quality over quantity.
As existing companies get to a point when
an exit is imminent, capital could become
freed up again and cause an uptick in new
startup investments.
As seen in
EQ Magazine
online edition
Cathy Goldsticker
CPA, MST
Partner,
Startup Industry Group Leader
Brown Smith Wallace
314.983.1274
[email protected]
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