Cadence OneFive finds peace of mind with Graphite’s Startup Tax Services
Industry
SaaS
Founded
2021
Services
Tax Compliance & Strategy
“I really couldn’t have asked for a better tax partner than Graphite. They always provide in depth answers to our many questions. I feel truly satisfied with the relationship and our tax compliance.”
Erika Parkins
Strategic Growth – Cadence OneFive
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Cadence OneFive (C15)Background
Cadence OneFive (C15) is an early-stage climate tech startup based in New York. As a young company, they needed support with various financial operations tasks.
The Challenge
C15 faced several challenges before partnering with Graphite Financial:
- Poor communication with their previous tax firm, leaving them uncertain about their tax standing and opportunities
- Lack of fluency from their former firm in tax law and opportunities for early-stage startups
- Steep learning curve for the C15 team in understanding complex tax matters
“Those were really big challenges, communication being number one,” explains Erika.
How Graphite Financial Helped
C15 chose Graphite for their tax filing and R&D tax credit services. Key benefits include:
- Top-notch communication throughout the engagement, from contracting to tax preparation
- Clear explanations of tax law, opportunities, and changes, empowering C15 to make informed decisions with confidence
- Responsive service and fast turnaround times
- Deep understanding of the tax code and ability to identify opportunities for startups
- Extra care and effort to ensure the C15 team felt comfortable with the information provided
“With Graphite, everything that had been a concern before immediately no longer became a concern,” says Erika. “They make understanding taxes as they apply to a startup feel possible, when before it looked like an impossible wall of text and rules to get over.”
The Results
By partnering with Graphite, C15 has gained:
- Confidence in their tax standing and decision making abilities
- Easier tax and R&D tax credit processes for Erica in her role
- A trusted partner to support them in getting from one stage of the business to the next
Need CFO or Accounting Help?
Born out of a VC fund, Graphite fully understands the strategic and financial needs of high growth companies. If you need accounting support or simply have a question about accounting at your company, feel free to connect with us!