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Fondo

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Last updated on

Company health

Employee growth
36% increase in the last year
Web traffic
70% increase in the last quarter
Financing
May 2024 - $10M

Ratings

Glassdoor
3.1/5
(3)

Fondo description

Fondo offers automated bookkeeping, tax filing, and tax credit identification specifically for US-based startups. They handle Delaware Franchise Tax, Federal and State corporate income taxes, and help businesses secure R&D and ERTC tax credits. Fondo provides financial reporting and pairs startups with a dedicated accounting team. They promise to save businesses time and money while maximizing potential tax refunds.


Who is using Fondo?


Who is Fondo best for

Fondo is ideal for early-stage startups looking for help with tax credits and bookkeeping. We've noticed it's particularly useful for those in the Software/IT/Telecommunications space. Fondo helps businesses save time and money, especially when it comes to maximizing potential tax refunds. Based on customer feedback, Fondo is a great fit for small to medium sized businesses, and can be a moderate fit for large enterprises as well!

  • Great for startups and small to medium-sized businesses (1-1000 employees) seeking streamlined bookkeeping and tax solutions.

  • Perfect for Software_IT_Telecommunications firms aiming to maximize tax credits and maintain financial compliance.


Fondo features

Supported

Bookkeeping: Fondo offers bookkeeping services to get your books closed and your financials monthly, quarterly, or annually.

Supported

TaxPass: Fondo offers TaxPass services to get your Delaware Franchise Tax, Federal & State Corporate Income Taxes filed.

Supported

Tax Credits: Fondo helps startups get up to $500,000 in cash credits every year.

Supported

Global TaxPass: Fondo provides Global TaxPass to get your US Corporate Taxes filed with Form 5471, Form 5472 , and FBAR.

Supported

Runway Dashboard: Fondo offers a Runway Dashboard for $1, which provides accountant-verified runway metrics.

Supported

Founders' Frontier Report: Fondo provides the 2023 Founders' Frontier Report, which helps early-stage startups understand how others are doing.

Supported

Founder Resources: Fondo provides guides and blogs with tech industry news, analysis, & advice for founders.


Fondo pricing

See the Fondo pricing page.

Business Monthly
$599 per service/month

Dedicated Accountant, Slack Support, Monthly financial reporting package

TaxPass
$1950 per service/year

Dedicated Tax Accountant, Federal Corporate Income Tax Filing, State Corporate Income Tax Filing, Delaware Franchise Tax Filing, International Add-ons Available

Global TaxPass
$7150 per service/year

Everything in TaxPass, Form 5471 (Foreign Subsidiary), Form 5472 (Foreign Shareholder), FBAR (Foreign Bank Account)

Tax Credits
Free

Fondo handles all the paperwork to help you get cash back from the IRS. If no credits are claimed, you pay $0.


Fondo alternatives

  • Logo of Haven
    Haven
    Startup accounting, taxes, and financial insights for growth.
    Read more
  • Logo of The Startup CFO
    The Startup CFO
    Outsourced expert CFOs for startups, driving growth and funding.
    Read more
  • Logo of Doola
    Doola
    Simplifies comprehensive US business setup, management, compliance hassle-free.
    Read more
  • Logo of Sunset
    Sunset
    Shuts down US startups: comprehensive, managed, fixed-fee, simplified.
    Read more
  • Logo of Stripe Atlas
    Stripe Atlas
    Incorporate, get funded, and run your US company easily.
    Read more
  • Logo of Octopus AI
    Octopus AI
    AI-powered financial planning for startups, simplifying money management.
    Read more

Fondo FAQ

  • What is Fondo and what does Fondo do?

    Fondo automates bookkeeping, tax filing, and tax credit identification for US startups. We find that Fondo is particularly helpful for securing R&D and ERTC tax credits. They offer financial reporting and a dedicated accounting team, aiming to save businesses time and money.

  • How does Fondo integrate with other tools?

    Fondo primarily focuses on internal integrations with their own services like bookkeeping, tax filing, and tax credit identification. There is no information available concerning direct integrations with other specific tools.

  • What the main competitors of Fondo?

    We find that Fondo's main competitors include Haven (accounting and financial insights), Gelt (AI-powered tax advisory), and Doola (US business operations for international founders). Each offers overlapping services, catering to startups with varying needs.

  • Is Fondo legit?

    Fondo appears to be a legitimate service. They have positive employee growth, website traffic growth, and offer services valuable to startups. However, with limited reviews available, we encourage further research to ensure it aligns with your specific needs.

  • How much does Fondo cost?

    Fondo's TaxPass service is $1950 per year, and their Global TaxPass service is $7150 per year. They also offer bookkeeping services starting at $599 per month and tax credits with variable pricing.

  • Is Fondo customer service good?

    There are currently no customer service reviews available for Fondo. Therefore, we can't comment on the quality of their customer service at this time.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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