Tax Lab, Inc

AI-driven SaaS to simplify complicated bookkeeping & taxes for small businesses

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Security Type
Crowd SAFE
Min Investment
$150
Location
LOS ANGELES, CA
Offering Date
October 03, 2022
Expected Close Date
February 28, 2023
Target Raise
$25.00K-$3.00M
No. Investors
79
Security Price
$1
Number of Employees
6
Cash
$18,508
Revenue
$60,778
Short Term Debt
$5,896
Cost of Goods
$2,387
Long Term Debt
$198,687
Net Income
$-19,790

Company Description

SynkBooks was created by a tax attorney to be the go-to bookkeeping solution for small and medium businesses. Simple and intuitive functionality makes learning easy, empowering users to focus on what matters: scalable, profitable growth.

Perks

Invest
$250
Receive
1 Year Subscription to the Synkbooks platform (retail value of $300)

Invest
$500
Receive
2 Year Subscription to the Synkbooks Platform (Retail value of $600)

Invest
$750
Receive
"Thank You" package and SynkBooks swag kit (T-shirt, Hat and Laptop Sticker)

4 investors
Invest
$1,500
Receive
Previous benefits + Lifetime Subscription to the Synkbooks Platform (not available via retail channels)
Limited (196 left of 200)

Invest
$2,500
Receive
Previous benefits + status as a "Founding Investor". You will be listed as such on our website (if desired).

Invest
$5,000
Receive
Previous benefits + Invitation to participate in Quarterly Investor Update calls.
Limited (100 left of 100)

1 investor
Invest
$10,000
Receive
Previous benefits + Invitation to a monthly "round table" Q&A with Synkbooks Founders and leadership team.
Limited (49 left of 50)

Invest
$25,000
Receive
Previous benefits + invitation to a biannual investor summit (6-hour on-site that includes participation in strategic growth, roadmap, and CX workshops) to help guide company roadmap.
Limited (10 left of 10)

Key Deal Facts

590% revenue growth (H1 2021 to H1 2022); $193k gross YTD
Overseeing $14M+ in gross receipts for current client base
Founder/CEO with 1000s of hours of tax litigation/audit experience
Founder/CMO with 2 exits + $1B revenues across clients
Payroll & bookkeeping services industry worth $60.4B in 2022
Streamlined bookkeeping — only what you need to get tax-return-ready
Faster, easier categorization with A.I.-powered machine learning

Management Team / Advisory Board Bios

Isai Bismark Cortez
CEO - Founder
As a practicing tax attorney and adjunct professor in tax representation, Isai has been able to use his creativity and knowledge of the United States tax law to develop and launch SynkBooks accounting software.

Lonny Schwartz
Founder + CMO
With a comprehensive marketing background encompassing a variety of specialties, Lonny has led the delivery of over $1B in revenue through B2C, B2B and B2B2C channels and navigated exits with both WPromote & DNA Diagnostics Center.
Amount Raised : $71,899
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
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Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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