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KUBS Startup Station holds a special lecture on tax accounting for startups
2022.01.17 Views 2201 국제실
KUBS Startup Station holds a special lecture on tax accounting for startups
On December 28 (Tuesday), KUBS Startup Station held a ‘Startup Tax Accounting Special Lecture’ as a year-end special lecture. It was hosted by the Seungmyeongho Entrepreneurship Education Center of Startup Station and was held by Korea University Crimson Startup Support Group and sponsored by the NRF National Research Foundation. Partner accountant at Samil Accounting Firm, Jin Beong-guk attended as a speaker, and the event was held online in accordance with quarantine rules.
Jin gave a lecture on the topic of “Startup tax accounting knowledge that you must attain before the end of the year.” He said, “Our company’s Unicorn Center consists of a total of four departments: Tax headquarters, Audit headquarters, Deal headquarters, and Consulting headquarters. If you need any help, please contact us through the Unicorn Center,” and began the lecture. Jin, who is affiliated with the Tax Headquarters, gave lectures mainly on tax education. He explained that startups face the problem of shortage of manpower in the early stages of establishment, a period of lack of funds within one year after establishment, and difficulties in business expansion within two to three years after establishment.
First, he explained the stock option issuance and execution process in detail. In this process, Jin gave detailed information about △issuance grounds, △issuance targets, and △people who could not get issued according to the law. He also added more explanation of the issuer and exerciser regarding the timing of the transfer of the stock option.
Next, Jin mentioned “taxation issues that arise when receiving investment through capital increase at the time of getting investment.” He said that in this case, the principles applicable to related parties for tax purposes and non-related parties are different. In addition to this, Jin explained the ‘tax deferral requirements of the tax deferral system’, citing the Restriction of Special Taxation Act.
Jin concluded the lecture by emphasizing the tax-related experience and stating that if there are any questions or tax-related problems, they should seek help through the Unicorn Center of Samil Accounting Corporation.
Editor l Yoon Seok-woo (Media 18)