A few months ago, a friend running an early-stage startup called me and said something I’m used to hearing in our customer query review discussions.
He had received an income tax notice, not about his company, but for a few crypto trades had made a couple of years earlier.
The amount he owed the department turned out to be a number several multiples larger than what he expected, plus interest.
As a founder, you are trained to obsess over cap tables, runway and product-market fit.
Personal financial hygiene naturally tends to take a backseat.
