Case Study: Hapily avoids a costly tax bill with Pilot.com

Hapily avoids a $20,000 accounting fix with Pilot.com

Hapily, a venture-funded software startup, faced a significant challenge when selling a part of its business. As a C-Corp, they needed to structure the transaction correctly to avoid a large tax bill and required accurate bookkeeping from a provider experienced with startups. Their previous accounting firm quoted them $20,000, prompting them to seek a more suitable partner, which they found in Pilot and its bookkeeping service.

Pilot's bookkeeper proactively intervened, bringing in a controller to review the deal. Instead of simply logging the sale as revenue, Pilot provided expert advice on how to structure it to minimize tax liability, saving Hapily from a future expensive problem. This solution was provided at no extra cost. The result was a correctly recognized sale that protected their profit, and Hapily now uses Pilot's software portal for quick access to financial data and ongoing, responsive bookkeeping support.

Hapily