fondo-hello-world

# Fondo Hello World ## Overview Verify your Fondo setup is working: check that bank transactions are syncing, payroll data is flowing, and your company qualifies for R&D tax credits. ## Instructions ### Step 1: Verify Bank Transaction Sync Navigate to Fondo Dashboard > Transactions: - Confirm recent bank transactions appear (may take 24-48h for initial sync) - Check that Plaid connection shows "Connected" status - Verify transaction dates match your bank statement ### Step 2: Review Auto-Categorization Fondo automatically categorizes transactions: | Category | Examples | Tax Impact | |----------|----------|------------| | Payroll | Gusto payments, contractor 1099s | Deductible, R&D qualified | | Software | AWS, GitHub, Figma | Deductible, R&D qualified | | Office | WeWork, office supplies | Deductible | | Travel | Flights, hotels, meals | Partially deductible | | Revenue | Stripe payouts, customer payments | Taxable income | | Transfers | Between own accounts | Not taxable | Review and correct any miscategorized transactions in Dashboard > Transactions. ### Step 3: Check R&D Tax Credit Eligibility ``` Fondo Dashboard > Tax Credits > R&D Assessment Eligible if ALL apply: ✓ US-based employees (W-2, not just contractors) ✓ Developing new/improved products, processes, or software ✓ Technical uncertainty exists in the development ✓ Systematic experimentation/iteration to resolve uncertainty Average startup credit: $21,000/year Maximum (payroll tax offset): $500,000/ye...