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Zhen Wang

Finance, Operation, Risk Compliance, and Tax Credits

Zhen Wang is a finance and technology professional with extensive experience in fintech, startups, and financial services. He is currently a Co-Founder at a stealth fintech startup based in Los Angeles, California.23

Professional Background

Zhen Wang has held several key positions throughout his career:

Current Roles::

  • Co-Founder at a stealth fintech startup2
  • Investment Committee and Founder Community member at Sunstone Management (since February 2022)2
  • Co-founder and Finance Operator at Cheese Financial Inc. (since October 2019)2
  • EIR and Tax Advisor at Idealab (since July 2018)2
  • Founder of Technology Credit Inc. (since March 2018)2

Previous Positions::

  • CFO at ObEN, Inc. (February 2018 - June 2023)2
  • Southern California COIN Inbound Leader at EY (February 2016 - March 2018)2
  • Greater China R&D Tax Leader at Ernst & Young Shanghai (January 2014 - January 2016)2

Entrepreneurial Ventures

Zhen Wang has co-founded and founded several companies:

  1. Cheese Financial Inc.: A company providing simple banking and credit building services to underserved communities.12
  2. Technology Credit Inc.: A SaaS company helping startups with their research and development tax credit claims.12
  3. MomsinLA: An immigrant-focused 501c3 nonprofit providing content and events for mothers in Los Angeles.2

Education and Certifications

  • Bachelor of Science in Accounting from Brigham Young University (2000-2005)2
  • Master's degree in Taxation from Brigham Young University (2000-2005)2
  • Active CPA license from the California Board of Accountancy (issued May 2009)2

Additional Roles and Contributions

Zhen Wang is also involved in various mentorship and community roles:

  • Founder Community Manager at Sunstone Management, leading their Founder Development Program1
  • Volunteer startup mentor at several institutions, including UC Irvine Beall Applied Innovation, Preccelerator Program, Berkeley Skydeck, Long Beach Accelerator, and Lair East Labs1

Zhen Wang's diverse experience in finance, technology, and entrepreneurship has positioned him as a valuable resource in the startup ecosystem, particularly in the fintech sector.

Highlights

Mar 23 · linkedin

Relief from R&D amortization requirement, and more R&D credits to incentivize qualified R&D activities.

For many who were affected by the Original TCJA "sleeper rule" that required businesses to capitalize on R&D expenses, we hope to see some positive news coming for you. In addition, additional credits would be made available for startups who take advantage of the payroll tax credit by reducing hurdles to becoming a qualified small business.

For examples:

  1. up to 750K or payroll credits offset
  2. increasing the amount of credit calculation from qualified research expenditures
  3. allowing more startups to qualify for payroll tax credits offset through increasing the 5 years rule to 8 years while at the same time allowing startups to have up to $15M of gross receipts.

Conclusion for Startups: DONT FILE YOUR RETURN YET FOR 2022

#startups #tax #smallbusiness

May 3 · linkedin

I’m #hiring #banking #neobanks #workfromhome . Know anyone who might be interested? A super friendly work/office environment in and around Pasadena and with an option to work from home. Competitive pay and great work-life balance.

Related Questions

What is the mission of the Founder Development Program at Sunstone Management?
How does Zhen Wang's experience at EY influence his current role at Sunstone Management?
What are the main services provided by Cheese Financial Inc?
How does Technology Credit, Inc. assist startups with their tax claims?
What is the focus of the MomsinLA nonprofit organization?
Zhen Wang
Zhen Wang, photo 1
Zhen Wang, photo 2
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Location

Los Angeles, California, United States