Our Mission & Core Values
Our mission is to help Founders of Technology and Tech enabled companies manage their tax compliance and accounting.
We have a passion for helping Tech Entrepreneurs understand their finances to make better decisions. Starting a technology company is a huge undertaking which is capital intensive, highly competitive and complex. Shay CPA helps founders keep their fingers on the pulse of critical KPIs so they can make decisions faster and have an edge over their competitors.
Shay CPA has built its reputation by delivering hands-on, personalized service and expertise to our clients and have worked with companies that have graduated from prestigious incubators such Y Combinator, Techstars, and 500 Startups. We also work with incubator/accelerator programs across New York City hosting presentations, workshops, and office hours.
Why Choose Us
Technology startups have a 1 in 10 chance of succeeding. The startups we work with have improved their chances of success by knowing their numbers. We offer frank, and timely advice to founders and early-stage employees to give them the vital information they need to stay alive, and make it to the next stage in their businesses growth. Whether your business has just won a business plan competition, raised a seed funding round, or a Series A – Shay CPA P.C. can provide the vital numbers you need to know to make the decisions that are crucial to your success. Knowing your cash burn-rate is the difference between having a business and losing everything. We have helped entrepreneurs successfully navigate through due diligence rounds, board/investor meetings, and exiting their businesses.
Founders partner with us.
Years of Experience
We provide tax compliance and accounting services for technology companies and their founders. We take care of the bookkeeping, payroll, cash-flow management, and financial forecasting, so busy founders can focus on the growth of their businesses. Our goal is to help founders establish a strong foundation in their financial operations and compliance so that they can scale as their company goes through multiple rounds of investment and increased headcount. As tech companies start to develop internal finance teams we help CFOs and controllers establish their departments and guide them through financial statements audits, due diligence inquiries, and helping establish financial reporting for board meetings and executives. Founders love working with us because we scale and augment our services with their growth. We are based in New York City, but work with founders nationwide and internationally.
Accounting for Startups
A GREAT set of financial statements informs decision making in real time. It allows you to know your burn rate and runway and understand your KPI’s to drive profit margins. We understand that tech startups have nuances like MRR/ARR and Deferred Revenue Recognition. Our trained team loves to get into the nitty gritty of accounting and does not shy away tackling complex transactions.
Taxes for Startups
Founders a Tax Return can be way more than just a compliance exercise - done correctly tech startups can realize valuable R&D Tax Credits that put cash back into your business to extend runway and drive growth, set the founders up to take advantage of favorable capital gains rates through Qualified Small Business Stock treatment (QSBS) and save yourself from making painful errors that can lead to serious penalties for not filing the right forms at the right times.
Meet The Team
Founder & President
Akshay Shrimanker is the founder and President of Shay CPA P.C. He started helping entrepreneurs in New York City’s fledgling tech startup scene in 2009 with their taxes and bookkeeping. At first, it was something he did part-time whilst working full-time at WNET – Channel 13 (NYC’s PBS station). Soon his passion for working with entrepreneurs led him to create Shay CPA P.C in January of 2014 and devote 100% of his time to work with entrepreneurs and startups.
Apart from Shay CPA P.C, Akshay is also the Past-President of the New York State Society of Certified Public Accountants – Queens/Brooklyn Chapter, and previously Chaired the NYSSCPA Emerging Technology and Entrepreneurship Committee (ETEC). He is a licensed Certified Public Accountant in New York State and has a Bachelors of Business Administration Degree in Accounting from CUNY-Baruch College.
Angela Sorace Maresca
Junior Staff Accountant
Accounting & Tax Intern
Accounting & Tax Intern