Accounting Blog

Our deep knowledge of accounting and tax issues in the Technology Industry gives you a competitive advantage.
Revenue Recognition for SAAS Companies

Revenue Recognition for SAAS Companies

Founders, as you embark on your journey of starting your SAAS-based business one thing that will come up time and time again will be the concept of ‘Revenue Recognition.’  What is revenue recognition you may ask?  Revenue recognition is the process of recognizing...

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Federal R&D Tax Credit for Tech Founders

Federal R&D Tax Credit for Tech Founders

https://youtu.be/HiaOI5U-Kwo   Founders, there is a powerful tax credit that can help put cash back into your startup, offsetting up to $250,000 of Payroll taxes per year for qualified small businesses. For businesses that don’t meet the qualified small business...

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2021 DELAWARE ANNUAL FILING

2021 DELAWARE ANNUAL FILING

The Delaware Annual Filing is due on March 1st, which is just a month from now. So make sure to be on the lookout for an email from your registered agent in Delaware. You can sometimes use their portal to file an entire annual report. You will need your file number,...

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1099 Tips for your Tech Startup – 2021

1099 Tips for your Tech Startup – 2021

https://youtu.be/pKmnbEYv_zk   Founders, for 2021, there is a new tax form to report payments to contractors - 1099-NEC. This form is different from the 1099-MISC form, previously used to report payments to contractors. The threshold is still $600, and the...

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Our Team is Bill.com Certified

Our Team is Bill.com Certified

Let SHAY CPA P.C. help your startup with its A/P and A/R process. Each of our accounting staff members is certified in using Bill.com which helps set up a process for payments. This is great for companies that need a simple process for bill-pay/receivables management,...

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Year-End Finance Tips for Your Startup

Year-End Finance Tips for Your Startup

https://www.youtube.com/watch?v=8_Vnwp8fDxk&feature=youtu.be 2020 has been an unprecedented year especially for founders who have had to navigate the impact of COVID-19 on their company’s operations and survival. Many tech founders took advantage of government...

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